(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
(World Oil) – Atlas Energy Solutions has completed the delivery of 100 loads of proppant with its two RoboTrucks, semi-trucks equipped with the Kodiak Driver, Kodiak Robotics’ self-driving system. This milestone marks the first time ever that a customer has taken ownership of a RoboTruck and launched driverless commercial semi-trucking operations. The initial driverless operations, which were announced in July
(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
(World Oil) – SLB has been awarded a series of major drilling contracts by Shell to support capital-efficient energy development across its deep- and ultra-deepwater assets in the UK North Sea, Trinidad and Tobago, the Gulf of Mexico and others. The projects, which will be delivered over a three-year timeframe, will combine SLB’s AI-enabled digital drilling capabilities with its expertise in
(World Oil) – Technology giants are partnering with geothermal start-ups as they seek to power their energy-intensive data centers with clean but reliable power sources. Several deals have been struck over the past year as Big Tech is looking to boast low-emission profiles of its energy use. The other 24/7 low-carbon energy comes from nuclear power generation, and deals have been
(Oil Price) – The future of data centers is about to make a huge draw on the power grid. According to a DOE-backed report from Lawrence Berkeley National Lab, U.S. data center energy use could nearly triple by 2028, eating up as much as 12% of the country’s electricity. Why? Blame AI and its insatiable hunger for powerful chips and energy-guzzling
(BOE Report) – Major U.S. utilities are expected to spend heavily on upgrading their electric lines and grids over the next five years to cater to power-hungry sectors, although experts worry that their plans to raise rates sharply to offset higher costs may face regulatory hurdles. In the past few weeks, about nine utilities had raised their capital expenditure forecast by
(Oil & Gas 360) – Cross Trails BESS to provide energy and ancillary services to support renewable energy production and improve grid resiliency in the Electric Reliability Council of Texas (ERCOT) region Upcoming deployment demonstrates Energy Vault’s execution on its growth strategy to maximize capital efficiency and profitability in building, owning and operating energy storage infrastructure WESTLAKE VILLAGE, Calif. &
(World Oil) – ADNOC and AIQ announced today at ADIPEC the launch of ENERGYai, the world’s first-of-its-kind custom-built agentic artificial intelligence (AI) solution for the global energy transformation. ENERGYai will combine large language model technology with cutting-edge ‘agentic’ AI – AI ‘agents’ that are trained in specific tasks across ADNOC’s value chain. These specialized AI agents bring a new level
(Oil & Gas 360) – As Artificial Intelligence (AI) expands to potentially revolutionize every aspect of human existence, the expected electrical demands required by the power devouring technology in its earliest stages present a formidable planning and financing challenge for utilities and other power plant developers. The so-called electrical boom, the result of everything from growing economies and populations, cloud computing
(World Oil) – Saudi Aramco’s venture arm has earmarked $100 million to invest in artificial intelligence startups as it looks to accelerate Saudi Arabia’s push to become a more competitive force in global AI. Wa’ed Ventures has appointed an advisory board made up of former employees from companies including Meta Platforms Inc. and Amazon.com Inc. to explore early-stage investments in
(World Oil) – ADNOC announced today the deployment of AIQ’s Advanced Reservoir 360 (AR360) solution on more than 30 reservoirs across ADNOC’s upstream operations, following the solution’s successful initial deployment in early 2024 on two ADNOC reservoirs at Bab and Umm Shaif fields. Developed by AIQ with SLB as part of ENERGYai, ADNOC’s artificial intelligence and digital technology strategy, AR360
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