ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 27.Aug.2026, Words: 204) — Nabors Industries Ltd. announced completion of a $35mn strategic equity investment in Quaise Energy, Inc.
The transaction positions Nabors as Quaise’s largest shareholder with a fully diluted ownership of 14%.
“The investment deepens the longstanding relationship between Nabors and Quaise, and gives Nabors meaningful potential value creation from Quaise’s millimeter-wave drilling platform as it advances toward commercial deployment,” Nabors said on 27 Aug. 2026 in an official statement.
The funding is part of Quaise’s Series B financing round and underscores Nabors’ continued support for Quaise’s technology development and expansion efforts.
Advances for Nabors
The transaction advances Nabors’ strategy to deploy its differentiated drilling, automation, and well-construction capabilities into attractive adjacent energy markets, the company said in the statement.
“Quaise’s hybrid platform combines conventional rotary drilling with high-power millimeter-wave technology designed to reach deeper, hotter geothermal resources that are otherwise inaccessible with conventional methods,” Nabors added.
Additionally, upon successful deployment, the technology broadens the addressable market for geothermal power and creates future opportunities for Nabors’ rigs, drilling services, engineering, and automation solutions.
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By Chad Archey reporting from Atlanta. © 1999-2026 Energy Analytics Institute (EAI) and its 100% owned Venezuelan affiliate Editores Latin Petroleum CA. All Rights Reserved.
