Pipe Xch No Comments

Tenaris to Acquire IPSCO Tubulars from TMK

Tenaris S.A. (NYSE, Buenos Aires and Mexico: TS and MTA Italy: TEN) announced today that it has entered into a definitive agreement to acquire from PAO TMK, a Russian company and manufacturer of steel pipe, 100% of the shares of its wholly owned U.S. subsidiary IPSCO Tubulars, Inc., for US$1,209 million, on a cash-free, debt-free basis, which includes US$270 million of working capital.

The transaction is subject to regulatory approvals, including approval by the U.S. antitrust authorities, and other customary conditions.

Read more
Pipe Xch No Comments

Colorado oil and gas regulation: State Senate gives preliminary OK to bill proposing sweeping changes

When Senate Majority Leader Steve Fenberg and House Speaker KC Becker announced Senate Bill 19-181 on March 1, they said it was a comprehensive overhaul of how oil and gas are regulated, but also a common sense measure. It directs state regulators to put public health and safety first and gives cities and counties the option of overseeing oil and gas development in their borders.

Read more