Oilfield Services Expand to Data Center Services As AI Booms
Update: 2025-10-31
Description
Oilfield giants Schlumberger and Halliburton are pivoting away from traditional oil services, embracing digital and data center solutions to tap into new revenue streams. Schlumberger's Data Center Solutions segment is booming, driven by partnerships with cloud service providers, while Halliburton is venturing into the distributed power market for data centers. Both companies are also investing in cleaner, more efficient equipment, creating a feedback loop that drives demand for both technology and infrastructure. These strategic moves position them for future growth as demand for data and AI power continues to rise.
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