AI – Oil & Gas 360

How artificial intelligence is both driving and derailing decarbonization

August 25, 2025

(Oil Price) – Will Artificial Intelligence be the downfall of the clean energy transition, or the catalyst that makes it possible? The answer is complicated, and somehow contains a bit of both. Training the large language models that power AI is incredibly energy-intensive, and as models like ChatGPT and DeepSeek become increasingly complex, each individual query can rack up a serious

Charting the projected US power capacity mix through 2035: Maguire

August 21, 2025

(BOE Report)– U.S. power generation capacity is evolving at the fastest pace in decades, as utilities scramble to ensure that supplies keep up with rapidly growing electricity demand from data centers, AI applications, businesses, homes and electric vehicles. To help frame expectations on what power sources will likely be in play over the coming years, the U.S. Energy Information Administration

AI boom will drive U.S. energy expansion, says interior secretary Burgum

July 31, 2025

(Oil Price)– Low oil prices may be squeezing U.S. shale producers, but Interior Secretary Doug Burgum isn’t worried. In a new interview with The National’s Hadley Gamble, Burgum predicted that skyrocketing demand from the tech sector—particularly AI data centers—will be the next great engine of growth for the American energy industry. “The tech guys are becoming the biggest customers in the

EQT calls on congress to slash gas project approval times

July 21, 2025

(Oil Price)– The chief executive of gas major EQT has called on legislators to reduce the length of the approval process for new natural gas infrastructure in order to boost the competitiveness of U.S. energy. In an interview with the Financial Times, Toby Rice said that “The threat of not getting infrastructure built has only gotten larger — not only from bad

Google signs a record $3-billion hydropower deal to power AI

July 15, 2025

(Oil Price)– Google has signed a $3-billion agreement to source electricity for data centers from Brookfield Asset Management’s hydropower facilities, in the world’s largest corporate clean power deal for hydroelectricity, the asset manager said on Tuesday. The first contracts executed under the agreement to deliver up to 3 gigawatts (GW) of carbon-free hydroelectric capacity across the United States are for Brookfield’s

AI-powered WindSafe™ platform achieves first-of-its-kind deployment

June 12, 2025

(World Oil) – This first-of-its-kind deployment signals a step change in how safety and operational assurance can be managed in offshore wind, with WindSafe™ introducing real-time visibility, predictive analytics, and intelligent automation to enhance performance and reduce risk at scale. Developed by Fennex, an award-winning Aberdeen-based digital technology company, WindSafe™ was purpose-built to address the evolving challenges of high-risk offshore

Big oil goes bionic

May 14, 2025

(Oil Price) – The world’s biggest oil and gas firms are embracing AI and related technology to maximize savings, optimize operations, and boost earnings. Digitalization is not new to the energy sector—oil producers and utilities have been using and perfecting it for years. But AI and its rapid advancements and capabilities are the latest hype, and it seems everyone is using

ADNOC Drilling CFO sees $500 million of acquisitions this year

May 12, 2025

(World Oil) – The drilling unit of the United Arab Emirates’ biggest oil company expects to make three acquisitions in the second half of this year totaling about $500 million, as it expands in technology and hardware to bolster growth. Two of the deals will be for businesses developing artificial intelligence applications, ADNOC Drilling Co. Chief Financial Officer Youssef Salem said

Global energy demand rises as power consumption jumps

March 24, 2025

(Oil Price) – Surging power demand in both developed and emerging economies accelerated global energy demand growth in 2024 to nearly twice the pace of recent years, the International Energy Agency (IEA) said on Monday. Record-high temperatures, higher demand from industry and for electrification, and AI and data centers contributed to a 4.3% rise in global power consumption last year, the IEA said

Aramco’s venture arm invests in Telefonica-backed AI startup

February 17, 2025

(World Oil) – (Bloomberg) – Saudi Aramco’s venture arm has invested in an AI cloud startup backed by Spanish telecom giant Telefonica SA as it seeks to drive the kingdom’s push to become an artificial intelligence hub. The deal with UK-based Ori will see the company establish a regional subsidiary in Riyadh to develop talents and advance technologies in the local

U.S. grid investments jump as AI leads power demand surge

January 28, 2025

(Oil Price) – A number of grid operators and utilities in the United States are planning billions of U.S. dollars worth of investments in power transmission lines and networks as American electricity demand rises after two decades of stagnation. The advancements in AI and the surge in electricity demand for powering and cooling data centers have prompted the utilities sector to

AI, carbon reduction, and M&A are top oil and gas trends to watch in 2025, new report says

January 14, 2025

(World Oil) – According to a new report from national law firm Lathrop GPM, oil and gas (O&G) decision makers are grappling with carbon reduction initiatives and artificial intelligence (AI) readiness—as well as continuing to evaluate potential mergers and acquisitions (M&A) to drive new efficiencies—amid ongoing economic, geopolitical and regulatory uncertainty. This year’s annual report, “2025 Oil and Gas Outlook

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