AI Boom Fuels Natural Gas-Fired Power Demand, New Growth for Oilfield Services Giants

Natural Gas Intelligence · last updated February 2, 2026 – 4:16 AM

The artificial intelligence (AI) boom and accelerating data center buildout are driving a surge in demand for natural gas-fired power generation, opening new growth avenues for the largest oilfield services (OFS) providers, executives said during 4Q2025 earnings calls.

Side-by-side stacked area charts showing forecast global and U.S. power demand growth by generation source from 2000 to 2040, highlighting rising natural gas, wind and solar generation shares, declining coal use and higher post-2025 growth rates.

At A Glance:

Baker Hughes targets $3B data center orders
Gas has ‘central role’ powering AI
Halliburton secures 400 MW manufacturing capacity

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