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Nabors Industries Ltd. - NBR STOCK NEWS

Welcome to our dedicated page for Nabors Industries Ltd. news (Ticker: NBR), a resource for investors and traders seeking the latest updates and insights on Nabors Industries Ltd. stock.

Nabors Industries Ltd. (NYSE: NBR) is a global leader in providing advanced drilling rigs and equipment for the energy industry. Established in 1952, Nabors has grown from a small land drilling company in Canada to owning and operating the world's largest land-based drilling rig fleet. The company's operations span across more than 20 countries, offering solutions that enhance safety, efficiency, and performance in the oil and gas sector.

Nabors' core operations include land-based drilling, offshore platform drilling, and a range of performance tools and services. The company's fleet comprises 291 land-based rigs and 28 offshore platform rigs. Nabors operates through five segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies. Its innovative approach focuses on leveraging technology in drilling, engineering, automation, data science, and manufacturing to drive the future of energy production.

Recent achievements include the pricing of $650 million in senior priority guaranteed notes, which will be used to retire outstanding senior notes and for general corporate purposes. Furthermore, Nabors' commitment to advancing clean energy is evident through initiatives like its involvement in the Vast Renewables Limited business combination, aimed at transitioning to a lower-carbon world.

Nabors continues to innovate with projects such as electrifying drilling rigs in Argentina’s Vaca Muerta, demonstrating a commitment to sustainable and efficient energy production. The company's strategic partnerships and ongoing projects reflect its dedication to operational excellence and industry leadership.

News

Nabors Industries Completes Its Most Impactful Energy Transition Investment to Date

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Nabors Industries Ltd. (NYSE: NBR) completes business combination with Vast Renewables Limited, now trading on NASDAQ under ticker symbol VSTE. Vast's advanced concentrated solar thermal power technology aims to deliver clean, dispatchable power and heat for utility-scale power generation and industrial process heat applications. The company has received significant support from the Australian Renewable Energy Agency and a Euro 10 million commitment from EDF Australia.
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Vast and Nabors Energy Transition Corp. Announce Closing of Business Combination, Establishing Public Concentrated Solar Thermal Power Company

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Vast Renewables Limited (VSTE) Completes Business Combination with Nabors Energy Transition Corp. and Begins Trading on Nasdaq
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Nabors Prices $650 Million in Senior Priority Guaranteed Notes

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Nabors Industries Ltd. (NYSE: NBR) Announces Pricing of $650 Million Senior Priority Guaranteed Notes Due 2030. The Notes will bear interest at an annual rate of 9.125% and are being offered to investors at an initial price of 100% of par. Nabors intends to use the net proceeds from the offering to retire its outstanding 5.75% senior notes due 2025 and the remaining net proceeds for general corporate purposes.
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Nabors Announces Offering of $550 Million Senior Priority Guaranteed Notes

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Nabors Industries Ltd. (NYSE: NBR) announced the commencement of a $550 million senior priority guaranteed notes offering by its subsidiary, Nabors Industries, Inc. The proceeds will be utilized to repay outstanding senior notes due 2025 and for general corporate purposes. The offering targets qualified institutional buyers and persons outside the United States, with the Notes not being registered under the Securities Act and not available for sale in the United States or any jurisdiction outside of it.
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Nabors Announces Third Quarter 2023 Results

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Nabors Industries reports Q3 2023 operating revenues of $734 million, with a net loss of $49 million. Adjusted EBITDA was $210 million. Lower 48 rig count decreased but appears to have bottomed. International markets continue to expand. Challenges with newbuild rigs in Saudi Arabia caused deployment delays. Margins in Lower 48 operation remained high. Multiple rigs commenced operations in international segment. Demand for technology portfolio in Nabors Drilling Solutions increased. Energy Transition initiatives gaining momentum in Rig Technologies.
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Nabors Industries Ltd. Third Quarter 2023 Earnings Conference Call Invitation

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Nabors Industries to discuss Q3 operating results on October 26, 2023
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Nabors Announces Second Quarter 2023 Results

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Nabors Industries Ltd. Second Quarter 2023 Earnings Conference Call Invitation

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Nabors Announces Filing of SPAC Registration Statement

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Nabors Industries Ltd. announced that its affiliate, Nabors Energy Transition Corp. II (NETD), has filed a registration statement with the SEC for a proposed initial public offering. NETD aims to facilitate the global energy sector's transition to renewable energy sources and plans to raise $300 million through the sale of units consisting of ordinary shares and warrants. The offering will be managed by a subset of Nabors' management team with extensive expertise in energy and technology.
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Halliburton and Nabors Industries Collaborate on Leading Well Construction Automation

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Halliburton and Nabors Industries announce an agreement on leading well construction automation solutions. The companies will collaborate on technologies to automate well construction services, enhancing rig capabilities and reducing operational risks.
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FAQ

What is the current stock price of Nabors Industries Ltd. (NBR)?

The current stock price of Nabors Industries Ltd. (NBR) is $65.36 as of January 22, 2025.

What is the market cap of Nabors Industries Ltd. (NBR)?

The market cap of Nabors Industries Ltd. (NBR) is approximately 635.2M.

What does Nabors Industries Ltd. specialize in?

Nabors Industries Ltd. specializes in providing advanced drilling rigs and equipment for the energy industry, including land-based and offshore platform drilling operations.

Where does Nabors Industries operate?

Nabors operates in over 20 countries, with a significant presence in the United States, Canada, and various international markets.

What are the key segments of Nabors Industries?

Nabors operates through five key segments: U.S. Drilling, Canada Drilling, International Drilling, Drilling Solutions, and Rig Technologies.

What recent financial activities has Nabors Industries undertaken?

Recently, Nabors priced $650 million in senior priority guaranteed notes, aimed at retiring outstanding senior notes and funding general corporate purposes.

What sustainability initiatives is Nabors involved in?

Nabors is involved in several sustainability initiatives, including the electrification of drilling rigs in Argentina's Vaca Muerta to reduce the carbon footprint.

What technological advancements is Nabors known for?

Nabors is known for its advancements in drilling technology, engineering, automation, data science, and manufacturing, driving the future of energy production.

How has Nabors evolved since its founding?

Founded in 1952, Nabors has evolved from a small land drilling business in Canada to owning and operating the world's largest land-based drilling rig fleet.

What significant partnerships has Nabors formed recently?

Nabors has formed significant partnerships, including the business combination with Vast Renewables Limited to support clean energy projects.

How is Nabors contributing to the energy transition?

Nabors contributes to the energy transition by leveraging its core competencies to innovate energy technology and support lower-carbon initiatives.

Who can be contacted for more information about Nabors Industries?

For more information, contact William C. Conroy, Vice President of Corporate Development & Investor Relations, or Kara Peak, Director of Corporate Development & Investor Relations.
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Nabors Industries Ltd.

NYSE:NBR

NBR Rankings

#2924 Ranked by Market Cap
N/A Ranked by Dividends

NBR Stock Data

635.22M
10.10M
5.17%
74.7%
15.49%
Oil & Gas Drilling
Drilling Oil & Gas Wells
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United States of America
HAMILTON, HM08