Tenaris operates primarily through its Tubes segment, which encompasses the production and sale of steel tubular products and related services, mainly serving the oil and gas industry. This segment includes oil country tubular goods (OCTG) used in drilling operations, line pipe for transportation and processing activities, and mechanical and structural tubes for various industrial applications. The production process involves manufacturing and transforming steel into tubular products. Demand for these products is largely driven by the global oil and gas industry, with anticipated growth from low-carbon energy applications such as geothermal, hydrogen, and carbon capture and storage (CCS). Sales are made directly to end users, with exports managed through a centralized global distribution network and domestic sales conducted via local subsidiaries.
Additionally, Tenaris's 'Others' segment covers business activities related to oilfield and hydraulic fracturing services, production and sale of sucker rods, coiled tubing, tubes for plumbing and construction, and other energy and raw materials beyond internal requirements. The principal finished products include seamless and welded steel casing and tubing (OCTG), line pipe, and various mechanical and structural steel pipes manufactured to a wide range of specifications. Casing is used to support the walls of oil and gas wells during and after drilling; tubing transports crude oil and natural gas to the surface post-drilling; line pipe conveys crude oil and natural gas from wells to refineries, storage tanks, and distribution centers; and mechanical and structural pipes serve various general industrial applications.
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