Latest news with #energyIndustry
Yahoo
29-06-2025
- Business
- Yahoo
Halliburton to Design Lithium, Geothermal Wells for GeoFrame Energy in East Texas
Halliburton Company (NYSE:HAL) is one of the most undervalued US stocks according to analysts. On June 24, Halliburton Company (NYSE:HAL) announced that it has secured a contract to support GeoFrame Energy's direct lithium extraction/DLE and geothermal project in East Texas. Halliburton will be responsible for planning and designing the first demonstration wells in the Smackover Formation, with operations anticipated to commence in late 2025. The project in East Texas is expected to be the first in the US to deliver battery-grade lithium carbonate from the Smackover Formation, which is a geological unit known for its lithium-rich brines. GeoFrame Energy aims to produce ~83,500 metric tons of battery-grade lithium carbonate annually, which is projected to be enough to fully meet current US demand. The initiative is expected to support domestic lithium production and reduce the country's reliance on foreign supply chains. A drilling rig in the desert with an orange sunset in the background. Halliburton will play a central role in the drilling phase by designing, constructing, and operating the demonstration wells, and eventually scaling the project to full field development. Beyond lithium production, GeoFrame Energy's project is designed as a model for sustainable mining. The company plans to use geothermal brine to generate zero-emission electricity through binary cycle generators. Halliburton Company (NYSE:HAL) provides products and services to the energy industry worldwide. GeoFrame Energy is a leader in green lithium carbonate and geothermal energy production. While we acknowledge the potential of HAL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
28-06-2025
- Business
- Yahoo
Halliburton to Design Lithium, Geothermal Wells for GeoFrame Energy in East Texas
Halliburton Company (NYSE:HAL) is one of the most undervalued US stocks according to analysts. On June 24, Halliburton Company (NYSE:HAL) announced that it has secured a contract to support GeoFrame Energy's direct lithium extraction/DLE and geothermal project in East Texas. Halliburton will be responsible for planning and designing the first demonstration wells in the Smackover Formation, with operations anticipated to commence in late 2025. The project in East Texas is expected to be the first in the US to deliver battery-grade lithium carbonate from the Smackover Formation, which is a geological unit known for its lithium-rich brines. GeoFrame Energy aims to produce ~83,500 metric tons of battery-grade lithium carbonate annually, which is projected to be enough to fully meet current US demand. The initiative is expected to support domestic lithium production and reduce the country's reliance on foreign supply chains. A drilling rig in the desert with an orange sunset in the background. Halliburton will play a central role in the drilling phase by designing, constructing, and operating the demonstration wells, and eventually scaling the project to full field development. Beyond lithium production, GeoFrame Energy's project is designed as a model for sustainable mining. The company plans to use geothermal brine to generate zero-emission electricity through binary cycle generators. Halliburton Company (NYSE:HAL) provides products and services to the energy industry worldwide. GeoFrame Energy is a leader in green lithium carbonate and geothermal energy production. While we acknowledge the potential of HAL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Standard
27-06-2025
- Business
- The Standard
Future Stars Shine at Ng Yuk Secondary School's Sports & Arts Award Selection
Data center demand to push US power use to record highs in 2025, '26, EIA says
South China Morning Post
23-06-2025
- Business
- South China Morning Post
Trump pushes oil producers to pump more crude amid fears Iran may close shipping lane
US President Donald Trump on Monday called for the US and other oil-producing economies to pump more oil as crude prices remain volatile following US strikes on Iranian nuclear facilities. Advertisement Trump urged stepped-up production as the White House sharpened its warnings to Iran against closing the Strait of Hormuz, a vital oil and gas shipping lane, in retaliation for the US strikes on Iran's nuclear programme 'To the Department of Energy: DRILL, BABY, DRILL!!! And I mean NOW!!!' Trump posted on social media. He added, 'EVERYONE, KEEP OIL PRICES DOWN. I'M WATCHING! YOU'RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY. DON'T DO IT!' The push by Trump comes at an uncertain moment as US embassies and military installations in the Middle East are on high alert for potential retaliation. Global markets are trying to ascertain what lies ahead after the US struck key Iranian nuclear facilities with a barrage of bunker-busting bombs and Tomahawk missiles. Iran's parliament has approved cutting off the Strait of Hormuz, a narrow shipping lane in the Persian Gulf through which about 20 per cent of global oil and gas passes. It is now up to Iran's national security council to decide whether to move forward with the idea, which could lead to a spike in the cost of goods and services worldwide. Advertisement Many energy industry analysts are sceptical that Iran would go forward with a full closure of the strait, something that it has threatened to do in the past.
The Standard
23-06-2025
- Business
- The Standard
HK's financial resources can drive climate solutions, says leader
Data center demand to push US power use to record highs in 2025, '26, EIA says
