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Hunting PLC on Monday said it has received an order for its titanium stress joints, part of a phase three deepwater gas development in the Turkish area of the Black Sea. The London-based supplier to the oil and gas industry says its Houston, Texas-based Subsea Spring unit will supply six titanium stress joints, including its patented ’direct-pull-thru tube’ technology, which will be used on the second and third floating production, storage & offloading vessels operating the deepwater development. The order is worth $31 million, with the contract expected to be completed over 24 months, with first delivery expected in the first quarter of 2027. Hunting didn’t name the customer. The award follows Hunting’s maiden contract for the phase two development it had received in 2024, currently under production and set to be completed in 2026. The two awards represent $51.6 million of revenue for Hunting. Hunting added it now has a sales order book of around $125 million, up 72% from $72.5 million at the end of 2024. Chief Executive Officer Jim Johnson said: ‘Our continued success in the Turkish area of the Black Sea demonstrates the international demand and strength of Hunting’s titanium stress joint product offering. This order continues the group’s run of success deploying this product line into key offshore regions including the Black Sea, Guyana, and the Gulf of Mexico. ‘Our revenue opportunities have also been expanded with the acquisition of Flexible Engineered Solutions in June, which forms part of our 2030 strategy to target revenue from the longer-cycle segment of the industry, which is less impacted by short-term commodity price volatility.’ Hunting shares rose 2.5% to 320.24 pence each on Monday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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