Written by Scott Devavino
(Reuters) – The US Energy Services Company said in its report on Friday.
The number of oil and gas panels, an early indicator of future production, increased by two to 588 a week to February 14.
Despite the increase in the fossil this week, Baker Hughes said that the total number of drilling continues to decrease 33 platforms, or 5 % lower than this time last year.
Baker Hughes said that the oil platforms rose by one to 481 this week, while the gas platforms gained one to 101.
The number of oil and gas panels decreased by about 5 % in 2024 and 20 % in 2023, as oil and gas prices in the United States have pushed over the past two years energy companies to focus more on debt payment and increase shareholders ’returns instead of increasing production.
SLB Top Fields SLB services restructuring some business functions and expecting more discounts in jobs, according to a source familiar with the command and the internal email ranged by Reuters.
The changes come at a time when the Houston -based company operates on an initiative to save costs, according to the source, and is preparing for the latitude this year because its customers are more cautious about spending amid fears of the excessive oil market.
Although analysts expect crude prices in the United States to remain unchanged in 2025, the expected US Energy Information Administration (EI) will expect to rise from a record of 13.2 million barrels per day (BPD) in 2024 to about 13.6 million barrels per day In 2025.
On the gas side, the environmental impact assessment expected an increase of 73 % in the immediate gas prices in 2025, which causes producers to increase the excavation activity this year after its price decreased by 14 % in 2024 in reducing many energy companies for the first time since Covid-19 A pandemic reduces the demand for fuel in 2020. (NGAS/Reconciliation)
The expected gas output will increase to 104.6 billion cubic feet per day (BCFD) in 2025, up from 103.1 BCFD in 2024 and recorded 103.6 BCFD in 2023.
(Participate in Scott Disavino reports; Liberation by Marguerita Choy)
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