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Nabors Industries Ltd (NBR.N)

NBR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

NABORS ACQUIRES ROBOTIC DRILLING SYSTEMS AS
Tuesday, 5 Sep 2017 12:57pm EDT 

Sept 5 (Reuters) - Nabors Industries Ltd :NABORS ACQUIRES ROBOTIC DRILLING SYSTEMS AS.SAYS ACQUIRED ROBOTIC DRILLING SYSTEMS AS, PROVIDER OF AUTOMATED TUBULAR, TOOL HANDLING EQUIPMENT FOR ONSHORE, OFFSHORE DRILLING MARKETS.SAYS ‍AS PART OF TRANSACTION, CO IS CONTINUING AN ONGOING RELATIONSHIP WITH RDS'S LARGEST PRIOR SHAREHOLDER ODFJELL DRILLING​.  Full Article

Nabors Industries to buy Robotic Drilling Systems -Odfjell Drilling
Thursday, 31 Aug 2017 02:12am EDT 

Aug 31 (Reuters) - Odfjell Drilling Ltd said on Thursday::Robotic Drilling Systems to be sold to Nabors.Transaction will generate an estimated accounting gain for Odfjell Drilling of approximately $11 million.Shareholders of robotic drilling systems as ("rds") have today entered into an agreement to sell all shares in rds to nabors industries.Odfjell drilling holds, through its fully owned subsidiary odfjell drilling technology ltd, approximately 37% of shares in rds.Full amount will be recognized upon closing which is expected to occur in q3 2017. Completion of transaction is subject to customary closing conditions.Odfjell drilling and nabors have signed a memorandum of understanding with intention to establish a strategic cooperation agreement.Odfjell Drilling added: "We are very pleased to sell RDS to Nabors. In the 3 years Odfjell Drilling has been a shareholder in RDS, we have worked closely with the company to develop and field-prove its robotic drilling products. The company is now at the verge of full scale commercialisation and we are confident that Nabors, having a manufacturing group in Canrig, will be a good future home for this exciting technology.".  Full Article

Tesco to pay $8 mln to Nabors Industries, if deal terminated
Monday, 14 Aug 2017 06:23am EDT 

Aug 14 (Reuters) - Tesco Corp :Tesco says upon termination of merger agreement‍ with Nabors Industries​ under certain circumstances, co to pay cash termination fee of $8 million - SEC filing.  Full Article

Nabors announces agreement to acquire Tesco Corp in an all-stock transaction
Monday, 14 Aug 2017 06:00am EDT 

Aug 14 (Reuters) - Nabors Industries Ltd :Nabors announces agreement to acquire Tesco Corporation in an all-stock transaction that values Tesco common stock at $4.62 per share.Nabors Industries Ltd - first year operating synergies are expected to approach $20 million with full run-rate operating synergies of $30 million to $35 million.Nabors - ‍to buy all issued, outstanding shares of Tesco, with each outstanding Tesco share being exchanged for 0.68 common shares of Nabors​.  Full Article

Nabors Q2 loss per share $0.41
Wednesday, 2 Aug 2017 06:16pm EDT 

Aug 2 (Reuters) - Nabors Industries Ltd ::Nabors announces second quarter results.Q2 revenue $631 million versus I/B/E/S view $592.2 million.Q2 loss per share $0.41.Q2 earnings per share view $-0.35 -- Thomson Reuters I/B/E/S.Qtrly u.s. Drilling and rig services operating revenue $187.3 million versus $140.3 million.  Full Article

Nabors announces commencement of offer to exchange senior notes due 2023
Tuesday, 20 Jun 2017 07:00am EDT 

June 20 (Reuters) - Nabors Industries Ltd ::Nabors announces commencement of offer to exchange senior notes due 2023.Nabors Industries - commenced offer to exchange any and all of Nabors Delaware's $600 million aggregate principal amount of 5.50% senior notes due 2023.  Full Article

Nabors Industries reports Q1 loss per share $0.52
Wednesday, 26 Apr 2017 06:50pm EDT 

April 26 (Reuters) - Nabors Industries Ltd :Nabors announces first quarter results.Q1 revenue $563 million.Q1 loss per share $0.52.Saw U.S. lower 48 working rig count increase by 29% for Q2 in a row.Nabors Industries - averaged 201 rigs operating at an average gross margin of $9,333 per rig day in Q1, compared to 177 rigs at $12,482 per rig day in Q4.  Full Article

Nabors Industries plan to recertify over 20 more rigs in Q1
Monday, 27 Mar 2017 07:29am EDT 

Nabors Industries Ltd : Nabors Industries Ltd- plan to recertify over 20 more rigs in Q1 than anticipated with an average of about 20 days in lost revenue per recertified rig .Nabors Industries Ltd - now expect to compress essentially all of remaining 30 recertifications into Q1, rather than throughout full year.  Full Article

Weatherford and Nabors form alliance for integrated drilling solutions
Wednesday, 1 Feb 2017 05:25pm EST 

Weatherford International PLC - : Weatherford and Nabors form alliance for integrated drilling solutions .Weatherford International - co, Nabors signed MOU to form alliance for delivering drilling solutions to oil and gas land market in lower 48 states of U.S..  Full Article

Nabors announces offering of exchangeable senior unsecured notes
Monday, 9 Jan 2017 04:31pm EST 

Nabors Industries Ltd : Nabors announces offering of exchangeable senior unsecured notes . Nabors Industries Ltd - unit commenced an offering of $500 million aggregate principal amount of exchangeable senior unsecured notes due 2024 . Nabors Industries -net proceeds will be used to prepay remaining balance of NII's unsecured term loan, among others . Nabors Industries - unit expects to grant initial purchasers of notes a 30-day option to purchase up to an additional $75 million principal amount of notes .Nabors Industries- Nabors, NII intend to enter privately negotiated capped call transactions with one or more of initial purchasers and/or affiliates.  Full Article

BRIEF-NABORS ACQUIRES ROBOTIC DRILLING SYSTEMS AS

* SAYS ACQUIRED ROBOTIC DRILLING SYSTEMS AS, PROVIDER OF AUTOMATED TUBULAR, TOOL HANDLING EQUIPMENT FOR ONSHORE, OFFSHORE DRILLING MARKETS