Halliburton (HAL) and the Agency for Science, Technology and Research, A STAR, announced the launch of the Next-Generation Energy Accelerators Joint Lab. This initiative aims to accelerate the development and commercialization of advanced well completion technologies for the energy industry. The project is also supported by the Singapore Economic Development Board, EDB. The launch event was officiated by Alvin Tan, Singapore’s Minister of State for Trade and Industry. NEX Lab is a S$35M project that will serve as a collaborative hub for research, engineering, and testing.
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