Weatherford

Well Completions JV with Weatherford and Schlumberger Checks Off DOJ Clearance

November 30, 2017

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 Antitrust Improvements Act of 1976. This paves the way for a Q4 2017 closing, which Weatherford had projected in October. Schlumberger

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

November 2, 2017

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 third quarter of 2017. Weatherford reported segment operating income of $34 million. Weatherford President and CEO Mark A. McCollum said, “Our highest priority is free

Well Completions JV with Weatherford and Schlumberger Checks Off DOJ Clearance

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

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