Oilfield services firm Weatherford files for bankruptcy

14.05.2019

Oilfield services provider Weatherford International Plc, a long-time operator throughout the wider Caspian region but now burdened by a heavy debt load and years of losses, said on Friday it would file for Chapter 11 bankruptcy protection.

The company, which at its peak was valued at more than $50 billion (£38.4...