Nabors Industries
LeaveRussia detail: Suspension
Nabors Industries Limited is an American global oil and gas drilling contractor that has operated since 1972. Based in Houston, Texas, Nabors operates the world’s largest land drilling rig fleet, with around 500 rigs operating in over 25 countries – in almost every significant O&G basin on the planet.
Decision trail
Decision date 30/04/2025 · Reference ↗
Nabors Industries has suspended drilling operations in Russia after the United States expanded sanctions on the country. The drilling contractor said its three rigs in Russia were shut down in March. Nabors has 311 rigs worldwide, 132 of which are operating in international markets. Nabors took a $28.6 million charge as it wound down its operations in Russia. It said the charge was offset by a $113 million net non-cash gain from its acquisition of Parker Wellbore, which closed in March.
Status history since 2022
- 03/08/2026 — suspended · Imported from KSE LeaveRussia
Exposure profile
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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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