Weatherford

Weatherford Announces Second Quarter 2023 Results and Raises Full-Year Outlook

Retrieved on: 
Tuesday, July 25, 2023

HOUSTON, July 25, 2023 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced today its results for the second quarter of 2023.

Key Points: 
  • Operating income was $201 million in the second quarter of 2023, compared to $185 million in the first quarter of 2023 and $104 million in the second quarter of 2022.
  • Net income in the second quarter of 2023 was $82 million, compared to $72 million in the first quarter of 2023 and $6 million in the second quarter of 2022.
  • Second quarter 2023 cash flows provided by operations were $201 million, compared to $84 million in the first quarter of 2023 and $60 million in the second quarter of 2022.
  • Capital expenditures were $36 million in the second quarter of 2023, compared to $64 million in the first quarter of 2023 and $24 million in the second quarter of 2022.

Weatherford Releases 2022 Digital Annual Report

Retrieved on: 
Wednesday, March 15, 2023

HOUSTON, March 15, 2023 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") announced the release of its 2022 Annual Report.

Key Points: 
  • HOUSTON, March 15, 2023 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") announced the release of its 2022 Annual Report.
  • The interactive and fully digital report shares highlights of the Company's 2022 financial results, significant milestones, strategic focus areas, achievements, and priorities for the future.
  • Girish Saligram, President and Chief Executive Officer, commented, "The new Weatherford is not merely aspirational – the results are tangible.
  • There are many significant milestones in our full-year 2022 results, which clearly demonstrate the effectiveness of our refreshed operating paradigm and reaffirm our strategy to sustainably expand margins over the cycle while generating positive free cash flow.”
    The 2022 Annual Report is available on the Company's website.

Dream Finders Appoints William W. Weatherford to its Board of Directors

Retrieved on: 
Friday, February 3, 2023

Dream Finders Homes, Inc. (the “Company”, “Dream Finders” or “DFH”) (NYSE: DFH), announced today the appointment of William W. Weatherford to its Board of Directors.

Key Points: 
  • Dream Finders Homes, Inc. (the “Company”, “Dream Finders” or “DFH”) (NYSE: DFH), announced today the appointment of William W. Weatherford to its Board of Directors.
  • Mr. Weatherford brings more than two decades of governance, financial and risk management expertise to the Dream Finders’ Board.
  • He is currently Managing Partner of Weatherford Capital, which he co-founded in 2015 to build and invest in businesses that positively impact the world.
  • Patrick Zalupski, President and Chief Executive Officer of Dream Finders commented, “We are pleased to welcome Will to Dream Finders’ Board of Directors.

Wesley Vestal Named CAI's Chief People Officer; Joins Company Leadership Team

Retrieved on: 
Monday, January 2, 2023

INDIANAPOLIS, Jan. 2, 2023 /PRNewswire/ -- Commissioning Agents Inc. (CAI) announced that Wesley Vestal has been named CAI's Chief People Officer.

Key Points: 
  • INDIANAPOLIS, Jan. 2, 2023 /PRNewswire/ -- Commissioning Agents Inc. (CAI) announced that Wesley Vestal has been named CAI's Chief People Officer.
  • In this role, Wesley will be responsible for leading CAI's global human resources team, utilizing his background in leadership development, strategic workforce planning, and systems implementation to transform clients' human performance strategies to mitigate risk and promote operational excellence.
  • "I'm excited to have Wes on board and for the official establishment of a Chief People officer role," stated Mike Martin, CEO of CAI.
  • With offices in the US, Canada, Australia, Netherlands, UK, Korea, Switzerland, India, Ireland, Italy, China, and Singapore, we have built an international team of over 800 professionals providing local support from a global company.

Weatherford Receives Award from Petroleum Development Oman to Provide Integrated Drilling Services

Retrieved on: 
Monday, October 24, 2022

HOUSTON, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (Weatherford or the Company) received a five-year contract exceeding $500 million from Petroleum Development Oman (PDO) to deliver Integrated Drilling Services in the Marmul and Grater Saqar fields.

Key Points: 
  • HOUSTON, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (Weatherford or the Company) received a five-year contract exceeding $500 million from Petroleum Development Oman (PDO) to deliver Integrated Drilling Services in the Marmul and Grater Saqar fields.
  • This award builds on ongoing collaborations with PDO, where Weatherford will deliver 700+ wells in the Marmul and Grater Saqar fields in the next years to come and further enhances commitment towards Omans energy future.
  • Weatherford Integrated Drilling Services will combine a suite of technologies to deliver holistic and innovative solutions that maximize drilling efficiency in PDOs Marmul and Grater Saqar Fields.
  • Weatherford President and Chief Executive Officer Girish K. Saligram commented, Our Integrated Services offering is gaining significant traction in the market.

Veteran Cybersecurity Executive Mark Weatherford Joins BlackCloak's Advisory Board

Retrieved on: 
Monday, October 24, 2022

ORLANDO, Fla., Oct. 24, 2022 /PRNewswire-PRWeb/ -- BlackCloak, the leading provider of digital executive protection for corporate executives, board members, and high-access employees and their families, today announced that veteran cybersecurity executive Mark Weatherford has joined its Advisory Board. Currently the Chief Security Officer and SVP of Regulated Industries at AlertEnterprise, Mark brings decades of experience consulting with startups, government, and enterprise security organizations to BlackCloak.

Key Points: 
  • ORLANDO, Fla., Oct. 24, 2022 /PRNewswire-PRWeb/ -- BlackCloak , the leading provider of digital executive protection for corporate executives, board members, and high-access employees and their families, today announced that veteran cybersecurity executive Mark Weatherford has joined its Advisory Board.
  • Mark joins Malcolm Harkins on the Advisory Board.
  • The former Chief Security and Trust Officer at Cylance was appointed to the Advisory Board in February 2021 .
  • "There are very few cybersecurity executives in the world as accomplished as Mark Weatherford," said Dr. Chris Pierson, BlackCloak's founder and CEO.

Weatherford Appoints Executive Vice President of Operational Excellence

Retrieved on: 
Monday, October 3, 2022

HOUSTON, Oct. 3, 2022 /PRNewswire/ -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") has appointed Charles "Chuck" Davison, Jr. as Executive Vice President of Operational Excellence, effective September 30, 2022.

Key Points: 
  • HOUSTON, Oct. 3, 2022 /PRNewswire/ -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford" or the "Company") has appointed Charles "Chuck" Davison, Jr. as Executive Vice President of Operational Excellence, effective September 30, 2022.
  • Mr. Davison joins Weatherford from Strike, LLC., where he served as President and CEO.
  • Girish Saligram, Weatherford President and Chief Executive Officer, commented, "We are pleased to welcome Chuck to our Executive Leadership team.
  • Mr. Davison was previously employed by Oceaneering from2007to2014as Vice President, Umbilical Solutions, and thereafter as Senior Vice President, Subsea Products, until 2015.Before joining Oceaneering, he spent eight years with General Electric Company, holding various operational, technology and integrated supply chain management roles.

NOBLE TO BEGIN AVIATION FSG 53 HARDWARE & ABRASIVES OPERATIONS UNDER A $1.2B CONTRACT WITH THE U.S. DEFENSE LOGISTICS AGENCY

Retrieved on: 
Wednesday, August 17, 2022

Noble, a defense technology company, will begin operations to fulfill the approximately 55,000 national stock numbers (NSNs) comprising FSG 53 at its QSLD-certified distribution facilities.

Key Points: 
  • Noble, a defense technology company, will begin operations to fulfill the approximately 55,000 national stock numbers (NSNs) comprising FSG 53 at its QSLD-certified distribution facilities.
  • Lee Weatherford, Noble's Global Head of Mission Support, will oversee all FSG 53 Program operations.
  • Under the FSG 53 contract, Noble will provide supply chain management to support the Defense Logistics Agency's worldwide customers.
  • Specific functions Noble will perform as part of the FSG 53 contract include:

Weatherford Releases 2021 Sustainability Report

Retrieved on: 
Wednesday, May 25, 2022

HOUSTON, May 25, 2022 /PRNewswire/ -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford," the "Company," "we," "us," and "our") announced today the release of its inaugural Sustainability Report, which details its strategic approach to advancing environmental, social, and governance ("ESG") objectives and highlights its recent accomplishments.

Key Points: 
  • HOUSTON, May 25, 2022 /PRNewswire/ -- Weatherford International plc (NASDAQ: WFRD) ("Weatherford," the "Company," "we," "us," and "our") announced today the release of its inaugural Sustainability Report, which details its strategic approach to advancing environmental, social, and governance ("ESG") objectives and highlights its recent accomplishments.
  • We invite you to explore the following sections to learn more about our collective impact in 2021 and continued focus areas:
    About Weatherford:Learn about our approach to ESG and sustainability.
  • I invite you to learn about our commitment in the 2021 Sustainability Report and we look forward to keeping our valued stakeholders informed of our progress in this space."
  • The 2021 Sustainability Report is available on the Company's website.

Rhea Law selected as University of South Florida president-elect

Retrieved on: 
Tuesday, March 22, 2022

TAMPA, Fla., March 22, 2022 /PRNewswire/ --The University of South Florida Board of Trustees (BOT) today voted unanimously to name Rhea Law as the university's president-elect.

Key Points: 
  • TAMPA, Fla., March 22, 2022 /PRNewswire/ --The University of South Florida Board of Trustees (BOT) today voted unanimously to name Rhea Law as the university's president-elect.
  • "Over the last seven months serving as interim president, I have been inspired and energized by the unwavering commitment of our University of South Florida community.
  • "Rhea Law is the right leader at the right time for the University of South Florida.
  • The University of South Florida, a high-impact global research university dedicated to student success, generates an annual economic impact of more than $6 billion.