Nabors Industries

Nabors Industries, headquartered in Bermuda (BM) and operating in the Gas/Diesel Oil sector, has disclosed its greenhouse gas (GHG) emissions for several years. In 2024, the company reported total GHG emissions of approximately 1.28 billion kg CO2e. This figure comprises Scope 1 emissions of approximately 1.06 billion kg CO2e, Scope 2 emissions of about 58 million kg CO2e, and Scope 3 emissions of roughly 216 million kg CO2e.

For 2023, total emissions were approximately 1.27 billion kg CO2e, with Scope 1 emissions at about 1.08 billion kg CO2e, Scope 2 at approximately 7.5 million kg CO2e, and Scope 3 at around 192 million kg CO2e. The previous year, 2022, saw total Scope 1 and 2 emissions of approximately 1.2 billion kg CO2e, with Scope 1 accounting for about 1.2 billion kg CO2e and Scope 2 for approximately 7.2 million kg CO2e. Scope 3 data was not disclosed for 2022.

In 2021, Nabors Industries reported Scope 1 emissions of approximately 1.01 billion kg CO2e and Scope 2 emissions of about 4 million kg CO2e. Scope 1 emissions in 2020 were reported as approximately 1.09 billion kg CO2e.

Nabors Industries has set emission reduction targets. For 2022, the company aimed for a 7.5% reduction in Scope 1 GHG emissions per foot drilled for Nabors Drilling USA, and a 5% reduction for its international rigs, both using a 2020 baseline. Additionally, a 5% reduction in Scope 2 GHG emissions intensity in the U.S. was targeted for 2022, also relative to a 2020 baseline. In 2021, Scope 2 GHG emissions in the U.S. were reduced by 5% compared to the prior year. Notably, Scope 3 emissions data, specifically for purchased goods and services, was identified as a missing data point in multiple reporting years.