Oilfield Services Firm Hunting Says 1Q Earnings in Line with Expectations

Oilfield services group Hunting Plc said on Wednesday its first-quarter earnings were in line with expectations despite a hit to the company's Texas facilities in February when the U.S. state faced severe cold weather.

The company said it recorded a small core loss in the quarter due to subdued offshore drilling activities throughout the second half of 2020 that carried into this year. 

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Krishna Chandra Eluri)

Current News

Oil Rises on China Stimulus Hopes, US Inventory Drop

Oil Rises on China Stimulus Ho

Flare Gas Recovery Meets the Future

Flare Gas Recovery Meets the F

Pharos Energy Extends Licenses for Two Vietnamese Gas Fields

Pharos Energy Extends Licenses

Brazil Lifts Ban on Saipem's Business Units

Brazil Lifts Ban on Saipem's B

Subscribe for OE Digital E‑News

Offshore Engineer Magazine