Weatherford CFO to step down
The chief financial officer (CFO) of oilfield services giant Weatherford will leave the company at the end of July.
Weatherford
The world’s biggest oilfield contractors are quitting future Russia work
The world’s three biggest oilfield service providers are halting future work in Russia in response to President Vladimir Putin’s invasion of Ukraine, announcing their decisions separately and within 24 hours of each other.
Adnoc hands out $6bn of drilling contracts in long-term push
Adnoc has announced $6 billion worth of contracts with drilling companies, focused on downhole completion equipment and wellheads.
Aberdeen’s Safe Influx and Weatherford test ‘first ever’ integrated well technology system
A series of trials using the oil and gas industry’s “first ever” integrated managed pressure drilling (MPD) and automated well control (AWC) technology system has been completed.
New boss taken on to drive forward oilfield technology specialist
Oilfield technology specialist Well-Sense, of Aberdeen, has unveiled a new chief executive.
Updated: Weatherford to close Aberdeen manufacturing facilities
US oilfield equipment and service firm Weatherford dealt another painful blow to the Aberdeen oil industry yesterday by confirming plans to shut down its manufacturing facilities in the city.
Baker Hughes leads oil field services firms on emissions reduction targets
Baker Hughes has the “most ambitious” emissions reduction targets of the major oil and gas services firms, a new report has found.
Camco signs up with Weatherford for Libya logging
Camco Oilfield Services has signed a strategic services agreement with Weatherford, under which it aims to increase its market share in Libya.
MRDS expands into the Middle East with the appointment of director
Drilling service firm MRDS has hired a director to spearhead its growth plans in the Middle East and North Africa (MENA).
Borr Drilling appoints CFO who was replaced amid Weatherford bankruptcy
Borr Drilling has appointed a new CFO who was replaced by Weatherford last year as the oil services giant underwent bankruptcy.
RGU spinout Safe Influx entices Weatherford with oil well technology
A spinout from Robert Gordon University (RGU) has caught the eye of US oilfield service giant Weatherford with its blowout prevention technology.
Updated: Weatherford laid off 130 Aberdeen workers in first half
Oilfield service firm Weatherford has said it made 130 employees redundant in Aberdeen in the first half of 2020 in an effort to get a grip on its costs.
Weatherford scoops $15m deal in Argentina
Weatherford has won a two-year, $15m contract with a major independent operator in Argentina.
Weatherford CEO exits as struggling company faces ‘Chapter 22 bankruptcy’
Weatherford International’s chief executive has resigned just days before the struggling oil-field services company’s annual meeting and amid a debt crisis that could lead to a second bankruptcy filing in less than a year.
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.
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.