Energy & Power

Vallourec

Company Profile Analysis

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Vallourec - Energy & Power showcase

Year Founded & Workforce

1898-12-31

19,000 Employees

Industry

Energy & Power

Services

V

Vallourec Overview

Company Headquarters: Paris, France

Founded: 1899

Workforce: ~19,000

Company Working: Vallourec is one of the leading suppliers of premium tubular solutions for end-use industries such as power, oil & gas, automobile, construction, and petrochemicals. It operates through three business segments, namely, oil & gas and petrochemicals, industry, and power generation. The company provides OCTG under the oil & gas and petrochemicals segment. Some of the other products offered by the company under this segment are drilling products, surf, offshore, and onshore line pipes, hydrocarbon processing tubes, and fittings. Furthermore, it manufactures a wide range of products for the oil & gas industry including seamless tubes, line pipes, and premium connections for drilling operations, which can withstand extreme operating conditions such as high temperature, high pressure, and corrosive environments.

Vallourec has a presence in more than 20 countries, including the US, Germany, Brazil, China, Saudi Arabia, Mexico, Nigeria, and South Africa. It has six research & development centers across the US, Brazil, and France. Vallourec Changzhou Co., Ltd (China), Valinox Nucléaire (France), Vallourec Tube-Alloy, LLC (US), and Vallourec Umbilicals (France) are some of the company’s key subsidiaries.

Strategy

Vallourec focuses on enhancing its business operations through contracts and agreements worldwide. For instance, in September 2015, it signed a contract with Hess Corporation (US) to supply 14,000 tons of premium tubes for the stampede project in the Gulf of Mexico. Additionally, the company also acquired a stake of 70.07% in Anhui Tianda Oil Pipe Company Limited (China) to become a prominent manufacturer and supplier in Asia-Pacific and the Middle East. Therefore, using this inorganic growth strategy, it increased its presence in the global oil country tubular goods (OCTG) market

Company Snapshot

$643.25M

Revenue

19,000

Employees

1898-12-31

Founded

Paris, France

Headquarters

SWOT Analysis

Strengths

  • Focus on seeking opportunities to enhance presence in developing countries

Weaknesses

  • Declining investments in R&D

Opportunities

  • Increasing application in renewable energy industry

Threats

  • Cyclical nature of OCTG market

Key Developments

DateApproachDevelopment
March 2019Contract and AgreementVallourec signed a contract with PTT Exploration & Production PLC (Thailand) to supply 3,000 tons of OCTG for the company’s M9 West exploration well in Myanmar. This helped diversify the company’s product portfolio in Asia-Pacific and the Middle East.
March 2019Product DevelopmentVallourec developed an online sales platform, Smartengo, to supply OCTG threaded seamless tubes products for the oil & gas industry. This development enabled it to provide better services to its customers by reducing time and enhancing the ease of use of its products
December 2017Contract and AgreementVallourec signed a contract with National Oilwell Varco (US) to supply drilling products worth USD 63 million. This helped expand its business operations in the US
September 2017Contract and AgreementVallourec signed a contract with Badr El Din Petroleum Company (Egypt), a joint venture of Shell and the Egyptian General Petroleum Corporation, to supply seamless carbon steel tubes for 60–70 gas wells for its the onshore project in Egypt.
May 2016ExpansionVallourec opened a new plant, Vallourec Tube-Alloy Asia-Pacific, in Singapore to supply OCTG to its clients in the country. This helped expand its presence in Asia-Pacific.

Product Offering

  • Vallourec
    • Casing
    • Tubing
    • Drilling with casing

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About the Author

Wantstats Research Team

Wantstats' research desk profiles Vallourec as part of our ongoing coverage of the Energy & Power sector, drawing on public company data, filings, and market intelligence.

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We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

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