Tenaris buys Baker Hughes assets in Argentina

Tenaris buys Baker Hughes assets in Argentina

Corporate & Sovereign Strategy M&A Latin America South America Argentina Europe United States Gas Oil

Tenaris, a global maker of steel pipes for the energy industry, has acquired fracking equipment from US-based oil services company Baker Hughes in Argentina, allowing it to step up its services in the Vaca Muerta shale deposit on an expected rise in activity. The deal includes a pressure pumping fleet, a coiled tubing unit and related equipment, the Luxembourg-based company said in a statement. The purchase "will enable us to become a relevant player in the onshore unconventional services sector

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