Bernard Duroc-Danner

The Board of Directors of Weatherford International plc, in recognition and appreciation of outstanding vision and years of service, has named Dr. Bernard Duroc-Danner as Chairman Emeritus. In this honorary and advisory role to the Board of Directors, Dr. Duroc-Danner will not receive any remuneration for his role and will …

Weatherford International plc announces the departure of Bernard J. Duroc-Danner, Chairman of the Board, President and Chief Executive Officer effective immediately.  Mr. Robert Rayne, current Vice Chairman of the Board, will serve as Chairman of the Board.  Mr. Krishna Shivram will lead the Company as interim Chief Executive Officer, and …

Excellence in Energy Awards Recognizes Exceptional Service to the Oil and Gas Industry Weatherford International plc was awarded Best Oilfield Services Company (International), at the Excellence in Energy Awards Ceremony during the 2015 Abu Dhabi International Petroleum Exhibition and Conference (“ADIPEC”). One of three finalists, including Schlumberger and Halliburton, Weatherford …

Weatherford International plc (NYSE: WFT) reported a net loss before charges of $42 million ($0.05 net loss per share non-GAAP) on revenues of $2.24 billion for the third quarter of 2015. GAAP net loss for the third quarter of 2015 was $170 million, or a net loss of $0.22 per …

Weatherford International plc reported net income before charges of $252 million ($0.32 diluted earnings per share non-GAAP) on revenues of $3.73 billion for the fourth quarter of 2014. – Fourth Quarter EPS of $0.32 per share (non-GAAP) – Reduces Net Debt by $1.1 billion and generates free cash flow of …

Weatherford International plc closed the previously announced sale of the Company’s engineered chemistry and Integrity drilling fluids businesses to an affiliate of The Lubrizol Corporation, a Berkshire Hathaway company, for a purchase price of $750 million, subject to a customary post-closing working capital adjustment. Weatherford may also receive a potential …

Weatherford International plc has signed a definitive agreement with an affiliate of The Lubrizol Corporation (“Lubrizol”), a Berkshire Hathaway company, for the sale of the Company’s engineered chemistry and Integrity drilling fluids business. The businesses will be sold for $750 million in cash, subject to customary purchase price adjustments, plus …

Baker Hughes Incorporated and Weatherford International plc today announced that they have closed the previously announced purchase and sale of Weatherford’s pipeline and specialty services business. The acquisition provides Baker Hughes with an expanded range of pre-commissioning, deepwater and in-line inspection services worldwide. The addition of over 700 process and pipeline specialists to Baker …

Weatherford International plc reported net income before charges of $186 million, ($0.24 diluted earnings per share on a non-GAAP basis) on revenues of $3.71 billion for the second quarter of 2014. Revenue increased 8% sequentially excluding the seasonal impact in Canada; the increase was 3% including Canada; Operating income margins improved 280 basis points sequentially to 14% …

Weatherford International plc  entered into agreements with Rosneft for the sale of the Company’s land drilling and workover operations in Russia and Venezuela. The consideration is $500 million in cash. The Russian rig operations include 61 land drilling crews and a fleet of workover rigs, essentially pulling units while the Venezuela operations include 6 land drilling rigs. The …