NEW YORK Tenaris SA will
supply Brazilian oil company Petróleo Brasileiro SA
(Petrobras) with large-diameter casing pipe with premium
connections for use in deepwater applications for the next five
Tenaris products "can increase
the efficiency of running operations in these challenging
offshore conditions," Luxembourg-based Tenaris said.
Petrobras recently entered into
a five-year deal with pipe and tube maker V&M do Brasil SA,
a subsidiary of Boulogne-Billancourt, France-based Vallourec
SA, covering seamless pipe, steel grades and connections used
for offshore oil and gas production (amm.com, Jan.
Rio de Janeiro-based Petrobras plans to spend about $236.5
billion between 2012 and 2016, including $141.8 billion for
energy exploration and production.