Nabors Industries Ltd., commonly referred to as Nabors, is a leading provider of advanced drilling solutions headquartered in Bermuda. Established in 1952, the company has grown to become a key player in the oil and gas industry, with significant operations across North America, the Middle East, and various international markets.
Nabors specialises in drilling rigs, directional drilling, and integrated drilling services, offering innovative technologies that enhance operational efficiency and safety. Their commitment to sustainability and cutting-edge technology positions them uniquely in the competitive landscape.
With a strong market presence, Nabors has achieved numerous milestones, including the development of automated drilling systems that optimise performance. The company continues to be recognised for its contributions to the energy sector, solidifying its reputation as a trusted partner in drilling operations worldwide.
+4 vs industry average
Nabors Industries’s score of 23 is lower than 49% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Gas/Diesel Oil has above-average carbon intensity
Industry performance
The Gas/Diesel Oil industry has reduced its overall emissions by 41% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Nabors Industries's reported carbon emissions
Nabors Industries, headquartered in Bermuda (BM), reported its environmental performance for the years 2020 through 2024. **2024 Emissions:** In 2024, Nabors Industries reported total global emissions of approximately 1.38 billion kg CO2e. This figure comprises: * Scope 1 emissions: Approximately 1.06 billion kg CO2e. * Scope 2 emissions: Approximately 58.0 million kg CO2e. * Scope 3 emissions: Approximately 216.4 million kg CO2e. **2023 Emissions:** For 2023, the company's total global emissions were approximately 1.27 billion kg CO2e. This breaks down as: * Scope 1 emissions: Approximately 1.08 billion kg CO2e. * Scope 2 emissions: Approximately 7.5 million kg CO2e. * Scope 3 emissions: Approximately 191.5 million kg CO2e. **2022 Emissions:** In 2022, Nabors Industries' total global Scope 1 and 2 emissions amounted to approximately 1.20 billion kg CO2e. Scope 3 emissions were not disclosed for this year. * Scope 1 emissions: Approximately 1.20 billion kg CO2e. * Scope 2 emissions: Approximately 7.2 million kg CO2e. **2021 Emissions:** For 2021, the company reported Scope 1 emissions of approximately 1.01 billion kg CO2e and Scope 2 emissions of approximately 4.0 million kg CO2e. Scope 3 emissions were not disclosed. **2020 Emissions:** In 2020, Nabors Industries reported Scope 1 emissions of approximately 1.09 billion kg CO2e. Scope 2 and Scope 3 emissions were not disclosed for this year. **Climate Commitments and Reduction Targets:** Nabors Industries has set near-term intensity reduction targets. For 2022, based on a 2020 baseline: * Nabors Drilling USA aimed for a 7.5% reduction in Scope 1 GHG emissions per foot drilled. * Nabors International rigs targeted a 5% reduction in Scope 1 GHG emissions per foot drilled. * The company also aimed for an additional 5% reduction in Scope 2 GHG emissions intensity in the U.S. In 2021, the company reported a 5% reduction in Scope 2 GHG emissions in the U.S. compared to the previous year. The company's sustainability reports for 2024 and 2023 indicate that Scope 3 emissions, specifically purchased goods and services, are a missing data point. Nabors Industries' emissions data is not cascaded from a parent organisation, and they have not disclosed any SBTi (Science Based Targets initiative) reduction targets or participation in the Climate Pledge.
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Nabors Industries’s Climate Goals (2030 & 2050)
2 goals2022
7.5% reduction in Scope 1
2022 GOAL 7.5% Reduction in Scope 1 GHG emissions per foot drilled for Nabors Drilling USA using a 2020 baseline 2022 GOAL 5% Reduction in S…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Nabors Industries
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