Tenaris says Q3 South American tube sales up 30% on year

摘要

Tenaris saw the value of its South American steel tube sales jumped to $334 million in the third quarter, up 30% from $256 million in Q3 2017, due to higher activity from private operators in Argentina, the Luxembourg-based company reported.“In Latin America, drilling activity has also increased during the year, particularly in Colombia and the new Guyana offshore play, and is slowly picking up in Mexico and the Vaca Muerta shale play in Argentina,” Tenaris said in its Q3 financial report late Wednesday.