Varel Energy Solutions

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Founded in 1947, Varel Energy Solutions is one of the world’s largest independent manufacturer and suppliers of downhole drilling and completions products to the energy sector. Headquartered in Houston, TX, VES services oil & gas, renewal energy, and industrial markets with its comprehensive suite of roller cone and fixed cutter drill bits as well as a complete portfolio of primary cementing equipment. The company employs more than 1,000 people and has manufacturing facilities in Matamoros, Mexico, Aberdeen, Scotland, Ibos, France, Dammam, Saudi Arabia, Kurgan, Russia, Houston, TX (starting 2021) as well as sales offices throughout the world. VES’s proprietary design capabilities, efficient manufacturing, and global sales force uniquely position the company to provide high-quality downhole solutions delivering reliable performance and a superior customer experience.

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0.19

Overall Excellence Rating

Industry

Gas & Mining, Oil

Category

Oil & Gas

ESG/Ethical Impact

Our approach to business is guided by our Cultural Framework and a set of core strengths – which together, creates a customer experience that is unmatched. What we do is important but how we do it sets us apart. We design SAFETY and SUSTAINABLE DEVELOPMENT into every action we take. It is more than a high priority. It is a VALUE. Our commitment is to identify hazards and relentless improvement for a safe working culture as well as operate with accountability for the preservation of our planet’s future. Our commitment to live and work in a culture that actively pursues opportunities for growth and improvement while being accountable for the preservation of our planet’s future. Active deployment of training, learning and development opportunities for all employees with intent to enrich a professional and personal livelihood. Deliberate actions to improve our land environment by planting trees in key oilfield regions around the world. Actively measuring and monitoring VES’s carbon emissions with applies initiatives to reduce our footprint every year.

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Awards Received

2023

Revenues

105200000.00

Website Traffic

Employee Rating

3.70

Customer Rating

3.00

Company Size

1000-5000

ESG Risk Rating

3.00

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