(Source: Shutterstock)
Luxembourg industrial supplier Tenaris completed a $182.6 million acquisition of Canadian technology company Mattr’s pipe coating business unit, according to a Nov. 30 press release.
The acquisition includes nine plants in Canada, Mexico, Norway, Indonesia, the UAE and the U.S., the release stated. Also included in the deal are several mobile concrete plants, Canadian and Norwegian R&D facilities and an IP/product portfolio.
According to the release, the deal includes an estimated working capital and $16.9 million in cash.
Recommended Reading
Hess Corp. Bucks E&P Trend, Grows Bakken Production by 7%
2025-01-29 - Hess Corp. “continues to make the most of its independent status,” delivering earnings driven by higher crude production and lower operating costs, an analyst said.
BP Forecasts Dip in First-Quarter Upstream Production
2025-04-13 - BP anticipates a quarter-over-quarter decline in upstream production when it reports earnings later this month.
BP Pledges Strategy Reset as Annual Profit Falls by a Third
2025-02-11 - BP CEO Murray Auchincloss pledged on Feb. 11 to fundamentally reset the company's strategy as it reported a 35% fall in annual profits, missing analysts' expectations.
What's Affecting Oil Prices This Week? (Feb. 3, 2025)
2025-02-03 - The Trump administration announced a 10% tariff on Canadian crude exports, but Stratas Advisors does not think the tariffs will have any material impact on Canadian oil production or exports to the U.S.
Utica Oil Player Ascent Resources ‘Considering’ an IPO
2025-03-07 - The 12-year-old privately held E&P Ascent Resources produced 2.2 Bcfe/d in the fourth quarter, including 14% liquids from the liquids-rich eastern Ohio Utica.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.