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
Quantum Capital’s View on AI: Lots of Benefits, Pain Points
2024-05-16 - The energy industry is lagging in the race to implement AI, but Sebastian Gass, CTO of Quantum Capital Group, offered a few solutions during Hart Energy’s 2024 SUPER DUG Conference & Expo.
Aramco Credits Adaptability, Collaboration for Driving Innovation
2024-05-15 - Aramco’s implementation of different approaches has led to the creation and commercialization of newer products, said Max Deffenbaugh, principal scientist for Aramco, at the 2024 Offshore Technology Conference in Houston.
OTC: E&Ps Improving Operational Safety with Digitization
2024-05-13 - Artificial intelligence and the digitization of the oilfield have allowed for several improvements in keeping operators out of harm’s way, panelists said during the 2024 Offshore Technology Conference.
Exclusive: Cost-effective Benefits of Extracting from Mature Assets
2024-05-13 - Baker Hughes' well abandonment leader Bart Joppe details the importance of extracting resources from mature assets and the company's approach to managing a well, in this Hart Energy Exclusive interview.
TGS Starts Up Multiclient Wind, Metaocean North Sea Campaign
2024-05-07 - TGS is utilizing two laser imaging and ranging buoys to receive detailed wind measurements and metaocean data, with the goal of supporting decision-making in wind lease rounds in the German Bright.