Bankruptcy allows Weatherford to realise first profit in more than six years
Chapter 11 bankruptcy has allowed Houston oilfield service company Weatherford International to close 2019 with its first profit in more than six years.
Weatherford
Trump gives five US oilfield service firms another three months in Venezuela
Trump administration officials have given five energy companies with strong ties to Houston another three months in the oil fields of Venezuela.
The lost decade: energy stocks seek relevancy as investors flee
It’s been a tough run for energy stocks.
Bondholders take control of Weatherford as company emerges from bankruptcy
Bondholders are now calling the shots at Weatherford International, a company once considered the fourth-largest oil field service company in the world, now that it has emerged from Chapter 11 bankruptcy.
Weatherford emerges from bankruptcy with $10 billion of support
Switzerland and Houston-based oilfield service company Weatherford International has emerged from Chapter 11 bankruptcy with roughly $10 billion of financial support.
McDermott gets delisting warning from New York Stock Exchange
The New York Stock Exchange has issued a delisting warning to struggling Houston oilfield service company McDermott International.
Weatherford inks drilling deals worth £52m in Russia
Oilfield service firm Weatherford has signed two contracts worth £52 million for drilling services with two major operators in Russia.
Weatherford posts $821 million loss during third quarter
Switzerland and Houston-based oil field service company Weatherford International posted an $821 million loss during the third quarter -- marking 19 consecutive quarters of losses for the bankrupt company.
Adnoc hands Weatherford £175m deal
Weatherford has signed a £175 million contract to supply Adnoc with its rotary steerable system (RSS) over a three-year period.
Weatherford, Aramco ink 5-year procurement pact
Oilfield service giant Weatherford has signed a five-year procurement deal with Saudi Aramco to deliver a range of technologies.
Drillers fighting for survival in world of cheap oil
For the oilfield services industry, it’s no longer about merely navigating a downturn. It’s now about survival.
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.
Ex-oil worker and jockey enjoying thriving in new customs venture
A former trainee horse racing jockey who later worked in the North Sea energy industry is enjoying life after oil with her fledgling customs consultancy.
Hope for Weatherford in face of Chapter 11 bankruptcy
Oilfield services giant Weatherford International has announced further backing from lenders for financial restructuring plans aimed at significantly reducing its colossal debt pile.
Weatherford delisted from New York Stock Exchange in latest woes
Struggling oilfield service company Weatherford International is now trading as a penny stock after being delisted from the New York Stock Exchange.
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.
Procurement ‘barriers’ stifling tech developments says business leader
Procurement policy “barriers” put up by operators are stifling technology development among SMEs, an oil and gas industry entrepreneur said.
Expro make top management appointments
Well management firm Expro has announced the promotion of two management executives.
Industry stalwart Pinto honoured at awards ceremony
An energy industry stalwart was recognised for his technical nous and role in inspiring young people to get into engineering careers at a glittering awards ceremony in Aberdeen last night.
Weatherford closes deal to sell drilling rigs in North Africa
Struggling oilfield service company Weatherford International has closed on the third of four deals to sell its drilling rigs in the Middle East and North Africa.
Weatherford slides deeper into the red with $2.8bn loss in 2018
Struggling oil field service company Weatherford International closed 2018 with a $2.8 billion loss, sliding deeper into the red as it moves into what will become its fifth year of losses.
Weatherford faces New York Stock Exchange delisting
After 30 days of its stock trading below $1 per share, oil field service giant Weatherford International is facing getting delisted from the New York Stock Exchange.
Ades gets Weatherford rigs deal over the line
Ades International Holding has completed the acquisition of eleven onshore rigs from Weatherford International in Saudi Arabia.
Fresh faces snapping up space for Offshore Europe 2019 as new venue beckons
Aberdeen’s new £333 million conference centre is fuelling fresh interest in one of the biggest oil and gas industry exhibitions on the international calendar.
Ades buys 12 rigs from Weatherford for £94m
Drilling company Ades International Holding has bought 12 onshore rigs from Weatherford in Kuwait for £94 million.