Nabors Industries is leaning on long-term deals and deeper partnerships in key oil-producing regions to smooth out the usual boom-and-bust cycle in drilling. But the story comes with big question marks, including heavy debt, aging equipment, and the risk that a world shifting away from fossil fuels leaves less work over time.Read more
Nabors Industries makes its money from drilling, but a faster shift toward cleaner energy and tougher carbon rules could leave it fighting for a shrinking pool of work. At the same time, its push into overseas markets, new drilling technology, and tighter financial discipline may help it hold up better than critics expect.Read more
Nabors is leaning on long-term drilling contracts and a push into more automated rigs to keep its business steady even when parts of the oilfield market soften. The big question is whether these upgrades and recent deal synergies can outweigh heavy debt, high spending needs, and uneven conditions in key regions.Read more
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Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. The company offers tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software. The company also offers drilling systems comprising ROCKit, a directional steering control system; SmartNAV, a collaborative guidance and advisory platform; SmartSLIDE, a directional steering control system; and RigCLOUD, a digital infrastructure that integrate applications to deliver real-time insight into operations across the rig fleet. In addition, it operates a fleet of land-based drilling rigs and marketed platforms rigs; manufactures and sells top drives, catwalks, wrenches, drawworks, and other drilling related equipment, such as robotic systems and downhole tools; and provides aftermarket sales and services for the installed base of its equipment. Nabors Industries Ltd. was founded in 1952 and is based in Hamilton, Bermuda.
