Nabors Industries (NBR) announced that Sanad, its land drilling joint venture in Saudi Arabia, received notice requesting two rigs, for which work had been temporarily suspended, to resume operations. The rigs are expected to return to service in March 2026 and June 2026, respectively. The terms for each of the drilling contracts have been extended for durations equal to their suspension periods.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NBR:
- Nabors Industries Faces Governance Risks from Concentrated Voting Power
- Nabors Industries’ Acquisition of Parker: How Voting & Lock-Up Agreements Could Shift Shareholder Power
- Nabors Industries’ Earnings Call Highlights Financial Restructuring
- Nabors Industries price target raised to $66 from $59 at RBC Capital
- Nabors Industries price target raised to $56 from $39 at Susquehanna