U.S. Oilfield Services Major Expands in Russia

U.S. oilfield services provider Weatherford International has expanded its business in Russia despite EU and U.S. sanctions on the country’s energy industry, the Financial Times has reported, citing financial performance figures for the company. In the first half of this year, Weatherford’s revenues from its Russian operations rose to 7% of the total $2.4 billion, from 5% of the total for the first six months of 2024, the report said, noting the oilfield service provider generated some $332 million in cash and assets in Russia as of…