Houston-based National Oilwell Varco (NYSE: NOV), which provides technology, equipment and services for the upstream energy sector, is the latest energy company to make a change to its dividend.
NOV has suspended its dividend until further notice, the company announced after markets closed May 20.
“While NOV’s balance sheet and access to capital remain strong, the global economic shutdown has resulted in heightened uncertainty and an opaque outlook for the oilfield service industry,” Clay…
The system, known as NeuFuel, differs from compressed natural gas because it can be used at a lower pressure than CNG.
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