Latest news with #WeatherfordInternational
India.com
06-08-2025
- Business
- India.com
After massive layoffs, Noel Tata's TCS to transform AI-driven business for…, extends partnership with…
TCS had indicated that it is set to lay off about 2 per cent, or 12,261 employees, of its global workforce this year, with the majority of those impacted belonging to middle and senior grades. As of June 30, 2025, TCS's workforce stood at 6,13,069. It increased its workforce by 5,000 employees in the recently concluded April-June quarter. The move is part of the company's broader strategy to become a 'future-ready organisation', focusing on investments in technology, AI deployment, market expansion, and workforce realignment, TCS said in a statement. TCS Partnership With Weatherford IT services major Tata Consultancy Services (TCS) said it has secured a five-year contract renewal and expansion with Weatherford International to drive the North America-based oilfield service company's AI-driven business transformation. The renewed collaboration builds on a seven-year partnership, during which TCS's services led to an approximately 50 per cent reduction in Weatherford's total cost of ownership in mission-critical operations, the company said in a statement. What Will TCS Serve For Company? Under the extended agreement, TCS will leverage its expertise in Artificial Intelligence (AI) and automation to enhance operational efficiency across Weatherford's finance, supply chain, and human resources domains. Additionally, TCS's advisory offerings will support Weatherford in simplifying workflows, fostering innovation, and enabling outcome-based strategies aimed at maximising agility and long-term financial resilience. 'By leveraging TCS's expertise, we aim to enhance scalability, foster innovation, and ensure sustainable growth while reinforcing our commitment to delivering unmatched value to our customers,' said Girish Saligram, President and CEO at Weatherford International. (With Inputs From PTI)
Yahoo
17-06-2025
- Business
- Yahoo
Weatherford Announces Second-Quarter 2025 Conference Call
HOUSTON, June 17, 2025 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) ('Weatherford' or the 'Company') will host a conference call on Wednesday, July 23, 2025 to discuss the Company's results for the second quarter ended June 30, 2025. The conference call will begin at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). Prior to the conference call, the Company will issue a press release announcing the results and the associated presentation slides will be uploaded to the investor relations section of the Weatherford website. Listeners can participate in the conference call via a live webcast. Alternatively, the conference call can be accessed by registering in advance (which will provide a PIN for immediate access) or by dialing +1 877-328-5344 (within the U.S.) or +1 412-902-6762 (outside of the U.S.) and asking for the Weatherford conference call. Participants should log in or dial in approximately 10 minutes prior to the start of the call. A telephonic replay of the conference call will be available until August 6, 2025, at 5:00 p.m. Eastern Time. To access the replay, please dial +1 877-344-7529 (within the U.S.) or +1 412-317-0088 (outside of the U.S.) and reference conference number 1312926. 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 18,000 team members representing more than 110 nationalities and 320 operating locations. Visit for more information and connect with us on social media. Contact:Luke LemoineWeatherford Investor Relations+1 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
Trade Arabia
03-06-2025
- Business
- Trade Arabia
TAQA appoints new Executive VP of Products & Technologies and CTO
Industrialization and Energy Services Company (TAQA), a global leader in energy and industrial services, has welcomed Jeff Lembcke to TAQA as Executive Vice President of Products & Technologies and Chief Technology Officer. Lembcke brings to TAQA more than four decades of global experience in engineering leadership within the energy services sector. In his new role, he will oversee TAQA's technology strategy, product innovation, and engineering excellence across our diversified portfolio of solutions. Prior to joining TAQA, Lembcke held senior executive roles at Weatherford International, including Chief Engineer, Director of Engineering Quality, and Vice President of Research, Development, and Engineering. He successfully led complex transformation programs, including integrating over 40 acquisitions, while accelerating innovation cycles and maintaining high operational performance. Lembcke is widely respected for his technical depth and strategic vision. He holds more than 50 US patents in areas such as artificial lift, completions, fiber optics, and production optimization, and has contributed to the development of global industry standards through his long-standing involvement with API and ISO technical committees. He earned a BS in Mechanical Engineering from the University of Oklahoma and an MBA from the University of Tulsa. Lembcke is also known for his strong leadership, mentorship, and passion for building high-performing teams and fostering a culture of innovation, TAQA said. - TradeArabia News Service
Libya Review
06-05-2025
- Business
- Libya Review
US Oil Services Giant Weatherford Resumes Operations in Libya
American oilfield services company Weatherford International has officially resumed its operations in Libya after more than ten years of suspension, in a significant step forward for the country's energy sector recovery. The announcement came during a meeting in Tripoli between Weatherford's Deputy CEO Richard Ward and the Chairman of Libya's National Oil Corporation (NOC). Ward confirmed that Weatherford has already restarted providing services to Libyan oil companies, operating from its new headquarters in the Hay Al-Andalus district of the capital. Ward stated that the company is fully prepared to deliver comprehensive technical and field services at the Jalu 59 oilfield. He emphasised Weatherford's readiness to support the Libyan energy industry with its expertise and advanced oilfield technologies. Expressing the company's commitment to long-term cooperation, Ward reaffirmed Weatherford's intention to work closely with Libyan oil institutions and maintain the highest standards of service delivery across all operations. This move marks a key milestone in Libya's efforts to revitalise its oil and gas infrastructure, which has suffered setbacks due to years of conflict and instability. Tags: libyanocoiltripoliusWeatherford
Reuters
05-05-2025
- Business
- Reuters
Weatherford CEO says oil below $50/bbl could hurt offshore investments
HOUSTON, May 5 (Reuters) - Oil prices below $50 a barrel could hurt final investment decisions on offshore projects, oilfield services company Weatherford International's (WFRD.O), opens new tab CEO Girish Saligram said on Monday. Plans by the producer group OPEC+ to raise output and U.S. President Donald Trump's tariff policies have pushed U.S. crude oil prices down to over four-year lows to around $57, worrying investors of production shut-ins. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. Offshore production has remained a rare bright spot as investments are longer cycle, unlike shale. "If we see prices sustain below $50 a barrel, I think it could create a little bit of a lull for some of the new final investment decisions," Saligram said on the sidelines of the Offshore Technology Conference in Houston. Projects that are already underway are unlikely to be impacted as companies have thought through different commodity price scenarios, Saligram added.
