Chevron Resumes Drilling In Key Venezuelan Oil Field
American Chevron Corp. has resumed drilling at an untapped deposit in Venezuela in a bid to boost output as Washington threatens to tighten its grip on the sanctions-hit country. Bloomberg reports this. Petroindependencia project According to sources familiar with the situation, work on the Petroindependencia field in the Orinoco Belt, …
Well Intervention Market Driven by New Oilfield Discoveries and Heavy Investments in Offshore Oil & Gas Assets: Fact.MR Study
A recently published report by market research and competitive intelligence provider, reveals that the global well intervention market is projected to grow at a CAGR of 7% during the forecast period (2021-2031), reaching US$ 14 Bn by 2031. Heavy investments in the discovery of new oilfields reserves on the account …
Weatherford: Announces First-Quarter 2021 Results
Weatherford International plc announced today its results for the first quarter of 2021. Revenues for the first quarter of 2021 were $832 million, a decline of 1% sequentially and 32% year-on-year. Reported operating loss was $13 million in the first quarter of 2021, compared to an operating loss of $107 million in the fourth quarter of 2020 …
Weatherford: Announces Third Quarter 2020 Results
Weatherford International plc announced today its results for the third quarter of 2020. Revenues for the third quarter of 2020 were $807 million, a decline of 2% sequentially and 39% year-on-year. Reported operating loss was $60 million in the third quarter of 2020, compared to an operating loss of $497 million in the second quarter …
Weatherford Appoints New Executive Vice President, Chief Financial Officer
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), …
Weatherford Announces Earnings Conference Call
Weatherford International plc (“Weatherford” or the “Company”) will host a conference call on Wednesday, August 5, 2020, to discuss the results for the second quarter ending June 30, 2020. The conference call is scheduled to begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time) and a press release announcing the results will be issued …
Weatherford Signs Four-Year Contract with Eni S.p.A
Radio Frequency Identification-Equipped Downhole Casing Isolation Valves Aim to Increase Operational Safety and Reservoir Performance Weatherford International plc (OTC Pink: WFTLF) announced it has been awarded an exclusive four-year contract with Eni S.p.A. The contract will provide a minimum of 30 Non-Umbilical Downhole Deployment Valves (NU-DDV™) that will be deployed …