Vallourec said it has secured a large contract to supply Oil Country Tubular Goods for drilling operations in Qatar. The contract represents over $50 million in potential revenue. The deal includes the supply of carbon steel OCTG products with premium connections, to be delivered in 2026.
Philippe Guillemot, CEO of the Vallourec Group, said: "Vallourec has been a reliable supplier to operators in Qatar for decades. Vallourec will remain a key strategic partner in oil, gas or carbon capture, utilization and storage projects in Qatar for the coming years."
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.