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Weatherford International PLC (WFT.N)

WFT.N on New York Stock Exchange

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15 Nov 2018
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Latest Key Developments (Source: Significant Developments)

Weatherford Awarded Drillpipe Riser Contract With Petrobras
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Weatherford International PLC ::PRESS RELEASE WEATHERFORD AWARDED DRILLPIPE RISER CONTRACT WITH PETROBRAS.WEATHERFORD INTERNATIONAL PLC - CONTRACT IS EXPECTED TO YIELD APPROXIMATELY $80 MILLION IN REVENUE DURING INITIAL FOUR-YEAR PERIOD.WEATHERFORD INTERNATIONAL PLC - WEDNESDAY'S CONTRACT TO REPLACE CURRENT 5-SYSTEM CONTRACT THAT BEGAN IN MAY 2009.  Full Article

Weatherford Awarded Drillpipe Riser Contract With Petrobras
Wednesday, 7 Nov 2018 

Weatherford International PLC ::WEATHERFORD AWARDED DRILLPIPE RISER CONTRACT WITH PETROBRAS.WEATHERFORD INTERNATIONAL - CONTRACT IS EXPECTED TO YIELD APPROXIMATELY $80 MILLION IN REVENUE DURING INITIAL FOUR-YEAR PERIOD.WEATHERFORD INTERNATIONAL PLC - CONTRACT WILL REPLACE A CURRENT FIVE-SYSTEM CONTRACT THAT BEGAN IN MAY 2009..  Full Article

Weatherford International Plc says during Q3, Co fell short of its revenue and cash flow goals
Monday, 29 Oct 2018 

Oct 29 (Reuters) - Weatherford International PLC ::WEATHERFORD INTERNATIONAL PLC SAYS DURING Q3, CO FELL SHORT OF ITS REVENUE AND CASH FLOW GOALS.WEATHERFORD SAYS IN QUARTER, SAW IMPACT DUE TO "TRANSITORY SUPPLY CHAIN AND MANUFACTURING INEFFICIENCIES" & CONTINUED CHALLENGES CONVERTING INVENTORIES TO CASH.WEATHERFORD SAYS COMPARED TO Q2, REVENUE IN Q3 IN CANADA IMPROVED SEASONALLY BUT WERE OFFSET BY LOWER RESULTS IN U.S. AND NEGATIVE FOREX IMPACTS IN LATAM.  Full Article

Weatherford Reports Q3 2018 Results
Monday, 29 Oct 2018 

Oct 29 (Reuters) - Weatherford International PLC ::WEATHERFORD REPORTS THIRD QUARTER 2018 RESULTS.Q3 LOSS PER SHARE $0.20.Q3 REVENUE $1.44 BILLION VERSUS I/B/E/S VIEW $1.52 BILLION.Q3 EARNINGS PER SHARE VIEW $-0.12 -- THOMSON REUTERS I/B/E/S.Q3 NON-GAAP LOSS PER SHARE $0.10 EXCLUDING ITEMS.IN QUARTER, RECORDED PRE-TAX CHARGES OF $95 MILLION.WILL REACH $1 BILLION RUN-RATE IMPROVEMENT TARGET BY END OF 2019..  Full Article

Weatherford Announces Sale Of Laboratory Services Business
Monday, 22 Oct 2018 

Oct 22 (Reuters) - Carlyle Group LP ::WEATHERFORD ANNOUNCES SALE OF LABORATORY SERVICES BUSINESS.WEATHERFORD INTERNATIONAL PLC - PROPOSED DEAL FOR $205 MILLION IN CASH..WEATHERFORD INTERNATIONAL PLC - UPON CLOSING, WEATHERFORD WILL USE PROCEEDS TO REDUCE ITS DEBT..WEATHERFORD INTERNATIONAL PLC - WEATHERFORD WILL DIVEST ITS LABORATORY AND GEOLOGICAL ANALYSIS BUSINESS, INCLUDING PERSONNEL AND ASSOCIATED CONTRACTS.WEATHERFORD INTERNATIONAL - SIGNED AGREEMENT TO SELL LABORATORY SERVICES BUSINESS TO GROUP LED BY CSL CAPITAL MANAGEMENT LP.  Full Article

Weatherford eyes additional business divesture in 3Q 2018
Friday, 27 Jul 2018 

July 27 (Reuters) - Weatherford International PLC ::SAYS IT EXPECTS RECURRING COST SAVINGS OF $400 MILLION BY YEAR-END.EXPECTS TO COMPLETE ANOTHER DIVESTURE IN THE THIRD QUARTER OF 2018.HAS REACHED 20 PERCENT OF GOAL TO HIT $1 BLN IN COST SAVINGS BY 2019, EXPECTS TO HIT 30 PERCENT OF TARGET BY 3Q - CEO.FORECASTS 3Q CAPITAL EXPENDITURE OF $70 TO $90 MILLION.EXPECTS FURTHER GROWTH IN MIDDLE EAST AND AN INCREASE IN ACTIVITY GOING FORWARD.  Full Article

Weatherford Reports Q2 Adj Net Loss $0.16
Friday, 27 Jul 2018 

July 27 (Reuters) - Weatherford International PLC ::WEATHERFORD REPORTS SECOND QUARTER 2018 RESULTS.Q2 LOSS PER SHARE $0.26.Q2 EARNINGS PER SHARE VIEW $-0.18 -- THOMSON REUTERS I/B/E/S.Q2 REVENUE $1.45 BILLION VERSUS I/B/E/S VIEW $1.47 BILLION.QTRLY NON-GAAP NET LOSS $0.16.  Full Article

Weatherford Sells 50 Pct Of Sunita Hydrocolloids Joint Venture
Friday, 20 Jul 2018 

July 20 (Reuters) - Weatherford International PLC ::PRESS RELEASE - WEATHERFORD SELLS 50 PERCENT OF SUNITA HYDROCOLLOIDS INC. JOINT VENTURE.WEATHERFORD INTERNATIONAL PLC - WEATHERFORD WILL USE PROCEEDS TO REDUCE ITS DEBT..WEATHERFORD INTERNATIONAL PLC - HAS SOLD ITS STAKE TO JOINT VENTURE PARTNERS FOR AN UNDISCLOSED AMOUNT AS PART OF ITS PORTFOLIO RATIONALIZATION.WEATHERFORD INTERNATIONAL PLC - WEATHERFORD SOLD STAKE TO JV PARTNERS FOR AN UNDISCLOSED AMOUNT.  Full Article

Superior Drilling Products Announces Joint Market Development Agreement With Weatherford
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Superior Drilling Products Inc ::SUPERIOR DRILLING PRODUCTS, INC. ANNOUNCES JOINT MARKET DEVELOPMENT AGREEMENT WITH WEATHERFORD.SUPERIOR DRILLING PRODUCTS -WEATHERFORD AND CO TO DEMONSTRATE DRILL-N-REAM CAPABILITIES WITH MIDDLE EAST OPERATORS IN SAUDI ARABIA, KUWAIT, OMAN.  Full Article

Weatherford International Says U.S. DoJ Has Cleared Proposed OneStim Joint Venture Between Weatherford And Schlumberger
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Schlumberger NV ::WEATHERFORD INTERNATIONAL PLC - U.S. DEPARTMENT OF JUSTICE HAS CLEARED PROPOSED ONESTIM JOINT VENTURE BETWEEN WEATHERFORD AND SCHLUMBERGER LTD.  Full Article

Shares in oilfield firm Weatherford International drop below $1

HOUSTON Shares of oilfield services firm Weatherford International on Tuesday slipped below $1 apiece, to a 29-year low, the latest sign that investors are losing confidence in its turnaround plan.