The former chief executive of British oil company BP is jumping into the American artificial-intelligence boom. Bernard Looney is taking on the chief executive role at Prometheus Hyperscale, a data-center developer that hopes to funnel tens of billions of dollars into two projects in Wyoming and another in Texas. The move marks the latest push by oil-and-gas veterans to capitalize on a building boom that has strained power markets and driven the U.S. construction sector in recent years. With energy-hungry projects requiring huge workforces and sprawling supply chains, companies including SLB, Baker Hughes and even major oil companies have vied…

Want to continue reading?

Unlock full access to The Currency and The Wall Street Journal with an Annual membership and receive a free Samsonite suitcase – worth €235 delivered to your door.

Subscribe

Cancel at any time.

Are you already a member? .