Weatherford International(WFRD)
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Weatherford Hosts FWRD 2025 Digital Conference, Showcasing Next-Generation Energy Technologies
Globenewswire· 2025-09-30 12:30
Core Insights - Weatherford International plc is hosting the FWRD 2025 Conference from September 30 to October 1, 2025, in Houston, focusing on digital transformation and innovative technologies in the energy sector [1][2] - The conference aims to bring together energy leaders, technology innovators, and technical experts to discuss the rapid changes in the industry and showcase technologies that are reshaping well operations [2] Industry Trends - The energy industry is at an inflection point, with a strong emphasis on combining cutting-edge technologies with expertise to enhance performance and reliability [2] - Key topics at the conference include offshore excellence through technology, cybersecurity in oil and gas, and optimizing reservoir performance [4] Technology Highlights - Weatherford Industrial Intelligence integrates physical operations with data-driven insights, enhancing reliability and efficiency across the energy value chain [5] - Managed Pressure Wells (MPW) technology aims to improve well quality and efficiency throughout the well lifecycle, supported by a new Center of Excellence in Houston [5] - SENSE Fiber Optics and AMP All-Electric Completions provide real-time monitoring and control, leading to smarter reservoir management and reduced intervention costs [5] - The Optimax™ Valve enhances pressure control and well integrity, significantly reducing rig time and improving safety [5] - The Rotaflex® PowerMag System offers improved artificial lift performance with lower energy consumption, resulting in double-digit reductions in energy costs for operators in North America [5] - Magnus® Saker Rotary Steerable System features 39 upgrades from legacy technology, improving durability and directional control in challenging formations [5]
Weatherford (WFRD) Wins $147 Million Petrobras Contract for Tubular Running Services in Brazil
Yahoo Finance· 2025-09-29 18:53
Weatherford International plc (NASDAQ:WFRD) ranks among the best cheap rising stocks to invest in now. Weatherford International plc (NASDAQ:WFRD) announced on September 16 that it had signed a $147 million, three-year contract with Petróleo Brasileiro S.A. (Petrobras) to supply tubular running services in Brazil. Pixabay/Public Domain Awarded after an open tender process, the contract will deploy a number of Weatherford technologies, including the Vero auto make-up and evaluation system, Multi Slip Sys ...
Weatherford Announces Third-Quarter 2025 Conference Call
Globenewswire· 2025-09-24 20:30
Core Points - Weatherford International plc will host a conference call on October 22, 2025, to discuss its third-quarter results for the period ending September 30, 2025 [1] - The conference call will begin at 8:30 a.m. Eastern Time [2] - A press release with the results and presentation slides will be available on the Weatherford investor relations website prior to the call [2] Participation Details - Listeners can join the conference call via a live webcast or by dialing in using provided numbers [3] - Participants are advised to log in or dial in approximately 10 minutes before the call starts [3] - A telephonic replay of the conference call will be available until November 5, 2025 [4] Company Overview - Weatherford provides innovative energy services that combine proven technologies with advanced digitalization [5] - The company operates in approximately 75 countries with around 17,300 employees from over 110 nationalities [5] - Weatherford focuses on optimizing resources and maximizing asset potential for its customers [5]
Weatherford Awarded Eight-Year Real-Time Digital Wellsite Monitoring Contract by Romgaz
Globenewswire· 2025-09-23 20:30
Core Insights - Weatherford International plc has been awarded an eight-year contract by SNGN Romgaz S.A. to provide real-time monitoring services for gas wells, marking a significant step in Romgaz's digital transformation efforts [1][2][3] Group 1: Contract Details - The contract involves the implementation of a wellsite monitoring campaign across thousands of existing wells, utilizing Weatherford's technology and cloud infrastructure to acquire critical data for production optimization [2][3] - This is the first time Romgaz has sought such services, indicating a commitment to advancing digital transformation and production automation [2][3] Group 2: Strategic Importance - The partnership is seen as a strategic first step for Romgaz in integrating AI-driven technologies into its operations, aligning with its objectives of innovation and operational excellence [3] - Weatherford's well monitoring solutions will provide continuous, high-fidelity well data, enhancing decision-making and proactive intervention strategies for Romgaz [3] Group 3: Company Overview - Weatherford operates in approximately 75 countries with around 17,300 team members, focusing on delivering innovative energy services that integrate proven technologies with advanced digitalization [4]
Vinson & Elkins Represents Initial Purchasers in Weatherford’s $1.2 Billion Offering
Yahoo Finance· 2025-09-23 20:03
By Karen Roman Vinson and Elkins said it advised Wells Fargo & Company (NYSE: WFC), as the initial purchasers’ representative, in the upsized offering of $1.2 billion aggregate principal amount of 6.75% senior notes due 2033 carried out by Weatherford International plc (Nasdaq: WFRD). The firm also advised Wells Fargo as dealer manager for Weatherford’s cash tender offer to purchase up to $1.3 billion aggregate principal amount of its 8.625% senior notes due 2030, it stated. Vinson & Elkins team was led ...
Weatherford Announces Credit Rating Upgrades from Moody's, S&P, and Fitch
Globenewswire· 2025-09-22 21:58
Core Insights - Weatherford International plc has received upgrades from Moody's, S&P, and Fitch, indicating significant improvements in its financial profile and operational performance [1][4] - The upgrades reflect the company's conservative financial policies, declining debt, and expectations of continued positive cash flow generation [4] Financial Ratings - Moody's upgraded Weatherford's Corporate Family Rating to 'Ba2' from 'Ba3' with a Positive Outlook, highlighting the company's conservative financial policies and declining debt [4] - S&P Global Ratings raised Weatherford's issuer credit rating to 'BB' from 'BB-' with a Stable Outlook, despite lower oil and gas exploration and production activity [4] - Fitch Ratings upgraded Weatherford's Issuer Default Rating to 'BB' from 'BB-' with a Stable Outlook, citing expectations of continued margin improvement and enhanced liquidity [4] Company Overview - Weatherford provides innovative energy services that combine proven technologies with advanced digitalization to maximize value and return on investment [3] - The company operates in approximately 75 countries with around 17,300 employees representing over 110 nationalities [3]
Weatherford Announces Increase to Previously Announced Tender Offer for its 8.625% Senior Notes due 2030
Globenewswire· 2025-09-22 21:56
Core Viewpoint - Weatherford International plc has announced an upsized cash tender offer for its 8.625% Senior Notes due 2030, increasing the total amount to $1,300 million [1][3]. Summary by Sections Tender Offer Details - The tender offer is for the 8.625% Senior Notes due 2030, with an aggregate principal amount of $1,300 million available for purchase [1][2]. - The early tender deadline is set for October 3, 2025, at 5:00 p.m. NYC time, with a purchase price of $1,023.90 per $1,000 principal amount of notes tendered, including an early tender payment of $30.00 [4]. - Notes tendered after the early tender deadline but before the expiration time on October 21, 2025, will receive a purchase price of $993.90 per $1,000 principal amount [4]. Conditions and Management - The tender offer is subject to certain conditions, including the successful completion of a concurrent offering of senior notes [3][5]. - The offer is not conditioned on a minimum amount of notes being tendered, and the company reserves the right to amend, extend, or terminate the offer at its discretion [5]. Contact Information - Wells Fargo Securities LLC is acting as the dealer manager for the tender offer, and inquiries can be directed to them for further information [6]. - D.F. King & Co., Inc. serves as the information agent and tender agent for the offer, providing copies of the Offer to Purchase [8].
Weatherford Announces Upsize and Pricing of $1,200 Million of Senior Notes due 2033
Globenewswire· 2025-09-22 21:54
Core Viewpoint - Weatherford International plc has announced the pricing of $1,200 million aggregate principal amount of its 6.75% Senior Notes due 2033, which is a $600 million increase from the previously announced offering size [1] Group 1: 2033 Notes Offering - The 2033 Notes Offering is expected to close on October 6, 2025, subject to customary closing conditions [1] - The 2033 Notes have not been registered under the Securities Act of 1933 and will be offered only to qualified institutional buyers and non-U.S. persons [4] Group 2: Use of Proceeds - The net proceeds from the 2033 Notes Offering will be used to fund a tender offer for the 8.625% Senior Unsecured Notes due 2030, which has been upsized to $1,300 million [2] - The proceeds will also cover accrued and unpaid interest on the 2030 Notes and related transaction fees and expenses [2] Group 3: Tender Offer Conditions - The Tender Offer is conditioned on the consummation of the 2033 Notes Offering, while the 2033 Notes Offering is not conditioned on the Tender Offer [3]
Weatherford Announces Tender Offer for up to $700 Million of Senior Notes due 2030
Globenewswire· 2025-09-22 12:20
Core Viewpoint - Weatherford International plc has announced a cash tender offer to purchase up to $700 million of its 8.625% Senior Notes due 2030, indicating a strategic move to manage its debt obligations and optimize its capital structure [1][4]. Summary by Relevant Sections Tender Offer Details - The tender offer is for a total of $700 million of the 8.625% Senior Notes, which have an outstanding principal amount of $1,535.632 million [2]. - The early tender deadline is set for October 3, 2025, with the total consideration for each $1,000 in principal amount of notes being $1,023.90, which includes an early tender payment of $30.00 [2][7]. - The tender offer will expire at 5:00 p.m. Eastern Time on October 21, 2025 [7]. Conditions and Procedures - The tender offer is subject to certain conditions, including the successful completion of a concurrent offering of senior notes [4]. - Holders of the 2030 Notes must validly tender their notes before the expiration date to receive any consideration [7]. - Accrued interest will be paid in addition to the tender offer consideration [3]. Contact Information - Wells Fargo Securities LLC is acting as the dealer manager for the tender offer, and inquiries can be directed to them for further information [6]. - D.F. King & Co., Inc. serves as the information agent and tender agent for the tender offer, providing copies of the Offer to Purchase [8].
Weatherford Announces Private Offering of $600 Million of Senior Notes due 2033
Globenewswire· 2025-09-22 12:18
Core Viewpoint - Weatherford International plc is initiating a private placement of $600 million in senior notes due 2033 while concurrently launching a cash tender offer to purchase up to $700 million of its 8.625% Senior Unsecured Notes due 2030 [1][2]. Group 1: 2033 Notes Offering - Weatherford Bermuda intends to offer $600 million in aggregate principal amount of senior notes due 2033 [1]. - The 2033 Notes will not be registered under the Securities Act and will be offered only to qualified institutional buyers and non-U.S. persons [3]. Group 2: Tender Offer - The company has commenced a cash tender offer to purchase up to $700 million of its 8.625% Senior Unsecured Notes due 2030 [2]. - The net proceeds from the 2033 Notes Offering and cash on hand will be used to fund the Tender Offer, pay accrued interest on the 2030 Notes, and cover related transaction fees [2]. Group 3: Company Overview - Weatherford provides innovative energy services that integrate proven technologies with advanced digitalization, operating in approximately 75 countries with around 17,300 team members [5].