NABORS INDUSTRIES: Drilling Unit Faces US$39MM Judgment in Algeria

Nabors Industries Ltd. disclosed in its latest quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission that in March 2011, the Court of Ouargla in Algeria, sitting at first instance, entered a judgment of US$39.1 million…

NABORS INDUSTRIES: DOJ Probe over Vendor/FCPA Compliance Ongoing

Nabors Industries Ltd. aims to cooperate with the U.S. Department of Justice’s investigation of one of its vendors as well as the Company’s compliance with the Foreign Corrupt Practices Act.

On July 5, 2007, the company received an inquiry from the…

NABORS INDUSTRIES: Appeal on Customs Ruling Pending in Algeria

Nabors Industries Ltd. disclosed in its quarterly report on Form

10-Q file with the U.S. Securities and Exchange Commission that

its challenge to an adverse customs infractions judgment is still

ongoing.

A court in Algeria entered a judgment of around US$19.7 million

against the company…