Weatherford announces agreement with Honeywell

Weatherford International (WFRD) announced it has signed a memorandum of understanding, MOU, with Honeywell (HON) 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. 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.”