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

Yadarisa Shabong
Wednesday, April 21, 2021

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)

Categories: Energy Drilling Activity Oilfield Services

Related Stories

Coastal Virginia Offshore Project Costs Increases to $11.5b

Equinor Gets Permit to Drill North Sea Wildcat Well

OKEA Discovers More Petroleum at Brage Field in North Sea

Current News

Coastal Virginia Offshore Project Costs Increases to $11.5b

Equinor Extends Seadrill Drillship’s Stay off Brazil

MODEC Partners with Eld Energy, Delta to Advance FPSO Decarbonization

Conrad, Empyrean Agree Settlement Framework Over Duyung PSC Interests

Subscribe for OE Digital E‑News