Presented by:
Editor's note: This video originally appeared in the February issue of E&P Plus.
Subscribe to the digital publication here.
As many of the world’s leading oil and gas producers commit to carbon neutrality, the service industry is moving rapidly to provide the tools needed to help those companies get there. After all, operators cannot get there on their own—they need the tools and technologies that help reduce emissions and push forward new energy sources into the mix.
In an effort to fuel that drive, Halliburton recently launched its Halliburton Labs program. Halliburton Labs serves as a type of incubator initiative that gives participating companies access to Halliburton’s laboratory facilities. According to the company, Halliburton Labs serves as a collaborative environment where entrepreneurs, academics, investors and industrial laboratories work together to advance clean, affordable energy.
Companies selected to participate in the program will have access to technical expertise from Halliburton as well as its business network. In exchange, Halliburton takes a 5% equity ownership in the company.
“For early-stage, clean energy companies to achieve their growth targets, they require capital, technical and operational expertise, mentorship, access to lab space and the ability to demonstrate that they can scale their technologies,” the company told E&P Plus. “Halliburton Labs brings these capabilities and resources together to support commercial success.”
In this exclusive video interview, Scott Gale, executive director of Halliburton Labs, spoke with E&P Plus about the program, its goals and why Halliburton felt this program was necessary as the industry moves into a new era of low carbon intensity.
RELATED:
Halliburton Labs Unveils Inaugural Crew for Clean Tech Accelerator Program
Recommended Reading
Strike Energy Updates 3D Seismic Acquisition in Perth Basin
2024-04-19 - Strike Energy completed its 3D seismic acquisition of Ocean Hill on schedule and under budget, the company said.
E&P Highlights: April 22, 2024
2024-04-22 - Here’s a roundup of the latest E&P headlines, including a standardization MoU and new contract awards.
Rhino Taps Halliburton for Namibia Well Work
2024-04-24 - Halliburton’s deepwater integrated multi-well construction contract for a block in the Orange Basin starts later this year.
Texas Earthquake Could Further Restrict Oil Companies' Saltwater Disposal Options
2024-04-12 - The quake was the largest yet in the Stanton Seismic Response Area in the Permian Basin, where regulators were already monitoring seismic activity linked to disposal of saltwater, a natural byproduct of oil and gas production.
Rystad: More Deepwater Wells to be Drilled in 2024
2024-02-29 - Upstream majors dive into deeper and frontier waters while exploration budgets for 2024 remain flat.