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NOV Inc. announced a $200 million investment over three years to roughly double the capacity of its subsea flexible pipe manufacturing facility in Açu, Brazil. Additional capacity is planned to come online in late 2029.
NOV's APL unit has been awarded the supply of a submerged turret production system for an FPSO vessel to be deployed off India's East Coast, ordered by a joint venture of Shapoorji Pallonji Oil and Gas and Bumi Armada.
NOV acquired FJORDS, adding technology and in-house fabrication capability to its Wellstream Processing division. The deal gives NOV access to more than 800 locations worldwide. The date and value were not stated; the date shown is the source date.