Nabors Industries: 52 Planned Drilling Rigs in Venezuela Open Up a New Growth Opportunity

Nabors Industries (NBR) is becoming particularly interesting to me due to new plans to expand oil operations in Venezuela. North American Blue Energy Partners (NABEP) plans to deploy a total of 52 drilling rigs there: six by the end of 2026, another twelve in 2027, and two additional rigs per month starting in 2028. Nabors is well-positioned for this, as the rig operator already has five of its own rigs—currently idled—in Venezuela and is in talks with several operators about resuming activities. At its peak, Nabors operated 18 of its own...