Hunting Shares Edge Up on $63.5 Million Guyana Subsea Order

Hunting PLC (LSE: HTG) saw its shares climb approximately 1.2% today following the announcement of a significant $63.5 million order for its titanium stress joint (TSJ) product line.

The order, destined for a new offshore development in Guyana, signals continued strength in the company’s subsea business and its strategic focus on the floating production, storage, and offloading (FPSO) vessel market.

The contract will be executed by Hunting’s Subsea Spring business unit, with deliveries slated through May 2028. Revenue recognition is expected to commence in the second half of 2026, providing a multi-year revenue stream. This latest win adds to the $4.4 million in orders already secured from the same Guyana offshore development by Hunting’s Stafford and Flexible Engineered Solutions units since December 2025, hinting at further potential upside throughout the remainder of 2026.

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Hunting’s TSJ solution, a critical component for offshore developments utilizing FPSOs, has demonstrated its value through this and other key project adoptions. The company emphasizes the maintenance benefits and reliability of its TSJ product line as key differentiators in the market. The company’s strategic ambition is to broaden its range of solutions for FPSO vessels, aiming to capture a larger share of the projected spending on major subsea projects.

The Guyana project underscores Hunting’s ability to support integrated oil and gas groups and service companies throughout the entire lifecycle of a well, leveraging its expanded product offering. The company’s success in securing this order is indicative of the growing demand for reliable and efficient subsea solutions in emerging offshore markets.

CEO Jim Johnson stated, “Our TSJ product line, which is a critical component for offshore developments, continues to be adopted on key offshore projects utilising FPSOs, given the maintenance benefits and reliability offered.”

This order reinforces Hunting’s strategic focus on the subsea market and its commitment to delivering innovative solutions for offshore developments. The positive market reaction suggests confidence in the company’s ability to execute on its growth strategy and capitalize on the increasing demand for subsea technologies. Investors should watch for further developments and any indications of accelerated project timelines.