Sustainable Energy Evolution

2021 Highlights

Sustainability in the R&D Process

The LIFECYCLE process, which governs new product R&D, incorporates all of our Company’s major functions, including technology, manufacturing, product management, marketing, and operations. We use this process to improve our product and service solutions, mitigate risks, and review project progress at stage gates.

Embedded within the LIFECYCLE process is sustainability. At the critical stage gates of product inception, detailed design, and commercialization, we consider the following:

• People and environmental safety

• Human capital requirements

• Manufacturing, storage, and transportation costs

• Emissions during manufacturing and use

• Operational footprint

• Overall product lifecycle

• Cybersecurity

Coinciding with sustainability reviews at project kickoff, detailed design, and commercialization, our governance board also provides a thorough review of environmental impacts, along with business case, risks, time to market, and product development costs. The insertion of these reviews into the process maximizes the influence of sustainability considerations on product development.

University Relationships • Sponsored Research Agreements

Halliburton engages with major universities in countries around the world to facilitate the research studies of advanced-degree students. Our PSL technology groups work with students to identify research topics that address our Company’s technology challenges, along with the competencies of the specific university. We help define the research scope, gather resources, and, on occasion, make financial contributions. Through this endeavor, Halliburton uses external competencies to advance the R&D goals of our PSLs and, ultimately, to improve our products and solutions for our customers as well as our internal processes.

University Relationships • STEPS Program

Our program, Science and Technology for Exploration and Production Solutions (STEPS), targets master’s-level students at universities who are working on their theses. We give these students the opportunity to conduct a research project in collaboration with Halliburton and our industry and academic partners. Participating students can conduct research focused on real-world datasets, receive relevant training and mentorship from STEPS team members, and gain experience with Halliburton Landmark software, products, and knowledge base. 

Halliburton facilitates regular, meaningful contact between students, industry representatives, and academics through our STEPS program, and builds a collaborative research network with the robust participation of all parties. 

Each year, the STEPS Scientific Advisory Board selects a research theme within which students select a research topic of their choosing. The theme for the 2020–2021 academic year was the 21st Century Energy Transition. The theme for the 2021–2022 academic year was the Subsurface Characterization of Energy.

In addition to supporting research projects, STEPS hosts a Distinguished Lecture series aligned with the current research theme to encourage more interaction with the exploration and production (E&P) community.

To learn more about the STEPS program, including how to apply, please visit the STEPS page.

Our Technology Highlights

To see a variety of examples of our technologies that reduce our customers’ emissions and aim to decarbonize the process of oil and gas extraction, download the full report.

Reduction in Battery Use

To improve the sustainability of operations, Halliburton aims to eliminate the use of lithium batteries in our downhole tools. Batteries require complex logistics and safety precautions, as well as recycling. The development of solutions to generate downhole power or to continuously provide power from the surface will make a step change toward reducing our environmental footprint. Because of this, many of our PSLs, including Sperry Drilling and Production Solutions, focus on technology development that does not rely on battery power.

Additionally, we have invested in a company that produces ultra-capacitators, a rechargeable solution that delivers the power required for our challenging downhole applications.

Digital Transformation

Halliburton deploys digital technology across all business lines and geographies to improve efficiencies and outcomes. Many of these capabilities reduce GHG emissions through optimization and efficiencies and provide high-quality data for enhanced decision-making and continuous improvement.

Digital unlocks the potential to structurally lower costs, shorten time to first oil, increase efficiency in exploration and production, and enhance performance across the entire value chain.

In 2021, the Company made great strides in our digital transformation by developing, deploying, and maturing Halliburton 4.0.

Halliburton 4.0

In 2021, Halliburton 4.0 accelerated our digital approach over the well lifecycle including subsurface, well construction, reservoir and production, and our own enterprise. 

Our deployment of software, hardware, AI, machine learning, and sensors gives us access to more data and operational insight than ever before. This data allows us to improve project planning, design, and execution; monitor and optimize operations in real time; enhance decision-making; shift to automated controls and remote operations; make data more accessible to all business units; and advance data storage and data analytics capabilities — all while enabling a more collaborative, connected workforce. 

Halliburton 4.0 increases efficiency, saves costs, and mitigates health and safety risks associated with manual labor. It also reduces our environmental impact through the elimination of paper waste and the reduction of personnel required to work at wellsites, which means fewer emissions associated with transportation, lodging, and sustenance on both land and offshore settings.

For more information about Halliburton 4.0, please visit Halliburton 4.0.

Halliburton Landmark

To support Halliburton 4.0, Halliburton Landmark offers a suite of geoscience software products that enable our customers to explore and produce hydrocarbons. In 2021, Halliburton shifted Landmark products further into the sustainability space. To see a few examples of our products that support the world’s energy transition, download the full report.

Support for Renewable Energy Sources

In addition to using our digital capabilities, Halliburton applies our existing technologies to the renewable energy space for a greater environmental impact. To read more about our Carbon Capture, Utilization, Storage, and Geothermal solutions, download the full report.

Halliburton Labs

Halliburton Labs gives early-stage, clean-tech companies access to our world-class facilities, technical and scientific experience, and business network. Halliburton Labs is a collaborative environment in which entrepreneurs, academics, investors, and industrial labs come together to advance cleaner, affordable energy. 

Halliburton Labs is a unique front door to engage with the innovative companies and people who are ready to scale solutions for clean, affordable energy. To learn more about this endeavor, please visit Halliburton Labs. For detailed information on our 2021 Halliburton Labs efforts, initiatives and successes, download the full report.