Company News - National-Oilwell, Varco to merge in $2.5 billion deal

08/23/2004
A merger between an oil drilling equipment manufacturer and a manufacturer and supplier of drilling systems and rig instrumentation was the largest transaction among recent oil-related mergers and acquisitions.National-Oilwell Inc. (NOI) and Varco International Inc., both based in Houston, agreed to merge in a $2.5 billion stock deal to create National Oilwell Varco in which NOI shareholders will own 51% interest and Varco shareholders 49%.In other recent upstream company news:Newfield Exploration Co., Houston, agreed to buy privately owned Inland Resources for $465 million, plus $111 million in assumed debt. Closing is expected by early September.Anadarko Petroleum Corp. plans to acquire...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected