Core Viewpoint - Nabors Industries Ltd. announced that its land drilling joint venture SANAD in Saudi Arabia will resume operations for two rigs that had been temporarily suspended, with expected return dates in March 2026 and June 2026, respectively. The contracts for these rigs have been extended to match the duration of their suspension [1][2]. Company Overview - Nabors Industries is a leading provider of advanced technology for the energy industry, operating in over 20 countries. The company focuses on delivering safe, efficient, and responsible energy production through its expertise in drilling, engineering, automation, data science, and manufacturing [2]. Market Position - SANAD is recognized as the largest land drilling contractor in Saudi Arabia, playing a crucial role in the development of the Kingdom's energy resources. The resumption of rig operations is seen as a positive development in this significant market [2].

Core Insights - Nabors Industries Ltd. (NYSE:NBR) experienced a significant share price decline of 13.53% from October 3 to October 10, 2025, making it one of the worst-performing energy stocks during that week [1][2]. Group 1: Market Performance - The decline in Nabors Industries' stock price was attributed to escalating trade tensions between China and the United States, which also contributed to a drop in crude oil prices, with WTI oil falling below $60 per barrel for the first time since May [3]. - Nabors Industries was identified as one of the energy stocks that suffered heavily due to these market conditions [3]. Group 2: Financial Developments - On a positive note, Nabors Industries announced the receipt of full prepayment of a $250 million seller financing note from Superior Energy Services, related to the sale of Quail Tools LLC in August 2025 [4]. - The proceeds from this prepayment will be utilized for debt reduction, specifically targeting outstanding notes that are set to mature in 2028 [4].