Weatherford

1. With the sanctions currently restricting Russia’s development of hard to recover reserves, has there been any accidental impact on fracking operations for conventional reservoirs? Weatherford: For conventional reservoirs, frac scopes have been reduced for all the contractors due to the plummeting oil prices. However, horizontal drilling and multi-stage fracturing …

In the Russian Federation 2014 became very significant in respect of qualitative change in the situation in the local drilling market. Firstly, the forecasts, only recently predicting fast growth of the open drilling market, did not come true. On the contrary, starting from spring of 2014 Rosneft built up its …

Weatherford International plc today announced the addition of the sand-tolerant pump (STP) to the company’s artificial-lift solutions offering. Aimed to optimize the life of wells, slow production declines and reduce workovers, the STP is an alternative to standard rod pumps in wells with high sand production. The STP prevents abrasion …

– Educational Programme Aims to Encourage and Engage Next Generation of Oil and Gas Professionals – 17% of Emirati University Students Enrolled in Engineering: Held under the patronage of His Excellency Sheikh Nahyan Bin Mubarak Al Nahyan, Minister of Culture, Youth and Community Development, Young ADIPEC will offer students from …

TMG is proud to announce that Weatherford Kazakhstan  is a Silver Event Sponsor for the 1st KDR, Kazakh Drilling Roundtable, taking place in Astana on the 17th September 2015. With the second largest oil production among the former Soviet Republics after Russia, Kazakhstan is at the forefront of the oil and gas sector in …

Weatherford International plc announced today the commercial release of its Revolution® rotary-steerable system (RSS) at the Unconventional Resources Technology Conference (URTeC). The ability to minimize risks and reduce time while drilling is integral for operators seeking to arrive at the production stage quickly and avoid future intervention. The new generation …

Positive free cash flow of $104 millionReduction in force target of 10,000 substantially complete; target raised to 11,000Second quarter international revenue down only 2.7%, despite activity and pricing reductions BAAR, Switzerland, July 22, 2015 /PRNewswire/ — Weatherford International plc (NYSE: WFT) reported a net loss before charges of $77 million ($0.10 net loss per share non-GAAP) on …

Weatherford International plc announced today the commercial release of its SecureView® wireline cased-hole evaluation suite at the 2015 Offshore Technology Conference (“OTC”). As managing well integrity has become more critical across the industry, the ability to identify and mitigate risks is integral for all operators. The SecureView® suite provides single-trip, …

Weatherford International plc announced today the commercial release of its SecureView® wireline cased-hole evaluation suite at the 2015 Offshore Technology Conference (“OTC”). As managing well integrity has become more critical across the industry, the ability to identify and mitigate risks is integral for all operators. The SecureView® suite provides single-trip, …

Weatherford International plc (NYSE: WFT) reported a net loss before charges of $33 million ($0.04 net loss per share non-GAAP) on revenues of $2.79 billion for the first quarter of 2015. First Quarter 2015 Highlights – International operating income margins improved 120 basis points sequentially, led by Latin America and …