Tenaris invests USD 10 million in Nigeria, stock after-hours at EUR 49.60: minus 2.07 percent
Published on 10/07/2026 at 18:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Tenaris said on October 2, 2026, that it had invested approximately USD 10 million to refurbish its five-layer thermal insulation line in Onne, Nigeria. The stock was at EUR 49.60 after-hours at 6:43 p.m. CEST on October 7, 2026, down 2.07 percent versus the Lang & Schwarz prior close of EUR 50.65.
After-hours trading
Lang & Schwarz quoted Tenaris at EUR 49.60, with a bid of EUR 49.20 and an ask of EUR 50.00. The price was EUR 1.05 below the prior close at Lang & Schwarz. The further course of after-hours trading at Lang & Schwarz until 11:00 p.m. CEST is shown by the continuously updated real-time quote of Tenaris stock.
Investment in Nigeria
In its October 2 release, Tenaris said the upgraded plant supported the coating campaign for the Bonga North deepwater project. The company said the project was completed on an accelerated schedule and involved waters exceeding 1,000 meters in depth. Tenaris also marked 25 years of operations in Nigeria.
Canadian production
Tenaris said in a September 30 release that it had begun domestic production of its TN 95EY proprietary steel grade at the Sault Ste. Marie Industrial Centre in Ontario. The grade is designed for demanding oil and gas applications, including high-pressure and high-temperature wells and sour-service applications. Tenaris said its Canadian operations have more than 1,300 employees.
