TPT January 2012

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40 January 2012 ›
Industry news
Tungsten carbide
insert for outside
tube scarfing
HSS-DMo5 saw blades
& friction circular
saw blades
CON.T.R.A.S.T.
Impeder core for
high frequency
welding of tubes
Fiberglass pipes
for impeder
core
CON.T.R.A.S.T.
30026 PORTOGRUARO - Italy - Via Umbria, 15
Tel. ++39.0421.271699 Fax ++39.0421.770571
Expansion
of seamless
tubular
products
SUMITOMO Corporation has acquired a
19.47 per cent interest in V&M Two LLC, a
manufacturer of small diameter seamless
steel pipe based in Ohio, USA, from
Vallourec SA.
Development of unconventional energy
resource has recently been growing
in the US, including oil and gas shale
plays, for which production is expected
to expand over the medium- to long-
term. Concurrently, demand for the small
diameter seamless OCTG used in these
shale plays is increasing.
V&M2 will manufacture these pipes and
supply them to the major shale plays such
as Marcellus Shale in Pennsylvania, one of
the largest OCTG consuming areas in the
US.
V&M2 has commenced construction of
a production facility to manufacture small
diameter seamless steel pipes on a property
adjacent to the premises of V&M Star LP,
another Ohio-based seamless steel pipe
manufacturer, in which Sumitomo owns
a 19.47% interest. The initial investment
amount of the new steel pipe mill is
approximately $650mn.
It is scheduled to be completed for
operational launch by mid-2012 and
planned to go into full commercial operation
by the end of the year with an annual output
capacity of 350,000 tons.
By taking a stake in V&M2, Sumitomo
aims to enhance its seamless tubular
products business in the United States
and strengthen its long-term alliance
with Vallourec. In relation to this, V&M2
is planning to integrate its business with
that of V&M Star in the future. Sumitomo
intends to leverage this integration to
expand its business in the US market.
Sumitomo Corporation – Japan
Website:
Helping hand
OKLAHOMA-based Samson Investment
Company and a number of its peers in the
energy industry – including several pipe
companies – joined together late last year
to offer a helping hand to families in need.
Samson was one of the local sponsors of the
inaugural Oilfield Helping Hands Oklahoma
Golf Tournament, held at Meadowbrook Golf
Course in Tulsa.
Through fundraising events Oilfield
Helping Hands assists oilfield families in
critical need of financial support. OHH
focuses on raising money and keeping
costs down to help someone in the
immediate oilfield community. Funds raised
during the golf tournament – totalling over
$30,000 – will be donated to members of the
Oklahoma-based oilfield families who are in
critical need of financial assistance due to
major medical crises and other life-altering
events.
Oilfield Helping Hands – USA
Website: