Halliburton and A*STAR Launch S$35 Million NEX Lab for Energy Innovations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Project Launch: Halliburton and A*STAR have launched the S$35 million NEX Lab to accelerate the development and commercialization of advanced well completion technologies, enhancing Singapore's competitiveness in the global energy sector.
- Technology Integration: The NEX Lab will streamline the transition from early-stage innovation to field deployment by integrating design, prototyping, and validation activities, which is expected to increase demand for high-value technical roles in Singapore.
- Talent Development: The lab will not only foster the development of local suppliers but also cultivate future scientific and engineering talent in Singapore, strengthening resilient, high-value energy supply chains and supporting national economic and societal goals.
- Historical Collaboration: Since 2019, Halliburton has invested over S$2 million in collaboration with A*STAR, focusing on materials and design improvements, workflow automation, and sensor development, with the establishment of the NEX Lab set to deepen this partnership further.
Analyst Views on HAL
Wall Street analysts forecast HAL stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HAL is 32.31 USD with a low forecast of 28.00 USD and a high forecast of 39.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
12 Buy
6 Hold
0 Sell
Moderate Buy
Current: 33.720
Low
28.00
Averages
32.31
High
39.00
Current: 33.720
Low
28.00
Averages
32.31
High
39.00
About HAL
Halliburton Company is a provider of products and services to the energy industry. The Company operates through two segments: Completion and Production and the Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, specialty chemicals, intervention, pressure control, artificial lift, and completion products and services. The segment consists of artificial lift, cementing, completion tools, pipeline and process services, production enhancement, and production solutions. The Drilling and Evaluation segment provides field and reservoir modeling, drilling fluids, evaluation and precise wellbore placement solutions that enable customers to model, measure, drill, and optimize their well construction activities. Its product service lines include Baroid, drill bits and services, Halliburton project management, landmark software and services, Sperry drilling, testing and subsea and wireline and perforating.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
