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Key Developments: Vallourec SA (VLLP.PA)

VLLP.PA on Paris Stock Exchange

30 May 2016
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Latest Key Developments (Source: Significant Developments)

Vallourec ‍renews and extends contract with Wintershall​
Thursday, 10 Dec 2015 02:30am EST 

Vallourec SA:‍Renews and extends its contract with German oil and gas company Wintershall.  Full Article

Vallourec signs a five-year framework contract with Total
Tuesday, 24 Nov 2015 02:31am EST 

Vallourec SA:Signs five-year framework contract with Total SA to meet its OCTG requirements.  Full Article

Vallourec awarded new order for premium drilling products
Thursday, 15 Oct 2015 02:30am EDT 

Vallourec SA:Wins new order for premium drilling products.Contract for delivery of 12 drill strings in sour service grade.Drill strings will be delivered to Abu Dhabi starting mid- 2016 to beginning of 2017.  Full Article

Vallourec supplies OCTG order and line pipe for project in the gulf of Mexico
Wednesday, 23 Sep 2015 02:00am EDT 

Vallourec SA:Supplies an important order of OCTG and line pipe for the stampede deepwater project in the gulf of Mexico, confirming its expertise with premium solutions.Vallourec is providing over 5,000 tons in various sizes of oil country tubular goods (OCTG) for critical deepwater development wells.Contract also covers 9,000 tons of seamless steel line pipe for flowlines and steel catenary riser (SCR).Over the life of project the majority of the pipes will be threaded at VAM USA, Houston, TX, with VAM SLIJII and VAM HP for a total of over 12,000 premium connections.  Full Article

Vallourec successfully extends maturity of 400 mln euros facilities
Monday, 21 Sep 2015 11:45am EDT 

Vallourec SA:Successfully extends the maturity of 400 million euros ($448 million) facilities.Announces that it signed a revolving credit facility for an amount of 400 million euros, maturing in July 2019, plus a one-year extension option.  Full Article

Vallourec gives FY 2015 and quarterly guidance
Thursday, 30 Jul 2015 11:45am EDT 

Vallourec SA:Expects oil and gas deliveries and results to be impacted further in H2.Says results in U.S. in next two quarters expected to be significantly below Q2.Sticks to positive free cash flow target for 2015.Sees negative EBITDA over the full year 2015.Sees significantly lower margins and deliveries in Q3 and Q4 vs Q2.  Full Article

Vallourec adopts new regional organization
Thursday, 2 Apr 2015 03:00am EDT 

Vallourec SA:Announces new regional organization.Says group will now operate in four regional units: Europe, North America, Eastern Hemisphere and South America.  Full Article

Vallourec unit Valinox Nucleaire awarded two contracts for steam generator
Thursday, 12 Mar 2015 03:30am EDT 

Vallourec SA:Says its Valinox Nucleaire unit has been awarded two contracts for steam generators that will equip EDF 1,300MW power plants.Valinox Nucleaire has been contracted by Areva to manufacture tubes for eight steam generators that will equip two EDF 1,300MW reactors.Valinox Nucleaire will supply 5,300 nickel alloy tubes for each steam generator.  Full Article

Vallourec SA confirms and gives FY 2014 guidance in line with estimates
Thursday, 29 Jan 2015 01:31am EST 

Vallourec SA:Has reassessed carrying value of its global asset base, as part of its annual impairment review.Estimates that this review should lead to a total adjustment anticipated between 1.0 billion euros ($1.13 billion) and 1.2 billion euros.This depreciation will result in a non-recurring impact on Vallourec's net income in 2014.Confirms its previously communicated guidance for fiscal year 2014, including targeted FY 2014 sales at a level close to one reached in FY 2013.Sees an EBITDA down by approximately 10 pct compared to 2013.FY 2013 revenue of 5.578 billion euros.FY 2014 revenue of 5.502 billion euros - Thomson Reuters I/B/E/S.FY 2013 EBITDA of 920 million euros.FY 2014 EBITDA of 827 million euros - Thomson Reuters I/B/E/S.  Full Article

Vallourec is awarded contract in Angola
Friday, 14 Nov 2014 02:30am EST 

Vallourec SA:Says it is awarded contract for Kaombo ultra-deep offshore project in Angola.Says it will supply its tubular solutions.Says manufacturing of the first batches will be completed in December 2014.Says drilling operations will start in Q3 2015 and are expected to last until 2021.  Full Article

UPDATE 1-Tough oil and gas markets hit Vallourec's first-quarter sales

PARIS, May 3 Vallourec on Tuesday reported a first-quarter net loss and a drop in sales volumes to record lows, but the steel pipe maker said its results would improve in the second quarter.