Latest news with #WFRDSoftwareLaunchpad
Yahoo
13-05-2025
- Business
- Yahoo
Weatherford Announces a Strategic Agreement with Amazon Web Services to Accelerate Digital Transformation and Enhance Operational Efficiency
HOUSTON, May 13, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) ('Weatherford' or the 'Company') today announced it has signed an agreement with Amazon Web Services ('AWS') that will transform Weatherford's digital capabilities and help drive innovation in the energy sector. As part of this collaboration, Weatherford selected AWS as its preferred cloud provider and will migrate and modernize its cutting-edge software and hardware suite to AWS. This includes the Company's Modern Edge Platform, which integrates advanced software-enabled hardware with Weatherford's world-class control system, CygNet. The solution is modular and seamlessly integrates with existing infrastructure, allowing customers to modernize their operations with minimal disruption. With this agreement, AWS will also support the development of next-generation technologies, further enhancing Weatherford's Unified Data Model. This solution allows customers to integrate, harmonize, and analyze multi-asset data within a scalable, API-compatible model, driving operational efficiency and enabling data-driven decision-making. Additionally, the collaboration will enhance the WFRD Software Launchpad, a platform that provides customers with access to Weatherford-built and Weatherford-partnered applications. The Launchpad ensures that customers retain control over their data while seamlessly managing multiple software solutions without being locked into a single application. Girish Saligram, President and Chief Executive Officer of Weatherford, commented, "We are excited to work with AWS to deliver a comprehensive suite of innovative solutions that enable our customers to drive efficiency and innovation. This collaboration allows us to leverage AWS's world-class cloud infrastructure to help our customers modernize their operations, reduce complexity, and achieve greater autonomy in their decision-making." 'AWS capabilities are accelerating Weatherford's digital transformation and helping the company drive innovation in their digital solutions to meet customers' needs,' said Howard Gefen, GM for Energy and Utilities at AWS. 'This collaboration will enhance Weatherford's ability to deliver its operational and petrotechnical solutions by leveraging scalable, hardware and software solutions that empower energy companies to optimize their operations and achieve sustainable growth in an increasingly complex landscape.' About WeatherfordWeatherford delivers innovative energy services that integrate proven technologies with advanced digitalization to create sustainable offerings for maximized value and return on investment. Our world-class experts partner with customers to optimize their resources and realize the full potential of their assets. Operators choose us for strategic solutions that add efficiency, flexibility, and responsibility to any energy operation. The Company conducts business in approximately 75 countries and has approximately 18,000 team members representing more than 110 nationalities and 320 operating locations. Visit for more information and connect with us on social media. ContactsFor Investors:Luke LemoineSenior Vice President, Corporate Development & Investor Relations+1 For Media:Kelley HughesSenior Director, Communications & Employee Engagementmedia@
Yahoo
22-04-2025
- Business
- Yahoo
Weatherford partners with AIQ to improve efficiency in energy production
Weatherford International (WFRD) has entered a memorandum of understanding (MOU) with AIQ, the Abu Dhabi-based AI company, to revolutionise energy production with the integration of advanced automation and AI technology. The collaboration will see the merging of Weatherford's software and hardware solutions including Modern Edge suite, Unified Data Model and WFRD Software Launchpad with AIQ's AI-driven systems. This synergy is expected to provide operators with the tools to optimise production workflows, reduce downtime and boost operational efficiency. Weatherford president and chief executive officer Girish Saligram commented: 'We are excited to partner with AIQ to bring innovative, AI-driven solutions to the oil and gas industry. This strategic partnership allows us to deliver cutting-edge technologies that empower our customers to maximise their operational efficiency, enhance automation and reduce costs. "By combining our strengths, we are leading the way in helping operators modernise their workflows and achieve greater success in today's rapidly evolving energy landscape.' By leveraging Weatherford's Modern Edge suite and AIQ's technology, the partnership promises to scale up work processes while ensuring economic returns. The integration is designed to enable autonomous production, modernise edge operations and offer the flexibility to expand while optimising resources and cutting costs. The Universal Normaliser from Weatherford will work alongside AIQ's systems to harmonise data from multiple assets. This unified approach to operational and financial data, supported by an API (application programming interface)-driven data model, is set to enhance decision-making and streamline operations. Furthermore, through the WFRD Software Launchpad, customers will have access to a comprehensive industrial software-as-a-service platform. AIQ acting managing director Magzhan Kenesbai said: "This platform simplifies the procurement of software needs, managing multiple systems and vendors, and provides a singular access point for all Weatherford and partner-built applications. 'This partnership marks another step in AIQ's mission to build partnerships that accelerate the deployment of impactful AI systems across the energy value chain. By integrating our advanced AI-driven tools with Weatherford's energy-specific technology, we are driving greater efficiencies to the industry through the development of scalable, automated applications." Kenesbai added: "Together, we are set to empower operators to optimise their workflows, reduce downtime and achieve unparalleled operational excellence.' Last month, AIQ secured a contract valued at $340m from Abu Dhabi National Oil Company (ADNOC) for the implementation of its ENERGYai platform and related AI solutions. This aims to boost efficiency and accuracy within ADNOC's upstream activities. "Weatherford partners with AIQ to improve efficiency in energy production" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
22-04-2025
- Business
- Yahoo
Weatherford partners with AIQ to improve efficiency in energy production
Weatherford International (WFRD) has entered a memorandum of understanding (MOU) with AIQ, the Abu Dhabi-based AI company, to revolutionise energy production with the integration of advanced automation and AI technology. The collaboration will see the merging of Weatherford's software and hardware solutions including Modern Edge suite, Unified Data Model and WFRD Software Launchpad with AIQ's AI-driven systems. This synergy is expected to provide operators with the tools to optimise production workflows, reduce downtime and boost operational efficiency. Weatherford president and chief executive officer Girish Saligram commented: 'We are excited to partner with AIQ to bring innovative, AI-driven solutions to the oil and gas industry. This strategic partnership allows us to deliver cutting-edge technologies that empower our customers to maximise their operational efficiency, enhance automation and reduce costs. "By combining our strengths, we are leading the way in helping operators modernise their workflows and achieve greater success in today's rapidly evolving energy landscape.' By leveraging Weatherford's Modern Edge suite and AIQ's technology, the partnership promises to scale up work processes while ensuring economic returns. The integration is designed to enable autonomous production, modernise edge operations and offer the flexibility to expand while optimising resources and cutting costs. The Universal Normaliser from Weatherford will work alongside AIQ's systems to harmonise data from multiple assets. This unified approach to operational and financial data, supported by an API (application programming interface)-driven data model, is set to enhance decision-making and streamline operations. Furthermore, through the WFRD Software Launchpad, customers will have access to a comprehensive industrial software-as-a-service platform. AIQ acting managing director Magzhan Kenesbai said: "This platform simplifies the procurement of software needs, managing multiple systems and vendors, and provides a singular access point for all Weatherford and partner-built applications. 'This partnership marks another step in AIQ's mission to build partnerships that accelerate the deployment of impactful AI systems across the energy value chain. By integrating our advanced AI-driven tools with Weatherford's energy-specific technology, we are driving greater efficiencies to the industry through the development of scalable, automated applications." Kenesbai added: "Together, we are set to empower operators to optimise their workflows, reduce downtime and achieve unparalleled operational excellence.' Last month, AIQ secured a contract valued at $340m from Abu Dhabi National Oil Company (ADNOC) for the implementation of its ENERGYai platform and related AI solutions. This aims to boost efficiency and accuracy within ADNOC's upstream activities. "Weatherford partners with AIQ to improve efficiency in energy production" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Zawya
22-04-2025
- Business
- Zawya
AIQ and Weatherford sign strategic partnership to accelerate efficiency in energy production
ABU DHABI, UAE and HOUSTON, Texas — AIQ, the Abu Dhabi-based artificial intelligence (AI) champion developing innovative solutions for the energy sector, and Weatherford International plc (NASDAQ: WFRD) (Weatherford), today announced the signing of a strategic collaboration agreement to bring transformative efficiency to energy production, leveraging advanced automation, data-driven insights, and the power of AI technology. The collaboration aims to integrate Weatherford's world-class software and hardware solutions, including the Modern Edge suite, Unified Data Model, and WFRD Software Launchpad, with AIQ's robust AI-driven systems. By combining these advanced tools, AIQ and Weatherford will enable operators to optimize their production workflows, reduce downtime, and significantly enhance operational efficiency across global energy facilities. Magzhan Kenesbai, Acting Managing Director of AIQ said, 'This partnership marks another step in AIQ's mission to build partnerships that accelerate the deployment of impactful AI systems across the energy value chain. By integrating our advanced AI-driven tools with Weatherford's energy-specific technology, we are delivering greater efficiencies to the industry through the development of scalable, automated applications. Together, we are set to empower operators to optimize their workflows, reduce downtime, and achieve unparalleled operational excellence.' Girish Saligram, President and Chief Executive Officer of Weatherford, commented, 'We are excited to partner with AIQ to bring innovative, AI-driven solutions to the energy industry. This strategic partnership allows us to deliver cutting-edge technologies that empower our customers to maximize their operational efficiency, enhance automation, and reduce costs. By combining our strengths, we are leading the way in helping operators modernize their workflows and achieve greater success in today's rapidly evolving energy landscape.' Key Highlights of the Strategic Partnership include: Modern Edge Integration: The partnership will combine AIQ's AI technology with Weatherford's Modern Edge, providing operators with the ability to scale their work processes efficiently while ensuring an economic return. This integration will empower customers to modernize their edge operations, facilitate autonomous production, and offer the flexibility to expand operations, all while optimizing resource usage and reducing costs. Unified Data Model: Weatherford's Universal Normalizer will work in tandem with AIQ's capabilities to harmonize multi-asset data, combining operational and financial analysis into a unified, API-supported data model. This will drive smarter decision-making and streamline operations across facilities. WFRD Software Launchpad: Through the WFRD Software Launchpad, customers will gain the ability to procure all of their software needs via a comprehensive industrial SaaS platform. This eliminates the complexity of managing multiple systems and vendors, providing a single point of access for all Weatherford and partner-built applications, while ensuring data security and autonomy within their own network. By combining their strengths, AIQ and Weatherford will enable the energy sector to unlock unprecedented efficiencies, boost productivity, and reduce operational costs. This partnership is a significant step forward in the delivery of innovative solutions that empower operators to succeed in an increasingly competitive and data-driven industry. About AIQ AIQ is an innovative global technology pioneer based in Abu Dhabi, dedicated to accelerating AI-driven advancements within the Energy sector, propelling it towards a sustainable future. AIQ solutions improve performance and efficiency; protect personnel, assets, and operations; and enable customers to meet their sustainability goals. As a committed contributor to realizing the UAE's ambition to lead the world in AI by 2031, AIQ is playing a pivotal role in the AI ecosystem of Abu Dhabi, the UAE, and the global Energy sector. To find out more, visit: For media enquiries, please contact: About Weatherford Weatherford delivers innovative energy services that integrate proven technologies with advanced digitalization to create sustainable offerings for maximized value and return on investment. Our world-class experts partner with customers to optimize their resources and realize the full potential of their assets. Operators choose us for strategic solutions that add efficiency, flexibility, and responsibility to any energy operation. The Company conducts business in approximately 75 countries and has approximately 19,000 team members representing more than 110 nationalities and 330 operating locations. Visit for more information and connect with us on social media. Contacts For Investors: Luke Lemoine Senior Vice President, Corporate Development & Investor Relations For Media: Kelley Hughes Senior Director, Communications & Employee Engagement media@
Business Insider
22-04-2025
- Business
- Business Insider
Weatherford signs energy production MOU with AIQ
Weatherford (WFRD) announced it has signed a strategic memorandum of understanding with AIQ. This partnership is set to bring efficiency to energy production, leveraging advanced automation, data-driven insights, and the power of AI technology. The collaboration aims to integrate Weatherford's software and hardware solutions, including the Modern Edge suite, Unified Data Model, and WFRD Software Launchpad, with AIQ's robust AI-driven systems. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener.
