A Look at the New National Oilwell Varco

The Motley Fool's energy bureau chief, Joel South, interviews the president of Wellbore Technologies.

Jun 5, 2014 at 10:18AM

The Motley Fool's energy bureau chief, Joel South, interviewed Fadi Michael Matta, the president of Wellbore Technologies at National Oilwell Varco (NYSE:NOV) while attending the Offshore Technology Conference in Houston. Prior to heading Wellbore Technologies Matta worked as the president of the Downhole Group at National Oilwell Varco from 2010.

In the interview, South and Matta discuss what Wellbore Technologies will focus on in the coming years after Matta first outlines the reasons behind the National Oilwell Varco segmentation. Matta explains that the new segment will hone in on designing, developing, and manufacturing technology to reduce costs, improve efficiency, and offer environmental solutions for their customers. 

Do you know this energy tax "loophole"?
You already know record oil and natural gas production is changing the lives of millions of Americans. But what you probably haven't heard is that the IRS is encouraging investors to support our growing energy renaissance, offering you a tax loophole to invest in some of America's greatest energy companies. Take advantage of this profitable opportunity by grabbing your brand-new special report, "The IRS Is Daring You to Make This Investment Now!," and you'll learn about the simple strategy to take advantage of a little-known IRS rule. Don't miss out on advice that could help you cut taxes for decades to come. Click here to learn more.

Joel South has no position in any stocks mentioned. The Motley Fool recommends National Oilwell Varco. The Motley Fool owns shares of National Oilwell Varco. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Compare Brokers