Oil and gas companies track and incentivize a variety of metrics, but these actions can inadvertently lead to lower production levels and affect lifting costs.If there’s an incentive for fast drilling instead of precisely placed wellbores that maximize contact with sweet spots, the wellbore will miss out on potential production of hydrocarbons, says John Clegg, Weatherford’s drilling fellow.Or a wellbore might have a lot of tortuosity…
Texas-based oilfield services company Weatherford has won a five-year contract to provide Intervention Services for Petróleo Brasileiro S.A. ('Petrobras') in Brazil.'Weatherford has performed Intervention Services in Brazil for more than 20…
Oilfield services company Weatherford has appointed Arun Mitra as the Company’s Executive Vice President and Chief Financial Officer.Before joining Weatherford, Mitra served as the Executive Vice President and Chief Financial Officer of Mitsubishi Power Americas Inc…
U.S. oilfield services company Weatherford International announced Monday that H. Keith Jennings, Executive Vice President and Chief Financial Officer, would leave the company on July 31, 2022. '[Jennings'] leaving the company is not the result…
Safe Influx, an Aberdeen-based well control company, said Thursday that the rig trial of the industry’s first-ever integration of Managed Pressure Drilling (MPD) and Automated Well Control technology has been completed. 'Following months of preparation by Weatherford…
Norway's Safe labor union has come to an agreement with employers over wages and other conditions at oil service companies, it said on Thursday, preventing a strike among workers.The bargaining covered drillers, well service crews, and other workers at oil industry subcontractors Schlumberger…
With the energy transition gaining pace, several exploration and production (“E&P”) companies have adjusted their business models; both to reduce emissions and to mitigate climate-related business risks. E&Ps may be grabbing the headlines regarding…
Oilfield services firm Weatherford has said it has helped an unnamed U.S. Gulf of Mexico operator achieve 'an industry first.'Weatherford said that its Shallow Angle QuickCut System successfully achieved the industry’s first 12 ¼-in. casing sidetrack…
Oilfield services giant Weatherford has entered a collaboration agreement with the automated well technology specialist with Safe Influx.The two companies say the collaboration would focus on revolutionizing well integrity during the construction…
Oilfield services company Weatherford will appoint Girish K. Saligram as its President and CEO effective October 12, 2020.He will replace the interim CEO Karl Blanchard who took the role after the previous CEO Mark A. McCollum left the company in June…
U.S. oilfield services company Weatherford has said that Mark A. McCollum, President, Chief Executive Officer, and a director, has left the company, effective immediately. McCollum, an executive with four decades of experience in the oil and gas industry…
Oilfield services company Weatherford International announced on Thursday that Christoph Bausch will step down as Executive Vice President and Chief Financial Officer effective November 14, 2019 to pursue other opportunities. He will remain with the Company through November 30…
Oilfield services firm Weatherford has introduced ForeSite Flow, a flow-measurement solution driven by Production 4.0 intelligence.Unveiled this week at ADIPEC 2019, ForeSite Flow is a full-range, non-nuclear multiphase flowmeter paired with Weatherford ForeSite intelligence…
As the oil and gas industry increasingly automates functions, one service company has focused on changing the focus from dumb iron to the cloud.Weatherford’s vision is to take its range of production tools and technologies to the next level by bringing them together with the basics of Industry 4…
Oilfield services company Weatherford International announced it has secured a contract with Brazilian-based multinational corporation Petróleo Brasileiro S.A., more commonly known as Petrobras, to deliver 24 Optimax deep-set safety valves in the next four years…
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