(Bloomberg) – Despite the exodus of almost every Western oil company, Russia can maintain crude oil production longer than many expect, according to S&P Global Vice Chairman Dan Yergin. “There’s going to be a decline but it’s going to be a slower decline,” Yergin told Bloomberg TV at the CERAWeek by S&P Global conference in Houston...

The Independent Petroleum Association of America (IPAA) is supportive of multiple House bills that will be marked up in hearings in the Energy and Commerce Committee and the House Natural Resources Committee. In the Energy and Commerce Committee, IPAA supports the “Protecting American Energy Production Act” sponsored by Congressman Duncan (R-SC...

(WO) – North Sea flaring has been cut in half following four consecutive years of reductions driven by tough measures to make UK oil and gas production cleaner, new analysis shows. Offshore flaring fell again in 2022, by 13% to 22 Bcf of gas, contributing to a total decrease of 50% since 2018, when volumes totaled 44 Bcf. Last year’s redu...

(WO) – Global controls technology company Proserv has signed a fresh agreement with Intelligent Plant, the Aberdeen based software engineering firm and data analytics experts. The new arrangement extends a previous alliance announced in late 2020. Proserv and Intelligent Plant agreement - Davis Larssen (L) and Steve Aitken (R) That tie-up fi...