NOV optimistic about 2022, but predicts headwinds to Q4 profitability

Company sees increased demand for offshore rigs lasting into next year

Muted growth: National Oilwell Varco said several issues will limit its profits in the fourth quarter. — Muted growth: National Oilwell Varco said several issues will limit its profits in the fourth quarter.Photo: NOV

Mark Passwaters

Houston

NOV Brazil Middle East USA Australia

Published 27 October 2021, 19:48Updated 28 October 2021, 12:12