Tenaris Expands Line Pipe Coating Business with Acquisition of isOplus Unit

Source: www.gulfoilandgas.com 7/3/2023, Location: Europe

With a $10 million investment, Tenaris has acquired the oil and gas division of the company isOplus, a producer of pre-insulated pipeline systems for district heating and anti-corrosion coatings in Europe.

The acquired business unit, now under the name of Tenaris Coating Italy, specializes in anti-corrosion coatings for oil and gas pipelines.

"This investment enhances Tenaris's value proposition in the offshore market," emphasizes Tenaris Vice President Line Pipe and Process, and President of the new company Andrea Previtali. "Through an integrated service package – under the name One Line™ – we can effectively support our customers in their most complex projects, coordinating the entire supply chain. This allows for reduced delivery times, ensures a high and consistent quality standard, minimizes logistical costs, and reduces the environmental footprint."

The anti-corrosion coating can be applied to line pipe from Tenaris's facilities in Italy, Mexico, Argentina and Brazil.

Norway >>  11/20/2023 - Equinor has awarded IKM Testing a four-year extension to a major framework agreement that covers all of Equinor's offshore installations and onshore f...

Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.