Vallourec, a key player in the energy markets, recently announced a significant contract in Qatar valued at over $50 million to supply oil country tubular goods (OCTG) for drilling operations, supporting the country's plans to boost oil and LNG production by 2030. This aligns with the Qatari government's goal of increasing oil production by 19% and LNG production by 85% in the next decade. Additionally, Vallourec's Delphy hydrogen storage solution received official qualification from DNV, allowing for the safe storage of up to 100 tons of hydrogen underground. The solution targets green hydrogen and industrial sectors, with potential revenue from projects globally estimated at $2.3 billion. Vallourec has already signed memorandums of understanding for Delphy with H2V and NextChem Tech, indicating a strong interest in the innovative storage solution. The company anticipates significant growth in demand for Delphy driven by European regulations and the French hydrogen strategy. Vallourec's Chairman emphasized the company's commitment to offering unique energy solutions and supporting global decarbonization efforts. DNV also praised the safety and scalability of Delphy, highlighting its importance in bridging renewable supply with industrial demand as the global hydrogen sector expands.