Nabors Industries Ltd. (NBR) Stock

Nabors Industries Ltd., founded in 1952 and based in Hamilton, Bermuda, delivers a comprehensive array of drilling and related support services critical for both land-based and offshore oil and natural gas well operations. The company's activities are organized across five key divisions: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. Through these segments, Nabors provides specialized offerings such as tubular running, precise wellbore placement, advanced directional drilling, measurement-while-drilling (MWD), equipment fabrication, and rig instrumentation services. They also supply logging-while-drilling systems, alongside software designed to enhance drilling efficiency. Their innovative technological portfolio includes REVit, an automated system for real-time stick-slip mitigation; ROCKit and SmartSLIDE, both advanced directional steering control systems; SmartNAV, a platform facilitating collaborative guidance and advice; and RigCLOUD, which furnishes the tools and infrastructure necessary for integrating applications to offer real-time operational insights across their entire fleet of rigs. Additionally, Nabors manufactures and markets essential drilling apparatus, including top drives, catwalks, wrenches, drawworks, and other specialized equipment like robotic systems and downhole tools, while also offering aftermarket sales and servicing for its installed equipment base. As of December 31, 2021, the company maintained a substantial global presence with approximately 301 land-based drilling rigs deployed across the United States, Canada, and 20 other nations, complemented by 29 offshore platform drilling rigs operating in the United States and internationally.

CEO: Anthony G. Petrello. Company website