Maritime Jobs
Wednesday, May 22, 2019

Vallourec Drilling Products Cuts Roughly 150 Jobs in Texas

Posted by February 13, 2018

Vallourec Drilling Products, a subsidiary of Paris, France-based steel pipe maker Vallourec , will lay off roughly 150 employees in Texas, according to a regulatory filing.

Vallourec specializes in making tubular products for the energy and other industrial sectors. It has about 19,000 employees worldwide.

The layoffs come as companies that supply equipment and services to the oilfield are still recovering from a three-year rout in oil prices. Although benchmark crude futures have traded above $60 a barrel for much of the year, they have fallen recently amid concerns of growing supply.

On Tuesday, West Texas Intermediate crude futures were trading around $58.74 a barrel.

In December, 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 Hampton
VallourecWest Texasenergy

Featured Jobs

Electronics Technician

Military Sealift CommandNorfolk, VA, USA

Cook Baker

Military Sealift CommandNorfolk, VA, USA

Refrigeration Engineer

Military Sealift CommandNorfolk, VA, USA

Chief Cook

Military Sealift Command

Steward Cook WM

Military Sealift Command

First Radio Electronics Technician (IAT)

Military Sealift Command

Chief Radio Electronics Technician

Military Sealift Command

Relief Captain Licensed

Golden Isles Cruise Lines, /dba Emerald Princess

Marine Mechanic

New York Cruise Lines

Assistant Storekeeper

Military Sealift Command

Featured Employers

Golden Isles Cruise Lines, /dba Emerald Princess

Emerald Princess II Casino is a 188 ft 100 ton vessel and cruises outside of Georgia waters so that

Military Sealift Command

The Military Sealift Command (MSC) is a United States Navy organization that controls most of the re

New York Cruise Lines

New York Cruise Lines (NYCL) is the preeminent marine-based sightseeing, dining, entertainment and t