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.
Chapter 11 bankruptcy has allowed Houston oilfield service company Weatherford International to close 2019 with its first profit in more than six years.
Trump administration officials have given five energy companies with strong ties to Houston another three months in the oil fields of Venezuela.
It’s been a tough run for energy stocks.
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.
Switzerland and Houston-based oilfield service company Weatherford International has emerged from Chapter 11 bankruptcy with roughly $10 billion of financial support.
The New York Stock Exchange has issued a delisting warning to struggling Houston oilfield service company McDermott International.
Oilfield service firm Weatherford has signed two contracts worth £52 million for drilling services with two major operators in Russia.
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.
Weatherford has signed a £175 million contract to supply Adnoc with its rotary steerable system (RSS) over a three-year period.
Oilfield service giant Weatherford has signed a five-year procurement deal with Saudi Aramco to deliver a range of technologies.
For the oilfield services industry, it’s no longer about merely navigating a downturn. It’s now about survival.
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.
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.
Oilfield services giant Weatherford International has announced further backing from lenders for financial restructuring plans aimed at significantly reducing its colossal debt pile.
Struggling oilfield service company Weatherford International is now trading as a penny stock after being delisted from the New York Stock Exchange.
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 policy “barriers” put up by operators are stifling technology development among SMEs, an oil and gas industry entrepreneur said.
Well management firm Expro has announced the promotion of two management executives.
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.
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.
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.
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 International Holding has completed the acquisition of eleven onshore rigs from Weatherford International in Saudi Arabia.
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.