Nabors Industries is a major global oilfield services company that specializes in drilling and related technology for the energy industry. It is incorporated in Bermuda but has operational headquarters in Houston, Texas, and maintains a presence in more than 15 countries. Nabors owns and operates one of the largest fleets of land-based drilling rigs worldwide and also offers offshore platform rigs in select markets.
Nabors’ business is structured around its core services in contract drilling, but it also complements that with technology, directional services, and equipment solutions. Its service offerings include managed pressure drilling, directional drilling, remote operations, digital mud logging, tubular services, and instrumentation/automation for rigs. Through its Canrig subsidiary, Nabors designs and fabricates drilling equipment and upgrades, supporting both its fleet and third-party rigs.
Operationally, Nabors must balance rig deployment, utilization, maintenance, contract negotiations (dayrates and performance terms), and technology upgrades to stay competitive. Its results show sensitivity to both U.S. and international drilling activity: in Q4 2024, the U.S. (Lower 48) rig count and margins held relatively steady, while international operations made modest contributions. In Q1 2025, a key change was the acquisition of Parker Wellbore, which added tubular rental assets and complementary businesses (e.g. casing running operations) to Nabors’ portfolio.