This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Shell Awards Enterprise Framework Agreement To MRC Global Inc.

HOUSTON, May 30, 2012 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) the largest global distributor of pipe, valves and fittings to the energy industry, today announced that it has signed a five year global Enterprise Framework Agreement (EFA) with Shell for the distribution of valves and automation services.

The global EFA covers Shell's upstream, midstream and downstream project and maintenance, repair and operations (MRO) requirements in North America, Europe, Asia, Australia, the Middle East and Africa.  The agreement also covers carbon steel, stainless and alloy pipe, fittings and flanges in the United States as well as stainless steel and alloy pipe, fittings and flanges in Canada.  Under this agreement, Shell expects that MRC will be the single-source provider for valves and the central distributor for the other products to Shell's business units in the specified areas. The agreement builds upon a long-standing relationship between MRC and Shell in the United States, Europe and Asia, where MRC has served as Shell's primary distributor of valves for the past 15 years. 

"We are pleased that Shell continues to place their confidence in MRC to supply their operations with these important products," MRC Chairman, President and CEO Andrew Lane said.  "Based on activity projections, this 5-year agreement represents the largest distribution contract that we have entered into with a global customer.  By providing a 'one-stop' distribution platform for these products, we will assist Shell in driving standardization of their PVF materials requirements throughout their global organization."

The EFA has a term of five years with an option to extend for another five years.

About MRC Global Inc. Headquartered in Houston, Texas, MRC, a Fortune 500 company, is the largest global distributor of pipe, valve, and fittings (PVF) and related products and services to the energy industry, based on sales, and supplies these products and services across each of the upstream, midstream and downstream sectors.  More information about MRC can be found at

Contacts: Will James, Vice President Corporate Development & Investor Relations will.james@mrcpvf.com832-308-2847

Ken Dennard, Managing Partner Dennard Rupp Gray & Lascar, LLC ksdennard@drg-l.com713-529-6600


1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASDAQ 5,108.6660 -18.8590 -0.37%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs