Halliburton's Subsurface Tech Labs and Nuclear Waste Role Shape Its Investment Narrative

Halliburton is shifting its focus to advanced subsurface technologies, including nuclear waste disposal, to diversify its energy sector offerings. The company has launched a SGD 35 million joint lab with Singapore's A*STAR to accelerate development of well completion technologies and is involved in a deep borehole nuclear waste disposal demonstration program. While this adds upside optionality, it also introduces new risks that could influence the company's valuation.