Category Archives: Services

Under Tony Petrello’s leadership, Nabors Industries climbs to top of the heap

Few industries are as competitive as the oil extraction business. Since the Texas oil boom of the early 1900s, vast fortunes have been made and lost in the United States oil industry. Only the strongest, most motivated and those possessing the vision to persevere could make it in such a climate of stiff competition.

One of those people is Tony Petrello. Over a career spanning more than 25 years in executive roles, Petrello has taken Nabors Industries from the brink of bankruptcy to become one of the most innovative and strongly positioned oil extraction companies in the entire world. With the largest fleet of land-based drilling equipment of any company on earth, Nabors Industries has set the pace for a profitable extraction of oil and gas resources in both the United States and across the globe.

One of Petrello’s key ideas has been the diversification of Nabors Industries into highly innovative solutions designed to aid the extraction of hard oil resources that are common throughout the North American market. Nowhere has this been more apparent than in the case of the North Dakota fracking field or the Alberta tar sands. In the case of the Bakken Shale formation, Nabors Industries has established itself as the premier provider of all drilling equipment, securing a niche market worth billions of dollars and materially contributing to the total U.S. energy production.

It is through adroit moves like this that Petrello has established himself as one of the greatest oil and gas CEOs in recent history. Through his strong leadership and vision, Petrello will lead Nabors Industries into the 21st century with confidence and skill, securing its position as the top producer in the U.S. oil and gas industry.