CHICAGO Hunting Plc continues to
expand its manufacturing business in the United States, the
company said Thursday in an interim management report.
Ramped-up drilling in the Gulf of Mexico and strong global
demand have bolstered Huntings premium connections
business, the London-based energy services company said.
Huntings U.S. manufacturing business has also been
buoyed by drilling in the Gulf, and its new, 98,000-square-foot
facility in Houma, La., is now online, it said.
Also in North America, Huntings Stafford, Texas,
facility has doubled its manufacturing capacity and Hunting
Welltonic, part of the companys well-intervention
business, is expanding in the region, it said.
But Hunting noted that its drilling tools business has seen
a "marginal" decline in trade as activity moves toward
liquid-containing shales across North America.
Shale plays containing
oil or natural gas liquids have seen more activity than those
containing "dry" natural gas because of an extended period of
low natural gas prices in the United States.
The company added that it will continue with its plans to
open new distribution centers in Europe, the Middle East and
Asia, as well as in North America.