BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 21.May.2026, Words: 137) — Esso Exploration & Production Nigeria Ltd. (EEPNL), an ExxonMobil affiliate, awarded Weatherford International plc a deepwater integrated completions contract for offshore Nigeria. While financial details were not revealed by either company, the contract falls within Weatherford’s well construction and completions […]
Tag: Weatherford International plc
Weatherford Releases 1Q:24 Financial, Operational Results
(Weatherford, 24.Apr.2024) — Weatherford International plc (NASDAQ: WFRD) announced its results for the first quarter of 2024 and operational updates from Oman, the U.S. Gulf of Mexico, Canada, Thailand and beyond. ____________________
US Oil Services Firms Join Push for Revamped Venezuela License
(Reuters, 21.Apr.2022) — Some U.S. oilfield firms whose Venezuelan operations were frozen by sanctions are joining an appeal to Washington for authorizations to restart oil drilling in the South American country, according to eight sources with knowledge of the talks. If they are allowed to resume work, Venezuela could quickly […]
Weatherford Reveals 2Q:21 Results
(Weatherford, 28.Jul.2021) — Weatherford International plc (NASDAQ: WFRD) announced its results for the second quarter of 2021. Revenues for the second quarter of 2021 were $903mn, an increase of 9% sequentially and 10% year-on-year. Reported operating income was $25mn in the second quarter of 2021, compared to an operating loss of $13 […]
LatAm Briefs: Ofac Venezuela, SEOGS2021 Kicks Off, Net Zero Summit
(Energy Analytics Institute, 1.Jun.2021) — Energy briefs from the Latin America and Caribbean region including: Ofac extending Chevron’s operating license in Venezuela; Microsoft founder, Bill Gates, participating in the Innovating To Net Zero Summit; and the kick off of the Suriname Energy, Oil and Gas Summit (SEOGS2021). Ofac Extends Chevron’s […]
Weatherford 2Q:20 Conference Call Details
(Weatherford, 5.Aug.2020) — Weatherford International plc will host a conference call on Wednesday, 5 August 2020, to discuss the results for the second quarter ending 30 June. The conference call is scheduled to begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). Listeners can access the conference call online […]
Weatherford Signs Four-Year Contract with Eni S.p.A
(Weatherford, 8.Jul.2020) — Weatherford International plc has been awarded an exclusive four-year contract with Eni S.p.A. The contract will provide a minimum of 30 Non-Umbilical Downhole Deployment Valves (NU-DDV™) that will be deployed in Eni’s critical wells, improving their operational safety and reservoir performance. “This award is the result of two […]
Trump Tells Chevron To “Wind Down” In Venezuela
(AP, 21.Apr.2020) — The Trump administration on Tuesday ordered Chevron Corp. to “wind down” operations in Venezuela by Dec. 1, barring the California-based oil giant in the meantime from drilling or exporting, as the U.S. increases pressure on President Nicolás Maduro to give up power. Chevron is the last major […]
US Reviews Need For Venezuela Waivers: Update
(Argus, 16.Apr.2020) — The US is rethinking the premise behind its earlier decision to allow Chevron and other US and international firms to continue their presence in Venezuela, as it steps up the pressure of sanctions designed to force Venezuelan president Nicolas Maduro to step down. Chevron and European oil […]
Chevron Gets 4th Reprieve From Venezuela Sanctions
(Argus, 17.Jan.2020) — Washington will allow Chevron and four US oil field service providers to continue operating in Venezuela until 22 April by granting a fourth waiver late yesterday from US sanctions imposed almost a year ago on the Opec country. The US Treasury Department sanctions enforcement arm, the Office […]
US Considering More Venezuela Sanctions
(S&P Global Platts, 6.Jan.2020) — The US may respond to escalating political disarray in Venezuela by allowing a sanctions waiver for Chevron and four US oil services companies to expire later this month and could ratchet up oil sanctions on foreign companies still working in the South American country, analysts […]
Venezuelan Oil Output Could Be Halved Without Chevron Waiver
(S&P Global Platts, Brian Scheid, 14.Oct.2019) — Venezuelan oil production, already averaging a historic low near 600,000 b/d, could quickly plummet below 300,000 b/d if the Trump administration allows a waiver for Chevron and four US oil services companies to expire next week, analysts told S&P Global Platts. “I think […]
Energy Cos Caught In Spat Over Venezuela Sanctions
(Chron, Sergio Chapa, 7.Oct.2019) — Frequent power outages, theft of equipment, a political tug-of-war and billions of dollars in losses would seem to signal to businesses that it’s time to get out of Venezuela. But energy companies with headquarters or major operations in Houston — including the oil major Chevron […]
Chevron To Keep Drilling In Venezuela Despite Sanctions
(Reuters, 26.Jul.2019) — The administration of United States President Donald Trump said on Friday that it has renewed Chevron Corp’s licence to drill for oil and gas in Venezuela despite sanctions, signalling that it sees value in having the US oil producer operate in a country on the verge of […]
Chevron Call To Chart Venezuela Sanctions
(Argus, 25.Jul.2019) — A US government decision over Chevron’s expiring license to work in Venezuela is the first test of its willingness to ease sanctions that have so far failed to bring about regime change. Under oil sanctions imposed on 28 January, the US Treasury gave Chevron and a clutch […]
Weatherford Awarded Contract With Colombia, South America Operator
(Weatherford, 24.Jul.2019) — Weatherford International plc announced a contract win with a Colombia, South America operator to migrate seven LOWIS® sites (3,000 wells) to the Company’s ForeSite® Production Optimization software platform. Under the newly signed contract, the Company will provide all maintenance and services for the software platform for five […]
Weatherford Awarded Drillpipe Riser Contract With Petrobras
(Weatherford International, 7.Nov.2018) — Weatherford International announced it has been awarded a four-year contract with a one-year optional extension to provide drillpipe riser (DPR) intervention systems and services for PetrĂłleo Brasileiro S.A. in Brazil. This contract is expected to yield approximately $80 million in revenue during the initial four-year period. […]
Weatherford Reports Higher Activity Levels In Argentina and Mexico
(Energy Analytics Institute, Ian Silverman, 29.Oct.2018) — Weatherford International plc reported Western Hemisphere 3Q:18 revenues of $762 million were down $7 million, or 1%, sequentially, and down $5 million, or 1%, year-over-year, the company reported in an official statement. Compared to the second quarter of 2018, revenues in Canada improved […]
Swire Secures Contract with Weatherford Brazil
(Swire Oilfield Services, 29.Jun.2015) – Swire Oilfield Services secured an exclusive five year contract with Weatherford International plc in Brazil. “This is a great reward for the team’s efforts in growing the business in Brazil and we are proud to support Weatherford’s activities,” said Marcelo Nacif, Swire General Manager in […]