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Pakistan Has Issued Tenders for the C...

by tubelinks on 04/29/2012 - 05:21 pm
Tag: Projects

The tenders were issued after solid commitment from Tehran to extend $500 million credit line for the project, a senior official at the ministry of petroleum and natural resources told The News.  

 

Iran is desperate to sell gas to Pakistan, as it faces tough economic sanctions from the US and the Western countries over its nuclear programme.   A consortium headed by the Industrial and Commercial Bank of China (ICBC) has already refused to provide financial advisory services for the project mainly because of the severe US opposition. As per the draft agreement for the contractor prepared by the Inter-State Gas Company, a copy of which is available with The News, th ...

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Tenaris 1Q Net Up 40% On Tubing Busin...

by tubelinks on 04/26/2012 - 08:53 pm
Tag: Press Release

Tenaris S.A.'s first-quarter earnings rose a  better-than-expected 40% as the steel-tube maker saw sales in its key tubing  business rise along with margins.

Rising drilling activity has boosted results for the maker of steel pipes,  many of which are used by the oil and gas industry. The company has forecast  higher sales this year to oil and gas customers, particularly of premium  products, but sees lower dry gas drilling activity. The company is based in  Luxembourg, but has a strong presence in Argentina.

Tenaris reported a profit of $453.4 million, or 75 cents an American  depositary share, up from $324.2 million, or 54 cents an ADS, a year earlier.& ...

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As Demand Rises, Ohio’s Steel Mills S...

by tubelinks on 04/25/2012 - 08:59 pm
Tag: Press Release

The Ohio steel industry, led by a drilling boom in the gas and oil industry and a resuscitated demand for cars and light trucks, is growing again. Steel makers across the state are racing to keep pace with plans to add a total of two million square feet of production space at a cost of $1.5 billion.       

At the Timken Company’s mill at Faircrest Street, orders for steel from domestic and export markets plunged so low in May 2009 that the plant operated just four days that month.       

Nearly three years later, with demand for steel soaring and the Faircrest mill operating around the clock, Timken has started bu ...

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Aker Solutions Secures Umbilical Cont...

by tubelinks on 04/25/2012 - 09:02 pm
Tag: Product Release

Aker Solutions has signed a contract with Woodside Energy Limited for the manufacture and supply of electro-hydraulic steel tube umbilicals (EHU) for the Greater Western Flank (GWF) Phase 1 project on the north-west coast of Australia. Contract value is undisclosed.

The scope of work includes project management, design, engineering, manufacturing and verification testing of two steel tube umbilicals at a total length of 17 kilometres. The contract also covers all associated ancillary equipment required for transportation to Australia and interface with the existing development.

"This contract highlights our strong presence for delivering world class products in the Australasian region and ...

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Man Group to Focus On Steel Pipe Manu...

by tubelinks on 04/25/2012 - 04:35 pm
Tag: Press Release

Man group is planning to exit its real estate business to focus on its core business of steel pipe manufacturing.The group, which has invested R350Cr in real estate via its subsidiary Man Infraprojects, will sell off its projects in 18 to 24 months, according to Financial Express.Founded in 2006, Man Infraproject is engaged in real estate management and development. It undertakes hospitality, residential, commercial, information technology park, and SEZ projects.

The Man Group promoted by the Mansukhani Family in the 1970s is a diversified group with its flagship company Man Industries (India) Ltd. It was incorporated in 1988; it commenced operations with the manufacturing of aluminium extr ...

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China Steel Output Hits Record High A...

by tubelinks on 04/24/2012 - 04:11 pm
Tag: Press Release

China’s daily crude steel output surged to a record of above 2 million tonnes in early April, sustaining last month’s rapid pace, although an industry group warned of a slow down in momentum due to moderating demand. A recent pickup in steel prices in China amid a seasonal recovery in demand spurred steelmakers in the world’s biggest producer and consumer to boost output.But analysts are wary about the strength of the recovery in demand, with steel prices struggling to rise amid signs that the overall economy is slowing down. China’s economy grew at its weakest pace in nearly three years in the first quarter.China’s crude steel production reached 2.031 million t ...

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Pipe Contract Secures Hartlepool Tata...

by tubelinks on 04/21/2012 - 02:35 am
Tag: Press Release

Tata Steel has been awarded the contract to supply the pipe for Enterprise Products Partners LP's crude oil export pipeline.

It will involve delivering more than 48,000 metric tonnes of steel pipe from its 42-inch mill in Hartlepool.

It said it would secure jobs at the site where more than 700 people work.

Tata Steel said the contract value was in the "high tens of millions of dollars".

It will provide 105 miles (169km) of 18-inch diameter line pipe. It will be laid at depths of up to 7,000ft.  The pipe is for the Lucius Development Project in the Gulf of Mexico's Keathley Canyon area.

Tata Steel director of sales and marketing Deirdre Fox said: "We have a long record of success wi ...

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Hunan Shengli Xianggang Steel Pipe Co...

by tubelinks on 04/19/2012 - 09:11 pm
Tag: Press Release

On the 19th of April, 2012, Hunan Shengli Xianggang Steel Pipe Co., Ltd (Hunan Shengli Steel Pipe), which is a majority-owned subsidiary of Shandong Shengli Steel Pipe Co., Ltd, held a ground-breaking ceremony for its production base of high-grade steel pipes for oil and natural gas transmission in Xiangtan Hi- tech Zone.

Present at the ceremony are Mr. Chen Sanxin, the Secretary of  Xiangtan Municipal Chinese Communist Party Committee, Ms. Zhou Fangliang, a member of the Standing Committee and Deputy Mayor of the city, Mr. Tan Wensheng, a member of the Standing Committee and Secretary- General of Xiangtan Municipal Chinese Commun ...

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Steel Tube Maker Ready to Grow

by tubelinks on 04/16/2012 - 05:04 pm
Tag: Projects

Lock Joint Tube is planning to spend $8 million to $9 million on new equipment and a building expansion at its property on Walnut Street, south of Sample Street.Company officials explained their plans to the South Bend Redevelopment Commission on Tuesday. They're applying to the city for a tax abatement.The new equipment will allow Lock Joint Tube to expand the types of products it makes, according to commission documents. The company is also planning a 30,000-square-foot building addition for more manufacturing, storage and shipping space.Lock Joint Tube estimates the project will create seven to 11 full-time jobs with a payroll of $210,000 to $330,000 in the first year of production and ma ...

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Voestalpine in Talks to Sell Petrobra...

by tubelinks on 04/15/2012 - 04:58 pm
Tag: Press Release

Voestalpine AG (VOE), Austria’s biggest steelmaker, is in talks to supply Petroleo Brasileiro SA (PETR4) with tube plate for deepwater pipes in the Atlantic basin off Brazil.

“Technically this isn’t possible today,” Voestalpine Chief Executive Officer Wolfgang Eder told reporters in Vienna. “One still needs a lot of preparation. We are in negotiations and in two years our development will be advanced enough to go down to 4,000 meters (13,000 feet).” The talks are exclusive, he said, declining to provide further details.

Voestalpine, based in Linz, said in its corporate blog on April 2 that its heavy-plate unit won the biggest order in its history for the ...

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