Stainless Steel Tubes for Extreme Offshore Conditions
At the ADIPEC in Abu Dhabi, Schoeller Werk will be presenting its comprehensive range of longitudinally welded stainless steel tubes. The focus will be on solutions for the oil and gas industry. The family company from Germany will be showing its high-load control line and chemical injection tubes specially for this sector. The expert for longitudinally welded stainless steel tubes is thus seeking to further expand its market presence in the Middle East.The international petroleum exhibition ADIPEC is the meeting place for the international oil and gas industry…
US Energy Companies Fume over Rejected Steel Tariff Exemptions
The U.S. Commerce Department recently granted a tariff exemption to oil major Chevron for its imports of 4.5-inch Japanese steel tubes for oil exploration.But the department rejected a similar request from Borusan Mannesmann Pipe to exclude 4.5-inch steel pipes imported from Turkey for casing used to line new oil wells.The reason: multiple U.S. steelmakers objected to Borusan's application, arguing they could supply the product, according to the department. Chevron drew no such objections.When U.S. President Donald Trump slapped a 25 percent tariff on imported steel this spring…
DONG Energy Set for Europe's Biggest Share Float This Year
Danish wind farm developer DONG Energy, which analysts value as high as $13 billion, said on Thursday it plans to list its shares on the Copenhagen stock exchange this summer. Having built more than a quarter of the world's offshore wind farms, the company is a major player in Britain and Germany and has recently opened offices in the United States and Taiwan to cater for new growth markets. With a potential valuation as high as 85 billion Danish crowns (11.4 billion euros), Dong Energy is set to be the…
Salzgitter Unit Halts Pipe Production for South Stream
Salzgitter said its joint venture Europipe has been told to halt production of steel tubes for the scrapped South Stream pipeline project, with the suspension to hit its earnings. Salzgitter said the impact was not yet quantifiable, but early estimates were that it would take a low double-digit million euro charge. Russia in early December abandoned the South Stream project, which was to supply gas to southern Europe without crossing Ukraine, citing European Union objections. It instead proposed an undersea pipeline to Turkey. (Reporting by Victoria Bryan, editing by William Hardy)
