Oilfield giants pivot to booming AI infrastructure as drilling demand wanes

Core Insights - Oilfield services companies SLB, Halliburton, and Baker Hughes are shifting focus towards data centers and artificial intelligence infrastructure to fuel their next growth phase as they adapt to a slowing oil market [1] Group 1: Company Strategies - SLB, Halliburton, and Baker Hughes are leveraging advancements in data and AI to enhance operational efficiency and drive innovation in their services [1] - The transition to data-centric operations is seen as a strategic move to diversify revenue streams beyond traditional oilfield services [1] Group 2: Market Context - The oilfield services industry is currently facing challenges due to a slowdown in oil demand, prompting companies to seek new growth avenues [1] - The integration of AI and data centers is expected to provide a competitive edge in a rapidly evolving market landscape [1]