Weatherford
Weatherford
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In a move to reduce debt, Weatherford sold fellow list member ADES its land drilling rigs in Kuwait, Saudi Arabia, and Algeria. The company’s main goal for 2018 was long-term debt reduction, and in its FY 2018 results reported that it was not able to reduce net debt. Still, its current restructuring could see it focus further on the Middle East, and its portfolio of digital tools is only growing.
