NOV Expands Subsea Pipe Manufacturing Capacity in Brazil Amidst Growing Demand

NOV Inc. plans to double the capacity of its subsea flexible pipe manufacturing facility in Brazil through a $200 million investment over three years. The expansion aims to support growing demand driven by deepwater developments and a replacement cycle for flexible pipe installations. The company's current manufacturing capacity has been operating at full utilization and has a backlog stretching into 2028. The expansion also positions NOV to introduce new technologies for high-CO₂ applications.