Tenaris expects offset for falling ‘dry’ gas
Nov 10, 2010 | 12:05 PM
| Michael Cowden
Tenaris SA expects drilling for "dry" gas in North America to dip in the fourth quarter.
But the Luxembourg-based energy tubulars giant thinks that drop should be offset by increased activity in oil and "liquid-rich" gas drilling in an earnings outlook released last week.
Oil for December delivery was trading in the mid $80s Tuesday afternoon, according to the CME Group. Natural gas for the same month was trading just over $4 per mmBtu, the exchange reported.....
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