Weatherford
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The service companies plan to co-market an emerging well control system that can integrate with established managed-pressure-drilling components to enhance well construction safety and efficiency. -
A former chief operating officer at Exterran Corp. will take the helm of the Houston-based oilfield services company in October.
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Weatherford will embed INT’s IVAAP framework into the Weatherford Centro digital well delivery software, advancing its data-visualization capabilities.
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The 18-month contract is for work in the Al-Nasiriyah oil field in southern Iraq’s Dhi Qar province.
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Weatherford announced that Mark A. McCollum, president, CEO, and a director, has left the company, effectively immediately.
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The oilfield services company's Tubular Running Service was recognized for reducing costs, maximizing safety.
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With US oil prices struggling to top $25, oil companies and service providers are making deeper cuts this month to cope. The biggest come from Halliburton which may have shed 5,000 total jobs since the start of the year.
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Financial Fallout: For two big companies, tougher times call for tougher actions.
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The company also secured $2.6 billion in exit financing facilities, including a $450-million revolving credit facility, as well as a $195-million letter of credit facility and more than $900 million of liquidity.
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The company, which filed for Chapter 11 protection in June, revised downward its revenue projections amid lower expectations for the US oilfield services market and oil prices.
