Search results for: Weatherford

178 results

A list of search results

  • 8 October 2014
    Business & Finance, Equipment, Project & Tenders

    2H Offshore, an Acteon company, has been appointed by Weatherford Secure Drilling services to manage the design and delivery of the riser equipment for its Managed Pressure Drilling (MPD) system. The project award follows a successful feasibility study carried out by 2H Offshore, which outlined multiple integrated concepts for the system. 2H’s scope of work […]

  • 8 October 2014
    Business & Finance, Equipment

    2H Offshore, an Acteon company, has been appointed by Weatherford Secure Drilling® services to manage the design and delivery of the riser equipment for its Managed Pressure Drilling (MPD) system.   The project award follows a feasibility study carried out by 2H Offshore, which outlined multiple integrated concepts for the system. 2H’s scope of work […]

  • 3 April 2014
    Business & Finance

    Weatherford International Ltd. has announced that its Board of Directors has approved changing its place of incorporation from Switzerland to Ireland. Weatherford’s shareholders will be asked to approve the proposed change at an Extraordinary General Meeting of Shareholders expected to be held in June 2014. Bernard J. Duroc-Danner, Weatherford’s Chairman, President and Chief Executive Officer, […]

  • 24 March 2014

    Weatherford International Ltd. and Baker Hughes Incorporated announce today that they have signed an agreement for the sale of Weatherford’s pipeline and specialty services business to a subsidiary of Baker Hughes for a total consideration of $250 million, including $241 million in cash and $9 million in retained working capital. The sale is part of […]

  • 24 March 2014
    Business & Finance

    Weatherford International Ltd. and Baker Hughes Incorporated have signed an agreement for the sale of Weatherford’s pipeline and specialty services business to a subsidiary of Baker Hughes for a total consideration of $250 million, including $241 million in cash and $9 million in retained working capital. The sale is part of Weatherford’s previously announced plan […]

  • 30 September 2016

    Oil services company Weatherford has agreed to pay a $140 million penalty to settle the U.S. Securities and Exchange Commission (SEC) claims that it inflated earnings by using deceptive income tax accounting. The agency stated on Tuesday that two of the company’s senior accounting executives at the time have agreed to settle charges that they were […]

  • 25 August 2010

    Weatherford International Ltd. announced that they will hold a press conference at the Offshore Northern Seas Conference, 25 August, in Stavanger Norway. It will be held in the press conference room in Exhibit Hall A from 9:00-9:45 AM. All media correspondents are invited to attend the presentation by Egill Abrahamsen, global technical manager, Tubular Running […]

  • 13 September 2019
    Project & Tenders

    Weatherford International has signed an $87 million contract for fishing and intervention services with Petróleo Brasileiro (Petrobras). The four-year agreement represents the largest fishing contract ever signed by Weatherford. “Weatherford is the global leader for fishing and intervention services which facilitated this contract win,” said Dean Bell, president of Well Construction for Weatherford. “Customers trust […]

  • 21 June 2011
    Business & Finance

    BP today announced that it has reached agreement with Weatherford U.S., L.P. (“Weatherford”) to settle potential claims between the companies related to the Deepwater Horizon accident. BP and Weatherford have agreed to mutual releases of potential claims against each other, and BP has agreed to indemnify Weatherford for compensatory claims resulting from the accident, including […]

  • 6 May 2015
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Aberdeen-headquartered EFC Group has been awarded multiple multi-million dollar contracts by oilfield services company, Weatherford. According to EFC Group, the company has developed a long-term relationship with Weatherford, leading to multiple contract awards for Managed Pressure Drilling equipment supply to support the Weatherford Secure Drilling services business. These contract wins include the design and supply […]

  • 10 November 2016
    Business & Finance

    After almost 30 years with the firm, Chairman and Chief Executive Officer of oil and gas services company Weatherford International has departed the company with immediate effect. Weatherford International said on Wednesday that, after Bernard Duroc-Danner, Chairman, President, and CEO of the company departs, Robert Rayne who is the current Vice Chairman of the Board, […]

  • 1 May 2012
    Business & Finance, Operations & Maintenance, Project & Tenders

    Global-leading energy production technology services company Proserv is bolstering its rapidly-expanding subsea capabilities and specialist integrated services and increasing its workforce by more than 300 people. Proserv, which has operations globally, has agreed terms to assume Weatherford International’s subsea controls’ business, which specializes in subsea and topside communication and control systems and subsea termination equipment […]

  • 2 September 2019
    Business & Finance, Equipment

    U.S. oilfield services player Weatherford has said it has signed an $80 million liner-hanger frame agreement with Norway’s Equinor.

  • 10 November 2014
    Project & Tenders, Research & Development

    Conductor Installation Services Ltd (CIS), an Acteon company that provides hammer services to install conductors and drive piles, announced that it has entered into a global master services agreement with Weatherford International. The agreement requires CIS to supply conductor and pile installation services, and associated equipment to Weatherford.  Exclusive Contract Reflects Long-term Relationship The exclusive global contract […]

  • 19 October 2012
    Business & Finance, Operations & Maintenance

    Conductor Installation Services Ltd (CIS), an Acteon company, announced that it has been awarded a USD multi-million contract by Weatherford Kazakhstan to provide conductor-driving services in Kazakhstan. The contract requires CIS to carry out up to eight conductor-driving operations annually on wells offshore in the Caspian Sea for a number of major operators. CIS will […]

  • 3 September 2014
    Business & Finance, Project & Tenders

    Baker Hughes Incorporated and Weatherford International plc announced that they have closed the previously announced purchase and sale of Weatherford’s pipeline and specialty services business. The acquisition provides Baker Hughes with an expanded range of pre-commissioning, deepwater and in-line inspection services worldwide. The addition of over 700 process and pipeline specialists to Baker Hughes’ Process […]

  • 3 September 2014
    Business & Finance

    This acquisition adds sophisticated subsea pipeline commissioning services and new ultrasonic in-line inspection technologies to the Baker Hughes portfolio

  • 22 September 2015
    Business & Finance

    Weatherford International, an oil and natural gas service company, has decided not to pursue its previously announced concurrent public offerings of ordinary shares of the company and mandatorily exchangeable subordinated notes of Weatherford International Ltd., a Bermuda exempted company and wholly owned subsidiary of the company.  Namely, Weatherford on Monday issued a press release stating it would […]

  • 1 May 2012
    Business & Finance

    Global-leading energy production technology services company Proserv based in Aberdeen, is bolstering its rapidly-expanding subsea capabilities and specialist integrated services and increasing its workforce by more than 300 people. Proserv, which has operations globally, has agreed terms to assume Weatherford International’s subsea controls’ business, which specializes in subsea and topside communication and control systems and […]

  • 13 October 2017
    Business & Finance

    Weatherford International, an oil and gas services company, has been awarded a contract for plug and abandonment (P&A) services by Repsol Norge AS. Weatherford said that work on the contract would begin in October 2017. The company added that the contract would be completed over a period of three years. The contract scope encompasses multiple […]

  • 13 September 2019
    Business & Finance

    Oilfield service company Weatherford has signed an $87 million contract for fishing and intervention services with Brazilian oil company Petrobras.

  • 13 May 2019
    Business & Finance

    Houston-based oilfield services provider Weatherford will file for a Chapter 11 bankruptcy protection as part of an agreement with a group of its senior noteholders.