NAIC: 213111 Drilling Oil and Gas Wells; 23571 Concrete Contractors; Oil and Gas Field Machinery and Equipment Manufacturing Company Perspectives: Weatherford's mission is to be the company of choice for an extensive range of oilfield products, services and technologies that will help our customers produce oil more efficiently and profitably. [6], In 1972, the separate company of Energy Ventures, Inc. was founded as an offshore gas and oil exploration and production company. It is designed to give readers an informative overview of the month's major industry news while focusing on market reviews, product and technical information, directories, events and objective profiles. 42nd Annual Weatherford Oil and Gas Golf tournament. Weatherford, the sector’s fourth largest player, is a genuinely diversified global outfit with a hand in just about every significant business sector across the oil and gas industry. Onshore oil & gas wells are predominantly present in regions such as North America, the Middle East, and Africa. We strategically hire in key markets, including Saudi Arabia, to build a workforce combined of expat and national talent to ensure we are well positioned to meet the needs of an ever-evolving industry. Weatherford International, a Houston-based oil and gas company, says it plans on cutting 6,000 workers due to the current oil market. Flow Control. Weatherford is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. In 2008, the company announced that it was shifting its place of incorporation from Bermuda to Switzerland. From Business: ONEOK Field Services is a part of ONEOK Partners, which is a publicly traded limited partnership operated by ONEOK, a … WEATHERFORD INTERNATIONAL AKTIE (ISIN: IE00BLNN3691): Realtime-Kurs der Weatherford International Aktie, Dividenden-Rendite und Termine, aktuelle Nachrichten ⇒ Die nächsten Kursziele. Norwich, Norfolk NR4 6AU, Finelight Media |. We do this without ever losing sight of our fundamental responsibility for the well-being of personnel, assets, and the environment.”. This is frustrating, because it is our objective to satisfy all requests that we receive from clients in good time, and with the best quality. [8] Weatherford and HOMCO later merged operations to create Weatherford Services, the largest oil fishing/rental company in the world. Hall, Petitioners v. Commissioner Of Internal Revenue, Respondent, Weatherford International: Company History, Weatherford planning to relocate base to Switzerland, Field-tested Power Tong Handles All Sizes Of Casing, Drillpipe, Tubing, "Hazmat Called To Leetsdale Chemical Spill", "Weatherford moving to Ireland as Swiss executive pay rules change", http://ir.weatherford.com/cs/wft_investorrelations/news/1413873101431/weatherford-announces-chairman-and-chief-executive-officer-depa, "Weatherford Names Mark McCollum as New CEO", "Oil-Field Services Company Weatherford to File for Bankruptcy", Pipeline Specialty Services: Production - Precommissioning And Commissioning, "UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION UNITED STATES OF AMERICA vs P.D. By focusing very carefully on customer relations, however, we become aware of industry needs and general market trends at a very early stage. Listen to Webcast [6] Originally marketed to U.S. well owners, Weatherford drilling and casing equipment was soon being used in the oil fields of Venezuela by the Gulf Oil Company. With … Energy Industry Review September 30, 2020 Last Updated: September 30, 2020. Drilling Holdings Inc. knowingly sold products that included US goods to Cuba, violating the Trading with the Enemy Act of 1917. May 2-3, 2019. [14], On 6 March 2017, Weatherford announced the appointment of Mark A. McCollum as President and Chief Executive Officer, as well as a member of the Board of Directors of Weatherford. In addition, we always like to be in close contact with our clients, and events such as ONS allow for detailed discussions. person. Drilling Holdings Inc., subsidiaries of Weatherford, were featured in the Paradise Papers leak featuring offshore firms located in Barbados. Mounted to the rig’s top drive is the TorkDrive™ tool, which combines several casing-running applications into one: power tong, elevator, fill-up tool, and weight compensator. Based in Langenhagen, Germany, the company employs over 200 people, and is famed for its innovative and pioneering designs. Weatherford is one of the largest multinational oilfield service companies. 107 likes. Weatherford International plc is an Irish-domiciled multinational oil and gas company which is one of the largest in the world. Multistage Fracturing. Weatherford lost $966 million in … The Company operates in over 90 countries and has a network of approximately 740 locations, including manufacturing, service, research and development, and training facilities and employs approximately 28,450 people. [16], As an oil and natural gas drilling services company, Weatherford produces a variety of products and services for the oil and gas industry. The pact aims at integrating Managed Pressure Drilling (MPD) solutions with Automated Well Control technology. Weatherford is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. Before joining Weatherford, Girish served Exterran Corporation as Chief Operating Officer and previously as President, Global Services after joining the company in 2016. For example, we are presently building an additional production site here in Germany, and are considering even more. Indeed, we believe that our superior designs should ensure that we will be largely unaffected should there be any long-term slowing in the market.”, Schofield Publishing, The TorkDrive™ Compact offers numerous advantages to its users. [21][22] The next year, Weatherford withdrew from activities in Sudan and donated its in-country equipment as well as providing additional equipment, supplies, and funding to Thirst No More, a humanitarian organization operating in Sudan. [12] In April 2014, Weatherford announced that its board of directors approved the relocation of its legal domicile to Ireland from Switzerland. Oil Field Service Oil Well Services Oil & Gas Exploration & Development. Weatherford’s Riser-Tong 21-300, distinct from any previous design, was the first to be capable of generating 300,000 ft-lbs of both makeup and breakout torque. As part of the Weatherford group of companies, Weatherford Oil Tool GmbH provides high-tech equipment for major projects in the oil and gas sector. Weatherford Job Vacancy.Weatherford is an oil and gas service company with a presence in every major oil and gas region of the world. Karl brings with him a career of significant achievement and valuable insight gained from more than 35 years in the oil and gas … “We showcased this new design at the OTC in Houston earlier this year,” says Uwe. Oil-field service company Weatherford International is back in the red just a few months after emerging from bankruptcy. Furthermore, all of the equipment that we manufacture is checked and inspected according to proven schedules before leaving the plant, and our testing yard even includes a rig structure to simulate realistic on-site conditions during this phase. If you continue to use this site we will assume that you are happy with it. The demand for this new design came from a client in the Asia-Pacific area, as part of a deepwater development project, West Seno, which was being conducted from two small tension leg-platforms with a tenderassisted drilling rig. In his role at Weatherford, Karl oversees all region and product line operations, QHSE, sales, engineering, R&D, and supply chain. Weatherford operates in Nigeria from offices/bases in Port Harcourt and Lagos. Weatherford is an oil and gas service company with a presence in every major oil and gas region of the world. Weatherford also created a stronger completion competence with the addition of well-known brands in the sector such as Petroline, Cardium, Nodeco, McAllister, Johnson Screens, Houston Well Screens, Arrow, and CIDRA. Despite massive job cuts amid the recent oil and gas downturn, Weatherford is still one of the world’s biggest oilfield services firms. Perea. Weatherford Oil and Gas. Multistage Fracturing. Intwood Road, [2], In October of 2020, Weatherford International announced Girish K Saligram as the President and Chief Executive Officer. 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