Weatherford International

Weatherford International plc announced it has signed a Memorandum of Understanding with Safe Influx, the world’s only provider of Automated Well Control technology. Under the MoU, the companies will cooperate globally to focus on revolutionising well integrity during the construction phase by bringing to market the first ever integration of …

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 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 provided an update today on its expected results for the first quarter of 2020 and announced its intention to delist from the New York Stock Exchange. FINANCIAL UPDATE Despite the challenging environment, the Company’s preliminary financial results improved during the first quarter of 2020 due to operational …

Weatherford International plc today introduced Centro™, a holistic approach to effectively managing complex wellsite operations digitally. By seamlessly integrating every element of an operator’s well data, team members from any global location can access, share, and store all vital project information at any time. Centro makes consolidated data available in real …

Amended Plan of Reorganization Contemplates the Reduction of Approximately $5.85 Billion in Debt Weatherford International Ltd., and Weatherford International, LLC announced today that the United States Bankruptcy Court for the Southern District of Texas issued an order confirming Weatherford’s Second Amended Joint Prepackaged Plan of Reorganization (the “Plan”) of Weatherford International plc and its Affiliate …

Weatherford International plc today announced it will showcase its life-of-well innovations at Offshore Europe 2019, Booth 3E 30, Aberdeen, Scotland from September 3-6. Offshore Europe 2019 will serve as a platform to demonstrate each of the Company’s core business segments, including Drilling, Well Construction, Completions and Production. These four areas …

Exclusive Agreement Will Jointly Commercialize New MambaTM Severe-Service Couplings to Reduce Tubing Wear and Parted Rod Strings in Rod-Lift, PCP-Lift Applications Weatherford International plc has announced the release of the Mamba™, a severe-service sucker-rod coupling engineered to significantly reduce production-tubing friction and wear in sandy, corrosive, and deviated wells. Designed exclusively …

Weatherford International plc announced the integration of Microsoft® Power BI into the ForeSite® production optimization platform for the oilfield industry. This integration accelerates ForeSite users’ ability to deep dive into their production data, conduct analyses, and create simple, easy-to-digest data visualizations that illustrate virtually any production scenario from the well …

Weatherford International plc has commercially released ForeSite® Edge, the next generation of well automation and control. ForeSite Edge significantly expands on the capabilities of a traditional controller by harnessing the power of the company’s industry-leading ForeSite production optimization and CygNet® IoT/SCADA platforms. Together, these technologies introduce Production 4.0 intelligence to the …