Anthony Petrello: The Man Turning Nabor Industries into the Most Dominant Player in the Upstream Energy Industry

Very few companies are deserving of the tag ‘industry giant’. That, however, cannot be said of Nabor Industry. The drilling company is a dominant force in the upstream energy industry. Through its extensive rig asset-base, the company offers drilling contracting services at oil and gas wells all around the world. The strategic leadership that has facilitated Nabor Industry’s current market position has come from none other than Anthony Petrello.

In a move that asserts Nabor Industry’s position as an industry giant, the company recently announced plans to purchase Tesco Corp. Tesco offers technology based products and services to companies such as Nabor in the upstream energy industry. The move is predicted to be highly successful for Nabor with full run-rate synergies estimated to top $35 million.

Anthony Petrello

Anthony Petrello currently holds three titles at Nabor Industries: CEO, President, and Chairman of the Board. Anthony Petrello knows Nabor Industry’s ins and outs having been with the company since 1991. His first position at the company was that of Chief Operating Officer where he impressed so much that he was promoted to CEO less than a decade later. Under Petrello’s able leadership, the company has grown its revenues to more than$2 billion in 2016. Additionally, Petrello oversees more than 30,000 employees spread across the company’s engagements all around the world to learn more about us: http://executives.findthecompany.com/l/18290/Anthony-G-Petrello click here.

It has not been all smooth-sailing for Anthony Petrello. He has been faced with a number of significant challenges in his professional life but especially in his personal life. Unfortunately, Petrello’s daughter, Carena was born with the periventricular leukomalacia (PVL) condition. Soon after their daughter’s birth, the Petrellos were informed that Carena would grow up with a number of developmental challenges and would close care if she was to lead anything close to a normal life. Rather than sulk at the situation, Petrello decided to take a proactive move towards finding a solution for Carena’s condition. He pledged $7 million towards a research program that would be based at the Texas Children Hospital. The specific goal of the research was finding better PVL management and treatment therapies. The program’s findings will likely benefit numerous innocent children all around the world with the same condition as Carena.

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