As the oil and gas industry grapples with tariffs on imported steel and a byzantine process for bypassing them, the Independent Petroleum Association of America (IPAA) urged the Trump administration to “understand and address” the unintended consequences of both actions, especially the increased burden on the industry’s small businesses.
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Sumitomo Eyeing U.S. Onshore Growth in Takeover of OCTG Supplier Champions
Japan’s Sumitomo Corp. has set its cap to buy Houston-based Champions Cinco Pipe & Supply LLC, whose global oilfield business provides equipment to U.S. onshore customers.
March 22, 2018