In this episode of Oilfield 360, hosts David de Roode and Victoria Bear Queen sit down with Jose Bayardo, the newly appointed CEO of NOV, to explore leadership, innovation, and the future of global energy. Bayardo shares a candid and wide-ranging perspective shaped by his career across investment banking, private equity-backed growth companies, public markets, and large-scale global operations. From his early days in energy technology and corporate development to his leadership of one of the world’s largest oilfield services companies, the conversation traces how disciplined capital allocation, operational experience, and adaptability have defined his path. 00:00 Why Oil and Gas Matters 00:36 Podcast and Sponsors 01:59 Host Catch Up 03:23 Meet Jose Bayardo 04:03 Early Life and Education 06:43 Banking and Energy Tech 07:32 SCF and Complete Growth 14:48 Continental to NOV 18:34 Becoming NOV CEO 25:26 What NOV Does 26:10 Brazil Deepwater Expansion 28:45 Geopolitics and Supply Chain 30:05 Energy Security and Diversification 31:13 Fiberglass and Midstream Infrastructure 33:25 Automation and Data Tech 35:14 NOV in 5 to 10 Years 37:19 M&amp;A Versus Organic Innovation 39:13 Capital Discipline and Investing 42:23 Replacement Cycle and Tightening Market 45:37 Family Life and Balance 48:33 Cars and Hands-On Hobbies 51:55 Mentors and Leadership Lessons 54:57 Quick Fire and Career Advice

#101. Jose Bayardo on Drilling Innovation, Growth, And Energy Demand

Oilfield 360 Podcast

# Full Transcript

**Podcast:** Oilfield 360 Podcast

## Transcript

Oil and Gas makes modern life possible. The energy the world requires today and tomorrow will come from decisions made in the oil field today. Oil and gas will remain the leading source of fuel to power affordable energy that is sustainable for the billions of people that depend on the success of the industry.

The oil field is a group of people, companies, technologies, and institutions working towards providing the world with safe, clean, storable, and transportable power. The oil field 360 podcast is a 360 degree deep dive into the leaders of the industry who will provide listeners with a firsthand account of what it takes to build, maintain, and lead the energy business into the future.

The Oilfield 360 Podcast is brought to you by the following sponsors. Lockton Global Energy and Marine, uncommonly independent. Lockton is the world's largest privately owned insurance broker and risk finance advisor.

Lockton's global energy expertise is centered in Houston and represents the largest concentration of energy specialists, clients, and experiential knowledge in the upstream, midstream, and downstream segments of the oil and gas industry. Visit Lockton.com for more information. Upright Digital. Upright Digital specializes in partnering with your business to maximize marketing efficiencies.

We have a deep understanding of people, their needs, motivations, behaviors, as well as the technologies that enable brands in many industries to utilize what is available in a changing digital landscape. Find us online at uprightdigital.com. Welcome back to the oil field 360 podcast.

I'm your host, David DeRoe, joined by my lovely co-host, Victoria Beard Queen. How are you doing, Victoria? I am so happy. I had a nice, relaxing weekend. I'm feeling refreshed. I'm really excited for this conversation. How are you? You look like you just came back from the Masters. Did you win? Well, I did. I did. I win every day. I did not come back from the Masters. I had the great fortune of taking my old man and another old buddy of mine fishing in Casper, Wyoming on the North Platte River.

The good Lord blessed us with three beautiful days. We caught some monster trout. So I came back refreshed. My wife was so excited to turn my son, you know, six-year-old son over to me when I got home last night that she didn't know what to do with herself. So what did you do or didn't do this weekend that was so relaxing? I just kind of vegged. I caught up on some documentaries. I did some stuff around the house. I've been traveling so much for work, which I love. But sometimes you just need a little bit of time at home.

Any documentaries of note that we should pay attention to? Probably not ones I should talk about on the podcast. More of like the murder scenes. Nothing lighthearted. Cool. All right. Well, I just finished Jack Carr's new book. That was pretty good. The fourth option. I didn't know you read. I have ...

#101. Jose Bayardo on Drilling Innovation, Growth, And Energy Demand

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

#101. Jose Bayardo on Drilling Innovation, Growth, And Energy Demand

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.