E&P Plus Exec Q&A: Behind the Scenes at Halliburton Lab’s New Innovation Program

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Editor's note: This video originally appeared in the February issue of E&P Plus.
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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.

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