Nabors Industries ltd (NBR) |
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Nabors Industries Ltd's Comment on Competitors and Industry Peers
To a large degree, our businesses depend on the level of capital spending by
oil and gas companies for exploration, development and production activities.
A sustained increase or decrease in the price of oil and natural gas could have
a material impact on the exploration, development and production activities of
our customers and could materially affect our financial position, results of operations
and cash flows.
Our industry remains competitive. The number of available rigs exceeds demand
in many of our markets, resulting in strong price competition. Many rigs can
be readily moved from one region to another in response to changes in levels
of activity, which may result in an oversupply of rigs in an area. Many of the
total available contracts are currently awarded on a bid basis, which further
increases competition based on price. The land drilling, workover, pressure
pumping and well-servicing market is generally more competitive than the offshore
market due to the larger number of rigs and market participants.
In all of our geographic markets the ability to deliver rigs with new technology
and features is the most significant factor in determining which drilling contractor
is awarded a job. In recent years, rigs equipped with moving systems and configured
to accommodate the drilling of multiple wells on a single site have offered
a competitive advantage. In international markets, experience in operating in
certain environments, as well as customer alliances, have been significant factors
in the selection of Nabors. Other factors include the overall quality of service
and safety record, price and the availability and condition of equipment; and
the availability of trained personnel possessing specialized skills; and the
ability to offer ancillary services.
Certain competitors are present in more than one of our operating regions,
although no one competitor operates in all of these areas. In the United States
we compete with Helmerich and Payne, Inc. and Patterson-UTI Energy, Inc., and
several hundred other competitors with national, regional or local rig operations.
In our U.S. Production Services operating segment, we compete with Basic Energy
Services, Inc., Key Energy Services, Inc., Superior Energy Services, Inc., Forbes
Energy Services Ltd. and numerous other competitors having smaller regional
or local rig operations. In Canada and the United States, we compete with many
firms of varying size, several of which have more significant operations in
those areas than Nabors. Elsewhere, we compete directly with various contractors
at each location where we operate. Our Completion Services operating segment
competes with large operators such as Halliburton, Baker Hughes, Weatherford
International Ltd., Schlumberger Limited, and FTS International Services LLC.
as well as, smaller companies such as C&J Energy Services, Inc., RPC, Inc.,
and other small and mid-sized independent contractors, as well as major oilfield
services companies with operations outside of the United States. We believe
that the market for land drilling, well-servicing and workover and pressure
pumping contracts will continue to be competitive.
Our other operating segments represent a relatively smaller part of our business,
and we have numerous competitors in each area.
Overall company Market Share Q4 2023 |
*Market share is calculated based on total revenue.
Who are Nabors Industries ltd's Competitors?
Nextier Oilfield Solutions Inc Share Performance
+18.95%
One Year
|
Nextier Oilfield Solutions Inc
Profile
Nextier Oilfield Solutions Inc is an oilfield services company that provides comprehensive drilling and completion services to the oil and gas industry. Their business model revolves around offering innovative technologies and solutions to optimize drilling operations and enhance production efficiency. Additionally, they specialize in providing equipment rental, wellsite construction, and environmental services to support oilfield operations.
More about Nextier Oilfield Solutions Inc 's Market Share
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Dover Corporation Share Performance
+15.80%
This Quarter
|
Dover Corporation
Profile
Dover Corp's business model revolves around providing a diverse range of specialized products and solutions across various industries through their individual operating segments.
More about Dover Corporation's Market Share
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Noble Corporation Plc Share Performance
+4.26%
This Quarter
|
Noble Corporation Plc
Profile
Noble Corporation Plc operates in the offshore drilling industry, providing contract drilling services for oil and gas companies worldwide.
More about Noble Corporation Plc's Market Share
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Transocean ltd Share Performance
+28.84%
30 Days
|
Transocean ltd
Profile
Transocean Ltd is a global offshore drilling contractor that provides drilling services to the oil and gas industry. Their business model revolves around offering drilling rigs on a contract basis to oil and gas companies for exploration and production activities. They generate revenue by leasing these drilling rigs, along with providing related services and equipment, to their clients, thus playing a crucial role in facilitating offshore drilling operations worldwide.
More about Transocean ltd's Market Share
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Halliburton Company Share Performance
+9.37%
This Year
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Halliburton Company
Profile
Halliburton Company's business model revolves around providing services and technologies for the exploration, development, and production of oil and gas worldwide. This includes services related to drilling and evaluation, completion tools and services, production optimization, and integrated asset management.
More about Halliburton Company's Market Share
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Loews Corp Share Performance
+37.87%
One Year
|
Loews Corp
Profile
Loews Corp operates as a diversified holding company that focuses primarily on three main business sectors: commercial property and casualty insurance, operation of offshore oil and gas drilling rigs, and hotel ownership and operation.
More about Loews Corp's Market Share
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Diamond Offshore Drilling Inc Share Performance
+1.62%
This Quarter
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Diamond Offshore Drilling Inc
Profile
Diamond Offshore Drilling Inc's business model revolves around providing offshore drilling services and solutions to the global oil and gas industry.
More about Diamond Offshore Drilling Inc 's Market Share
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Helmerich and Payne inc Share Performance
+15.02%
This Quarter
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Helmerich and Payne inc
Profile
Helmerich and Payne Inc. is a contract drilling company that operates primarily in the oil and gas industry. Their business model focuses on providing drilling services through the use of technologically advanced rigs and equipment. They generate revenue by entering into long-term contracts with exploration and production companies, offering drilling services from exploration to production phases.
More about Helmerich and Payne inc 's Market Share
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Schlumberger Limited Share Performance
+3.27%
This Quarter
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Schlumberger Limited
Profile
Schlumberger Limited is a multinational company that operates as an oilfield services provider. They offer a wide range of technologies, solutions, and services to the oil and gas industry. Their business model involves providing expertise and innovative technologies to help companies efficiently explore, develop, produce, and manage oil and gas reservoirs.
More about Schlumberger Limited's Market Share
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Baker Hughes Company Share Performance
-3.24%
This Year
|
Baker Hughes Company
Profile
Baker Hughes Company is a multinational energy technology company that operates in the oil and gas industry. Their business model revolves around providing equipment, technology, and services to the upstream, midstream, and downstream sectors of the industry. They offer a range of products and solutions including drilling services, digital solutions, oilfield software, and equipment for exploration, drilling, completion, and production activities.
More about Baker Hughes Company's Market Share
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Matson inc Share Performance
+80.48%
One Year
|
Matson inc
Profile
Matson Inc operates as a transportation company that specializes in ocean cargo. It provides shipping services to various industries by owning and operating a fleet of containerships and logistics services, ensuring efficient transportation of goods across the Pacific.
More about Matson inc 's Market Share
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Newpark Resources Inc Share Performance
+84.54%
One Year
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Newpark Resources Inc
Profile
Newpark Resources Inc operates as an oil and gas industry supplier, providing innovative products, services, and solutions to enhance drilling operations and environmental protection.
More about Newpark Resources Inc 's Market Share
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Barnwell Industries inc Share Performance
-2.88%
Over The Past 5 Days
|
Barnwell Industries inc
Profile
Barnwell Industries Inc is an energy and natural resources exploration company. They focus on the acquisition, development, and production of oil and natural gas reserves. Additionally, they engage in real estate activities such as owning, leasing, and managing properties.
More about Barnwell Industries inc 's Market Share
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Independence Contract Drilling inc Share Performance
-41.49%
One Year
|
Independence Contract Drilling inc
Profile
Independence Contract Drilling Inc's business model focuses on providing contract land drilling services to oil and natural gas exploration and production companies.
More about Independence Contract Drilling inc 's Market Share
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Leonardo Drs Inc Share Performance
+3.60%
30 Days
|
Leonardo Drs Inc
Profile
Leonardo DRS Inc. operates with a business model that combines advanced technology and innovation to create and deliver defense and security solutions. They leverage their expertise to provide integrated products, services, and support to customers worldwide in order to meet their unique mission requirements. Through a combination of research, development, production, and sustainment capabilities, Leonardo DRS Inc. aims to provide comprehensive solutions that enhance the capabilities and effectiveness of military organizations and protect national security interests.
More about Leonardo Drs Inc 's Market Share
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Patterson uti Energy Inc Share Performance
+7.94%
This Year
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Patterson uti Energy Inc
Profile
Patterson-UTI Energy Inc. operates as a provider of onshore drilling services and related equipment for oil and natural gas companies. Their business model is centered around offering drilling solutions, including rigs, directional drilling services, and pressure pumping services, to help their clients extract and produce energy resources. They aim to leverage their extensive fleet and expertise to deliver efficient and high-quality drilling services, contributing to the growth and success of energy companies in the United States.
More about Patterson uti Energy Inc 's Market Share
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Superior Drilling Products Inc Share Performance
+17.33%
This Quarter
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Superior Drilling Products Inc
Profile
Superior Drilling Products Inc's business model revolves around providing innovative drilling solutions and products to the oil and gas industry. They focus on developing and manufacturing tools that enhance drilling efficiency, productivity, and safety.
More about Superior Drilling Products Inc 's Market Share
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Vantage Drilling International Share Performance
0.00%
One Year
|
Vantage Drilling International
Profile
Vantage Drilling International operates as an offshore drilling contractor providing drilling services for oil and gas companies worldwide. The company's business model revolves around offering high-quality and efficient drilling solutions, utilizing a modern and diversified fleet of drilling rigs. Vantage Drilling International aims to establish long-term relationships with its clients by consistently delivering safe and cost-effective drilling operations.
More about Vantage Drilling International's Market Share
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Nov Inc Share Performance
+2.75%
Over The Past 5 Days
|
Nov Inc
Profile
Nov Inc operates as a software development company that offers innovative solutions for businesses. Their business model involves providing software products and services to help organizations streamline their operations, improve efficiency, and enhance productivity. They generate revenue through the sale and distribution of their software solutions, as well as through licensing and subscription fees.
More about Nov Inc 's Market Share
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Oil States International Inc Share Performance
-24.49%
One Year
|
Oil States International Inc
Profile
Oil States International Inc operates as a global provider of services and products to the oil and gas industry. Their business model revolves around offering a comprehensive range of integrated solutions and equipment across various stages of the oil and gas lifecycle. These solutions include well site services, offshore products, and tubular services, catering to exploration, production, and infrastructure needs of their customers worldwide.
More about Oil States International Inc's Market Share
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General Electric Company Share Performance
+38.94%
This Quarter
|
General Electric Company
Profile
General Electric Company's business model revolves around industrial activities, manufacturing and providing technologies, products, and services in various sectors such as power, aviation, healthcare, renewable energy, and manufacturing. Their focus lies on innovation, research and development, and delivering solutions that help customers and industries optimize performance and efficiency while addressing societal and environmental challenges.
More about General Electric Company's Market Share
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Fluor Corporation Share Performance
+8.35%
This Quarter
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Fluor Corporation
Profile
Fluor Corporation operates as a global engineering, procurement, construction, and maintenance company, providing professional services to various industries including energy, infrastructure, and government. The company offers a comprehensive range of solutions and expertise to clients, managing projects from concept to completion and providing ongoing operational support.
More about Fluor Corporation's Market Share
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Technipfmc Plc Share Performance
+23.64%
This Quarter
|
Technipfmc Plc
Profile
TechnipFMC Plc is a global leader in the oil and gas industry, specializing in subsea, onshore/offshore, and surface technologies. Their business model focuses on providing comprehensive solutions to their clients' needs, from project design and engineering to construction and maintenance services. By combining their expertise in various aspects of the energy sector, TechnipFMC aims to deliver cost-effective and sustainable solutions that help their clients optimize their operations.
More about Technipfmc Plc's Market Share
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Jacobs Solutions Inc Share Performance
+17.51%
This Year
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Jacobs Solutions Inc
Profile
Jacob Solutions Inc is a technology consulting firm that provides customized solutions and services to clients across various industries, focusing on their specific needs and goals. They generate revenue by offering expertise, project implementation, and ongoing support to help organizations optimize their technology infrastructure and enhance their operations.
More about Jacobs Solutions Inc 's Market Share
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Dril quip Inc Share Performance
+7.83%
30 Days
|
Dril quip Inc
Profile
Dril-Quip Inc's business model revolves around providing advanced drilling and production equipment and services to the offshore oil and gas industry.
More about Dril quip Inc 's Market Share
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Forum Energy Technologies Inc Share Performance
-18.54%
This Year
|
Forum Energy Technologies Inc
Profile
Forum Energy Technologies Inc. operates as an energy products and services company, providing a diverse range of specialized equipment and technology solutions to various sectors of the energy industry globally. The company primarily focuses on offering products and services related to drilling, production, and infrastructure for oil and natural gas exploration and production companies.
More about Forum Energy Technologies Inc 's Market Share
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Core Laboratories Inc Share Performance
-21.43%
One Year
|
Core Laboratories Inc
Profile
Core Laboratories N.V. is a provider of products and services for the oil and gas industry, specializing in reservoir description, production enhancement, and reservoir management.
More about Core Laboratories Inc 's Market Share
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Koil Energy Solutions Inc Share Performance
-13.43%
30 Days
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Koil Energy Solutions Inc
Profile
Koil Energy Solutions Inc is a tech-driven company that specializes in providing comprehensive energy management solutions for commercial and industrial clients. Their business model focuses on implementing advanced technology, data analytics, and software platforms to optimize energy consumption, reduce costs, and improve sustainability. By offering a range of services such as energy audits, demand response programs, and energy monitoring systems, Koil Energy Solutions helps clients achieve efficient energy usage and streamline their operations.
More about Koil Energy Solutions Inc 's Market Share
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Enservco Corporation Share Performance
-57.52%
One Year
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Enservco Corporation
Profile
Enservco Corporation's business model revolves around providing well-site services and solutions to the oil and gas industry.
More about Enservco Corporation's Market Share
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Expro Group Holdings N v Share Performance
+20.20%
This Quarter
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Expro Group Holdings N v
Profile
Expro Group Holdings N.V. operates as an oil and gas service company with a focus on well flow management. Their business model involves offering a comprehensive range of products, technologies, and services to support the complete lifecycle of oil and gas wells. This includes well testing, well intervention, subsea, and surface wellhead systems, helping their clients optimize production and recover reserves from their assets.
More about Expro Group Holdings N v 's Market Share
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Rpc inc Share Performance
-4.55%
One Year
|
Rpc inc
Profile
Rpc Inc operates as an oilfield services company, providing a wide range of technical services and equipment to the oil and gas industry. The company's business model revolves around offering drilling and production services, along with specialized tools and equipment for well construction, intervention, and completion. Rpc Inc aims to maximize customer satisfaction by delivering cost-effective solutions that improve operational efficiency and minimize downtime in the oil and gas sector.
More about Rpc inc 's Market Share
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Tetra Technologies Inc Share Performance
-5.02%
This Quarter
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Tetra Technologies Inc
Profile
Tetra Technologies Inc's business model focuses on providing specialized services and products for the oil and gas industry.
More about Tetra Technologies Inc 's Market Share
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