Through a combination of strategic partnerships, Nabor Industries has quietly been positioning itself to reap big from the ever-growing oil and gas industry. The Bermuda-based company which primarily operates in drill sub-sector of the industry has in recent months gotten into different partnership agreements with Weatherford International and Saudi Aramco. Nabor’s most recent move has been the acquisition of the Tesco Corporation. Since Tesco is also in the drilling servicing business, the takeover will significantly help Nabor grow its current portfolio and thus its business. The acquisition will take the shape of an all-stock transaction with approximately 10% of all Nabor shares going to Tesco shareholders.
The man currently at the helm of Nabor Industries is Anthony Petrello. He currently holds titles of Chairman, President, and CEO. The industry veteran has been with the company for close to three decades now. Before joining the company, he briefly worked at a couple of law firms since he holds a Juris Doctor degree from the Harvard School of Law. He also possesses adequate technical ability relevant to the drilling sector having completed B.S. and M.S. degree programs at Yale University.
While outsiders may see him as a no nonsense business executive, those close to Anthony Petrello know him as a humble, soft-spoken man who simply knows what he wants. As a result of his humility, Petrello has undertaken a number of philanthropic activities over the years with the most significant being funding a pediatric research program. Together with his wife Cynthia, Petrello committed upwards of $7 million to kick off a program at Texas Children Hospital targeted at finding more effective treatment and management regimens for periventricular leukomalacia. The program has been running for some time now, with the Petrello family overseeing the mobilization of funds, and has made some substantial problem. Hopefully, in the near future, thousands of children will have access to better therapies as a result of the program to learn more about us: https://en.wikipedia.org/wiki/Nabors_Industries click here.
If he continues with the current vigor, the man fondly called Tony by family members and close associates will make Nabor Industries challenge even the giant companies in the oil and gas downstream industry.