Tenaris SA Company News

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Tenaris to Cut Headcount, Close Select US Locations
Wednesday, April 15, 2020The facilities have been or will be temporarily closed until market conditions improve.

Tenaris Embarks on US Expansion
Friday, January 03, 2020Tenaris S.A. has acquired U.S. steel pipe manufacturer IPSCO Tubulars, Inc. from PAO TMK for nearly $1.1 billion in cash.

$3.6B ADNOC Contracts Go to Tenaris, Others
Wednesday, August 21, 2019ADNOC awards contracts for casing and tubing.

Tenaris to Cut Production and Staff at Canadian Facility
Thursday, November 29, 2018Tenaris is decreasing production and cutting staff at its AlgomaTubes facility due in part to increases in imports to Canada because of the Trump administration's steel tariffs.

Tenaris to Resume Operations at Texas Mill, Hire 150 Workers
Thursday, June 21, 2018After years of inactivity due to the downturn, Tenaris has announced it will resume operations at a mill in Texas.

Tenaris Joins Archer, Marathon in Cost Cuts, Layoffs
Tuesday, February 24, 2015Oil companies Tenaris, Archer and Marathon Oil plan to cut company costs and reduce their workforce as a result of the oil market crisis.

First Movers in Eco-Drilling: Going 'Dope'-less
Wednesday, April 25, 2012"Dope," a thread compound used to bind together huge strings of tubular goods in O&G drilling operations, can now be replaced with safer, environmentally benign "dopeless" connection technology to eliminate related hazardous waste and more.

Tenaris, PCC Snag Supply Contract for Saudi Aramco Proj.
Tuesday, September 20, 2011Tenaris and PCC have been awarded a milestone contract to supply 9-5/8" Range-3 Corrosion Resistant Alloy (CRA) tubing for Saudi Aramco's Arabiyah & Hasbah offshore gas development project.

Venezuela Assumes Operational Control Over Tavsa
Tuesday, November 17, 2009PDVSA has formally assumed exclusive operational control over the assets of Tavsa, Tubos de Acero de Venezuela S.A. ("Tavsa").

Tenaris Sees Mexico Pemex Reducing Chicontepec Activity in '10
Friday, November 06, 2009Steel-tube manufacturer Tenaris on Friday said it sees Mexican state oil company Pemex reducing its emphasis the Chicontepec basin in 2010 as it develops its production strategy.

Tenaris Confirms Venezuela's Takeover of Matesi
Thursday, August 20, 2009Tenaris announced that Venezuela, acting through the transition committee appointed by the Venezuelan Ministry of Basic Industries and Mining, unilaterally assumed exclusive operational control over the assets of Matesi.

Venezuela Nationalizes Tenaris' Subsidiaries
Friday, May 22, 2009Venezuela has nationalized Tenaris' majority-owned subsidiaries Tavsa, Tubos de Acero de Venezuela S.A. and Matesi, Materiales Siderurgicos S.A. and its minority interest in Complejo Siderurgico de Guayana, C.A.

Tenaris Posts 1st Quarter 2009 Results
Thursday, May 07, 2009Tenaris S.A. announced its results for the quarter ended March 31, 2009 with comparison to its results for the quarter ended March 31, 2008.

Tenaris Completes Acquisition of Seamless Pipe Indonesia Jaya
Thursday, April 30, 2009Tenaris has completed the previously announced acquisition from Bakrie & Brothers TbK, Green Pipe International Limited and Cakrawala Baru of a 77.45% holding in Seamless Pipe Indonesia Jaya.

Tenaris' 3Q Operating Results Reach Quarterly High
Friday, November 07, 2008Tenaris has announced its results for the quarter and nine months ended September 30, 2008 with comparison to its results for the quarter and nine months ended September 30, 2007.

Tenaris Plans to Up Production Capacity at Mexico Facilities
Wednesday, September 03, 2008Tenaris plans to increase its production capacity by installing a state-of-the-art small diameter rolling mill at its industrial facilities located in Veracruz, Mexico.

OMS Measures Up for Innovation Award
Wednesday, March 19, 2008The UK company, which specialises in precision measurement services and tools for the oil and gas industry, has just scooped its third prestigious Pipeline Industries Guild award.

Tenaris to Sell Hydril Pressure Control Business to GE
Monday, January 28, 2008Tenaris has entered into an agreement with GE pursuant to which it will sell the pressure control business acquired as part of the Hydril transaction to GE for an amount equivalent on a debt-free basis to $1,115 million.

Tenaris Reports Solid Results for 2Q07
Monday, August 06, 2007Tenaris says results in the second quarter continue to reflect a solid operating performance. Net sales were up 41%, operating income up 13% and earnings per share up 5% year on year.

Statoil Seals Steel Deals for Drilling, Developments
Friday, May 18, 2007New framework agreements worth an estimated NOK 13.2 billion will secure Statoil's need for casings, tubing and pipeline steel for the next five years.

Tenaris to Complete Hydril Acquisition Early Next Week
Thursday, May 03, 2007Tenaris S.A. and Hydril Co. said that, following the vote Wednesday by a majority of Hydril's stockholders in favor of the proposed acquisition by Tenaris, the acquisition should be completed on May 7, 2007.

Hydril Reports Healthy Q1 Earnings Growth
Wednesday, April 25, 2007Hydril reported earnings for the first quarter ended March 31, 2007 of $1.09 per diluted share, up 2% sequentially from $1.07 reported in the fourth quarter of 2006, and up 16% from $0.94 reported for the first quarter of 2006.

Tenaris to Acquire Hydril
Monday, February 12, 2007Tenaris S.A. and Hydril Company have entered into a definitive merger agreement pursuant to which Tenaris will acquire Hydril for US$97 per share of Hydril's common stock and US$97 per share of Hydril's Class B common stock, payable in cash.

Tenaris Completes Sale of Dalmine to E.ON
Friday, December 01, 2006Tenaris S.A. said Friday that it has completed the sale of a 75% participation in Dalmine Energie, its Italian energy supply business, to E.ON Sales and Trading GmbH (EST), a wholly-owned subsidiary of E.ON Energie A.G.

Acquisition of Maverick Tube Corporation Completed
Friday, October 06, 2006Maverick Tube has completed its merger with a subsidiary of Tenaris S.A., the leading global manufacturer and supplier of tubular products and services.

Maverick Tube Shareholders Approve Tenaris Merger
Tuesday, October 03, 2006Maverick Tube says its stockholders have approved the previously announced merger with a subsidiary of Tenaris S.A. at a special meeting held on Monday, October 2nd.

Confab to Supply Tubes for Pipeline Expansion
Wednesday, September 20, 2006Brazilian steel tube maker TenarisConfab will supply some 632km worth of tubes to expand the capacity of Argentina's north-south gas pipeline network, Confab told Sao Paulo's Bovespa stock exchange.

Maverick Tube Receives Colombian Clearance for Tenaris Merger
Tuesday, September 19, 2006Maverick Tube reports that the Colombian Superintendence of Industry and Commerce has completed its review of the proposed merger with Tenaris S.A. and has cleared the proposed merger without conditions.

Tenaris to Sell Participation in Dalmine Energie to E.ON
Thursday, September 14, 2006Tenaris S.A. has signed a letter of intent with E.ON Sales and Trading GmbH, an indirect subsidiary of E.ON AG, for the sale to E.ON of a 75% interest in Dalmine Energie for a purchase price of approximately EUR39 million (approx US$50 million).

Tenaris Receives Clearance for Maverick Tube Merger
Thursday, August 03, 2006Maverick Tube Corp. said late Wednesday that the Canadian Competition Bureau has completed its review of the proposed merger with Tenaris S.A. under the Competition Act (Canada).

Tenaris Acquires Maverick Tube in a Cash Deal
Tuesday, June 13, 2006Tenaris and Maverick Tube have entered into a definitive merger agreement in which Tenaris will acquire Maverick for US$65 per share in cash.

Tenaris Completes Acquisition of Acindar Welded Pipe Plant
Tuesday, January 31, 2006Tenaris S.A. says that, through its Argentine welded pipe subsidiary, Siat S.A., it has completed the acquisition of the welded pipe assets and facilities of Acindar Industria Argentina de Aceros S.A.

Fitch Ratings Upgrades Tenaris to 'BBB'
Friday, March 18, 2005Fitch Ratings has upgraded the long-term senior unsecured rating of Tenaris S.A. to 'BBB' from 'BBB-'.

Tenaris to Invest in Energy Provision in Italy
Thursday, September 16, 2004Tenaris reports that its board of directors has approved an investment to construct a gas-fired 124 MW combined heat and power plant in Dalmine, Italy with an estimated cost of approximately EUR109 million (US$130 million).

Tenaris Acquires Romanian Seamless Pipe Producer
Tuesday, July 27, 2004Tenaris S.A. reports that following a swift negotiation it acquired Tubman International Ltd., the company that holds 84.86% of the equity of the Romanian company S.C. Silcotub S.A. and controlling interests in three minor subsidiaries.

Tenaris Settles Lawsuit with BHP Billiton Consortium
Wednesday, December 31, 2003Tenaris S.A. has reached a full and final settlement has been reached in connection with the lawsuit brought against its Italian subsidiary, Dalmine SpA, by the consortium led by BHP Billiton Petroleum Ltd.

Tenaris and Tianjin Explore Chinese Joint Venture Initiative
Thursday, December 04, 2003Tenaris and Tianjin Pipe have signed a memorandum of cooperation to enter into a strategic alliance under which they would establish joint ventures to build a pipe threading facility and a plant manufacturing accessories for use in oil extraction and production.

Tenaris Sees Success with TenarisBlue on Ekofisk Well
Thursday, October 23, 2003Tenaris has successfully run its TenarisBlue Dopeless connection at the ConocoPhillips' Ekofisk X50 well in the Norwegian sector of the North Sea.