Oil & Gas

Weatherford files for bankruptcy protection


The oilfield services company Weatherford International filed for Chapter 11 bankruptcy protection Monday, after struggling to assimilate the companies it bought during a quest for growth, taking on too much debt and fighting to recover from falling oil prices in 2014 that hammered the energy industry.

Oil & Gas

Weatherford to file for Chapter 11 bankruptcy


Oilfield services company Weatherford International has entered into an agreement with its top creditors that will allow the company to file for a "prepackaged" Chapter 11 bankruptcy — after more than four years without making a profit.

Oil & Gas

Shrinking Weatherford reports $200m loss


Oilfield services firm Weatherford International said Monday it reported a $199 million loss in the third quarter, which still represents a small improvement from a $256 million loss last year.