Weatherford Supports Eni’s Junín 5 Integrated Drilling and Completion Campaign in Venezuela

(NASDAQ:WFRD) Weatherford International plc announced its support of Eni’s Junín-5 development in Venezuela by providing integrated services and technologies for the field’s workover and drilling campaign. Weatherford will deliver an integrated portfolio of services and technologies across the well lifecycle. The company is leveraging its established presence in Venezuela and its global capabilities to drive efficient execution and differentiated performance for the Junín-5 project. Girish Saligram, President and Chief Executive Officer of Weatherford, stated that the company is excited about the opportunity in Venezuela and proud to support Eni as activity at Junín-5 begins. Saligram emphasized Weatherford’s established presence in the country and the breadth of its global capabilities as key factors positioning the company to play a meaningful role in Venezuela’s energy market re-emergence. He also noted that Weatherford sees significant potential ahead and is well positioned to capture opportunities as investment and activity increase. Weatherford has a long-standing presence in Venezuela, combining local expertise with global technology and service capabilities. The Junín-5 project strengthens Weatherford’s position in the Venezuelan market. The company views Junín-5 as an important opportunity to participate in Venezuela’s next phase of energy development. Weatherford’s involvement in Junín-5 is part of its broader strategy to support energy sector growth in Venezuela. The announcement highlights Weatherford’s commitment to delivering integrated solutions for complex oilfield projects. No specific financial figures, contract values, or operational metrics were disclosed in the announcement. The company did not provide details on the duration or scope of the contract with Eni. No additional counterparties or project partners were named in the release. The announcement did not specify the technologies or services to be deployed beyond referencing an integrated portfolio.

Weatherford Announces Court Approval and Expected Closing Date for U.S. Redomestication

(NASDAQ:WFRD) Weatherford International plc announced that the High Court of Ireland has approved the previously announced scheme of arrangement for the company to change its legal domicile from Ireland to Delaware. The company expects to complete the redomestication on November 13, 2026, subject to the satisfaction of customary closing conditions. Upon completion, Weatherford International Corp, a Delaware corporation, will become the publicly traded parent company of the Weatherford group. The redomestication will not change the company’s operations, management, business strategy, or headquarters. Weatherford’s shares are expected to continue trading on the Nasdaq Global Select Market under the ticker symbol “WFRD.” Additional information regarding the redomestication is available in Weatherford’s filings with the U.S. Securities and Exchange Commission. The announcement states that the High Court of Ireland has approved the scheme of arrangement. The company’s legal domicile will change from Ireland to Delaware. The completion of the redomestication is expected on November 13, 2026, pending customary closing conditions. Weatherford International Corp will become the publicly traded parent company after the redomestication. The company’s operations, management, business strategy, and headquarters will remain unchanged. Shares will continue to trade on the Nasdaq Global Select Market under the ticker symbol “WFRD.”

Weatherford Expands Collaboration with Equinor Through Contract Extension and Major Offshore Completions Award

(NASDAQ:WFRD) Weatherford International plc announced it has been awarded a two-year extension across several strategic frame agreements with Equinor. Weatherford has also been selected as the primary provider of completion systems for the Statfjord and Oseberg licenses on the Norwegian Continental Shelf. The company will provide its integrated completions portfolio under the extended agreements to improve operational efficiency, enhance well performance, and maximize production throughout the life of the well. This award significantly expands Weatherford's role in supporting Equinor's offshore development and production operations. The contract builds on a long-standing collaboration between Weatherford and Equinor. Weatherford's leadership position in offshore completions across the North Sea is further strengthened by this award. Girish Saligram, President and Chief Executive Officer of Weatherford, stated that the award reflects the strength of Weatherford’s differentiated completions portfolio, proven execution in the North Sea, and commitment to delivering safe, reliable, and high-quality operations. Saligram also noted that by combining innovative technologies with deep technical expertise, Weatherford aims to help Equinor drive greater efficiency, optimize production, and maximize value across its offshore assets. The contract extension and expanded completions scope reinforce Weatherford's commitment to the Norwegian Continental Shelf. The announcement highlights Weatherford's continued investment in innovative technologies that improve well performance, increase operational efficiency, and support safe, reliable offshore operations. The agreements cover the Statfjord and Oseberg licenses. Equinor is described as one of the world's leading energy companies. The agreements are described as strategic frame agreements. The extension is for a period of two years. Weatherford will act as the primary provider of completion systems for the specified licenses. The company’s integrated completions portfolio is intended to be used throughout the life of the well. The announcement emphasizes the importance of operational efficiency, well performance, and production maximization.

Weatherford Announces Definitive Agreement to Acquire NCS Multistage, Expanding Completions Portfolio and Unconventional Resource Exposure

(NASDAQ:WFRD) Weatherford International plc announced it has entered into a definitive agreement to acquire NCS Multistage Holdings, Inc. (NASDAQ:NCSM). Under the terms of the agreement, NCS Multistage stockholders have an election to receive either Weatherford common stock or a combination of Weatherford common stock and cash, with a blended basis expected to be the equivalent of 0.463 shares of Weatherford common stock for each NCS Multistage share and up to 19.99% of this payable in cash. Annual cost synergies are expected to be at least $15 million and be realized within 18 months of closing. The deal is expected to be immediately accretive to adjusted Free Cash Flow per share. The transaction has been approved by the Board of Directors of Weatherford, the Board of Directors of NCS Multistage, and the controlling stockholder of NCS Multistage that owns more than 50% of NCS Multistage’s outstanding common stock. The transaction is subject to certain customary closing conditions, including regulatory approvals, and is expected to close in the second half of 2026. NCS Multistage’s products and services are utilized in oil and natural gas basins throughout North America and in selected international markets, including the North Sea, the Middle East and Argentina.

Weatherford Awarded Deepwater Integrated Completions Contract with ExxonMobil in Nigeria

(NASDAQ: WFRD) Weatherford International plc announced it has been awarded a deepwater integrated completions contract by Esso Exploration & Production Nigeria Ltd. (“EEPNL”), an ExxonMobil affiliate, for offshore Nigeria. The contract falls within Weatherford’s Well Construction and Completions portfolio. Weatherford will provide integrated upper and lower completions solutions for deepwater wells, with a scope focused on supporting safety, reliability, well integrity, and operational efficiency over the lifecycle of the well. The integrated completions equipment will be configured and prepared through Weatherford’s global supply chain and supported locally in Nigeria, in line with contract terms, to enable in-country execution and service delivery. Girish Saligram, Weatherford’s President and Chief Executive Officer, commented, “This contract reflects our ability to deliver integrated completions solutions for deepwater operations. We will provide technologies designed to support well integrity, reliability, and efficient execution in complex offshore environments.”

Weatherford Releases 2025 Sustainability Report

Weatherford International plc (NASDAQ: WFRD) announced the release of its 2025 Sustainability Report, highlighting continued progress in sustainability and the impact of its efforts across operations. The company emphasized its commitment to sustainability as a key factor in operations, innovation, and value delivery to customers. Weatherford describes itself as a global energy services company with a broad customer footprint across six continents and a differentiated portfolio of solutions. The announcement invites stakeholders to explore the full report at weatherford.com/sustainability. No specific financial figures or quantitative sustainability metrics are disclosed in the announcement.

Weatherford Wins Managed Pressure Drilling and Subsea Intervention Contracts with Constellation Oil Services in Offshore Brazil

Weatherford International plc (NASDAQ: WFRD) announced it has been awarded two contracts with Constellation Oil Services to support offshore operations in Brazil. The first contract expands Weatherford's services on Constellation’s UDW semisubmersible Gold Star, focusing on well intervention, plug and abandonment, and workover activities in the Campos and Espírito Santo Basins, running from March 2026 through December 2028. The second contract involves providing drilling technology and managed pressure drilling services for Constellation’s UDW drillship Brava Star in the Búzios Field, commencing in the first quarter of 2027 through December 2030. These contracts reinforce Weatherford’s position in Brazil’s deepwater market and highlight its technical and operational capabilities.

Weatherford Awarded Multi-Region Managed Pressure Drilling and Global Aftermarket Agreement with Noble

Weatherford International plc (NASDAQ: WFRD) announced it has been awarded multiple managed pressure drilling (MPD) contracts and a global aftermarket agreement with Noble Corporation. The awards include the delivery of two deepwater MPD systems to support Noble’s Guyana operations, with delivery expected before year-end, and an upgrade on a third-party MPD system being assembled in Houston for deployment to Nigeria in the third quarter. The global aftermarket agreement covers MPD systems across Noble’s fleet, providing standardized lifecycle support, parts, and services. These developments reinforce Weatherford’s leadership in MPD systems and lifecycle support, and strengthen its partnership with Noble.