Halliburton Labs is working with academic institutions and venture capital firms to identify companies that have progressed beyond the proof-of-concept stage in their focus on advancing clean energy. Companies accepted to the program will work with advisors on bringing their products to market and securing additional funding to build their business.
- Reginald DesRoches, Rice University’s Provost and Professor of Civil & Environmental Engineering, and Mechanical Engineering
- John Grotzinger, the Fletcher Jones Professor of Geology at the California Institute of Technology, and chair of the university’s Division of Geological and Planetary Sciences
- Walter Isaacson, the Leonard Lauder Professor of American History and Values at Tulane University in New Orleans, Louisiana
These board members will help guide Halliburton Labs’ vision, strategy and evaluation of applicants.
Our Value Creation Technologies and Solutions / Continuous Improvement Sustainability Commitments:
- Lead the industry in innovation and conscientious stewardship of global resources.
- Provide solutions that support decarbonizing our customers’ legacy production base.
The first participating company in Halliburton Labs, NanoTech Inc., is a material science company focused on solving insulation and fireproofing challenges across multiple industries. NanoTech successfully completed a USD 5 million seed round in 4Q 2020, led by Ecliptic Capital of Austin, Texas.
Halliburton is committed to providing the world with access to affordable and reliable energy while successfully transitioning to a lower-carbon future. We are leveraging our world-class technical expertise, resources and versatile capabilities to assist in developing new capabilities and technologies as the world continues to transition to a sustainable energy future.
Our capability in the energy transition space includes applying our expertise in renewable and low-carbon services – such as geothermal energy, wind energy and hydrogen storage – and in carbon capture, utilization and storage (CCUS).
Our Artificial Lift well surveillance and monitoring service eliminates the need for manual intervention to the electric submersible pump (ESP) system, allowing for remote changes to be made without the necessity of sending field service personnel to the field, consequently saving on emissions related to their transportation.
Carbon Capture, Utilization and Storage
CCUS technology involves the removal of CO2 from emission sources for storage in secure underground reservoirs or for industrial use. Halliburton has extensive knowledge and technology developed for oil and gas storage that create opportunities for the Company to contribute to carbon transport and storage projects. Our unique capabilities include geological storage site selection and development, well repurposing, construction and monitoring, as well as pipeline and subsea construction and maintenance experience.
Halliburton provides our advanced technologies and tools to assist CCUS project developers and research projects, such as Scotland’s Net Zero Roadmap project, which has a goal of achieving net zero carbon emissions by 2045. We are actively engaged in CCUS projects around the world, including in the U.S., Japan, Australia and Europe. Halliburton is also working with a major operator to test and develop safety valve tools and cement systems to facilitate a major CCUS project in the North Sea.
Congratulations to Dale Jamison, Halliburton distinguished engineer, for receiving the 2020 World Oil Innovative Thinker Award! This award honors an individual who has demonstrated thought leadership in the upstream oil and gas sector.
Our Baroid PSL deploys several innovative technologies that focus on the recovery of valuable fluids from drilling wastes, thus leading the industry in sustainability while minimizing environmental impacts. These recovery technologies help reduce costs, increase performance and overcome logistical challenges while reducing emissions. Our separation solution technologies, such as our BaraH2O® services, separate and minimize drilling fluid wastes at the rigsite, thus reducing waste volumes by 95 percent while eliminating significant emissions from transportation. Other technologies, such as BaraG-Force™ and BaraPhase™ systems, recover base fluids from drilling wastes for reuse, which significantly reduces volumes sent to landfills. Baroid is also commercializing the award-winning BaraOmni™ technology, which is expected to lead the industry in processing fluids and solids generated from drilling activity, while also maximizing recovery and energy efficiency, and minimizing transportation and disposal volumes.
By following its “3R” strategy (Reduce, Reuse, Repurpose) to create more sustainable manufacturing processes, Halliburton Baroid lowered its purchases of new base oil by over 17,000 barrels, which helped reduce inventory by over 34,000 barrels. Baroid also reduced its new purchases of barite by 3,262 tons, which resulted in substantial annual cost savings and avoided emissions.
Our Cementing PSL progressed toward autonomous rig operations with a successful cement job placed without on-site human involvement. For a major operator in Norway, a cement technician was seated in the customer’s office onshore while the cement unit on an offshore platform flawlessly executed a cement job. The technician simply started the job, and the control system on the unit automatically functioned the required valve sequencing, based on key feedback parameters, to deliver the job as planned without human intervention. This is a major step toward the vision of fully autonomous offshore execution, which will remove the need for personnel to be on site.
For decades, Halliburton has been an active full-service leader in geothermal technology and processes, and has significant global geothermal project experience. Our products and services address every aspect of developing a geothermal energy production facility: project management, drilling, cementing, fluids, logging, completions, stimulation and geofluids transfer.
Our advanced technology and experience are being used by customers to develop complete geothermal solutions around the world, including in Indonesia and the Philippines, Australia and New Zealand, the U.S. and Canada, Latin America, and across Europe and Africa.
Indonesia is one of the most volcanically active regions in the Pacific Rim of Fire, and has 40 percent of the world’s geothermal resources. Halliburton has worked with one of the leaders in this market for more than 15 years to provide drilling and cementing services to develop this clean, renewable energy source. Halliburton has enabled this global energy company to complete wells faster, more cost effectively, and with an unparalleled safety record. We developed new high-temperature cementing formulations and new directional drilling techniques that allow more wells to produce from a single pad – thus minimizing environmental impact. These innovations also increase the geothermal site’s generating capacity, significantly lowering construction costs and reducing the cost per kilowatt hour of electricity generated.