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Weatherford (NYSE:WFT) Appoints New CEO From Halliburton

Weatherford International PLC (NYSE:WFT) appointed a new CEO, Mark McCollum, only four months after the sudden departure of Bernard Duroc-Danner the previous CEO. The new CEO comes from a C-level executive in Halliburton Company (NYSE:HAL) Appointment roles McCollum was the Chief Finance Office in Halliburton. He is expected to report with immediate effect to his […]

Weatherford International Plc (NYSE:WFT) 2Q2016 Revenue At $1.40 Billion

Weatherford International Plc (NYSE:WFT) reported that revenue for 2Q2016 came at $1.40 billion against the revenue of $1.59 billion in 1Q2016. Also, the second quarter revenue dropped 41% from the same quarter, a year earlier. The industry has hit a bottom on the pricing as well as activity fronts. Clients have begun to identify that […]

Weatherford International Plc (NYSE:WFT) Collaborates With International Business Machines Corp. (NYSE:IBM) On Production Optimization Solutions

Weatherford International Plc (NYSE:WFT) has announced that it signed an agreement that will allow it to team up with International Business Machines Corp. (NYSE:IBM) to create the next generation of production optimization solutions. The two firms will work together to develop new products and services that will be used by oil and gas producers to […]

Weatherford International Plc (NYSE:WFT) Cancels Fund-Raising Measures

Weatherford International Plc (NYSE:WFT) abandoned its initiatives to raise nearly $1 billion in cash after investors abandoned its stock, indicating that Wall Street’s affection with energy finance is declining along with expectations that oil prices will surge anytime soon. Earlier in the week, the company revealed that it intended to sell a combination of convertible […]

Whiting Petroleum Corp (NYSE:WLL) Affected Due To Cancelled Fund Raising By Weatherford International Plc (NYSE:WFT)

Weatherford International Plc (NYSE:WFT) recently called off its efforts to raise funds worth $1 billion after investors pulled down the stock. Whiting Petroleum took the decision in a hope that the Wall Street will drift away from the preference of energy finance and the oil prices will climb soon in the near future. The decision […]

Weatherford International Plc (NYSE:WFT) Stock Decline On News Of Convertible Debt Issues

The stock price of Weatherford International Plc (NYSE:WFT) declined more than 14% on Monday’s trading session, after the company reported the issue of concurrent underwritten public offerings of obligatory exchangeable subordinated notes and stocks for a combined amount of nearly $1.0 billion. The company confirmed that it plans to use the capital to pre-fund future […]

Weatherford International Plc (NYSE:WFT) – May Test $17 In The Short Term

Weatherford International Plc (NYSE:WFT), the oil and natural gas company, ended the last session with a gain of 6.28% after four consecutive trading sessions in the red, after it announced plans to lay off a few thousand workers more, saving $640 million a year for the company. It may shred 18% of its 49,000 strong […]