Core Laboratories And Halliburton Announce Collaboration To Integrate Digital Rock Capabilities With Laboratory Measured Data
Portfolio Pulse from Benzinga Newsdesk
Halliburton Company (NYSE:HAL) and Core Laboratories Inc. (NYSE:CLB) have announced a strategic collaboration to compress the delivery time of comprehensive digital rock data solutions. The collaboration combines Core Lab's expertise in reservoir description and optimization technologies with Halliburton's specialization in pore-scale digital rock analysis. This will enable clients to run pore-scale simulations in parallel with physical laboratory experiments, driving the accuracy and innovation of new and existing digital rock characterization workflows.
October 09, 2023 | 12:47 pm
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POSITIVE IMPACT
Core Laboratories' collaboration with Halliburton could lead to faster and more accurate digital rock data solutions, potentially increasing its competitive advantage.
The collaboration with Halliburton could enhance Core Laboratories' product offerings and potentially increase its market share. This could have a positive impact on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Halliburton's collaboration with Core Laboratories could lead to faster and more accurate digital rock data solutions, potentially increasing its competitive advantage.
The collaboration with Core Laboratories could enhance Halliburton's product offerings and potentially increase its market share. This could have a positive impact on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80