Skip to main content

Weatherford Announces Agreement with Honeywell to Deliver Advanced Emissions Management Solution

Written by Customer Service on . Posted in Public Companies.

HOUSTON, Nov. 07, 2023 (GLOBE NEWSWIRE) — Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced it has signed a memorandum of understanding (“MOU”) with Honeywell to deliver a combined CygNet™ SCADA and Honeywell Emissions Management suite for advanced emissions management and accelerate customers’ decarbonization strategy.

The MOU leverages Weatherford’s CygNet™ SCADA platform, the energy industry’s first standardized solution that allows operators to process data and information in real-time to support daily operations and strategic decision making, and Honeywell’s Emission Management suite, an outcome-based offering that helps customers measure, monitor, report, and reduce emissions. The integrated system will facilitate immediate access to essential data, empower decision-makers to act swiftly to mitigate risks, and enhance operational efficiency to achieve decarbonization targets.

Girish Saligram, President and Chief Executive Officer of Weatherford, commented, “I am pleased to announce our collaboration with Honeywell, an alliance that further bridges the gap between technological excellence and environmental stewardship. This transformative offering provides cutting-edge tools and actionable data to help customers reach their sustainability goals with confidence and efficiency.”

“Honeywell is helping organizations measure emissions and produce consistent metrics for sustainability, along with providing actionable insights to drive reductions,” said Pramesh Maheshwari, President of Honeywell Process Solutions. “Our Emissions Management suite, together with Weatherford’s well lifecycle technology, enables our customers to set targets, drive emissions reductions, and monitor progress in real time to enable their net-zero journey.”

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 operates in approximately 75 countries and has approximately 18,000 team members representing more than 110 nationalities and 335 operating locations. Visit weatherford.com for more information and connect with us on social media.

For Media:
Kelley Hughes
Sr. Director, Corporate Communications and Employee Engagement
media@weatherford.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.