We now are in the midst of an energy revolution, one significant enough to shift the geopolitical landscape of the past half century. Largely owing to advances in horizontal drilling and hydraulic fracturing, the United States has become the top oil-producing country in the world and will likely remain so for decades. The shale revolution’s future expansion beyond North America has the potential to reshape national economies and bring prosperity to countless communities around the world.
Today, smartphones put access to any point on the globe in the palm of one’s hand and an endless number of apps to guide every aspect of life.
It’s not overstating it to say these innovations are fundamentally altering the dynamics of business, economics, education, governance, and even our sense of community. In our industry, digital technologies are redrawing the map of exploration and production in ways unimaginable not long ago.
Halliburton’s digital initiatives are driven by business strategy and targeted at solving business challenges. From big data analytics to drive operational efficiency and accelerate cycle times, to the use of machine learning and artificial intelligence to provide real-time insights and enable automation across all stages of the well life cycle, Halliburton is able to automate both mechanical systems and processes, and allow people to focus on more advanced, value-adding tasks.
Contrary to what the naysayers began to say thirty or forty years ago, hydrocarbons remain the primary form of the world’s energy. Demand for energy will grow substantially over the next few decades and a world powered entirely by other kinds of energy is a distant, if not unrealistic, goal. The economic reality is that no other form of energy is more abundant, affordable, and reliable than oil and natural gas.
Halliburton remains focused on what it has always done best: providing products, services, and solutions to the oil and gas industry. We are committed to continuing our legacy as one of the most well-respected oil and gas service providers in the world. That fidelity to our core identity is not subject to market trends; rather, it’s only enhanced by customer collaboration, advanced technology, continuous improvement, safety, and service quality.