Halliburton Partners with Beetaloo Energy for AI Data Centre Gas Project
HAL sits 53% above its 52-week low of $20.39.
Summary
Halliburton signed a non-binding agreement with Australia's Beetaloo Energy to provide technical expertise for a gas-to-power and data centre development in the Northern Territory. The project aims to supply power to hyperscale data centres and AI infrastructure, leveraging gas resources from the Beetaloo Basin. This adds a new, high-growth vertical to Halliburton's portfolio, aligning with surging energy demand from AI. The deal is early-stage, subject to studies and approvals, but signals Halliburton's strategic push into integrated energy solutions beyond traditional oilfield services. Follows a series of recent contract wins in the Middle East and Latin America, reinforcing international momentum.
At the time of this announcement, HAL was trading at $31.28 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $26B. The 52-week trading range was $20.39 to $43.59. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.