Vallourec stated it has secured a big contract to provide oil nation tubular items (OCTG) for drilling operations in Qatar, representing over $50 million in potential income.
The contract consists of the provision of carbon metal OCTG merchandise with premium connections, to be delivered in 2026 to assist Qatar’s growing onshore and offshore drilling exercise, the corporate stated in a information launch.
Vallourec stated that the contract aligns with the objectives of the Qatari authorities to extend the nation’s oil manufacturing by 19 % and liquefied pure gasoline (LNG) manufacturing by 85 % by 2030.
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Vallourec Group Chairman and CEO Philippe Guillemot stated, “Vallourec has been a dependable provider to operators in Qatar for many years. This new order demonstrates our competitiveness in supplying important portions of premium tubes and connections. Vallourec will stay a key strategic companion in oil, gasoline or carbon seize, utilization and storage (CCUS) tasks in Qatar for the approaching years”.
Hydrogen Storage Answer Certified by DNV
Earlier within the month, Vallourec, stated its vertical gaseous hydrogen storage resolution Delphy was granted official qualification by international assurance and threat administration agency DNV.
Delphy permits the storage of as much as 100 tons of hydrogen underneath most security situations, extending as much as 100 meters underground and assembly “the problem of advanced and demanding industrial environments,” the corporate stated in an earlier assertion.
The answer targets each inexperienced hydrogen producers and industrial gamers comparable to artificial gas producers, inexperienced ammonia producers, steelmakers, and refineries, Vallourec stated.
Vallourec stated it has signed two memorandums of understanding (MoUs) for Delphy: one with H2V for inexperienced hydrogen manufacturing and utilization tasks, and one with NextChem Tech for inexperienced hydrogen and inexperienced ammonia tasks.
Round 50 tasks in France and globally are presently underneath dialogue, representing potential income of roughly $2.3 billion (EUR 2 billion), in keeping with the assertion.
In keeping with Vallourec, demand for the Delphy storage resolution “will probably be fueled by European rules, which require storage options to pair with renewable electrical energy manufacturing, and by the French hydrogen technique, which inspires inexperienced hydrogen producers to function flexibly to contribute to energy grid stability”.
Guillemot stated, “The qualification of Delphy illustrates Vallourec’s capability to leverage its industrial and technological experience for brand spanking new vitality options. Because of the excellence of our groups, we’re in a position to provide this distinctive resolution that meets the challenges of creating the worldwide hydrogen sector. This key milestone reinforces our place within the hydrogen market and our management in supporting international decarbonization efforts”.
Santiago Blanco, a director at DNV, stated, “DNV is proud to validate Vallourec’s Delphy hydrogen storage resolution—a milestone in protected, scalable hydrogen infrastructure. With our Vitality Transition Outlook mannequin projecting a necessity for 188 million tons of hydrogen yearly by 2050, versatile storage like Delphy is essential to bridge renewable provide and industrial demand. As hydrogen unlocks decarbonization for hard-to-electrify sectors, unbiased technical assurance will probably be key to accelerating deployment and constructing market confidence”.
Vallourec describes itself as offering tubular options for the vitality markets and for industrial functions comparable to oil and gasoline wells in harsh environments, new-generation energy crops, architectural tasks, and high-performance mechanical gear.
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