Varel International Energy Services (Varel), a long-standing provider of drilling and downhole solutions, revealed its redefining vision on Nov. 16 for business growth supported by a fresh, new brand enabling a strong narrative around Varel’s people, approach and customer experience.
The enterprise introduced Varel Energy Solutions (VES) as the new company name and image, effective immediately. The VES strategy is to be a leading value creator in the well construction energy sector. VES intends to strengthen its current solution offerings through strategic acquisitions and organic investment in highly adaptive, low-cost manufacturing.
“Despite the turbulent times around the energy sector and global economy, we have chosen to apply the last six months towards redefining our future through a new lens of generating value and creating impact,” Derek Nixon, Varel CEO, said. “Where our traditional customer activity is muted in the short term, there are significant opportunities for VES to grow, capitalizing on our core strengths of economical product innovation and precision contract manufacturing. There is no better time to rebrand our company while creating a renewed commitment for our employees and customers.”
“This is a major reset for the enterprise,” said Jayme Sperring, vice president of marketing and business development. “With over 70 years of heritage, it is still an untold story. The capabilities within this organization are profound, from the highly reliable products to the undeniable passion for winning throughout this team-driven culture. More than a new name and image, Varel Energy Solutions is well positioned to deliver higher value to our customers and stakeholders.”
Gas flowing to U.S. LNG export plants was on track for a record high on Nov. 25 as Cheniere Energy’s Corpus Christi plant in Texas pulled in enough fuel to supply its three liquefaction trains.
Costa Azul LNG plant in Mexico had waited all year for an export permit from the Mexican government.
If Venture Global goes forward with the proposed Plaquemines LNG export plant in Louisiana this year, it could be the only U.S. LNG project to enter construction in 2020.