Weatherford

Weatherford and Schlumberger today announced an agreement to create OneStimSM, a joint venture to deliver completions products and services for the development of unconventional resource plays in the United States and Canada land markets. The joint venture will offer one of the broadest multistage completions portfolios in the market combined …

Weatherford International plc announced today that after a full and diligent search process, the Board has appointed Mr. Mark McCollum as President and Chief Executive Officer, as well as a member of the Board of Directors, with an effective start date in late April 2017. Mr. McCollum is a proven …

Weatherford International plc and Nabors Industries Ltd. announced today they have signed a non-binding Memorandum of Understanding (MOU) to form an alliance focused on delivering enhanced drilling solutions to the oil and gas land market in the lower 48 states of the United States. The MOU states that Weatherford will …

Weatherford International plc announces the appointment of Mr. Christoph Bausch as Executive Vice President and Chief Financial Officer, effective December 13, 2016.  Bringing many years of financial and operational management experience, Mr. Bausch joined the Company in May of 2016 as Vice President and Controller Product Lines.  Previous to his …

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 …

Weatherford International plc (NYSE: WFT) and Chevron Thailand Exploration and Production, Ltd., a subsidiary of Chevron Weatherford Corporation, today announced the successful inaugural runs of the HeatWave™ Extreme (HEX) triple-combo logging-while-drilling (LWD) tool string. The first run was completed on September 6, 2016, on a well in the Gulf of …

Weatherford Russia was recognized as the Best Directional Drilling Company of the Year by Rosneft at the second specialized Exploration and Production Technologies 2016 Сonference held in Moscow October 4 and 5, 2016. Rosneft, the world’s largest publicly traded petroleum corporation, acknowledged its top contractors in several categories for performance excellence …

Weatherford International plc announces that, as of September 30, 2016, Dr. Mario Ruscev has officially begun to serve as Executive Vice President, President  Product Lines and Chief Technology Officer for Weatherford International plc, reporting directly to Bernard J. Duroc-Danner, Chairman of the Board, President and Chief Executive Officer. Dr. Ruscev …

1. Intelligent well completions or ‘smart’ wells enable operators to acquire data, monitor and remotely control well operations for maximum productivity. What is the degree of this technology implementation in Russia and what operators are currently using it? Weatherford: Intelligent well completion is an integrated package featuring complex design and including …