Post Tagged with: "Weatherford"

Weatherford provides financial update and announces intention to delist from the New York Stock Exchange

Weatherford provides financial update and announces intention to delist from the New York Stock Exchange

Oil and Gas 360


HOUSTONApril 15, 2020 /PRNewswire/ — (OTCPINK: WFTLF) Weatherford International plc (“Weatherford” or the “Company”) provided an update today on its expected results for the first quarter of 2020 and announced its intention …

Weatherford posts $821 million loss during third quarter

Weatherford posts $821 million loss during third quarter

Switzerland and Houston-based oil field service company Weatherford International posted an $821 million loss during the third quarter — marking 19 consecutive quarters of losses for the bankrupt company.

Weatherford posts $821 million loss during third quarter - oil and gas 360

Weatherford did not host an earnings call as most publicly traded …

October 31, 2019 - 8:10 am Closing Bell Story‎, Earnings, Oilfield Services
Photo: Eddie Seal

Weatherford lands three contracts in Iraq

Source: Houston Chronicle


Struggling oilfield service company Weatherford International has landed three contracts in the oil fields of Iraq.

In a statement released Tuesday afternoon, Weartherford reported that the company has been awarded a pair of two-year drilling rig contracts …

October 9, 2019 - 11:30 am Closing Bell Story‎, International, Oilfield Services
Weatherford Files for Bankruptcy Protection

Weatherford Files for Bankruptcy Protection

From The Houston Chronicle


The oilfield services company Weatherford International filed for Chapter 11 bankruptcy protection Monday, after struggling to assimilate the companies it bought during a quest for growth, taking …

Bankruptcy Looms for Oil and Gas Companies

Bankruptcy Looms for Oil and Gas Companies

Weatherford plans pre-packaged Chapter 11
By Richard Rostad, analyst, Oil & Gas 360

The Q4 2018 price crash is poised to claim several victims, as Weatherford (ticker: WFT) is filing Chapter 11 and two E&P companies are likely to announce

JPMorgan Presses Weatherford Over Debt Load

JPMorgan Presses Weatherford Over Debt Load

From Bloomberg

Lenders to Weatherford International Plc have hired advisers to review whether the oil services company can keep up with payments on its $8 billion debt load.

JPMorgan Chase & Co., the agent for the lenders, picked consultants at …

Weatherford Completes Sale of Land Drilling Rigs

Weatherford Completes Sale of Land Drilling Rigs

Weatherford Completes Sale of Land Drilling Rigs

March 25, 2019 - 8:06 pm Closing Bell Story‎, Press Releases
Heard on the Call: Weatherford Targeting $1 Billion in Yearly EBITDA

Heard on the Call: Weatherford Targeting $1 Billion in Yearly EBITDA

Weatherford (ticker: WFT) reported third quarter results today, showing a net loss of $199 million, or ($0.20) per share.

$1.44 billion in revenue, down from $1.45 billion in Q2
Net cash from operations of ($32 million)
EBITDA of $195 million,

Well Completions JV with Weatherford and Schlumberger Checks Off DOJ Clearance

Well Completions JV with Weatherford and Schlumberger Checks Off DOJ Clearance

Weatherford International plc (ticker: WFT) said that the U.S. Department of Justice has cleared the proposed OneStimSM joint venture between two oilfield service giants—Weatherford and Schlumberger Ltd. (ticker: SLB)—granting early termination of the waiting period required by the Hart-Scott-Rodino …

November 30, 2017 - 4:58 pm Closing Bell Story‎, Energy News, Oil and Gas 360 Articles
Weatherford International plc

Weatherford International (WFT) Targets $1 Billion Cost Savings in 18-24 Months

How? Treat the $1 billion as a thousand $1 million decisions – McCollum

Swiss-based oilfield service giant Weatherford International plc (ticker: WFT) reported a net loss of $256 million, or ($0.26) per share on revenues of $1.46 billion for the …