NOV to close Houston facility, eliminate jobs

National Oilwell Varco Inc. (NYSE: NOV) is in the process of closing a manufacturing facility in north Houston, and the company will be laying off 129 employees who work at the site, according to the Houston Business Journal.

The facility will be closing between May 31 and June 15. The job cuts began in late January and will be executed in phases.

Due to current market conditions, NOV, which makes oilfield equipment and provides oilfield services, has already closed other facilities and laid off employees.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...