Drill Pipe Maker News

Vallourec Drilling Products Cuts Roughly 150 Jobs in Texas

, Vallourec said it was considering divesting its drilling products business. A representative from the company did not immediately respond to a request for comment. Vallourec's North American Drilling Products group has offices in Houston, Texas and Edmond, Oklahoma. Last week, rival drill pipe maker IPSCO Tubulars postponed an initial public offering due to adverse market conditions.   Reporting by Liz Hampto