Author of Scott Disavino
(Reuters) – US Energy Companies added this week for the third week of oil and natural gas, for the first time after December 2023, Baker Hughes Energy Services said in its carefully followed report on Friday.
The number of oil and gas, an early indicator of future production, increased by two to 588 a week until February 14th.
Despite the increase in this week, Baker Hughes said the total number still reduced 33 equipment, or 5% below this time last year.
Baker Hughes said oil appliances increased by one to 481 this week, while gas appliances got one to 101.
The number of oil and gas number decreased by about 5% in 2024 and 20% in 2023, since the lower oil and gas prices in the last few years have encouraged the energy companies to focus more on the payment of debt and increase the return of shareholders rather than on increase in production.
The top provider of the SLB oil field restructures certain business functions and expects more to reduce the job, according to the source familiar with this issue and the internal E -one, which he saw Reuters.
Changes come because the company based in Houston works at the initiative for cost savings, according to the source, and this year he is preparing for the growth of tenders, as his customers are more cautious about consumption due to concern than the over -market oil market.
Although analysts predict that raw oil oil prices in the US will remain unchanged in 2025, the US Energy Information Directorate (EIA) has been projected to increase oil production from a record 13.2 million barrels per day (BPD) in 2024. , 6 million BPD in 2025.
On the gas side, the EIA has projected 73% increase in the price of a gas spot in 2025 years, it would encourage manufacturers to increase the drilling of activities this year after 14% of the price drop in 2024. Covid- 19 pandemic reduced fuel demand in 2020. [NGAS/POLL]
The projected production of gas in the EIA will increase to 104.6 billion cubic rates per day (BCFD) 2025, compared to 103.1 BCFD in 2024 and a record 103.6 BCFD in 2023.
(Reporting Scotta Disavina; Mounting Marguerita Choy)
