UK ‘committing suicide economically’ over North Sea policies, Hunting CEO says
Hunting CEO Jim Johnson sees strong growth for the 150-year-old firm in South America and the Middle East, but his outlook is less positive for the UK.
Hunting
Hunting brings in almost $500m in H1 2024
Engineering group Hunting (LSE:HTG) saw revenue grow to almost $500 million in the first half of the year.
From subsea to outer space: Oil and gas firm Hunting marks 150 years
Two World Wars, the North Sea oil boom and sending kit into outer space; Hunting Plc has a lot to show for its 150 years.
Hunting tops earning projections on ‘record’ orderbook
Hunting beat its earnings expectations in full-year 2023, as high activity in the Middle East and offshore South America saw orders grow to record levels.
Hunting estimates close to $100 million in EBITDA for 2023
Engineering group Hunting (LSE:HTG) has provided a year-end trading update for 2023, with the company's revenue expected to rise above $925 million.
Hunting looks to debt-free diversification in pursuit of $2bn target
Following solid Q3 results oilfield supply chain firm Hunting is looking to M&A and global subsea growth to help reach a $2bn revenue target by the end of the decade.
$60m subsea order helps drive demand outlook for Hunting
A major subsea contract win in South America topped off a confident third quarter trading update from Hunting.
Active Americas market helps drive “robust” H1 for Hunting
Hunting says half-year performance has been “ahead of expectations” as activity across international markets remain strong.
Hunting still committed to Aberdeen despite ‘disaster’ windfall tax
The chief executive of Hunting (LON: HTG) says the energy services group has no plans currently to uproot its Aberdeen operations.
Energy services group Hunting posts ‘good’ results as it launches 2030 growth plan
London-headquartered Hunting (LON: HTG) is charting a plan for major growth with the launch of a “broad-based” 2030 strategy.
Hunting to appoint former Schlumberger director to board
Oilfield services firm Hunting plans to appoint a former top boss at Schlumberger to its board.
Hunting founding family member to leave energy services firm after 50 years
Energy services group Hunting (LON: HTG) has announced that Richard Hunting will leave the company after half a century.
Hunting warns of £7.3m earnings drop for 2021
Energy services group Hunting warned today that its full year earnings would be £7.3 million lower than in 2020.
Hunting clinches ‘sizeable’ order for oil recovery procedure that relies on microbes
Oilfield service firm Hunting said today it had clinched its first sizeable order for a pioneering technology that uses microbes to increase hydrocarbon production.
‘Green shoots’: Hunting buoyed by prospect of improved 2021
Bosses at oilfield service firm Hunting said trading in early 2021 remained subdued but they predicted stronger performance across the group during the rest of the year.
Hunting reflects on ‘painful process’ after reducing headcount by more than a third in 2020
Hunting has said the group is positioned “well for the year ahead” after a strong finish to 2020, coupled with a more buoyant market outlook.
Oilfield service firms at ‘strategic crossroads’ as energy transition accelerates, PwC says
Oilfield service (OFS) companies must decide now whether they are going to stick with hydrocarbons or pivot to low-carbon, a new report said.
Hunting forms strategic partnership with Well Data Labs, gives firm £1.8m in convertible capital financing
Oilfield technology firm Hunting has formed a strategic partnership with Well Data Labs (WDL) and agreed to provide the firm with $2.5 million (£1.8m) in convertible capital financing.
Hunting reduces headcount by 34% since start of 2020
Hunting will exit 2020 with fewer than 2,000 employees, a reduction of 34% since the start of the year.
Hunting swaps subsidiary for stake in Texan oilfield equipment supplier
Hunting has sold its US drilling tools subsidiary to Rival Downhole Tools in exchange for a minority stake in the Texan oilfield equipment supplier.
EV Out Loud: Austin powers back, steroids for microbes, and heartbreak in Uganda
On this week’s episode, in association with Fasken, the team looks at the return of RockRose Energy founder Andrew Austin to the North Sea fold, after he sold up his former firm for nearly £250m earlier this year.
Motive adds international finance expert to senior team
Marine equipment fabrication and rental specialist Motive Offshore Group has hired a new chief financial officer as it targets annual earnings of £20 million by 2024.
Well-fed microbes deliver big production boost at North Sea field
A pilot test of a pioneering microbial technology has delivered a production increase of more than 25,000 barrels at a UK North Sea oilfield.
Hunting cuts global workforce by 30% since start of year in response to ‘challenging environment’
International energy services provider Hunting has made further job losses as it continues to battle the dual impact of the Covid-19 pandemic and the oil price slump.
Updated: Hunting shares up on dividend, 20 north-east jobs cut
Hunting laid off about 20 employees in the north-east during the first half of 2020 as the Covid-19 pandemic and oil price drop caused demand to falter.