Company
LON:HTG
Hunting PLC is an international energy services provider to the world's leading oil and gas concerns in the upstream and midstream sectors first established in 1874.
109 stories · page 2 of 6
Archive
Echo Energy (AIM:ECHO) An update from Argentina today, at Santa Cruz Sur gas production continues as normal but the company are shutting-in the oil production with low associated gas, reducing production by c.130 b/d all of which can be bro
The energy services firm said it is implementing cost-saving measures but it will pay US$5mln in distributions
The index of UK blue-chip stocks lost 194 points to 5,598
Analysts at the Swiss bank expect the tough current environment will be “the new normal” and do not expect an improvement in levels of US drilling activity
"The acquisition of Enpro further strengthens Hunting's subsea offering and adds a high technology product group to our portfolio"
Clients are exhausting budgets and Hunting is also seeing the seasonal fourth quarter decline.
The pipeline equipment maker said that challenging markets dented sales in the three months until the end of September
Half-year revenues for the oil services engineer are expected to be higher and underlying earnings are expected to be “marginally ahead”
The firm's Titan division, which primarily focuses on pipeline equipment, had seen its margins reduced by increased competition due to excess inventories built up at the end of last year, which had resulted in price cuts to some products
UBS’s analysts said: “We had been cautious on Hunting given the downside risk to earnings in their US Titan business, but with the recent round of capex comments we believe these risks are now well understood and priced in”
The UK's premier share index closed down around 32 points at 7,074
Archive
Its set to be a busy day for blue-chip news in London on Thursday.
Archive
The Week Ahead will also bring a trading update from AB Foods, plus final results from Standard Chartered, IAG, Persimmon, Rightmove, as well as the latest US GDP data
Archive
At the close, the FTSE 100 was down 71.93 points, or 1.1% at 6,773.24, just above the session low of 6,761.37 and well below the early high of 6,845.17.
Archive
Aside from the UK and US rate decisions, the latest UK inflation and retail data will be closely eyed as well in the absence of almost anything on the corporate diary
The North American fracking market has been under fire for a few months now, with oil prices plunging, pipelines maxed-out and exploration budgets exhausted
A look at some of the biggest risers and fallers in London on Tuesday
The firm expects to see a seasonal slowdown in North American drilling during November and December due to public holidays, along with the potential exhaustion of its clients' drilling and completion budgets
Archive
Aside from the BP numbers, the Day Ahead will also bring a third-quarter update from blue-chip consumer products firm Reckitt Benckiser
Archive
Aside from the oil majors, the slew of blue-chip updates due in the coming week will include global banks HSBC and Standard Chartered, and drugs firms GlaxoSmithKlne and Shire
