Hunting reduces global workforce by 25%
Oilfield technology firm Hunting said on Monday that it was slashing its global workforce by a quarter in response to the oil price drop and Covid-19 pandemic.
Hunting
Share price boost for North Sea service firms
North Sea energy services firms including Wood, Petrofac and Hunting enjoyed a share price boost in the City today.
R&D ‘vital’ for getting through a downcycle
The downturn that struck in 2014 wasn’t littered with pleasant surprises.
Oil shares massacred in London as crude price war erupts, dragging down Brent
Oil shares were decimated in London this morning after a crude price war erupted between Saudi Arabia and Russia.
Hunting shares surge on buyback call
Energy service firm Hunting said today that it was launching a share buyback programme for the first time in its history.
Hunting acquisition will ‘supercharge’ Enpro growth, former backers say
Enpro’s acquisition by Hunting will help “supercharge” the Aberdeenshire firm’s growth, its former backers said.
Updated: Hunting swoops for Enpro Subsea in £25m-plus deal
Energy services group Hunting has snapped up an Aberdeenshire subsea oil and gas production technology company for £25.6 million.
North-east man climbs career ladder at Hunting
A former pupil at Mackie Academy in Stonehaven is taking another big step up the career ladder at Hunting.
Recovery process could add decades to North Sea’s lifespan
A pioneering new microbial technology which will soon be trialled in the UK North Sea could add decades to the basin’s lifespan, saving jobs and “kicking decommissioning down the track”.
Hunting back in the black despite ‘stagnant’ North Sea
Oil service firm Hunting said yesterday that its return to the black in 2018 was driven by US onshore drilling activity.
Low North Sea activity dents performance at Hunting
Oil service firm Hunting said today that low North Sea activity levels culminated in third quarter operating losses in its European business.
Hunting back in the black, but North Sea revenues down
Rising oil prices and an improved US drilling market have helped oilfield services firm Hunting back into the black but North Sea revenues are down.
Hunting for new technologies to deliver to the marketplace
There is no doubt that the last three years have been tough for the oil and gas industry.
Hunting opens new tech hub for North Sea collaboration
Energy services firm Hunting has opened a new centre of excellence to boost the development of new oil and gas technologies.
Hunting bosses ‘cautious’ on market recovery
Oil service firm Hunting said today that its bosses continued to take a cautious view on the market’s recovery rate.
Hunting says North Sea activity ‘subdued’ despite contract wins
Energy service firm Hunting said today that activity in the North Sea remained “subdued”, despite winning a number of contracts in the UK and Netherlands in the first quarter.
Hunting reveals closure of distribution centre in Montrose
International oilfield service firm Hunting closed one of its distribution centres in Scotland in the first half of 2017.
Hunting appoints chief executive
Oil and gas service provider Hunting has promoted Jim Johnson to the position of chief executive.
Hunting’s shale business helps firm navigate “fragile” marketplace
Hunting this morning said its US shale business was helping compensate for sluggish offshore and international market.
Hunting boss Proctor to step down
International oilfield service firm Hunting said today that its chief executive had agreed to step aside once a replacement is found.
Well-Centric and Hunting land North Sea work
Well-Centric and Hunting have landed a £5million North Sea contract.
Hunting chairman hopes firm’s “dismal” performance will not be repeated in 2017
International oilfield service company Hunting halved its losses after a job cull reduced the global workforce by 24%.
Hunting looks to put ’16 behind it, sees recovery ahead
Hunting said it was eyeing recovery in the New Year after weathering a "tough" 2016.
Hunting raises nearly £80m from share sale
International oilfield service firm Hunting said yesterday it had raised about £71million by selling new shares in a move aimed at reducing its debt pile.
Hunting slashes workforce by nearly 50%, reports $29.5m loss
Hunting has been forced to shed nearly 2,000 jobs as it battles to right its financial scales.