ADR Program | Tenaris S.A.
we develop solutions to meet the needs of ever more demanding E&P supplied and supported by Tenaris, the volume allows excessive dope to be lodged. The Company has announced that the Company's Annual General Meeting of 1 Dalmine (BG), Attn: Teresa Gaini and/or Massimo Angeli; and (iii) . In order to avoid the possibility of double vote, the Tenaris S.A. ADRs books will be .. Net sales in our seamless pipes business rose 6% on stable volume helped by. (fanfic: Earthsea Trilogy, Volume III: The Farthest Shore) Ged said then that it has been a long time since he last saw Tenar and wanted to I hope you enjoy reading it and inspire you to get a copy of the Earthsea books. . The news, I guess, would be met by grief by whoever receives it and will speed its.
In December, we concluded an agreement with Tianjin Pipe Corporation of China under which we have agreed to study joint ventures to establish a pipe threading facility and a plant manufacturing accessories used in oil extraction at Tianjin.
We have developed high strength, heavy wall line pipe which responds to the stringent technical requirements and proprietary specifications of our customers and the move towards new project development in ultra-deep water environments.
In addition, Tenaris has expanded the range of services and accessories it supplies with its products. In November, we concluded a strategic alliance with Socotherm, a leading global supplier of pipe coating services, which will help us to provide specialist coating solutions and further simplify the supply chain. We also established a new welding research and development center at our plant in Veracruz where we will concentrate on investigating the weldability of new products and developing welding techniques.
Already our comprehensive welding database is available to customers. Petrochemical project activity increased with most of the new activity centered on the Middle East and China.
We won orders for several important projects in these active regions and we were the main piping supplier to the Nanhai petrochemical project owned by CSPC, a joint venture between Shell and CNOOC, which is the largest such complex in China. The frame agreements made the previous year with Snamprogetti and Technip, under which we provide project management services, are working well and we expect to renew them in The LNG market continues to grow strongly.
Our emphasis on working closely with engineering companies from the early stages of a project by providing a project management package involving material planning and expediting services, mill load scheduling and guaranteed ontime delivery of pipes, fittings and flanges, is enabling us to become the main piping supplier for several important projects in this area.
The power generation market was weak through most of the year but demand began to increase at the end of the year particularly in China. Boiler makers in Shanghai and other parts of China are showing strong interest in our ability to offer a complete pipe package including our newly-developed T91 and T23 highalloy pipes.
Industrial production activity in the European market remained weak during the year with sluggish domestic consumption and difficulties in the export sector associated with a strengthening currency. A strategy of providing services to larger end user customers and serving small lot customers through exclusive regional distributors, implemented initially in Italy, is helping Tenaris to maintain its market share in the European market in spite of competition from low-cost producers in East Europe.
Elsewhere, sales in the North American market rose slightly and increased in Korea where we opened a new commercial office while sales to the industrial sector in Japan remained stable. Given this growth we are relocating the auto components facility we established in the Veracruz plant to a new and larger site. Tenaris is one of the first companies in its sector to obtain this quality certification. Our research and development for the sector has focused on specific activities to improve formability and machinability of materials and on developing our knowledge of engineering properties such as toughness and fatigue resistance.
However, investment in gas wells remained minimal due to low gas prices.
Industrial activity is recovering after four years of recession led by the agricultural sector and import substitution. Demand for compressed natural gas cylinders has also been increasing as the cost of natural gas remains substantially lower than alternative fuels. Welded pipes was a disappointing year for our welded pipe business following on as it did from one in which we supplied pipes for several large South American oil and gas pipeline projects, including OCP in Ecuador, Camisea in Peru and Gasyrg in Bolivia.
Expectations in Brazil, where we had orders for the Campinas-Rio Malha Sudeste and Garoupa-Barra do Furado PDEG Offshore pipeline projects, were frustrated in the second half of the year when many deliveries were suspended due to delays in issuing necessary environmental clearances.
In Argentina, low and regulated gas transportation tariffs have brought new investment in this sector to a halt.
The Tombs of Atuan - Wikipedia
After starting operations in the beginning offollowing the partial deregulation of the Italian energy industry, our subsidiary, Dalmine Energie, now supplies energy to more than 1, customers with an annual consumption of around 3. It offers these and other customers tailor-made packages combining the supply of electricity, natural gas and a range of value-added services such as energy optimisation advice, on-site maintenance, telecom reselling and risk management.
In a market which until recently was a public monopoly, Dalmine Energie has been quick to offer flexible energy supply options and has played a key role in shaping and defining the evolution of interruptible power contracts.LOTRO Bullroarer Volume III Book 7 Chapter 8 Two Hobbits
It has developed a thriving energy appliance and networks maintenance service and is starting to provide operating and maintenance services for on-site power and cogeneration plants. Its website, which acts as a user-friendly, interactive, transparent online customer interface, is a key focus and is highly appreciated by customers. The business is also focused on risk management and does not engage in energy trading activities for its own account.
Hedging and similar risk management techniques are employed solely in relation to managing risks in its main supply and service activities.
As a long-term industrial project, the essential framework governing its relations with its communities was established many years ago. Tenaris applies a Code of Conduct that establishes the ethical principles forming the basis for relations between the company, its employees, suppliers and other stakeholders.
All employees in positions of responsibility are required to sign a conflict of interests declaration and communication channels have been established so that employees can register any concerns on a confidential basis. Le Guin suggests that true power is not only about authority and mastery, but trust and collaboration. He saw the former as depicting individual action in a favorable light, in contrast to works such as " Vaster than Empires and More Slow ". The protagonists of her stories, with the exception of Tenar, were all dark-skinnedin comparison to the white-skinned heroes more traditionally used.
Ged's arrival acts as a turning point, and the rest of the book explores the possibility of change, and introduces different perspectives on the internal world of the novel. It has drawn comparisons to the character of Alvin in Arthur C.
Clarke 's novella The City and the Stars. These books, along with Tehanu, have sometimes been referred to as a second trilogy. Le Guin expressed strong displeasure with the result, which she said had " whitewashed Earthsea".
The general idea seems to be that the more magic you use, the more you'll end up disturbing the natural equilibrium, with potentially disastrous consequences. Thus, while great feats of magic are occasionally performed in the books usually to vanquish those who willingly upset the equilibriumthey are few and far between, and not nearly as prominent as they are in other fantasy series.
Ultimately, LeGuin says, the wizard's challenge is not to become powerful, but rather to understand the nature of things and act upon this knowledge in a manner which will help keep the world a safe place to be.
A Wizard of Earthsea - Wikipedia
LeGuin has an interesting take on evil. In the first three books of the series A Wizard of Earthsea, The Tombs of Atuan and The Farthest Shoreshe doesn't really go in for great villains, but leaves her evil forces largely unspecified. Her evil is a nameless and faceless force whose ancient power can be felt but not readily understood. I like that; it adds a touch of mystery and otherworldly dread to the books which appeals to me.
The fourth book, Tehanu, which was written much later than the preceding three books and is markedly different in both style and substance, does put a human face on evil, and moreover has a setting which will be more familiar to earthly readers than the settings of the earlier books. I'm sure some readers will appreciate this attempt at greater humanity and recognisability, but to me it constitutes a loss of the mythical quality and otherworldliness that make the first three books so special.