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Vallourec Secures Two OCTG Contracts in Iraq with CNOOC and with PetroChina
Globenewswire· 2025-07-08 05:30
Core Viewpoint - Vallourec has secured two contracts to supply Oil Country Tubular Goods (OCTG) to CNOOC and PetroChina in Iraq, with potential revenue exceeding $130 million [1][2]. Group 1: Contracts and Deliveries - The contracts involve the supply of carbon steel and Super-13Cr steel OCTG products featuring VAM premium connections, with deliveries planned throughout 2025 and 2026 [2]. - These contracts are aimed at supporting the increasing drilling activities in Iraq, reflecting Vallourec's capability to meet the specific technical requirements of both operators [2]. Group 2: Market Context - Iraq is home to some of the largest oil reserves globally, with super-giant oil fields being developed by international oil and gas companies, leading to a rising demand for premium OCTG materials [3]. - The Iraqi Ministry of Oil has announced plans to increase the country's oil production capacity from 4.1 million barrels per day (bpd) in 2025 to 6 million bpd by 2029, indicating a growing market for Vallourec's products [4]. Group 3: Company Competitiveness - Vallourec's ability to supply significant quantities of premium materials in a short timeframe has been recognized by CNOOC and PetroChina, highlighting the company's competitiveness in the market [4]. - The VAM connections provided by Vallourec are increasingly praised for their robustness and ease of use, establishing them as a standard choice for operations in Iraq and the Middle East [4].
OMS Energy Technologies Inc. to Share Strategic Insights at the Third Annual ORY APAC-US Conference on Long-Term Growth
Globenewswire· 2025-07-03 10:00
Core Insights - OMS Energy Technologies Inc. CEO How Meng Hock will participate in a leadership panel at the Third Annual ORY APAC-US Conference on July 8-9, 2025, in Singapore [1][2] - The panel session is titled "The Long Game: Building Businesses with Staying Power," focusing on navigating economic cycles and delivering sustainable long-term value [2] Company Overview - OMS, founded in 1972, has established itself as a trusted partner in key energy markets across Asia Pacific, MENA, and West Africa [3] - The company has been led by CEO How Meng Hock since 2014 and successfully listed on Nasdaq in May 2025, continuing to accelerate growth through strong operational capabilities [3] - OMS is committed to deepening customer relationships and investing in advanced manufacturing and R&D to drive innovation and sustainable growth [3][5] Conference Details - The conference is co-hosted by Ortoli Rosenstadt LLP and the Nasdaq Stock Market, serving as a platform for global collaboration on innovation and capital market strategy [4] - It brings together financial professionals, investors, and corporate leaders for high-level discussions and strategic networking [4]
OMS Energy Technologies Inc. to Share Strategic Insights at the Third Annual ORY APAC-US Conference on Long-Term Growth
GlobeNewswire News Room· 2025-07-03 10:00
Core Insights - OMS Energy Technologies Inc. is a growth-oriented manufacturer specializing in surface wellhead systems and oil country tubular goods for the oil and gas industry [1][5] - The CEO, Mr. How Meng Hock, will participate in a leadership panel at the Third Annual ORY APAC-US Conference, focusing on sustainable business practices [2][4] - OMS has been operational since 1972 and has established itself as a trusted partner in key energy markets across Asia Pacific, MENA, and West Africa [3] Company Overview - OMS Energy Technologies Inc. was founded in 1972 and has grown to serve critical energy markets in Asia Pacific, MENA, and West Africa [3] - The company has 11 strategically located manufacturing facilities that ensure rapid response times and customized solutions [5] - OMS focuses on deepening customer relationships and investing in advanced manufacturing and R&D to drive innovation and sustainable growth [3][5] Recent Developments - Mr. How Meng Hock has been the CEO since 2014 and oversaw the company's successful Nasdaq listing in May 2025 [3] - Following the IPO, OMS continues to accelerate its growth, supported by strong operational capabilities and a commitment to engineering excellence [3] - The conference co-hosted by Ortoli Rosenstadt LLP and the Nasdaq Stock Market aims to foster global collaboration and dialogue on innovation and capital market strategy [4]
Vallourec Secures a Significant OCTG Order with Abu Dhabi National Oil Company (ADNOC)
Globenewswire· 2025-06-30 05:30
Press Release VALLOUREC SECURES A SIGNIFICANT OCTG ORDER WITH ABU DHABI NATIONAL OIL COMPANY (ADNOC) Meudon (France), June 30, 2025 – Vallourec, a world leader in premium seamless tubular solutions, has secured a significant order from Abu Dhabi National Oil Company (ADNOC) for the supply of more than 30,000 tons of carbon steel tubulars and associated accessories featuring VAM® premium connections. This order is part of the ongoing Long-Term Agreement (LTA) for the supply of Oil Country Tubular Goods (OCTG ...
OMS Energy Technologies Inc. Issues Post-IPO Operational Update Featuring Customer Growth, Expansion Initiatives and R&D and Safety Achievements
Globenewswire· 2025-06-16 12:15
SINGAPORE, June 16, 2025 (GLOBE NEWSWIRE) -- OMS Energy Technologies Inc. (“OMS” or the “Company”) (Nasdaq: OMSE), a growth-oriented manufacturer of surface wellhead systems (“SWS”) and oil country tubular goods (“OCTG”) for the oil and gas industry, today provided a business update outlining its recent accomplishments as the Company prepares for its inaugural earnings call following its successful Nasdaq listing in May 2025. Operational Highlights New order win in Angola and renewed contract in Thailand; S ...
OMS Energy Technologies Inc. Announces Pricing of Initial Public Offering
Globenewswire· 2025-05-13 12:45
Company Overview - OMS Energy Technologies Inc. is a growth-oriented manufacturer specializing in surface wellhead systems and oil country tubular goods for the oil and gas industry [6] - The company serves both onshore and offshore exploration and production operators across six vital jurisdictions in the Asia Pacific, Middle Eastern, and North African regions [6] - OMS operates 11 strategically located manufacturing facilities to ensure rapid response times and customized technical solutions [6] Initial Public Offering (IPO) Details - OMS announced the pricing of its initial public offering of 3,703,704 ordinary shares at a public offering price of US$9.00 per share, totaling US$33.3 million [1] - The ordinary shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol "OMSE" on May 13, 2025, with the offering expected to close on May 14, 2025 [2] - The underwriter has a 45-day option to purchase up to 555,555 additional ordinary shares at the public offering price [2] Financial Advisory and Regulatory Information - Roth Capital Partners acted as the sole manager for the offering, while Joseph Gunnar & Co., LLC served as the financial advisor [3] - A registration statement related to the securities has been filed with the U.S. Securities and Exchange Commission and was declared effective on April 28, 2025 [3]
Vallourec Awarded a Major Contract by Kuwait Oil Company
Globenewswire· 2025-04-28 05:30
Core Points - Vallourec has secured a major contract with Kuwait Oil Company (KOC) for the supply of Oil Country Tubular Goods (OCTG), representing over $130 million in potential revenue [2][4] - The contract includes the delivery of carbon steel OCTG products with premium connections and proprietary steel grades, scheduled for delivery in 2025 and 2026 [3] - Vallourec has a historical presence in Kuwait and has been a reliable supplier to KOC, supporting the company's plans to increase oil production to 4 million barrels per day by 2035 [4][5] Company Overview - Vallourec is a world leader in premium seamless tubular solutions for energy markets and demanding industrial applications, employing nearly 13,000 employees across more than 20 countries [5] - The company focuses on innovative, safe, competitive, and smart tubular solutions, catering to various sectors including oil & gas, power plants, and architectural projects [5] - Vallourec is listed on Euronext in Paris and is part of several indices, including CAC Mid 60 and SBF 120 [6]