Anthony Petrello is the current Chief Executive Officer, President and Chairman of the Board Nabors Industries, a large company providing a variety of important services to energy producing companies.Nabors Industries Ltd began life in 1968 under the name Anglo Energy Ltd.
Nabors is now a member of S&P 500. It’s based in Hamilton Bermuda but maintains its main offices in Houston Texas. They’re a drilling contractor for oil, natural oil and geothermal sites. They work in North and South America, Africa, the Far East, and the Middle East.
They also service offshore drilling platforms. They make drilling drives, directional drilling systems and equipment and software for rig reporting. It has around 500 rigs working in 25 countries. That’s the largest fleet of landbased drilling rigs in the world. They’re experiencing a growing surge in demand, especially for the shale fracking industry.
They own a charter fleet of 29 marine vessels to service their offshore sites. Plus, they’ve got 5 barge rigs and 19 jackup barge rigs. Anthony Petrello took over a Chairman of the Board in june 2012 from the prior one, Eugene M. Isenberg. He started out with Nabors when he came on as Chief Operating Officer in 1991. And he was first elected to the Board of Trustees.
Anglo Energy traded on the American Stock Exchange under the symbol AEL until re-organizing in 1987. That’s when it changed its name to Nabors Industries. It later moved to the New York Stock Exchange.
As the company increased its annual profits and grew, it eventually became large enough to be one of the S&P 500.
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