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 ...

Core Insights - Weatherford International plc has been awarded a three-year contract worth $147 million by Petrobras for Tubular Running Services in Brazil, highlighting the company's leadership in TRS technologies [1][3] Contract Details - The contract includes the deployment of several advanced technologies such as Vero™, Multi Slip System, Flush Joint Elevator, and StringGuard™, which enhance safety, efficiency, and operational reliability [2] Company Leadership and Collaboration - The CEO of Weatherford emphasized the strength of the Tubular Running Services portfolio and the company's commitment to supporting Petrobras with innovative technologies and skilled teams [3] - Weatherford has a long-standing relationship with Petrobras, having supported its operations for over a decade, which reinforces the collaboration between the two companies [3] Company Overview - Weatherford operates in approximately 75 countries with around 17,300 employees from over 110 nationalities, focusing on integrating proven technologies with advanced digitalization to maximize value and return on investment [4]