In September, Steven Smith wrote and published an article on Live Newspaper about the CEO and President of one of the leading drilling companies in the United States, Nabors Industries. However, the article wasn’t centered on the new plans for growth or profit for the company, instead it focused on the philanthropic efforts of Tony Petrello in his own back yard in Houston, Texas.
Tony Petrello doesn’t fit the stereotypical idea of an oil executive. Instead, he has proven himself to be incredibly generous as well as the respected leader of Nabors. He has his daughter to thank for his kind heart.
Eight years ago, Tony Petrello’s daughter was born prematurely at 24 weeks, weighing only 20 ounces. The physicians discovered a common ailment in premature babies, namely periventricular leukomalacia, otherwise known as PVL. PVL is a common disorder in premature babies which prevents adequate blood flow and oxygen to the brain.
For Carena, Petrello’s daughter, PVL eventually led her to develop cerebral palsy, a disease which prevents normal development and motor skills. Because of this, Tony and his wife began looking for industry leaders and researchers on neurological disorders. His pursuit eventually took him overseas, as he recognized that there was not enough research being done in the U.S. Still, he recognized that the majority of the research was done on adult brains. His own position as a member of the Board at Texas Children’s Hospital gave him the position to inquire at a variety of research institutions around the U.S. and internationally. However, the results were disappointing.
Tony Petrello realized that there was an absence of peer-reviewed research on the topic. Tony felt that this was inadequate. He donated nearly five million dollars with the promise of an additional two million to the local Texas Children’s Hospital to support their research into children’s neurological disorders. Throughout his search, Tony gained valuable contacts such as Jan and Dan Duncan. Their donation of more than fifty million dollars led to the creation of the Neurological Research Institute at the hospital.
Tony Petrello is the CEO and President of Nabors Industries, the largest drilling fleet on land and offshore. His leadership has helped the company develop a team of skilled specialists, eventually driving them to become a leader in the oil and gas sectors.
Tony Petrello began his career in mathematics and law. He gained his Bachelor’s degree from Yale in mathematics, continuing to study there for his M.S. Eventually, he continued to Harvard for his J.D.