Halliburton seeks to provide affordable, reliable, and sustainable products and services to our customers.
Climate Change and Low-Impact Solutions
Sustainable and Secure Energy Future
Worldwide oil and gas remains an essential source of reliable and affordable energy and lower-carbon intensity oil and gas production is a critical part of facilitating a low-carbon future.At Halliburton, we are innovating and deploying solutions designed to help our customers lower the carbon intensity of their operations.
A range of Halliburton solutions help customers reduce the carbon intensity of their operations. Halliburton Landmark provides digital solutions to develop end-to-end subsurface, drilling characterization, and production, which leads to a better understanding of what drives upstream emissions. Operational tools from a range of Halliburton product lines, such as Cerebro® in-bit sensor package and iCruise® intelligent rotary steerable system, can improve the efficiency of hydrocarbon extraction for our customers. Cerebro® improves rock cutting and removal efficiency, while iCruise® helps our customers steer and place wells more precisely.
Halliburton has developed and commercialized the EnviraCem™ and NeoCem™ E+ cement systems to provide barriers with reduced Portland cement content to our customers. With EnviraCem™ providing greater than a 70% reduction in mass Portland cement by volume of the blend, and NeoCem™ E+ providing a 50% – 70% reduction in mass Portland cement by volume of the blend, Halliburton helps our customers lower their carbon emissions while providing thoughtfully engineered systems with enhanced sheath performance. The innovative designs of EnviraCem™ and NeoCem™ E+ incorporate more locally sourced, natural, and recycled materials. The reduced dependence on Portland cement to provide a dependable barrier enables flexibility with industry supply chain challenges and delivers a more sustainable barrier solution.
BaraShale® Max water-based fluid (WBF) has the potential to replace invert emulsion fluids (IEF). This engineered WBF can be formulated using brines produced at the well instead of fresh water, which allows for a versatile IEF replacement. BaraShale® Max WBF reduces the need for containment, transport, and disposal of IEF and its associated drilling waste. The flexibility of using water as the base fluid and replacing IEF provides operators potential avenues to reduce their field emissions and related environmental impact.
Cementing has focused on barrier integrity and emissions reduction related to cement systems. One example is the Obex™ casing annulus packers family. The Obex™ IsoLock™ packer collar is a new compression-set packer that prevents sustained casing pressure that could potentially lead to fugitive emissions.
Halliburton is transforming our use of digital and electrification capabilities to drive actionable insights for reservoir and emissions management.
Clariti® digital reservoir management makes it possible to share data seamlessly and deliver real-time solutions from ideation to reservoir management. The customer-facing platform consists of five applications: Clariti® View, which provides remote well-data visualization with alarming; Clariti® Flow, which delivers zonal flow allocation with fluid refractions; and Clariti® React, Clariti® Manage, and Clariti® Predict, which provide full asset and production optimization by leveraging Halliburton's petro-technical capabilities with the functionality provided by SmartWell® completion systems.
Halliburton has invested in electric fracturing and Tier 4 dual-fuel engines to improve our carbon footprint and help to reduce customer emissions. Because of these investments, our equipment demographics have changed, which has lowered our overall carbon intensity per horsepower hour of operation. These investments allow Halliburton and our customers to use available fuels, including wellhead gas and power equipment, as well as give the option to connect to the electric grid. These operational model changes have had many positive impacts, including reducing CO₂ per BOE produced.
Artificial Lift's Liberator, a Hydro-Helical® gas separator, sets a new industry standard for flow rate, performance, and reliability. As the first new downhole dynamic gas separator design in decades, the Hydro-Helical® gas separator achieves extreme separation efficiency at high-flow rates — up to 40% greater than conventional separators. This translates into more oil production in higher gas applications. The improved efficiency and performance of Hydro-Helical® reduces energy consumption and delivers solutions to help advance our customers' decarbonization goals.
The FloConnect® surface automation platform is the industry's first fully automated and scalable solution for surface well testing operations. This innovative technology includes solutions for the continuous acquisition, storage, evaluation, monitoring, control, and reporting of emissions data. By supporting both environmentally conscious and real-time operational decision-making, FloConnect® reduces operational variabilities and optimizes workforce deployment by lowering exposure to hazardous and complex operations by taking personnel out of the red zone.
SureDcon™ chemistry provides decontamination cleaning using the vapor phase method, recirculation, sparging, or spraying. The efficiency of these chemicals significantly reduces system shutdown time and the resources required for decontamination. The small equipment footprint, low-water utilization, and significantly lower waste generated by SureDcon™ make it the ideal decontamination solution to help our customers decarbonize their operations.
InnerVue™ is a non-intrusive diagnostic tool that can be used to identify blockages, profile deposits, and leaks in pipelines. It gives operators the ability to address production difficulties and maximize flow performance without mobilizing heavy resources. It also allows for a rapid fugitive emissions response in case of leaks.
Sustainable energy will ultimately be an "all-of-the-above" proposition that includes oil, gas, renewable sources, and more. The most immediate opportunities to advance new energy frontiers exist in our fairway. We deploy our technologies in some of the fastest-growing new energy segments, such as carbon capture and storage, geothermal, and emissions management. The Company delivers relevant packaged solutions and technologies to advance these new energy frontiers, both individually (through our product lines) and in integrated solutions (via Halliburton Landmark, Consulting, and Project Management offerings).
Carbon capture and storage is a critical technology to reduce carbon emissions in many industries. Thirty CCS facilities globally currently store more than 42 million metric tons of CO₂ every year. In 2022, many governments strengthened policies and provided incentives that improved CCS business cases, resulting in a growing pipeline of new projects. Halliburton provides reservoir characterization to develop underground CO₂ storage, monitoring technology to assure storage integrity, and advanced well construction for injection wells.
Halliburton's product lines are answering the needs posed by CCS initiatives with innovative technologies and solutions. Our Wireline and Perforating product line addresses various challenges related to CO₂ injection with technology and workflows designed to monitor the migration of the CO₂ plume over time and to de-risk reservoir properties, ensuring CO₂ is effectively contained in storage sites.
These technologies include the StrataXaminer™ borehole imaging service, which visualizes the geologic environment and pinpoints weaknesses in the rock that could lead to CO₂ leaks; the Reservoir Sampling and Description RDT™ tool, which evaluates cap rock opening and closure pressure to guide and limit CO₂ injection rates; Ingrain's PoreHD® and FastSCAL® Services, which quantifies rock properties of CO₂ reservoirs and the seal and trapping mechanisms that characterize each storage site under question; and the Xaminer® Magnetic Resonance (XMR™) service, which is calibrated by PoreHD® and improves the economics of operators' field scale monitoring. Our Cementing product line provides bore hole barriers that are inert in the presence of CO₂ and ensure it can be safely sequestered. In 2022, Halliburton Landmark launched a single unified cloud solution for CO₂ storage modeling that provides an evergreen view of the carbon storage lifecycle to support a multi-year journey to a lower-carbon future. The solution uses a suite of industry-validated tools and workflows customized for effective CO₂ modeling to provide more insight and less uncertainty. This enables our customers to evaluate site suitability for CO₂ storage.
Conventional and unconventional geothermal exploration is increasing in the U.S., and Halliburton supports these explorations with our Pinnacle distributed temperature survey (DTS), DataSphere® ERD™ gauges, and CAST-I™ products. In addition, geothermal energy has played a role in Halliburton's California and other southwestern U.S. business for decades. This is particularly true of our work in The Geysers in Northern California (the country's largest geothermal field), the lithium-rich Imperial Valley on the border of California and Mexico, and the unconventional geothermal exploration occurring in Central Nevada.
Maintaining effective zonal isolation in the Imperial Valley has often been difficult, with bottom-hole temperatures in excess of 600 degrees Fahrenheit and the presence of highly corrosive CO₂. However, Halliburton successfully overcame this challenge more than 20 years ago in collaboration with our customers by creating ThermaLock™ cement systems. The slurries, which we optimize with new technology whenever possible, remain in demand among customers who are expanding the power output of the Imperial Valley.
In Nevada, increased demand for renewable energy has sparked a resurgence in legacy geothermal field expansion. Historically, Halliburton has provided completion tools, logging, horizontal pumping systems, and cementing, and continues to do so today.
Through Halliburton Labs, we come alongside organizations in a range of energy sectors — including industrial decarbonization, utilization / efficiency, distribution, storage, generation, and circular economy — to provide support by delivering the expertise and infrastructure for their strategic goals. Participating start-ups gain access to Halliburton's powerful resources, including our global network, capacity to scale, and world-class technical expertise. We learn more about emerging energy markets, and discover new opportunities for exploration, investment, and growth.
In Halliburton Labs, we invest our expertise, resources, and team, but not significant capital, in pioneering, and expect to uncover gaps in the energy value chain and unlock opportunities for our own business.
The Halliburton Labs accelerator program opens the door for participant companies to engage directly with Halliburton. In exchange, we acquire insights and develop institutional learning about emerging technologies and nascent value chains, synthesizing our own perspective on a host of new industries, companies, and technologies.
Halliburton Labs participants enter into a financial agreement that secures an equity stake for Halliburton at their next round of institutional financing. The key value we provide is access to scaling resources, including practitioner expertise, industrial and lab facilities, and industry connections that do not require incremental cash outlay from Halliburton. Compared to many other accelerators, Halliburton Labs is a leader in the amount of industrial capability and connections we can make available for companies.
In 2022 we executed three Finalists' Pitch Day events in which we showcased almost 30 early-stage hard-tech companies that are innovating across the energy landscape. We closed out the year with 21 participants and alumni that represent all facets of energy production, storage, distribution, and efficiency as well as the critical industrial decarbonization sector and waste-to-value. We continue to see tremendous interest in Halliburton Labs from investors, start-ups, and academic institutions.
One of our 2022 Halliburton Labs participants is Novamera, a company enabling the efficient and sustainable mining of previously uneconomic or marginal narrow vein mineral deposits. The company's core technology is a downhole sensor that acts as a guidance system and enables conventional, commercially available drilling equipment to precisely extract ore and leave waste in the ground. Novamera's engagement with Halliburton Labs has led to pilot testing plans with one of the world's top mining companies.
Ionada, a Halliburton Labs alumni, is a cleantech company that develops, manufactures, and markets carbon capture systems to reduce greenhouse gas emissions. In 2022, Ionada commissioned its first carbon-capture system at Halliburton's headquarters in Houston, TX with the support of Halliburton Labs. The pilot demonstrates Ionada's revolutionary membrane carbon-capture technology over competitive solutions.
Momentum, one of the first Halliburton Labs participants, has a modular Li-ion battery recycling solution that expects to transform end-of-life devices and battery waste into the high-quality critical materials needed for new battery production. Momentum has worked with Halliburton manufacturing for the design and construction of their modular units.
These examples demonstrate how Halliburton Labs creates value for early-stage companies in emerging energy sectors. Halliburton Labs also helps us think broadly and then dig deeply into emerging markets. We develop insights and institutional learning that will enable us to collaborate and engineer solutions to maximize value throughout the energy systems of the future.
The Halliburton LIFECYCLE process governs all new product-related research and development at the Company. It incorporates technology, manufacturing, product management, operations, and marketing functions. Halliburton uses LIFECYCLE to review project progress at stage gates, mitigate risks, and improve product and service solutions.
Sustainability is embedded in LIFECYCLE. We take the following into consideration at product inception, detailed design, and commercialization stage gates:
Halliburton's LIFECYCLE governance board also provides a thorough review of environmental impacts, business case, risks, time to market, and product development costs. These reviews coincide with sustainability reviews at project kickoff, detailed design, and commercialization. Inserting reviews into the product R&D process maximizes the influence of sustainability considerations on product development.
Sustainability means serving our customers, employees, stakeholders, and communities in an environmentally, socially, and ethically responsible way.View overview
Good corporate governance plays a vital role in building trust with our shareholders, customers, and employees.View governance
Our goal is to provide an inclusive, safe, and fulfilling workplace — because our people are at the center of everything we do.View social