Vallourec champions oil, gas in 2013

Feb 20, 2013 | 06:03 PM | Thorsten Schier

Tags  Vallourec, oil and gas, earnings report, Philippe Crouzet, Thorsten Schier

NEW YORK — Vallourec SA remains positive about the oil and gas markets globally, but especially in the United States, in 2013.

"Drilling activity in the U.S. is expected to progressively pick up from current levels, while indicators for the global oil and gas markets are positive," Philippe Crouzet, chairman of the Boulogne-Billancourt, France-based steel tube and pipe maker’s management board, said in a statement released with 2012 earnings.

However, drill rig activity this year is expected to remain below the average level seen in 2012, the company said.....

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