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About Halliburton
Industries
Energy
Company Size
10,001+
Company Stage
IPO
Total Funding
N/A
Headquarters
Houston, Texas
Founded
1919
Overview
Halliburton operates in the energy sector, focusing on the oil and gas industry by providing a variety of services and products that help clients maximize their energy resources. The company assists in the entire lifecycle of oil and gas reservoirs, which includes locating hydrocarbons, managing geological data, drilling, formation evaluation, well construction, completion, and optimizing production throughout the field's life. Halliburton's service-oriented business model generates revenue through specialized offerings essential for exploration, development, and production. Unlike many competitors, Halliburton emphasizes sustainability and invests in research and development to create technologies that enhance operational efficiency and minimize environmental impact. The company's goal is to support its clients in improving efficiency and reducing costs while fostering innovation in clean energy technologies.
Simplify's Take
What believers are saying
- Expansion in Namibia boosts Halliburton's presence in emerging African markets.
- CorrosaLock cement system strengthens Halliburton's CCUS portfolio for climate goals.
- Collaboration with Wintershall Dea enhances reservoir management and client satisfaction.
What critics are saying
- Geothermal energy competition may challenge Halliburton's market share.
- Leadership changes could disrupt strategic direction temporarily.
- Namibia expansion exposes Halliburton to geopolitical and regulatory risks.
What makes Halliburton unique
- Halliburton's GeoESP pumps target the growing geothermal energy market.
- TrueSync hybrid motors enhance efficiency in electric submersible pump operations.
- Unified Ensemble Modeling improves reservoir management with advanced data integration.
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Company News
Permananet Magnet Motors deliver efficiency needs while achieving unmatched run life in high temperature, abrasive, and high gas-to-oil ratio environment.
On January 6, 2025, Bhavesh (Bob) V. Patel notified the Board of Directors that he has decided to not stand for re-election as a Director of Halliburton Company and retire early from serving as a Director of Halliburton Company to pursue other opportunities.
Halliburton Company will open new facilities in Namibia highlighting the importance of the country's growing oil and gas industry.
HOUSTON - September 30, 2024 - Halliburton Company (NYSE: HAL) today introduced TrueSync(TM), an innovative hybrid Permanent Magnet Motor (PMM) for ESP operations.
HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) and Wintershall Dea have announced a license agreement under which Wintershall Dea will use Halliburton Landmark’s new Unified Ensemble Modeling (UEM) solution. UEM is an innovative approach that for the first time simultaneously integrates static and dynamic data in real time to represent subsurface conditions across multiple scales. This method improves the accuracy of reservoir models by consistently incorporating geologic uncertainties, making UEM vital to optimize reservoir recovery under uncertainty. The first application of DecisionSpace® 365 will be deployed in Norway’s Maria Offshore Field. UEM allows Wintershall Dea to continuously update their risk assessments for active drilling programs after drilling each new well. This continuous cycle of evaluation and adjustment is critical to increase drilling efficiency, reduce costs, and improve worker safety
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About Halliburton
Industries
Energy
Company Size
10,001+
Company Stage
IPO
Total Funding
N/A
Headquarters
Houston, Texas
Founded
1919
There are no jobs for Halliburton right now.
Find jobs on Simplify and start your career today