The reorganization and appointments will be effective Jan. 1, 2024. (Source: Shutterstock)
Houston based oilfield services company NOV Inc. announced the retirement of Isaac Jospeh, president of wellbore technologies and Kirk Shelton, president of completion and production solutions, effective Dec. 31, the company said on Oct. 26.
“I would like to thank both Isaac and Kirk for their many contributions to NOV throughout the years,” said Clay William, chairman, president and CEO of NOV. “Their leadership and mentorship have had an immeasurable positive impact on both the company and the many people they have led throughout the years.”
Additionally, NOV stated it will be consolidating its reporting structure to drive operational and financial efficiencies into two segments: energy equipment and energy products and services.
The energy equipment segment, led by president of rig technologies Joe Rovig, will consist of the company’s longer cycle capital equipment businesses including rig technologies, intervention and stimulation equipment and other project-based businesses, according to the release.
The energy products and services segment, led by the segments appointed president Scott Livingston, will consist of NOV’s shorter cycle transactional businesses including Tuboscope pipe coating and inspection, ReedHycalog drill bits, downhole tools and motors, Grant Prideco drill pipe, MD Totco and NOV’s fiberglass solutions.
The reorganization and the appointments of Rovig and Livingston will be effective Jan. 1, 2024, the company said.
Recommended Reading
Classic Rock, New Wells: Permian Conventional Zones Gain Momentum
2024-12-02 - Spurned or simply ignored by the big publics, the Permian Basin’s conventional zones—the Central Basin Platform, Northwest Shelf and Eastern Shelf—remain playgrounds for independent producers.
E&P Highlights: Dec. 16, 2024
2024-12-16 - Here’s a roundup of the latest E&P headlines, including a pair of contracts awarded offshore Brazil, development progress in the Tishomingo Field in Oklahoma and a partnership that will deploy advanced electric simul-frac fleets across the Permian Basin.
Wildcatting is Back: The New Lower 48 Oil Plays
2024-12-15 - Operators wanting to grow oil inventory organically are finding promising potential as modern drilling and completion costs have dropped while adding inventory via M&A is increasingly costly.
Hibernia IV Joins Dawson Dean Wildcatting Alongside EOG, SM, Birch
2025-01-30 - Hibernia IV is among a handful of wildcatters—including EOG Resources, SM Energy and Birch Resources—exploring the Dean sandstone near the Dawson-Martin county line, state records show.
US Drillers Add Oil, Gas Rigs for First Time in Eight Weeks
2025-01-31 - For January, total oil and gas rigs fell by seven, the most in a month since June, with both oil and gas rigs down by four in January.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.