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National Oilwell reports Rig Tech backlog for equipment $16.24B at Dec. 31

Backlog for capital equipment orders for the company’s Rig Technology segment at December 31, 2013 was a record at $16.24B, up 7% from 3Q13 and up 37% from the end of 4Q12. New orders during the quarter were $3.61B, reflecting continued strong demand for oilfield equipment.