Nabors Industries Ltd: directors' dealings · United States · SEC (Form 4)

About Nabors Industries Ltd

Nabors Industries Ltd. is a U.S.-linked oilfield services and drilling company listed on the NYSE under the ticker NBR. Although the company is incorporated as a Bermuda exempted company, its operating footprint is deeply tied to the United States and to multiple international energy markets. Nabors was founded in 1952 and has evolved from a small land-drilling business in Canada into one of the world’s largest drilling contractors. The company’s investor communications are centered in Hamilton, Bermuda, while its commercial exposure remains heavily weighted toward North American drilling activity and selected overseas basins.([nabors.com](https://www.nabors.com/our-company/what-we-do/who-we-are/)) Nabors’ business model is organized into four reportable segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies. In the United States, Nabors operates one of the largest land-based drilling rig fleets in the country, with activity across the Lower 48, Alaska, and offshore platform work in the Gulf of America. Internationally, the company operates drilling rigs in multiple countries and maintains a meaningful presence in the Middle East, Latin America, and other producing regions. Drilling Solutions provides higher-value technical services, including downhole tools, drilling software, performance tools, and automation technologies. Rig Technologies rounds out the platform with surface equipment and systems designed to improve drilling execution and efficiency.([sec.gov](https://www.sec.gov/Archives/edgar/data/1163739/000110465926014997/nbr-20251231x10k.htm)) From a competitive standpoint, Nabors differentiates itself through scale, geographic reach, and a strong emphasis on drilling automation. The company consistently highlights the integration of rig systems, surface equipment, downhole tools, and software as a way to help customers drill more complex wells with better performance and safety. In its 2025 annual report, Nabors stated that its U.S. marketed fleet included 121 land rigs and 13 offshore platform rigs, underscoring its large domestic asset base.([sec.gov](https://www.sec.gov/Archives/edgar/data/1163739/000110465926014997/nbr-20251231x10k.htm)) Recent developments have been material for the investment case. On February 11, 2026, Nabors reported full-year and fourth-quarter 2025 results, pointing to stronger adjusted free cash flow in the quarter and a meaningful reduction in net debt following a series of financing actions. In 2025, the company also sold Quail Tools for $600 million, a transaction that supports balance-sheet simplification and capital discipline. On the product and technology side, Nabors launched the PACE-X Ultra rig in 2025, presented as an upgraded high-specification rig for the most challenging wells, and introduced a new automated Canrig floor wrench that the company says improves cycle time and positioning. For French-speaking investors, NBR therefore looks like a cyclical energy-services name with direct exposure to U.S. shale and global drilling demand, but increasingly supported by automation, technology differentiation, and deleveraging efforts.([investor.nabors.com](https://investor.nabors.com/2026-02-11-Nabors-Announces-Fourth-Quarter-and-Full-Year-2025-Results))