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Safelift secures contract renewal with TECA amid continued growth

Offshore Energies UK

Combined with a new contract win for Safelift’s Offshore division, the agreements are worth over £800,000 in revenue for the business. Steve Morrison, Deputy Operations Technical Manager at P&J Live, commented: “We are thrilled to announce Safelift as our Lifting Inspection partners for another 3 years.

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Rig Count Falls to 563 – Oil Rigs Down, natural gas rigs posted a slight gain – Baker Hughes

Oil Gas Leads

Here is a summary of the U.S. rig count changes based on your update: National Overview Total U.S. Here is a summary of the U.S. rig count changes based on your update: National Overview Total U.S.

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Largest Weekly Oil Rig Drop Since 2023 – Baker Hughes

Oil Gas Leads

million bpd ( from 6.57 million bpd in March) Macro Commentary This marks the third consecutive weekly decline in rig activity, driven by oil price pressures and a strategic shift by operators toward shareholder returns over production growth.

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Rig Activity Down, Production Up – May Rig Count Recap – Baker Hughes

Oil Gas Leads

Rig Count Drops Again But Production Still Forecast to Rise For the week ending May 16: U.S. bpd in 2024 to 13.4M bpd in 2025 Gas production: Expected to increase to 104.9 bpd in 2024 to 13.4M bpd in 2025 Gas production: Expected to increase to 104.9

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U.S. Rig Count Rises – Baker Hughes

Oil Gas Leads

Overall Rig Count : Total U.S. rig count held relatively steady this week, with only a modest overall decline.

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U.S. Rig Count Rises — Utica Shale Leads Gains – Baker Hughes

Oil Gas Leads

million bpd in 2025 , even with falling spot prices.

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US Rig Count Steady at 592, Oil Up 1, Gas Down 1 – Baker Hughes

Oil Gas Leads

However, industry leaders at CERAWeek warn that infrastructure constraints could pose long-term challenges. crude production to hit record highs for the next two years before plateauing later in the decade.

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