NOV's two main predecessors, Oilwell Supply and National Supply, were founded in 1862 and 1893, respectively. These two companies manufactured and distributed pumps and derricks. In 1930, acquired Oilwell Supply. In 1958, merged with National Supply. In 1987, National Supply merged with USS Oilwell to become "National Oilwell". Varco was founded as Abegg and Reinhold Company by Walter Abegg and Baldwin Reinhold i.
[pdf] The drawworks reels in and reels out the drilling line. The drilling line is connected to the traveling block and hook which connect to the drill string. The drill string runs over the crown block and setup like a block and tackle pulley system.
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