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.
North Sea energy services firms including Wood, Petrofac and Hunting enjoyed a share price boost in the City today.
The downturn that struck in 2014 wasn’t littered with pleasant surprises.
Oil shares were decimated in London this morning after a crude price war erupted between Saudi Arabia and Russia.
Energy service firm Hunting said today that it was launching a share buyback programme for the first time in its history.
Enpro’s acquisition by Hunting will help “supercharge” the Aberdeenshire firm’s growth, its former backers said.
Energy services group Hunting has snapped up an Aberdeenshire subsea oil and gas production technology company for £25.6 million.
A former pupil at Mackie Academy in Stonehaven is taking another big step up the career ladder at Hunting.
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”.
Oil service firm Hunting said yesterday that its return to the black in 2018 was driven by US onshore drilling activity.
Oil service firm Hunting said today that low North Sea activity levels culminated in third quarter operating losses in its European business.
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.
There is no doubt that the last three years have been tough for the oil and gas industry.
Energy services firm Hunting has opened a new centre of excellence to boost the development of new oil and gas technologies.
Oil service firm Hunting said today that its bosses continued to take a cautious view on the market’s recovery rate.
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.
International oilfield service firm Hunting closed one of its distribution centres in Scotland in the first half of 2017.
Oil and gas service provider Hunting has promoted Jim Johnson to the position of chief executive.
Hunting this morning said its US shale business was helping compensate for sluggish offshore and international market.
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 have landed a £5million North Sea contract.
International oilfield service company Hunting halved its losses after a job cull reduced the global workforce by 24%.
Hunting said it was eyeing recovery in the New Year after weathering a "tough" 2016.
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 has been forced to shed nearly 2,000 jobs as it battles to right its financial scales.