By World Oil Staff on 5/13/2019
Photo: Weatherford President and CEO Mark McCollum.
HOUSTON One of the worlds largest oilfield services companies filed for Chapter 11 Bankruptcy protection on Friday, and the move may finally give Weatherford International plc enough room/time to turn around its struggling operations. The firm announced that it has executed a restructuring agreement with a group of senior noteholders that collectively holds 62% of …
Read the full article at: https://www.worldoil.com/news/2019/5/13/details-and-analysis-weatherford-uses-chapter-11-restructuring-to-gain-breathing-room