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The combined businesses are expected to have a contracted revenue backlog of around $1.3bn.
Ventura Offshore Holding Ltd (FRA:G4C) reports 98% uptime and secures over $500 million in contract extensions, positioning for a dividend-rich 2027.
Weatherford International secured new contracts with Constellation Oil Services and Ventura Offshore Holding Ltd for offshore work and managed pressure drilling in Brazil. The company expanded its partnership with Noble Corporation through multiple managed pressure drilling contracts covering operations in Guyana and Nigeria. A global aftermarket agreement with Noble adds lifecycle support across its fleet, strengthening Weatherford's position in managed pressure drilling services. These...
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