Weatherford International plc announced a partnership with Eclipse Energy, a climate‑technology startup that converts abandoned oil wells into hydrogen and other clean fuels. The agreement includes a capital investment from Weatherford and will launch joint projects in January 2026.
Eclipse’s platform uses subsurface microbiology to stimulate hydrogen production in depleted reservoirs. A field trial completed in June 2025 demonstrated bio‑stimulated hydrogen output at a cost competitive with natural gas, around $0.50 per kilogram, and required no potable water. The partnership will apply this technology to Weatherford’s global portfolio of mature wells.
Weatherford’s diversification into low‑carbon solutions is underscored by its recent financial performance. In Q3 2025 the company generated $1.232 billion in revenue, up 2% sequentially but down 13% year‑over‑year, and reported diluted earnings per share of $1.12, missing analyst estimates of $1.15. Adjusted EBITDA rose 6% sequentially to $269 million, with a margin of 21.8%. In Q4 2024 Weatherford posted $1.341 billion in revenue and $1.50 in diluted EPS, reflecting a 5% sequential decline in sales but a 2% year‑over‑year drop. The company operates in 75 countries and employs about 17,000 people.
The clean‑fuel market is projected to reach $750 billion by 2035, and Weatherford’s investment positions it to capture a share of that growth by converting its mature reservoir assets into predictable, low‑cost clean‑fuel production sites. The partnership leverages Weatherford’s drilling and completion capabilities to accelerate deployment of Eclipse’s technology, potentially creating a new revenue stream that offsets declining traditional oil‑field services.
Eclipse Energy CEO Prabhdeep Singh Sekhon said, “We strongly believe the subsurface is the most overlooked climate asset. This partnership demonstrates how traditional oilfield expertise and frontier biotechnology can come together to transform the energy transition.”
The collaboration signals Weatherford’s strategic shift toward sustainable energy solutions. By integrating its operational footprint with Eclipse’s innovative platform, Weatherford can transform legacy wells into profitable clean‑fuel assets, reducing the cost of plug‑and‑abandonment and aligning with global decarbonization trends. The partnership also reflects Weatherford’s broader “New Energy Solutions” initiative, which includes carbon capture and other low‑carbon technologies.
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