By Arunima Kumar

(Reuters) -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 production from the Organization of the Petroleum Exporting Countries and its allies, while power demand has boomed due to surging AI workloads.

The world’s top oilfield contractors have now jumped on the bandwagon of delivering power equipment, turbines and data solutions to feed the growing appetite for computing and electricity.

“These are clear avenues for growth, given the need for power, esp

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