Anthony Petrello, Chairman of the board of directors, the President, and Chief Executive Office of Nabors Industries is crucial in driving the firm into better business, even while the petroleum industry is struggling due to reduced demand. The oil, geothermal, and natural gas drilling firm has gone through many ups and downs according to market conditions in the past, and hence the firm has clear strategy to address the odd market conditions. The firm is also greatly helped by the experience and expertise of Petrello, who has long serving experience in petroleum drilling services and business.
Nabors Industries is founded in 1968 and is headquartered in Hamilton, Bermuda while the operational headquarters is in Houston, Texas. The firm has operations across the continents with a major focus in North America, the Middle East, Africa and the Far East. Petrello is very instrumental in expanding its business across the globe. He also helped the firm to diversify its operations to bring more business. Tony Petrello has driven the firm to design and introduce advanced Drilling Software & Technology, which is aimed to increase the efficiency of the drilling services.
The firm specializes in Land Drilling, Offshore Drilling, Specialty Rigs, Rig Equipment, Directional Drilling and more. It’s complex systems and equipment ensure safe and accurate drilling services. A majority of the oil and natural gas companies are depending on Nabors’ services. Under Petrello, the firm brought better operational efficiency in its services, and that helped the firm to attract more oil companies to depend on its services. His unconventional market strategy also helped the firm to tap a substantial amount of business from across the world.
Petrello holds J.D. degree from Harvard Law School and completed his bachelor’s and masters in Mathematics from Yale University. He started his career in 1979 with Baker & McKenzie, a law firm, where he focused on general corporate law, taxation and international arbitration. He joined Nabors in 1991 as Chief Operating Officer and helped the firm to consolidate its operations across the globe. He became the Deputy Chairman in 2003 and later elevated to President and CEO in 2011. Finally, in 2012, he was elected as the Chairman of the board of directors of the firm.
Apart from the active participation of firm’s daily operation, he allots time for the philanthropic activities. He has donated $5 million with a commitment of $7 million to Neurological Research Institute of Texas Children’s Hospital. He is also serving as a member of the board of directors of Texas Children’s Hospital.
Find more information about Anthony Petrello on MarketWatch.com