Wednesday, December 3, 2025

Artificial Intelligence (AI)

Reliance Industries, JV partners to invest $11 billion in India AI data capacity

November 26, 2025

(BOE Report) – A Reliance Industries joint venture will invest $11 billion over five years to develop 1 gigawatt of AI data capacity in the southern Indian state of Andhra Pradesh, the companies and the state’s government said on Wednesday. Canadian multinational company Brookfield Corporation and U.S.-based real estate investment trust Digital Realty are the other partners involved in the

UAE eyes $50 billion investment blitz in Canada’s energy and AI sectors

November 21, 2025

(Oil Price)– The United Arab Emirates is ready to invest as much as $50 billion in Canada’s industries, notably energy and artificial intelligence, following a visit by Prime Minister Mark Carney in Abu Dhabi. Reuters reported the news, citing a statement by the Emirati authorities that did not feature any details on the investment agreement. Earlier reports, however, mentioned an investment

Energy Advisors: Power and Energy Companies

November 18, 2025

(Oil and Gas 360) – Energy Advisors recently released its latest edition of its MarketMonitor series, which continues the theme emphasizing the role of traditional energy companies in building out more power for AI and data centers. Some “story-metric” AI companies have multi-billion-dollar market caps and don’t generate any revenue… and likely won’t for many, many years. Earlier, we laid the groundwork on the scale

How Artificial Intelligence is powering a new industrial boom

November 3, 2025

(Oil Price) – Concern has been rising that artificial intelligence is killing jobs, and there is evidence to support this. But in the energy industry, executives are loving AI. A fifth of energy companies are already using the technology, and an overwhelming majority of executives believe AI is a force for good. For energy, it has been. AI is driving energy demand much

UAE minister calls for $4 trillion annual energy investment to power AI

November 3, 2025

(Oil Price) – The advance in AI and the surge in data center build-out have pushed global energy investment needs to $4 trillion annually, Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC chief executive, said on Monday. Large oil producers have been warning for years that investment in supply needs to rise to meet constantly growing global energy demand.

Oilfield giants pivot to booming AI infrastructure as drilling demand wanes

October 27, 2025

(BOE Report) – Oilfield services giants SLB, Halliburton and Baker Hughes are turning to data centers and related artificial intelligence infrastructure work to drive their next phase of growth as they navigate slowing drilling demand and idle rigs across North America. U.S. oil producers have cut exploration budgets as prices hover in the low $60s per barrel, pressured by rising

Google backs carbon-captured gas to power its AI future

October 23, 2025

(Oil Price) – Google has signed the first U.S. corporate power purchase agreement involving natural gas with carbon capture, marking a major shift in how Big Tech plans to fuel the data-hungry future of artificial intelligence. The deal centers on the Broadwing Project, a 400-megawatt gas-fired power plant planned for Decatur, Illinois, developed by privately held Low Carbon Infrastructure. The plant

US energy prices to spike on Trump’s axing of grants, senator says

October 17, 2025

(BOE Report)– The Trump administration’s plans to cancel nearly $8 billion in Energy Department grants are illegal because contracts had already been signed and will cause consumer energy prices to skyrocket, the top Democrat on the U.S. Senate energy committee said. Earlier this month, the Energy Department canceled $7.56 billion in funding for clean energy projects that it claimed would

Data centers lit the fuse on the next nuclear age

October 8, 2025

(Oil Price) – Just five years ago, no one could predict the surge in electricity demand that the United States is currently experiencing because of the proliferation of data centers as AI takes center stage in the tech industry. Many, however, predicted that nuclear is due for a renaissance—and it is getting it, in both conventional form and, in the future,

PG&E launches $73B California grid plan to feed starving AI

September 29, 2025

(Oil Price) – Pacific Gas and Electric has unveiled a $73-billion spending program through 2030 to overhaul California’s grid as electricity demand from artificial intelligence and cloud infrastructure explodes, Reuters reported on Monday. The utility said the plan will support as much as 10 gigawatts of new load from data centers slated for development in its service territory over the next decade. Brent

Exclusive: ROAM AI at EnerCom Denver – The Energy Investment Conference 2025

September 16, 2025

(Oil & Gas 360) – Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technology Series presenter replays for a limited time. ROAM AI was founded by a team of Energy professionals who walked away from corporate America to solve a problem they knew all too well. After decades of working inside

U.S. power consumption set to hit record highs in 2025 and 2026

September 10, 2025

(Oil Price) – U.S. electricity consumption is set to hit record-high levels this year and next, as demand from data centers and industrial customers soars, the U.S. Energy Information Administration (EIA) said in its latest Short-Term Energy Outlook (STEO). America’s power use will hit 4,187 billion kilowatt-hours (kWh) in 2025 and then rise to 4,305 billion kWh in 2026, the monthly report showed.

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