Thursday, 28 June 2018

Saudi Aramco, NOV form JV to make onshore oil rigs, equipment

Saudi Aramco, NOV form JV to make onshore oil rigs, equipment

28 June 2018,  News Wires – Saudi Aramco signed a deal with National Oilwell Varco Inc. to form a joint venture (JV) to make onshore rigs and equipment in Saudi Arabia, the state-owned Saudi energy firm said. Saudi Aramco will own 30% of the venture, while the rest will be owned by Houston-based NOV, the statement …

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