Key Developments: Vallourec SA (VLLP.PA)

VLLP.PA on Paris Stock Exchange

30.52EUR
24 Oct 2014
Price Change (% chg)

€-0.25 (-0.83%)
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Latest Key Developments (Source: Significant Developments)

Vallourec to supply Total E&P Borneo with premium pipes
Friday, 7 Mar 2014 02:00am EST 

Vallourec SA:Wins $100 million contract for supply of premium pipes with VAM21 connections for the offshore ML-South Project operated by Total's affiliate Total E&P Borneo in Brunei.Premium pipes are to equip the wells.Majority of pipes in high alloyed, corrosion-resistant grades, threaded with connection VAM 21.Casing and tubing to be manufactured in Vallourec's European & Indonesian plants.Pipes expected to be delivered to Total E&P Borneo for drilling operations scheduled to start in H2 2015.  Full Article

Vallourec SA proposes FY 2013 dividend and gives FY 2014 outlook
Wednesday, 26 Feb 2014 11:46am EST 

Vallourec SA:Proposes fiscal year 2013 dividend of 0.81 euro per share, payable in cash or in shares at the shareholders' option.Payment to take place on June 25 (shareholders on the register on June 3 will be entitled to the dividend and the share will go ex-dividend on June 4).Proposal represents an increase of 17.4 percent, compared to the previous fiscal year.Sees stable to moderate increase in fiscal year 2014 sales and EBITDA.FY 2013 sales 5,578 million euros, EBITDA 920 million euros.FY 2014 revenue 5,850 million euros, EBITDA 1,004 million euros - Thomson Reuters I/B/E/S Estimates.  Full Article

Vallourec signs two new service contracts with Petrobras
Wednesday, 26 Feb 2014 11:40am EST 

Vallourec SA:Signs two new five-year service contracts with its customer Petrobras, the Brazilian national oil company.Petrobras will be supported with services to meet the challenges of logistics and ultra-deep offshore applications.New contracts complement the five-year frame agreement renewed late 2012.Services to be provided through a dedicated subsidiary, Vallourec Transport and Services, employing 280 people and based in Rio das Ostras (state of Rio de Janeiro).  Full Article

Vallourec SA signs a 1.1 billion euro syndicated facility
Thursday, 13 Feb 2014 02:30am EST 

Vallourec SA:Says it has signed a multi-currency revolving credit facility for an amount of 1.1 billion euros, maturing in Feb. 2019, plus two one-year extension options.Says the transaction was oversubscribed by an international syndicate of 19 banks.Lead Arrangers and Bookrunners: Banco Santander, Bank of Tokyo-Mitsubishi UFJ, Banque Federative du Credit Mutuel, BNP Paribas, Commerzbank Aktiengesellschaft, Credit Agricole, Societe Generale and Sumitomo Mitsui Banking Corporation Europe.Mandated Lead Arrangers: Bank of America Merrill Lynch, Barclays Bank Plc, Citi, Deutsche Bank, HSBC France and Standard Chartered Bank.Arrangers are: Credit du Nord, ICBC, Intesa San Paolo S.p.A., Itau BBA International and JPMorgan.  Full Article

Vallourec SA inaugurates plant in Saudi Arabia
Wednesday, 15 Jan 2014 04:01am EST 

Vallourec SA:Announces the inauguration of its new finishing plant for oil & gas tubes (OCTG) in Saudi Arabia.Says the unit is in Dammam and is dedicated to the heat treatment and threading for the full range of VAM connections, with an annual capacity of 100,000 tons.Says the finishing plant includes heat treatment and finishing lines and an additional threading line and a coupling shop.Says total investment amounted to approximately $200 million.  Full Article

Vallourec SA to Equip Subsea Wells for Total SA's Deepwater Oil and Gas Project
Thursday, 14 Nov 2013 11:46am EST 

Vallourec SA announced the provision of a range of offshore solutions to the CLOV deepwater oil and gas project operated by Total SA's Total E&P in Angola, of which the production is expected to start in the second quarter of 2014. Vallourec SA will equip the 34 subsea wells involved in the project with approximately 15,000 tons of OCTG products featuring VAM connections. Financial details were not disclosed.  Full Article

Vallourec SA Confirms FY 2013 Revenue and EBITDA Margin Guidance
Thursday, 7 Nov 2013 11:46am EST 

Vallourec SA announced that it continues to target growth in revenue and improvement in EBITDA margin in fiscal year 2013. The Company reported for fiscal year 2012 a revenue of EUR 5.326 billion. According to I/B/E/S Estimates, analysts on average are expecting the Company to report for fiscal year 2013 a revenue of EUR 5,530.29 million, what reflects a 3.84% growth.  Full Article

Vallourec SA's Vallourec Tubos do Brasil to Supply Pipes for Offshore Xerelete Field in Brazil
Monday, 14 Oct 2013 11:45am EDT 

Vallourec SA announced that Vallourec Tubos do Brasil, the Company's wholly-owned Brazilian subsidiary, has been selected to supply pipes for the offshore Xerelete field in Brazil, of which Total became an operator in June 2012. The Xerelete field is located in the Campos Basin, around 250 kilometers off the coast of Rio de Janeiro in 2,400 meter water depth. Vallourec SA's products will be used in the exploration and appraisal wells for additional oil and gas resources. Drilling operations are due to start by the end of the year. The tubes will be produced at Vallourec Tubos do Brasil in Belo Horizonte, Minas Gerais. The financial terms of the deal were not disclosed.  Full Article

Vallourec SA Launches Production of Umbilicals Tubes at Its New Plant and Becomes Approved Supplier of Total SA
Monday, 23 Sep 2013 08:00pm EDT 

Vallourec SA announced the launch of a new offer for the offshore oil & gas market: the production of welded stainless steel tubes to be fitted into umbilicals, produced at the Company's new Vallourec Umbilicals plant in Venarey-Les Laumes (Cote-d'Or, France). The Company also announced that Vallourec Umbilicals has become an approved supplier of Total SA. The plant is already working on a prototype order, actual industrial ramp-up is expected to take place in 2014.  Full Article

Vallourec SA Confirms FY 2013 Revenue and EBITDA Margin Guidance
Tuesday, 30 Jul 2013 11:45am EDT 

Vallourec SA announced that it continues to target growth in revenue and improvement in EBITDA margin in fiscal year 2013. The Company reported fiscal year 2012 revenue of EUR 5.326 billion. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2013 revenue of EUR 5.654 billion.  Full Article

New Issue- Vallourec prices 500 mln Euro 2024 bond

Lead Manager(s) BNPP, CM-CIC, Commerzbank, Santander GBM & SG CIB

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