By Pierre BertrandShares of Vallourec SA rose sharply in early Wednesday trading after the French steel-tubing company secured a 10-year agreement with Saudi Arabia's national oil company. The 10-year casing-and-services deal will partly cover the drilling operations of Saudi Arabian Oil Co., known as Saudi Aramco. Orders will be manufactured and delivered from the company's plant in Saudi Arabia, Vallourec said Tuesday. Two other orders from Saudi Aramco have already been received with deliveries scheduled for early 2023, Vallourec said. Write to Pierre Bertrand at pierre.bertrand@wsj.com(END) Dow Jones NewswiresSeptember 21, 2022 04:33 ET (08:33 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.

Source: Wall Street Journal September 21, 2022 20:38 UTC