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Vallourec SA Likes US Shale Oil Drill...

by tubelinks on 10/01/2013 - 04:02 pm
Tag: Press Release

Vallourec SA, in the midst of seeing Brazilian demand drop and affect the steel-tube company’s bottom line, is nonetheless somewhat optimistic on shale oil drilling in the United States – but not so hot on shale gas, as prices remain depressed.

“The company said in a statement that it saw no signs of recovery in shale gas drilling in the United States, but was positive it could take advantage of shale oil drilling,” reported Reuters. ‘… The product mix driven by shale oil drilling is evolving towards lower-margin semi-premium connections,’ Vallourec said in a statement after an investor conference in Pittsburgh. Vallourec m ...

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