Tenaris, Vallourec say drillers’ cost-saving moves affect mix
May 03, 2013 | 11:56 AM
| Thorsten Schier
NEW YORK A growing cost-savings drive by companies in the domestic drilling sector has had an impact on product mix, according to two large tube and pipe makers.
"Clearly, there is a push from the oil companies operating in the shale space to reduce their costs as much as they can, and we see some shift from full-premium connections to semi-premium connections," Paolo Rocca, chairman and chief executive officer of Tenaris SA, said during the Luxembourg-based companys first-quarter earnings conference call.....
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