Weatherford

Instant Intelligence to Optimize Well Production, Drive Profitability Weatherford International plc has launched ForeSite® Sense, the world’s most comprehensive reservoir monitoring solution that shows, in real-time, the critical downhole data that determines profit: pressure, temperature and flow. “Data tells the story of reservoir behavior, and reservoir behavior determines production efficiency and …

The Board of Directors of Weatherford International plc announced today that effective October 12, 2020, it will appoint Mr. Girish K. Saligram as the Company’s President and Chief Executive Officer. Mr. Saligram will also serve as a member of the Company’s Board of Directors. Mr. Saligram previously served as Chief …

Weatherford International plc announced a strengthened collaboration with upstream data visualization provider INT to provide next-level, real-time well visualization in both 2D and 3D. Weatherford will embed INT’s IVAAP framework into the Weatherford Centro™digital well delivery software, advancing its data visualization capabilities. “Weatherford’s selection of the IVAAP framework for their …

Weatherford International plc announced today H. Keith Jennings will join the company as Executive Vice President and Chief Financial Officer, effective September 1, 2020. Mr. Jennings joins Weatherford with more than 25 years of international financial leadership with multinational enterprises, both public and private. Mr. Jennings joins us from Calumet Specialty Products Partners L.P.(Nasdaq:CLMT), …

– Total cash of $756 million as of June 30, 2020, a decrease of $8 million from March 31, 2020 – Signed financing commitment for $500 million of new senior secured first lien notes subject to certain closing conditions – Cash flows from operations of $31 million and unlevered free cash flow of $108 million – Operating loss of $497 million and adjusted EBITDA of $79 …

Remote Training and Monitoring Procedures Enable Successful Installation Using a Restricted Crew. Weatherford International plc announced it successfully and remotely used a restricted crew to install a 16-inch liner hanger on an offshore platform in Sakhalin Island, Russia during the COVID-19 lockdown. Remote training and monitoring procedures enabled the successful …

Weatherford International plc today announced its Production Optimization Software Platform increased production by nearly 6,000 barrels per day, boosting revenue by $156 million over three years for a Middle East operator. The Weatherford production optimization software platform enabled the customer to automate production monitoring, analysis, and optimization asset-wide for 1,700 …

Weatherford International plc today announced that Karl Blanchard, Executive Vice President and Chief Operating Officer, will assume the role of Interim Chief Executive Officer, reporting directly to the Board of Directors, until a permanent President and Chief Executive Officer has been appointed. In addition, Christian Garcia, Executive Vice President and Chief …

Weatherford International plc today announced that Mark A. McCollum, President, Chief Executive Officer and a director, has left the Company, effectively immediately. Karl Blanchard, Executive Vice President and Chief Operating Officer, and Christian Garcia, Executive Vice President and Chief Financial Officer, will form the Office of the Chief Executive, reporting …

Weatherford International plc today announced its ForeSite® Production-Optimization Platform demonstrated $18 million in annual savings for a Fortune 500 producer by delivering measurable improvements in efficiency, uptime and production. The compelling combined results persuaded the operator to order a global rollout of Weatherford’s field-wide intelligence platform to maximize production across their U.S. and international …