By Scott Disavino
(Reuters) – American energy companies This week added oil and natural gasrigs for the first time since December 2023 for a third week in a row, said Baker Hughes, energy service Baker Hughes.
The number of oil and gas assignment, an early indicator for future output, rose by two to 588 a week until February 14.
Despite the increase of this week, Baker Hughes said that the total count was still 33 rigs, or 5% lower last year.
Baker Hughes said that the oil platforms have risen by one to 481 this week, while gas installations won one to 101.
The number of oil and gas installation fell by approximately 5% in 2024 and 20% in 2023, because lower American oil and gas prices in recent years led energy companies to concentrate more on paying on debts and increasing the returns of the shareholders instead of increasing production.
Top Oilfield Services Provider SLB restructures certain business functions and expects more job losses, according to a source that is familiar with the issue and an internal e -mail seen by Reuters.
The changes come if the company established in Houston has worked on an initiative for cost savings, according to the source, and is preparing for lukewarm growth this year, because his customers are more careful about the expenses in the midst of concern about a transferred oil market.
Although analysts predict the rough prices of the US in 2025, the US Energy Information Administration (EIA) would be the raw output in 2025 in 2025 of a record 13.2 million barrels per day (BPD) to around 13.6 million BPD rise.
On the gas side, the EIA was that an increase in spot gas prices in 2025 would predict by 73%, producers would lead to the drill activity this year is a boost 19 Pandemie reduced demand for the fuel in 2020. [NGAS/POLL]
The projection of the EIA would rise to 104.6 billion cubic foot per day (BCFD) in 2025, an increase of 103.1 BCFD in 2024 and a record 103.6 BCFD in 2023.
(Reporting by Scott Disavino; adaptation by Marguerita Choy)
