Weatherford Announces Latest Long-Stroke Pumping Unit
New Rotaflex Design Reduces Lifting Costs and Accelerates the Transition to High-Performance Rod-Lift Weatherford International plc announced the commercial release of a new Rotaflex® long-stroke pumping unit that improves artificial-lift efficiency in challenging applications including deep, high-volume and high gas-to-liquids wells. The new Rotaflex design extends the functionality of a …
Weatherford to Sell Drilling Rigs business in Kuwait, Saudi Arabia and Algeria
BAAR, a subsidiary of Weatherford International plc has signed a definitive agreement with ADES International Holding Ltd. for the sale of Weatherford’s land drilling rig operations in Algeria, Kuwait and Saudi Arabia as well as two idle land rigs in Iraq, for an aggregate cash purchase price of $287.5 million. …
Weatherford: Signs MOU With Valiant Artificial Lift Solutions On ESP’s
Weatherford International plc (NYSE: WFT) announced a Memorandum of Understanding (MOU) with Valiant Artificial Lift Solutions to jointly commercialize, market and service electrical submersible pumps (ESPs). The MOU will accelerate commercialization of the Weatherford ESP, powered by Valiant. Optimized for a wide range of flow applications, the pumps are designed …
Weatherford: Launches Magnus Rotary Steerable System
Weatherford International plc today announced the commercial release of the http://www.weatherford.com/raptor2.0 Magnus rotary steerable system, which combines reliable, high-performance drilling with precise directional control. The push-the-bit tool is designed for deployment in nearly any drilling scenario, including high doglegs. -Rugged, Push-the-Bit Design Delivers Cost-Effective Wellbores Experience the interactive Multichannel News …
Weatherford Names New Director
Weatherford International plc has appointed Angela A. Minas to serve as a member of the Board of Directors. Ms. Minas has more than 30 years of financial, management consulting and executive leadership experience in the energy sector having served as the Chief Financial Officer of DCP Midstream Partners LP and Constellation Energy Partners LLC as well as …
Weatherford: Launches New ForeSite Production Optimization Platform Release
Weatherford International plc today announced a new software release for its ForeSite production optimization platform, which combines physics-based models with advanced machine-learning data analytics to improve performance across conventional and unconventional oil and gas assets. The new release builds on the platform’s existing capabilities, which include optimization support for reciprocating …
Weatherford: Roxanne Decyk and David King Join the Board
Weatherford International plc (NYSE: WFT) today announced that it appointed Ms. Roxanne J. Decyk and Mr. David S. King to serve as Directors of the Board, effective September 21, 2017. Over the course of her career, Ms. Decyk has held executive roles at Royal Dutch Shell and Amoco where she …
Weatherford Appoints Karl Blanchard as Chief Operating Officer
Weatherford International plc today announced the appointment of Karl Blanchard as Executive Vice President and Chief Operating Officer. In this role, he will oversee all region and product line operations; quality, health, safety, security and environment; sales; engineering, research and development; and supply chain. Mr. Blanchard brings with him valuable insights gained …
Gazprom Neft: Signs Technology Cooperation Agreement With Weatherford
Vadim Yakovlev, the First Deputy General Director of “Gazprom Neft” and Lance Marklinger, President of Global Sales for Weatherford International plc, signed a technology cooperation agreement at the St. Petersburg International Economic Forum. The agreement is valid for five years and is intended to further develop current business relationships and …
Technology Roundtable: Wellbore Cementing
1. How do you measure and calculate the optimum properties for the cement/slurry which will be pumped down hole? Weatherford: Cement slurry design is based on the well data, such as bottom hole circulating temperature (BHCT), bottom hole static temperature (BHST), pore pressure and fracture gradient. Challenges faced by well …