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Titan and Subsea revenues surge 45% and 95% respectively, while management trims full-year EBITDA guidance due to geopolitical headwinds in the Middle East.
Hunting (LON:HTG) reported first-half revenue of $497 million and EBITDA of $62.1 million, representing a 12% EBITDA margin, as growth in its Titan perforating and subsea businesses helped offset disruption to a major Kuwait Oil Company tender process. Bruce Ferguson, Group Finance Director, said t
BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) led a broad decline among London-listed oil producers on Monday as crude prices retreated sharply from last week’s highs. Brent crude fell 6.1% to $90.87 a barrel, having climbed above $101 last week, while US West Texas Intermediate...
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