AI's Huge Power Needs Give Oil Majors Incentive To Invest in Renewables, Says Adnoc Boss

Surging AI demand could push major oil companies to reinvest in renewable energy [non-paywalled link], Abu Dhabi National Oil Company CEO Sultan al-Jaber said this week. Al-Jaber's comments came as oil executives from Shell, BP and TotalEnergies met with Microsoft and other tech leaders in Abu Dhabi to discuss AI's growing energy needs and its applications across the sector.

ADNOC announced plans to deploy autonomous AI agents across its operations through EnergyAI, developed with Microsoft and UAE's G42. The system will analyze seismic data and model underground carbon storage potential. The state oil giant committed $23 billion to low-carbon technology development using AI. Tech companies have pledged to power their AI data centers with renewable energy to meet climate targets. 'We need a model that integrates all forms of energy,' said al-Jaber, citing needs for renewable power, battery storage, natural gas, and nuclear energy in some locations.

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