Nabors Energy Transition Ventures
Given Nabors’ large number of relationships with suppliers and customers driving the transition to clean energy, Nabors has engaged in venture investment opportunities to enter several high growth potential markets in these emerging lower carbon energy markets. Initial targets include alternative energy sources such as geothermal and hydrogen, energy storage and carbon capture, including utilization and sequestration technologies.
Recognizing geothermal energy can play a key role in the energy transition and achieving net zero targets, Nabors is leveraging its global footprint, extensive knowledge of subsurface conditions and expertise in drilling and well construction to advance and accelerate geothermal technologies and projects globally. To date, Nabors has partnered with three leading edge geothermal venture companies and is continuing to explore a significant number of energy transition
Commercializing novel millimeter wave drilling systems to harness geothermal energy around the globe.
Now that 2021 has come to a close, we wanted to take a moment to celebrate and recognize some of the achievements of our talented staff. Despite myriad challenges met by the entire industry last year, we accomplished several firsts. Our team deployed the world’s first...
HAMILTON, Bermuda, Dec. 2, 2021 /PRNewswire/ -- Nabors Industries Ltd. (“Nabors” or the “Company”) (NYSE: NBR), a leading provider of advanced technology for the global energy industry, today announced elements of its energy transition strategy. Deploying energy...
Our three pillars – Talent, Technology and Transition – represent our formula to drive sustainable outperformance and enduring value for stakeholders Nabors believes society will need hydrocarbons for years to come – and that they must be produced responsibly. We...