Halliburton Is Branching Into Data-Center Power Supplies as Frack Demand Stagnates

Halliburton, a major oilfield services company, is expanding its business focus to include data-center power supplies as the demand for fracking services has stagnated globally. The company is leveraging its expertise in electrical power systems to enter this new market, which is driven by the growing need for reliable and efficient power solutions in the rapidly expanding data-center industry. This strategic move comes as the fracking industry, a key revenue source for Halliburton, has faced a slowdown due to various factors, including the shift towards renewable energy sources and the impact of the COVID-19 pandemic on the oil and gas sector. By diversifying into the data-center power supply market, Halliburton aims to offset the decline in its traditional fracking business and capitalize on the growing demand for reliable and sustainable power solutions in the digital infrastructure sector. This transition reflects Halliburton's efforts to adapt to the changing energy landscape and diversify its revenue streams, ensuring its long-term viability and competitiveness in the evolving market.