According to Nippon Steel, the agreement builds on a long-standing collaboration with Equinor in the energy sector.

“Over the past 35 years, Nippon Steel, together with Sumitomo Corp., has been supplying OCTG to Equinor for use in oil and gas development and carbon capture and storage projects, which contribute to the reduction of greenhouse gas emissions,” Nippon Steel said.

“The renewal of the contract is in recognition of the stable supply of high-performance OCTG supplied by Nippon Steel and Sumitomo Corp., product development tailored to customer needs, reliable just-in-time delivery services, and steady commitment to low carbon, safety and human rights compliance throughout our supply chain.”