Oil & Gas

Tenaris closes $1.1bn deal to buy pipemaking rival


The steel pipe maker Tenaris is making a billion-dollar bet on the health of the energy industry after acquiring a Houston manufacturer that specializes in making pipes and equipment for oil and gas wells.

North Sea

Tenaris win Statoil Mariner contract


Tenaris has netted a contract to work on Statoil’s massive Mariner project in the North Sea which will lead to the creation of up to 20 jobs in Aberdeen. The tubing and casing manufacturer will provide connections as well as associated services from its UK base in Aberdeen. Last month, Statoil awarded Baker Hughes a contract for production chemicals and services for the Mariner field.