Artificial Intelligence (AI)

New Era Helium Advances Hyperscaler Discussions and Prepares for Board Expansion to Accelerate AI Infrastructure Strategy in the Permian Basin

June 12, 2025

(Oil & Gas 360) – MIDLAND, Texas–June 12, 2025. New Era Helium, Inc. (Nasdaq: NEHC) (“NEHC” or the “Company”), a next-gen exploration and production platform in the Permian Basin, today announced that Texas Critical Data Centers, LLC (“TCDC”) its joint venture with Sharon AI, Inc., is in active discussions with certain large enterprise customers to anchor its planned AI infrastructure buildout

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

U.S. and UAE announce $440 billion in energy investments

May 16, 2025

(Oil Price) – The United States and the United Arab Emirates (UAE) expect to invest a total of $440 billion in the energy sector through 2035, Sultan Al Jaber, the chief executive of the UAE’s state oil and gas firm ADNOC, said on Friday. The United States is expected to invest $60 billion in energy projects in the UAE, while the Gulf oil-producing

Weatherford partners with AWS to modernize, enhance operational efficiency solutions

May 16, 2025

(World Oil) – Weatherford has signed a strategic agreement with Amazon Web Services (AWS) in a move that will transform its digital capabilities and help drive innovation in the energy sector. As part of this collaboration, Weatherford selected AWS as its preferred cloud provider and will migrate and modernize its cutting-edge software and hardware suite to AWS. This includes the

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

The AI boom runs on oil, gas, and nuclear power

April 30, 2025

(Oil Price) – Amazon (NASDAQ:AMZN) and Nvidia (NASDAQ:NVDA) have said that all options, including oil and gas, are on the table as tech giants continue to grapple with surging power demand by AI workloads. Energy and tech executives have gathered at the Hamm Institute for American Energy in Oklahoma City to discuss how the U.S. can meet the growing energy needs for AI data centers.

Weatherford, AIQ partner to integrate AI-driven systems for oil and gas operators

April 22, 2025

(World Oil) – Weatherford has signed a strategic Memorandum of Understanding (MOU) with AIQ, the Abu Dhabi-based artificial intelligence (AI) company developing innovative solutions for the energy sector. This partnership is set to bring transformative efficiency to energy production, leveraging advanced automation, data-driven insights, and the power of AI technology. The collaboration aims to integrate Weatherford’s world-class software and hardware

Miros strengthens oil spill detection system with cloud-enabled capabilities

April 10, 2025

(World Oil) – Miros, an industry leader in real-time ocean insights for maritime and offshore operations, has made a significant update to its Oil Spill Detection (OSD) system. The latest version of the Miros OSD now features cloud-enabled capabilities, a natural product evolution that further distinguishes it from other oil spill detection solutions on the market while aligning seamlessly with

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

Big Tech’s data center boom poses new risk to US grid operators

March 19, 2025

(Yahoo News) – BOSTON – Data Center Alley, a 30-square-mile stretch outside Washington D.C. and home to more than 200 data centers, consumes roughly the same electricity as Boston. So power company officials were alarmed when a big chunk of those centers – 60 of them – suddenly dropped off the grid one day last summer and switched to on-site generators.

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

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