International oilfield services firm Weatherford will cut another 2000 jobs from its workforce, taking the total number of planned job cuts to 10,000. Weatherford’s move follows Schlumberger announcing last week a further 11,000 job cuts…
Weatherford provides a video illustration of managed pressure drilling (MPD) rig integration, and adjustment to the drilling industry’s technology to address operational obstacles of today’s deepwater projects. Weatherford and Petrobras…
With the discovery of deepwater pre-salt reservoirs offshore Brazil, national operator Petrobras began complex drilling operations to uncork the massive hydrocarbon reserves under these salt layers, which acted as seals, preventing the oil and gas from escaping…
US oilfield services giant Weatherford has joined its big three competitors in announcing a headcount reduction amounting to thousands as the industry faces cut backs into 2015. Weatherford says it is targeting a 5000 cut in staff, more than 85% of which will be in the Western Hemisphere…
Weatherford International plc signed a definitive agreement with an affiliate of the Lubrizol Corp. for the sale of the Weatherford’s engineered chemistry and integrity drilling fluids business. The businesses will be sold for US$750 million in cash…
Penspen announces the addition of two high-profile new appointments to its executive committee, including chief operating officer and executive vice president, sales and marketing. Top: Brown…
Weatherford Secure Drilling services contracted 2H Offshore to manage the design and delivery of the riser equipment for its managed pressure drilling (MPD) system. The system is expected to be delivered by 2015. The project award follows a feasibility study conducted by 2H Offshore…
Weatherford International licensed the Ikon Science RokDoc RT software system to support its global rig-based real-time pore pressure specialists team. The RokDoc RT system provides critical modelling tools that allow the pore pressure specialists…
Statoil awarded Weatherford International a US$400 million contract for the delivery of tubular running services on 19 drilling units in Statoil’s portfolio. The six-year contract has an option for two consecutive two-year extensions…
Baker Hughes Inc. completed the acquisition of Weatherford’s pipeline and specialty services business for US$250 million. The total consideration includes $241 million in cash and $9 million in retained working capital. The purchase…
Optimum completion. Photo from Weatherford. Weatherford’s Yvonne McAnally and Ben Lake show how collaboration and integrated methodology delivered an operator’s first subsea well project in Norway…
In episode two of Weatherford's well construction video series, the company highlights and explains how its well-construction offering can improve well integrity and drilling reliability during operations. Take a look at Weatherford…
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 US$250 million, including…
New technology Improving baseline survey accuracy was required to respond to challenges associated with Israel’s Tamar project. The cost of deepwater pipeline repair makes inspection accuracy critical to assessing pipeline integrity.…
The combined application of the ISO-MAX security packer and selective rotation and circulation tool (SRCT) helped a North Sea operator prevent losses during well displacement, thus ensuring well integrity and improving the chances of a successful completion…