Weatherford Subsea Wellhead Retrieval System Named Top Industry Engineering Innovation
Weatherford International plc (NYSE: WFT) (the “Company” or “Weatherford”) announced today that the most recent version of the Company’s subsea wellhead retrieval system, known as M.O.S.T. Plus (Mechanical Outside-latch Single-Trip), has won the Meritorious Award for Engineering Innovation from Hart Energy. The honor is awarded to breakthrough products that impact offshore exploration …
Weatherford Completes Sale of Algeria Land Drilling Rigs
Weatherford International plc today announced it has completed the sale of four contracted drilling rigs in Algeria. The Company expects that the remaining two rigs will transfer within the following four weeks after relocating within Algeria. This will complete the sale of Weatherford’s land drilling operations in Algeria, which in total includes six …
Rosneft Closes the Deal for the Acquisition of Oil Field Services from Weatherford International
Rosneft announces the close of the deal for the acquisition of land drilling and workover assets of Weatherford in Russia and Venezuela The closure marks the realization of the agreement signed in July 2014 by Rosneft and Weatherford International plc. Rosneft acquires 8 companies (part of the Weatherford group) involved …
Weatherford and CurTran Sign Long-Term Contract for New LiteWire™ Nanotechnology
Weatherford International Ltd. today announced that it has entered into an agreement with CurTran LLC to use, sell, and distribute LiteWire, the first commercial scale production of a carbon nanotube technology in wire and cable form. “With LiteWire products, we gain exclusivity to a revolutionary technology that will greatly add …