Nippon Steel Corporation (Nippon Steel), together with Sumitomo Corporation, has renewed a long-term contract with Equinor ASA (Equinor) for the supply of OCTG to be used in Norway and internationally.
Nippon Steel, together with Sumitomo Corporation, has been supplying OCTG to Equinor for use in oil and gas development and carbon capture and storage (CCS) projects, which contribute to the reduction of greenhouse gas emissions. The renewal of the contract is in recognition of the stable supply of high-performance OCTG supplied by Nippon Steel and Sumitomo Corporation, product development tailored to customer needs, reliable just-in-time delivery services, and steady commitment to low carbon, safety, and human rights compliance throughout their supply chain.
In addition to its natural gas business, Equinor focuses on decarbonization projects such as CCS, hydrogen and ammonia, and wind power generation.
Through the stable supply of OCTG, Nippon Steel and Sumitomo Corporation will further expand their long-term collaboration with Equinor in the energy sector.
Courtesy of Nippon Steel.