fetching latest news

News tagged in:  

Weatherford International NEWS

Weatherford secures its biggest ever fishing and intervention contract
Sept. 11, 2019
Source: World Oil

Weatherford secures its biggest ever fishing and intervention contract

Oilfield services major, Weatherford has secured its biggest-ever fishing and intervention contract from Petrobras. The deal valued at $87 million will see Weatherford delivering fishing and intervention services to Petrobras. The four-year contract awarded to the Brazilian state-run firm also represents the largest single global award for this kind of work in the recent past.

Weatherford launches AlphaST
Aug. 2, 2019
Source: World Oil

Weatherford launches AlphaST

A new single-trip openhole and sidetrack system has been launched by Weatherford. The system can initiate sidetrack operations without a cement plug. AlphaST will enhance operator flexibility, eliminate multiple trips, and avoid costly cementing operations. Weatherford's President said, "AlphaST enables operators to avoid the cost and time of setting a cement plug; waiting on cement to dry and time drilling".

Weatherford's TR1P sets new industry benchmark
March 27, 2019
Source: World Oil

Weatherford's TR1P sets new industry benchmark

The world's first remote-activated, single-trip deepwater completion system has been introduced by Weatherford. This system reduces the installation time between 40% and 60% and rig time by four to six days. The system deploys radio-frequency identification technology and delivers intervention less operation in producer and injector wells. Weatherford's TR1P combines the upper and lower completions in one trip and has set a new industry benchmark.

Weatherford completes sale of land drilling operations
Nov. 3, 2018
Source: World Oil

Weatherford completes sale of land drilling operations

Weatherford International has completed its sale of land drilling operations in Kuwait. The company has sold 12 drilling rigs to ADES International Holding for $123 million and the delivery of two idle land drilling rigs in southern Iraq are pending. Weatherford’s subsidiary signed a definitive agreement with ADES in July 2018 for the sale of its Algeria, Kuwait and Saudi Arabia. It also included two idle rigs in Iraq.

Weatherford reports $199 mn loss in Q3
Oct. 30, 2018
Source: Energy Voice

Weatherford reports $199 mn loss in Q3

USA’s oilfield services firm Weatherford International reported heavy losses in its third quarter earnings. The firm went through a loss of $199 million which is slightly less than a loss of $256 million last year. The revenue of the company also dropped and was $1.44 billion. The CEO of the company commented that this condition was due to the inefficiencies of supply chain and manufacturing.

Weatherford releases newly designed pumping unit
July 18, 2018
Source: Weatherford

Weatherford releases newly designed pumping unit

Oilfield services provider, Weatherford International yesterday released a newly designed Rotaflex pumping unit which improves the artificial-lift efficiency in challenging applications, such as deep, high-volume and high Gas-to-liquids (GTL) wells. The new design has been enhanced in ways that it improves reliability and maintainability, provides greater accessibility, and comes with an enhanced lubrication system and a renewed ladder system.

Weatherford sells its drilling rig business
July 13, 2018
Source: Rigzone

Weatherford sells its drilling rig business

ADES has entered into an acquisition agreement amounting to $287.5m to buy Weatherford subsidiary’s land drilling rig operations in Algeria, Kuwait, and Saudi Arabia. The agreement will give ADES the ownership of 31 land drilling rigs and related drilling contracts. ADES International Holding has said that the deal will expand its total fleet and more than double its operational fleet. The deal is expected to close by 2018.

Magnus Rotary Steerable system introduced by Weatherford
April 30, 2018
Source: World Oil

Magnus Rotary Steerable system introduced by Weatherford

Magnus rotary steerable system has been introduced by Weatherford International. This push-the-bit tool combines reliable, high-performance drilling with precise directional control. According to the president of drilling and evaluation at Weatherford, the system represents a major shift in Weatherford’s approach to directional drilling and holds immense potential to disrupt the status-quo steerable rotary market.

Please Login to Save News for Later