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In the US, 548 rigs were working, down 1 unit from the prior week. With 192 rigs running in Canada, 1 additional rig was working this week.
The operator said the deal adds oil-weighted production of 20,000 boe/d and 2P reserves of 35 MMboe.
Despite Shell’s exit from the first phase, it may consider involvement in expansion phases. Regardless, development plans for Phase 1 remain unchanged with plans for two FLNG units with combined capacity of 12 million tpy.
Shell has withdrawn from the initial phase of the Argentina LNG development.
The project is expected to add 15,000 boe/d gross peak annualized average production from the Atlantis platform, which has a gross production capacity of up to 200,000 b/d of oil.
bp has delivered first oil from the Atlantis Drill Center 1 expansion project in the US Gulf.
Global oil demand is expected to increase in 2025 and the outlook carries into 2026, where IEA has raised its demand growth forecast by 90,000 b/d to 860,000 b/d year-on-year.
Global oil demand is expected to increase by 830,000 b/d in 2025, supported by an improving macroeconomic and trade environment, according to the International Energy Agency December Oil Market Monthly R...
