Weatherford International Plc
About
Weatherford is the leading wellbore and production solutions company. Operating in more than 80 countries, the company answers the challenges of the energy industry with its global talent network of 24,000 team members and 610 locations, which include service, research and development, training, and manufacturing facilities.
Editor's note: Updated March 23, 2020.
Transactions
Weatherford Agrees To Sell Data Logging Business
Weatherford Agrees To Sell Data Logging Business
Weatherford To Sell Land Drilling Rigs For $288 Million
Weatherford To Sell Land Drilling Rigs For $288 Million
Weatherford Scraps Joint Venture, Sells A Business To Schlumberger
Weatherford Scraps Joint Venture, Sells A Business To Schlumberger
Schlumberger, Weatherford To Form OneStim JV
Schlumberger, Weatherford To Form OneStim JV
Schlumberger, Weatherford To Form OneStim JV
Schlumberger, Weatherford To Form OneStim JV
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New Financings
Priced an offering of 6.5% senior secured first lien notes due 2028 at an issue price of 100.0%. Proceeds…
Opened a private offering of senior unsecured notes due 2024 in order to repay outstanding amounts under…
Closed the public offering of 115 million common shares priced at $5.65 each. Net proceeds will support…
Priced its public offering of 100 million common shares at $5.65 each. The net proceeds will support…
Cancelled the concurrent underwritten public offering of ordinary shares and mandatorily exchangeable…
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News
Weatherford CEO: Rocky Offshore Market to Rebound in 2026
Volatility in 2025 has created a ‘temporary blip,’ in the market, but amid commodity price turmoil Weatherford CEO Girish Saligram sees pockets of strength in the global oil market.
E&P Highlights: April 21, 2025
Here’s a roundup of the latest E&P headlines, from new LNG production offshore Africa to new seismic maps offshore Mauritania.
Oilfield Services Outlook Goes from Not Great to Not Good
Piper Sandler Analyst Derek Podhaizer studied how the market reacted to previous price shocks to determine the 2025 playbook for the oilfield services sector.
E&P Highlights: Feb. 18, 2025
Here’s a roundup of the latest E&P headlines, from new activity in the Búzios field offshore Brazil to new production in the Mediterranean.
As Upstream M&A Settles, Oilfield Services Gear Up for More Deals
Within the first nine months of 2024, oilfield services dealmaking hit $19.7 billion—the highest since 2018, according to Deloitte.
E&P Highlights: Nov. 11, 2024
Here’s a roundup of the latest E&P headlines, including Equinor’s acquisition of a stake in a major project and a collaboration between oilfield service companies.
Weatherford Announces Acquisition of Technology Company Datagration
The acquisition gives Weatherford International digital offerings for production and asset optimization and demonstrates its commitment to continuously driving innovation across its technology portfolio, the company said.
Amid Flagging US Activity, OFS Sector Looks to 2025—and Overseas
Despite a slowdown in U.S. activity expected to last until 2025, overseas and offshore markets helped the oilfield services sector deliver solid second-quarter results.
As Oil Production Scales the Heights, Texas E&P Jobs Disappear —TXOGA
As operational efficiencies give E&Ps the ability to produce more oil with fewer rigs, Texas employment in the oil patch has fallen five out of the first six months of 2024.
Wood Mackenzie: OFS Costs Expected to Decline 10% in 2024
As service companies anticipate a slowdown in Lower 48 activity, analysts at Wood Mackenzie say efficiency gains, not price reductions, will drive down well costs and equipment demand.
Despite Slowing NAM Activity, Weatherford Declares First-ever Dividend
Weatherford reported a softer North America market but strong overseas growth, leading the company’s board to authorize its first share buyback program and first quarterly dividend.
Seeing is Believing: Fiber Optics for CO2 Storage Monitoring
Fiber optic systems can offer CO2 plume insights in CCS applications, according to services company Weatherford.
E&P Highlights: June 10, 2024
Here’s a roundup of the latest E&P headlines, including a decline in global drilling activity and new contract awards.
Weatherford to Deliver Drilling Services to Bapco Upstream in Bahrain
The contract with Bapco Energy subsidiary Bapco Upstream replaces Weatherford’s old drilling services contract from 2015.
Weatherford, Equinor Extend Completions, Slot Recovery Agreement
Weatherford’s technology will provide Equinor with simplified downhole architecture, cost savings and remote monitoring.
IndustryVoice
IndustryVoice: Permanent Magnet Motors - The Revolutionary, Step-Change Improvement for Artificial Lift Energy Efficiency
Two Weatherford thought leaders share their knowledge in this Q&A exchange.