National Oilwell Varco (NOV) and Schlumberger Limited (SLB) announced the creation of a joint venture to provide high-speed drill string telemetry systems to improve the efficiency and safety of oil and gas operations.
The IntelliServ joint venture is expected to accelerate development and delivery of intelligent drilling solutions through the expanded use of the IntelliServ Broadband Network, a patented technology that provides high resolution data in real time to and from the bottom of oil and gas wells as they are being drilled.
National Oilwell Varco owns 55% of the joint venture and provides manufacturing, technical and operational support, while Schlumberger owns 45% and brings evaluation and measurement expertise, and will pursue the development of advanced drilling-related systems enabled by the IntelliServ Broadband Network.
IntelliServ also will provide along-string evaluation services that will enable real-time monitoring of drill string conditions, and an unlimited ability to actuate downhole tools on-demand. The current speed of 57,600 bits per second is up to 20,000 times faster than the transmission speed that is available using conventional mud pulse technology.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.