What is the history of Nabors Industries Ltd.?
Nabors Industries Ltd. is a global drilling and oilfield services company with a rich history. Established in 1952 as Anglo Energy, the company started by providing well-site services across Alaska's North Slope. Over the years, it expanded its operations and merged with several reputable entities, including Pool Company, Grace Drilling, and Anglo Energy Services. In 1987, the company was renamed Nabors Industries to reflect its diverse range of services, which now included drilling equipment manufacturing and rental solutions.
Under the visionary leadership of Eugene M. Isenberg, Nabors Industries witnessed significant growth and expanded globally, becoming a leading provider of drilling rig and oilfield services worldwide. The company further strengthened its position through strategic acquisitions, including that of Pool Well Services in 1997 and Superior Well Services in 2010.
Today, Nabors Industries operates in major oil and gas regions worldwide, providing innovative drilling technologies, rig equipment, and exceptional well-site services to support the energy industry's evolving needs.
Answered Nov 2, 2023
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