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
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.
Hunting updates on the scale of job cutting
North Sea oilfield service firm Hunting said yesterday it had slashed its workforce by nearly half in the past 18 months.
Hunting axed “just under 100 posts” in north-east last year
The oil price rout forced Hunting to lay off “just under 100 workers” in the north-east of Scotland last year, the energy service firm said yesterday. Hunting reduced its global headcount by 30% to 2,784 in 2015 as part of cost-cutting measures which were brought in amid a severe slump in drilling activity. Chief executive Dennis Proctor said the outlook for the industry was “bleak”, adding: “We are in a wilderness without a single path to guide us.”
Hunting reduces headcount by 30%, closes four operating sites
Hunting today confirmed it had reduced its headcount by 30% and closed four operating sites in the past year.
Hunting to reduce Aberdeen staff by up to 25%
Oil and gas service company Hunting said it is preparing to make up to a quarter of its staff in Aberdeen redundant as it looks to streamline costs.
Hunting profit and headcount hit by oil drop
Hunting has seen a drop in revenue from $664.1million to $463.6million in the first half of the year. The international energy services group said its operations had been impacted by the downturn in the oil and gas market. The decline has seen a reduction in headcount of 900 employees which has resulted in savings of $41million.
UK’s Hunting sees full-year operating profit slump on oil woes
Oilfield services company Hunting said it expected a 50 percent to 75 percent fall in operating profit for the year as it continued to reel under a drop in global rig counts and a weak oil and gas market. Hunting shares fell more than 7 percent on the London Stock Exchange on Thursday morning. The stock was the top loser on the FTSE-250 midcap index.
Hunting suffers first quarter profits slump
Oilfield service company Hunting reported a 60% plunge in first quarter operating profits yesterday, blaming falling global rig counts and cost-cutting across the industry. Shares in the company fell 8% to £5.36 in early trading on the London Stock Exchange but later recovered to around £5.88.check market close Hunting, which announced in February it would cut an unspecified number of jobs and realign business units to help counter a drop in drilling activity, said its subsea, electronics and tubular component machining businesses did better in the first three months of 2015, compared with last year, offsetting weakness in its North American drilling tools operation.
Hunting reveals record annual results
An energy service firm shrugged off the oil and gas industry downturn yesterday, reporting record annual results. The company posted an 8% rise in underlying pre-tax profits to £139.5million, while revenue was up by 7% at £910.6million. Hunting, which announced last month it would cut an unspecified number of jobs and realign business units to help counter a drop in drilling activity, said falling oil prices did not affect its business last year.