Growth and Expectations Drive Tony Patrello’s Leadership for Oil Industry and Community

Tony Patrello began with Nabor Industries LTD in 1991 as Chief Operating Officer and quickly became President of the oil and gas drilling company by 1992. After his appointment of Chief Executive Officer in 2011, Tony has led the company towards new heights and direction using innovative trends which have set the stage for a highly competitive platform within the oil industry.

Nabor Industries LTD currently operates 29 charter fleet marine vessels. The company has developed into the world’s largest and most-advanced geothermal and natural gas drilling contractor known in the industry. The company owns the land-based drilling fleets which it then provides to off-shore platform workers. With operations in the United States, Middle East and Africa, Nabor Industries LTD has global connections with clients all over the world. Nabor Industries LTD is headquartered in Hamilton, Bermuda and has 13,000 employees.Tony earned a BS and MS degree in mathematics from Yale University and a J.D. degree from Harvard Law School. His business career began in 1979 when he joined the New York law firm, Baker and Mckenzie, which he served as Managing Partner until his departure in 1991.

Since his appointment as CEO and subsequent Chairman for Nabor Industries LTD the company has far exceeded industry expectations. Tony’s leadership has created an environment that has allowed the company to achieve great technological advancements within the oil and gas drilling industry. Nabor Industries LTD continues to grow its profit margin, and in return, raise capital for its investors. The company has continued to sustain posting a gross profit within their financial statement. Within the last three consecutive years, Nabor Industries LTD has profited almost $5 billion combined.

Tony’s expectations for driving the industry forward are proven by the results Nabor’s Industries LTD has garnered through his leadership. He continues to use his leadership platform to position the company towards achieving greatness through innovative and creative ideas.When not leading the company, Tony gives back to the community as a philanthropist. Tony currently serves on the board of Texas Children’s Hospital which is a non-profit organization that provides healthier futures for children who have been diagnosed with neurological disorders.

Evolving Intellectual Property Rights

Intellectual property is a word used to label ideas, concepts and creations of the mind for patenting purposes. This phrase did not come into existence until the the mid-eighteenth century, with the “Monthly Review” published the phrase for a piece, and again later when “Intellectual Property” was used to title a collection of essays. The basic concept behind this law is that ideas, inventions, poetry and other forms of creative arts can be patented, the idea belonging and credited to the inventor or creator alone and any unauthorized usage of content is considered plagiarism.

As a result of these laws coming about, the World Intellectual Property Organization, “WIPO”, was created in 1967 as a treaty by the United Nations to protect ideas and creations from being ripped off and reproduced under other brands or names. Patents, copyrights, trademarks, and trade secrets are all commonly found examples of intellectual property rights protected by law. The objective of the law is to promote progress, as well as promote full disclosure of processes, encourage people to share their work without worry of it being copied and not receiving credit. Financial incentive from selling rights to inventions and work is often beneficial for those who have brilliant ideas, but do not wish to take them past the conceptual state by selling the right to create, reproduce and market their craft to another person or company. Over the years it has gone from protecting a brand trademark or song lyrics to include invention schematics, recipes for soda, chicken and glue, as well as conceptual design, biotechnologies, medications, procedures, and engineering.

Patent, copyright, and trademark infringement are charges that can be brought against anyone who uses an already patented idea and markets it as their own. This protects the integrity of the art, technology and other industries. It is often tricky to weed through patents, trademarks and such and many people who wish to do so turn to a lawyer who specializes in intellectual property law such as Frans Schoeman, of South Africa. As the Director at Phatsima Diamond, he has had 21 years of experience in managing and the professional challenges of international law specifically relating to intellectual property. Firms such as Frans Schoeman, provide limited but highly specialized services and focus on a smaller slice of law versus the whole spectrum, much like a podiatrist is a doctor that focuses on the health and the well-being of feet.

As new areas of intellectual properties are established, intellectual property laws are being redefined and becoming more intricate covering a much broader scheme of properties. When considering applying for a patent be sure to seek legal advice from a qualified professional who is experienced and specialized in this area of practice so they are up-to-date on current laws and regulations. This is best and the single safest way to ensure that your ideas are properly handled and protected by law both by properly protecting your product as well as filing claims against others for infringement and plagiarism.