Latest news with #Weatherford
Yahoo
21-05-2025
- Business
- Yahoo
Perforating Gun Global Markets 2025-2030 with SLB, Baker Hughes, Halliburton, NOV, and Weatherford Dominating
The perforating gun market is projected to grow from USD 1.19 billion in 2025 to USD 1.48 billion by 2030, with a CAGR of 4.5%. Driven by increasing global energy demands, the onshore segment is expected to lead market growth due to advanced perforating technologies improving well completion operations. High-pressure wells will capture the largest market share, leveraging precise perforating guns for optimal reservoir access. Asia Pacific is set to be a key growth region supported by favorable policies. Major players include SLB, Baker Hughes, Halliburton, NOV, and Weatherford. Innovations like DynaEnergetics' DS Gravity 2.0 are enhancing productivity, while strategic developments by Baker Hughes and Weatherford expand market reach. Perforating Gun Market Dublin, May 21, 2025 (GLOBE NEWSWIRE) -- The "Perforating Gun Market by Gun Type (Through Tubing Hollow Carrier & Exposed, Wireline Conveyed Casing, TCP), Well Type (Horizontal, Vertical), Depth (Up to 3,000 ft, 3,001-8,000 ft, above 8,000 ft), Pressure, Application, Region - Global Forecast to 2030" has been added to offering. The perforating gun market is projected to escalate from USD 1.19 billion in 2025 to a notable USD 1.48 billion by 2030, exhibiting a CAGR of 4.5% over the forecast period. The relentless global energy demand, spurred by industrial expansions, burgeoning transportation networks, and urbanization, intensifies the pressure on oil and gas producers to amplify supply. The market is predominantly controlled by global players, with SLB, Baker Hughes, Halliburton, NOV, and Weatherford leading the charge. By application, the onshore segment is projected to be the fastest growing market during the forecast period. Within the market, perforating gun applications are bifurcated into offshore and onshore segments. Cutting-edge perforating technologies are enhancing the efficacy and precision of well completion in onshore oil fields. Modern reservoir targeting empowers operators to efficiently reach reservoirs through Wireless Completion and TCP systems. Production in unconventional onshore formations like shale and tight oil achieves peak efficiency via methods that minimize formation damage and enhance reservoir interaction. Recent advances with wireless technology and electronic firing components allow remote system activation and monitoring, optimizing both safety and cost-effectiveness in onshore operations. By pressure, the high-pressure well segment is anticipated to garner the largest market share during the forecast period. High-pressure segments hold significant hydrocarbon volumes under immense pressure, posing vast production opportunities. Performance-optimized perforating guns are key to accessing high-pressure reserves, ensuring precise perforations under challenging conditions. This capability yields optimal initial production rates and improved long-term recovery while minimizing geological damage. Asia Pacific is expected to be the second fastest region in the perforating gun market. The region is poised to be the second fastest in the market from 2025-2030, driven by governmental endorsements and favorable policies stimulating upstream oil & gas enterprises. India's HELP and China's licensing initiatives enhance exploration, allowing domestic and international operators meaningful access to potential reserves, thereby boosting market demand. Key Benefits of Buying the Report Key market drivers include favorable policies and initiatives towards sustainability. Opportunities lie in re-perforation for mature field production optimization, despite challenges like standardization issues. Product Development/Innovation: DynaEnergetics introduced DS Gravity 2.0, an industry-leading, compact perforating gun enhancing efficiency by eliminating orienting subs and weight bars, supported by an adept charge portfolio. Market Development: Weatherford secured a five-year contract with Petrobras in Brazil for Drill Pipe Riser systems, commencing March 2025, replacing a prior contract and signaling new market dynamics. Market Diversification: Baker Hughes launched a regional oilfield services hub at King Salman Energy Park, bolstering service delivery and positioning for regional growth. Competitive Assessment: Rankings and competitive insights into key players such as SLB, Baker Hughes, Halliburton, NOV, and Weatherford. Key Attributes: Report Attribute Details No. of Pages 233 Forecast Period 2025 - 2030 Estimated Market Value (USD) in 2025 $1.19 Billion Forecasted Market Value (USD) by 2030 $1.48 Billion Compound Annual Growth Rate 4.5% Regions Covered Global Key Topics Covered: Market Dynamics Drivers Surging Industrialization, Urbanization, and Rising Living Standards in Emerging Economies Growing Need For Maximizing Production Potential of Mature Oil and Gas Fields Through Re-Perforation Restraints Fluctuating Oil Prices Lack of Standardization Opportunities Re-Perforation of Old Wells Digitalization and Automation Challenges Safety Risks Associated With Handling, Transporting, and Deploying Explosive Charges in Oil & Gas Wells High Operational Costs Case Study Analysis Hunting Titan Introduced H-4 Internal Orienting Perforating System That Ensured Reliability and Accuracy in Horizontal Well Completions Expro's Argentina Team Introduced Gravity-Assisted, Self-Orienting Gun System To Achieve Reliable 0 Orientation Gr Energy Services Partnered With Wellmatics To Design and Deploy Custom-Engineered Perforating Gun System That Minimized Human Error Risks and Significantly Reduced Misfire Occurrences Company Profiles Slb Weatherford Baker Hughes Company Halliburton Nov Core Laboratories Expro Group Xi'an Zz Top Oil Tools Co., Ltd Llc "Promperforator" G&H Diversified Manufacturing, L.P. Repeat Precision Oso Perforating Wellmatics Dmc Global Geodynamics Shaanxi Fype Rigid Machinery Co., Ltd Hunting Steelhaus Technologies Inc. Hunt & Hunt Ltd. Swm Technologies Landsea Technical Services Pte. Ltd. China Vigor Drilling Oil Tools and Equipment Co., Ltd Pengo Wireline of California Fhe USA Llc Renegade Services For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Perforating Gun Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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@
Daily Mail
09-05-2025
- Entertainment
- Daily Mail
Baywatch icon who worked with Pamela Anderson dies at age 77... just 12 days after his wife's death
A legendary publicist who was responsible for building Baywatch into one of television's most iconic series has passed away. Paul Nichols died at his home in Weatherford, Texas, on March 14 aged 77. No cause of death has yet been disclosed. The news was shared by his family on Wednesday. He died only 12 days after his wife of 31 years, Linda, passed away, making it a double tragedy for the Nichols family. Nichols was a publicist working at The Lippen Group in 1991 and worked tirelessly to stop the show from being cancelled and instead become syndicated globally. The series went on to become a powerhouse money-maker, generating $70million and attracting a weekly audience of 1.1 billion in 142 countries at its peak. Baywatch aired from 1989 until 2001 with 241 episodes in all. The beach drama starred David Hasselhoff, Pamela Anderson, Yasmine Bleeth and Nicole Eggert. The show focused on Lt. Mitch Buchannon (Hasselhoff), who was the dedicated leader of a group of lifeguards on Malibu Beach in Los Angeles. Although this prime-time soap opera featured a lot of sand, sun and bikinis, it also tackled many serious themes and had multifaceted characters. There was also a Baywatch movie made in 2017, starring The Rock and Priyanka Chopra. Paul was born in Delaware in 1948 and graduated with a degree in broadcast journalism from Penn State University in 1970. He started out as a DJ then went into showbusiness. His first big job was on the talk show The Mike Douglas Show, based in Philadelphia. In 1980, he relocated to California to work for John Davidson, Douglas' talk-show successor. He also was employed at Group W, All American Television and Sony Pictures Television. It comes after Baywatch actor Michael Newman died at the age of 68 in October. He was best known for his role as lifeguard Mike 'Newmie' Newman on the hit TV series. The actor also starred on Baywatch Nights for three episodes in 1996. Newman passed away due to complications related to Parkinson's Disease, according to PageSix. He was first diagnosed with the disease in 2006 at the age of 50. Newman was the only Baywatch actor who had worked as a lifeguard in real life. He appeared on 150 episodes of the show, which was the most appearances of any character, with the exception of main star David Hasselhoff. The actor was also working as a full-time firefighter while starring on Baywatch. His struggle with Parkinson's disease was mentioned on the recent documentary After Baywatch: Moment in the Sun. 'This terminal disease has allowed me a lot of thinking time, which I maybe didn't want, but it's brought me wisdom,' Newman told People in August. 'My body has changed so slowly that I hardly notice it, yet I am constantly reminded that Parkinson's has now become the center of my life,' he added. Newman also said, 'I am cherishing the days that I get to be on this earth with family and friends. I'm taking life seriously.' He shared that the words he lives by are, 'It's not a run-through.' Michael's Baywatch alter ego Newmie was based on himself as he was a lifeguard in real life. The actor wasn't intended to star on the show and was first employed as a stuntman, but he eventually got to be right at the heart of the action. 'I was too useful for them to get rid of me,' he said. 'I basically started off as a stuntman, and after seven years of being out of the opening credits, I finally was anointed and allowed to be in the front of the show.' After his stint on Baywatch, Michael retired from acting because he found it 'hard' to 'look natural' on camera. He explained: 'If you didn't have to be there, why would you be? Let's be honest … there's not too many actors that have survived the years of working in Hollywood.' He admitted there are negative sides to the industry that led to his exit. Michael said: 'Having to deal with the people who scratch your name out on the script and put their name on there? That kind of thing … you never get used to that.' Michael is survived by his wife, Sarah, their son Chris and daughter Emily, as well as granddaughter Charlie. Newman appeared in the 1999 movie Enemy Action with co-stars C Thomas Howell and Louis Mandylor. The thriller was about two Air Force officers who are after a stolen high-tech smart bomb.
Libya Review
07-05-2025
- Business
- Libya Review
US Oil Giant Weatherford Resumes Operations in Libya
The US-based oilfield services giant Weatherford has officially announced its return to Libya after more than a decade of absence, marking a significant development in the country's efforts to revitalize its energy sector and attract major international partners. The announcement was made during a meeting on Wednesday between Richard Ward, Deputy Executive Director of Weatherford, and Masoud Suleiman, Chairman of Libya's National Oil Corporation (NOC), at the NOC's headquarters in Tripoli. Ward confirmed that the company is fully prepared to resume its technical operations and field services in Libya, highlighting Weatherford's serious commitment to restoring its presence and contributing to the recovery of Libya's oil industry. Weatherford was previously active in the country but suspended its operations following the outbreak of conflict in 2011. Its return is seen as a sign of renewed international confidence in the Libyan market, particularly in the oil and gas sector, which remains the backbone of the national economy. During the meeting, both sides discussed practical steps to reinitiate services, including technical support for national oil companies, the implementation of advanced field solutions, and plans for long-term cooperation. The NOC welcomed the company's decision to return and emphasized the importance of leveraging international expertise to enhance operational efficiency and upgrade oil infrastructure across Libya. This renewed partnership is expected to play a role in boosting Libya's oil production capacity, which is crucial for economic recovery and fiscal stability. The NOC continues to encourage the return of international companies that had suspended work during past periods of instability, as part of a broader strategy to rebuild trust and ensure sustainable investment in the sector. Tags: libyanocoilusWeatherford
Yahoo
06-05-2025
- Business
- Yahoo
Perforating Gun Market worth $1.48 billion by 2030
Countries in North America have significantly increased E&P activities focused on shale and tight oil reserves, particularly in the US and Canada. Advanced drilling technologies have been employed to efficiently access and produce from unconventional oil reservoirs to support this growth. Key developments driving the Perforating Gun Market in the region are high shale and tight oil production, a strong oilfield service sector, and a favorable investment environment. As a result, the demand for advanced perforating systems continues to rise, cementing North America's position as the market leader. The growth of wells ranging in depth from 3,001–8,000 ft. in the Perforating Gun Market has been driven by lower operational costs and faster return on investment. These wells require shorter rig time, simpler equipment, and reduced logistics, making them attractive for cost-sensitive operations. Key advantages supporting this trend include quicker project turnaround and the ability for operators to generate revenue sooner, benefiting small and independent companies aiming to minimize risk and improve cash flow efficiency. Thus, market growth driven by the combined support of cost efficiency and accelerated revenue generation from faster project completion propels this segment's demand. The Perforating Gun Market is significantly driven by the wireline conveyed casing gun system, which offers faster and more precise perforation with reduced operational costs. This system provides a highly efficient solution, making it an attractive choice for oil and gas operators looking to optimize well productivity while minimizing expenses. As the demand for more cost-effective and advanced perforating technologies rises, the wireline-conveyed casing gun system is expected to continue dominating the market and supporting its overall growth. DELRAY BEACH, Fla., May 6, 2025 /PRNewswire/ -- The global Perforating Gun Market is anticipated to grow from estimated USD 1.19 billion in 2025 to USD 1.48 billion by 2030, at a CAGR of 4.5% during the forecast period. The major factors driving the growth of the Perforating Gun Market are rising exploration and production of unconventional oil & gas resources, especially in the North American region. Additionally, long-term factors such as increasing upstream activities and the presence of experienced oilfield service companies drive growth in the Perforating Gun Market. Story Continues Key Players Some of the major players in the Perforating Gun Market are SLB (US), Weatherford (US), Baker Hughes Company (US), Halliburton (US), and NOV (US). The major strategies adopted by these players include acquisitions, sales contracts, agreements, partnerships, and collaborations. Request Sample Pages: SLB (US) SLB (US) provides products, services, technologies, information solutions, and integrated project management solutions to the oil & gas market. It is involved in reservoir characterization, drilling, production, and processing, and the research and engineering, manufacturing, operations, maintenance, and resource planning constitute its core business activities. It carries on its operations through its four business segments, i.e., Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. It provides perforating guns under the Reservoir Performance segment, which contributed to a 19.4% share of the total revenue in 2024. The Reservoir Performance business unit provides wireline services (wireline logging and perforating), formation and fluid characterization testing services, and stimulation services, including pressure pumping, well stimulation, reservoir monitoring, and downhole data acquisition. The organization is focused on strengthening this base in the market. For instance, in April 2024, SLB announced the acquisition of ChampionX (US), an artificial lift specialist. With this initiative, SLB expanded its product line in the upstream industry's production sector, which, unlike drilling and completions, comprises most of a well's life. Weatherford (US) Weatherford (US) is among the leading multinational oilfield service companies that deliver technologies, solutions, and services for upstream activities in the oil & gas industry. It offers equipment and services for both onshore and offshore operations. The company operates its business through four segments: Drilling & Evaluation, Well construction and completions, Production and Intervention, and Others. Weatherford offers perforating guns through the Drilling & Evaluation segment. The firm focuses on adopting various strategies to expand its reach in the market. For instance, in September 2024, Weatherford acquired Datagration Solutions Inc. (US), a pioneer in machine learning, analytics, and unified data integration. Through the acquisition, Weatherford now offers one of the most advanced and modern digital solutions for production and asset optimization in the oil & gas sector. For more information, Inquire Now! Related Reports: Well Intervention Market Well Testing Services Market Well Completion Equipment and Services Market Get access to the latest updates on Perforating Gun Companies and Perforating Gun Industry About MarketsandMarkets™: MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. 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