National Oilwell Varco Research Paper Example | Topics and Well Written Essays - 750 words

National Oilwell Varco - Research Paper Example Such regulatory risk may mandate National Oilwell Varco make changes to the segments in which NOV is operating. 1. Environmental Protection Agency: an agency created to unite the federal research, monitoring, standard-setting and enforcement activities that would provide environmental protection. As a result of the exploration and production of oil and gas in the recent tears, there appeared new norms and rules that companies should apply for drilling permits. Thus, the Environmental Protection Agency is working to curb pollution and emissions created by the oil industry. That requires National Oilwell Varco to deal with the enhanced involvement by the organization’s administration. National Oilwell Varco focuses on safety from the hazardous working conditions, it should ensure the compliance with the regulation on each of its oil platform. Refineries should require the regulations on nitrous oxide emissions, byproducts and products the company manufactures and sells (Hackett, Regoli, De Deo, Polley, 2014). Despite the oil and gas businesses questioned the need for tighter controls because of the regulation to be the most expensive in US history and have little impact on the environment and consumers, however, EPA stated that a combination of the proposed air pollution rules would assist in meeting the proposed standards of cutting smog-forming emissions from oil and gas industry and transportation.2. American Petroleum Institute: a national trade association that represent U.S. oil and natural gas industry.