Nabors posts $891 million net loss in fourth quarter
The charges included a $612 million impairment the company booked on its older rigs.
View ArticleNabors cuts nearly 3,500 jobs as U.S. drilling takes big hit
Nabors' active U.S. rig count has fallen 32 percent from its peak last year, according to the company's CEO.
View ArticleNabors has laid off thousands in 2015, including more than 40 percent of its...
The firm booked a $123.6 million profit in the first quarter, or 43 cents a share, up from $50 million, or 17 cents a share, in the same period the year before.
View ArticleNabors shareholders OK executive pay after overhaul
Investors have given Nabors Industries its first symbolic nod of approval on its executive compensation, a sign the land driller’s efforts to rein in large paydays have paid off.
View ArticleNabors posts $37 million loss as rig demand declines
Nabors CEO Anthony Petrello said the current third quarter will likely bring another decline in earnings, but it might also mark the bottom of the market in regions outside of the United States.
View ArticleNabors CEO: Expect flat oil rig counts in the second half
Nabors CEO Anthony Petrello said the tone of conversations with oil companies has changed since mid-May, when customers were talking about plans to steadily roll out drilling rigs in the second half of...
View ArticleC&J Energy Services CEO Josh Comstock died Friday
C&J President and Chief Financial Officer Randy McMullen assured employees in the email that daily operations would continue and that more details would be announced when they are known.
View ArticleGulf of Mexico energy victim identified; investigation ongoing
Nabors is contracted with Houston-based Whistler Energy II for a Gulf drilling project. The fatal injury took place on a Nabors platform rig during maintenance activities for Whistler.
View ArticleC&J hopes to restructure, avoid bankruptcy under another CEO
The struggling oil field services is teetering on the brink of financial survival under its third CEO in four months after the sudden death of its founder, Josh Comstock, in March and the rapid ouster...
View ArticleNew year will see more oilfield mergers and digitalization
The new year will bring more mergers and acquisitions in the oil patch with still too many services companies fighting to survive in a world of limited oilfield spending, said Haynes and Boone partner...
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