Virginia natural gas company RGC Resources Inc.'s chief executive expressed that the joint project building the USD 5.8 billion-USD 6.0 billion Mountain Valley gas pipeline from West Virginia to Virginia has finished the project by the end of 2021. That parallels what other organizations included in the project have expressed since they determined in January to renounce a nationwide license that encircled all stream crossings and rather ask individual licenses to cross the continuing approximately 430 streams.
Tenaris S.A. declared that it has entered into an explanative deal to gain from Mattr (MATR.TO) 100% of the shares of its subsidiary Bredero Shaw International BV, which gets Mattr’s pipe coating business, for USD 166 million (involving working capital), on a cash-free, debt-free basis, subject to traditional price adjustments. The business being gained comprises nine plants situated in Canada, Mexico, Norway, Indonesia, the UAE, and the US, and multiple mobile tangible plants. The business also comprises world-class R&D facilities in Toronto and Norway and an extensive IP/product portfolio.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 5534
Published Date: Feb 06, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The increasing demand and consumption for crude oil and natural gas in different industries will majorly drive the market growth of the onshore oil & gas pipeline market.
The market size of the onshore oil & gas pipeline market is expected to get a CAGR of almost 6% over the forecast period, i.e., 2024-2036.
The major players in the market are Europipe GmbH, Tenaris SA, Essar Group, Arcelor Mittal S.A., CPW America Co., Vallourec S.A., JFE Steel Corporation, American Cast Iron Pipe Company, Jiangsu Chang bao Steel Tube Co. Ltd., MetalurgicaGerdau S.A., Japex Pipeline Ltd., GEOSYS, Inc., TOHOKU NATURAL GAS Co., Inc., Fukushima Gas Power Co., Ltd.
The natural oil NGL segment is anticipated to reap the largest market size by the end of 2036 and show substantial growth scopes.
The market in the APAC region is expected to have the largest market share by the end of 2036 and provide more business opportunities in the future.