Hunting PLC Secures $63.5M Subsea Orders for Guyana Offshore Development

Event summary

  • Hunting PLC has secured $63.5 million in orders for its titanium stress joint (TSJ) product line for a new offshore development in Guyana.
  • The orders will be fulfilled by the Subsea Spring business unit, with delivery extending to May 2028 and revenue recognition beginning in H2 2026.
  • This follows an additional $4.4 million in orders from other business units for the same project since December 2025.
  • The TSJ product line is a critical component for Floating Production, Storage and Offloading (FPSO) vessels, highlighting Hunting’s strategic focus on subsea solutions.

The big picture

Hunting PLC’s latest subsea orders underscore its growing role in the offshore oil and gas sector, particularly in Guyana’s developing offshore projects. The company’s focus on FPSO solutions aligns with the industry’s shift towards more efficient and reliable offshore production methods. With a significant order book and strategic positioning, Hunting is well-placed to benefit from the projected spending on major subsea projects.

What we're watching

Revenue Growth
How the $63.5 million in orders will contribute to Hunting’s guided subsea product group revenue and EBITDA through 2028.
Market Expansion
Whether Hunting can sustain its strategic ambition to capture a larger portion of projected spending on major subsea projects.
Execution Risk
The pace at which Hunting can deliver on its TSJ orders and secure further incremental orders throughout 2026.