U.S. crude production rose by 6,000 barrels per day (bbl/d) in January to 9.964 million bbl/d, the Energy Information Administration (EIA) said in a monthly report on March 30.
The agency revised the December report up by 9,000 bbl to 9.958 million bbl/d. The gains were driven by a rise in offshore production, which rose 5% to 1.62 million bbl/d from 1.55 million bbl/d. Production decreased modestly in the major oil producing states of Texas and Alaska, while North Dakota's production rose slightly to 1.16 million bbl/d, the EIA said.
U.S. natural gas production in the Lower 48 states dipped by 1.4% to 86 billion cubic feet per day (Bcf/d) in January, though that still represented a 9.9% increase from a year ago, according to the EIA's monthly production report. Production fell by 2.8% in Texas, the top natural gas producer, to 22 Bcf/d, and was also lower in Pennsylvania and Louisiana.
Production in Oklahoma rose to 7.51 Bcf/d, a new record for that state, the third biggest producer in the Lower 48.
ABB’s board of directors and Ulrich Spiesshofer have mutually agreed for him to step down from his role as CEO, which he has held since 2013, the company said on April 17.
The total capital investment of the Project is over $150 million, and there will be up to 250 people employed at the site during the height of construction activity.
Top oilfield services provider Schlumberger reported a drop in quarterly profit, hit by weak demand for its equipment and services from oil producers under pressure to rein in spending.