Company Research Report: Nabors Industries Ltd.

Company Overview

• Name: Nabors Industries Ltd.

• Mission: To deliver best-in-class drilling performance through exceptional people, execution, teamwork, and technology, facilitating the transition to a lower-carbon world.

• Founded: 1952 by Clair Nabors

• Key People:

• Anthony G. Petrello, Chairperson, President, and Chief Executive Officer

• William Restrepo, Chief Financial Officer

• Siggi Meissner, President, Energy Transition and Industrial Automation

• Travis Purvis, Senior Vice President, Global Drilling Operations

• Subodh Saxena, Senior Vice President, Canrig and Nabors Drilling Solutions

• Headquarters: Houston, Texas

• Number of employees: No information is available

• Revenue: No information is available

• Known For: Leading provider of advanced technology for the energy industry, owning one of the world’s largest land-based drilling rig fleets and offering offshore platform rigs.

Products

Drilling Solutions

• SmartRigs

• PACE-S: Automation-focused drilling rigs to build better wells through digital tools.

• Canrig

• Engineering Equipment: Specializes in advanced and robotic drilling equipment.

Drilling Software and Tools

• RigCLOUD: A suite of tools to optimize drilling performance, featuring proprietary technologies.

Energy Transition Solutions

• Robotics: Focused on reducing emissions and supporting low-carbon business models.

Specialty Rigs

• Harsh Environment Rigs: Designed for low consumption, zero discharge with high capacity to drill efficiently.

Downhole Tools & Services

• Directional Drilling: Measurement-while-drilling services for improved efficiency and accuracy in hydrocarbons extraction.

Recent Developments

• Awards and Recognition:

• Won the 'Digital Enabler of the Year' and 'Service Provider of the Year' at the 2025 Oil & Gas Middle East Awards, acknowledging achievements in drilling automation and safety.

• Collaborations:

• Partnered with ProDirectional to accelerate the adoption of automated steering technologies, enhancing operational efficiency and safety through advanced tools like SmartNAV® and SmartSLIDE®.

• Engaged in a collaboration with e2Companies, focusing on AI-based power solutions to drive grid stability and efficiency.

• Business Moves:

• Announced the planned business combination of Nabors Energy Transition Corp II with e2Companies LLC to strengthen operation capabilities and penetrate new markets.

• Product Launches:

• Launched the Red Zone Robotics Rig Floor Module to automate land drilling rig operations for greater safety and consistency.

• Technology Advances:

• Deployment of fully robotic land rigs in the Permian Basin, incorporating Smart Suite software with Canrig robotics for unmanned rig operations.

Summary

Nabors Industries Ltd. remains at the forefront of technological innovation in the energy sector, offering a range of advanced drilling solutions and services. The company's focus on automation, digital tools, and sustainable practices underpins its mission to lead the transition to efficient and responsible hydrocarbon production. Through strategic partnerships and technological advancements, Nabors continues to enhance the safety, efficiency, and environmental performance of its operations, maintaining its leadership position in the global energy market.