Oilfield service firm Hunting said today it had clinched its first sizeable order for a pioneering technology that uses microbes to increase hydrocarbon production.
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 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 (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 will exit 2020 with fewer than 2,000 employees, a reduction of 34% since the start of the year.
Hunting has sold its US drilling tools subsidiary to Rival Downhole Tools in exchange for a minority stake in the Texan oilfield equipment supplier.
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.
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.
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.
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.
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.
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.