Nippon Steel Corporation and Sumitomo Corporation have renewed a long-term contract with Equinor ASA for the supply of OCTG (Oil Country Tubular Goods) for up to 9 years, to be used in Norway and internationally.
For the past 35 years, Nippon Steel and Sumitomo Corporation have supplied Equinor with OCTG for oil and gas development and Carbon Capture and Storage (CCS) projects, aiding in greenhouse gas emission reductions. The contract renewal acknowledges the stable supply of high-performance OCTG, tailored product development, reliable just-in-time delivery, and commitment to low carbon, safety, and human rights compliance throughout the supply chain.