Diamondback Touts Land, Cheap Gas to Lure Data Centers to Permian
With 65,000 land acres, cheap natural gas and an abundant produced water supply, Diamondback wants to lure power-hungry data centers to West Texas.
E&P Highlights: Nov. 4, 2024
Here’s a roundup of the latest E&P headlines, including a major development in Brazil coming online and a large contract in Saudi Arabia.
Expand ‘Having Tons of Conversations’ to Power Data Centers with Gas
Expand Energy, the largest U.S. gas producer, has some 1 Bcf/d of supply behind pipe that it can turn online when gas markets stabilize, though executives said Oct. 30 it might not be needed for some time.
Navigating the Crossroads: Oil, Gas Industry Reimagines its Role in Tech Age
The oil and gas industry has both a need and an opportunity to embrace the digital transformation while engaging the next generation of its workforce.
As Permian Gas Pipelines Quickly Fill, More Buildout Likely—EDA
Natural gas volatility remains—typically with prices down, and then down further—but demand is developing rapidly for an expanded energy market, East Daley Analytics says.
Range Confirms: Data Center Talk Underway for Marcellus Gas-fired Power
Deals will take a while, however, as these multi-gigawatt agreements are also multi-decade investments, said Range Resources CFO Mark Scucci.
Companies Hop on Digital Twins, AI Trends to Transform Day-to-day Processes
A big trend for oil and gas companies is applying AI and digital twin technology into everyday processes, said Kongsberg Digital's Yorinde Lokin-Knegtering at Gastech 2024.
Psst: NatGas Futures Haven’t Priced in AI Power Demand Yet
Gas-fired power demand is coming for AI-enhanced data generation as Microsoft, Amazon and others race to stay on top—and not go the way of IBM—analysts said at a Pittsburgh energy forum.
E&P Highlights: Oct. 21, 2024
Here’s a roundup of the latest E&P headlines, with a large contract announced offshore Gulf of Mexico and strategic partnerships aimed at optimizing oilfield production.
Morgan Stanley Backs Data Center Builder as AI Fervor Grows
Morgan Stanley Infrastructure Partners (MSIP) is backing data center developer Flexential as demand for AI and high-performance computing grows.