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India

Weatherford International PLC (WFT.N)

WFT.N on New York Stock Exchange

2.61USD
17 Aug 2018
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Latest Key Developments (Source: Significant Developments)

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
Wednesday, 29 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

Weatherford International Q3 loss per share $0.26
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Weatherford International Plc :Weatherford reports third quarter 2017 results.Q3 revenue $1.46 billion versus I/B/E/S view $1.48 billion.Q3 loss per share $0.26.Q3 earnings per share view $-0.24 -- Thomson Reuters I/B/E/S.Weatherford International Plc - ‍specific actions to achieve $300 million in cost savings are already underway​.Weatherford International Plc - qtrly non-GAAP diluted net loss of $0.22 per share​.Weatherford International Plc - with negative free cash flow during quarter, co's "highest priority is free cash flow generation"​.Weatherford -‍sequentially, Q3 north america revenue up 13% due to higher U.S. Average land rig count, seasonal recovery from spring break-up in Canada​.Weatherford International - initiated transformation program targeting improvements in results of about $1 billion, with timeline of 18-24 mnths ‍​.  Full Article

Weatherford announces closing of registered exchange offer for previously issued 9.875 pct senior notes due 2024
Tuesday, 24 Oct 2017 

Oct 23 (Reuters) - Weatherford International Plc ::Weatherford announces closing of registered exchange offer for previously issued 9.875% senior notes due 2024.  Full Article

Weatherford appoints Karl Blanchard as Chief Operating Officer
Tuesday, 22 Aug 2017 

Aug 21 (Reuters) - Weatherford International Plc :Weatherford appoints Karl Blanchard as Chief Operating Officer.Previously, Blanchard spent more than 30 years at Halliburton Company where he held senior leadership positions.  Full Article

Weatherford says as of Sept 27, resolved previously disclosed investigation by SEC
Tuesday, 27 Sep 2016 

Weatherford International Plc : As of september 27, resolved previously disclosed investigation by securities and exchange commission . Penalty of $50 million due within 21 days and three installments of $30 million due within 120, 240 and 360 days . Investigation concerning accounting issues associated with material weakness in internal control over financial reporting for income taxes . As part of terms of sec settlement, company has also agreed to pay a civil monetary penalty of $140 million .Company to prepare and deliver certain reports to sec for next two years.  Full Article

Weatherford launches two new divestiture processes

* Weatherford International on Tuesday said a divestiture of its land drilling rigs was 'taking longer than expected'