Industry news

Russia's offshore crude oil supply has not been affected by the attack on shipping in the southern Red Sea.

Angola's Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, announced that Angola would withdraw from the Organization of the Petroleum Exporting Countries (OPEC).

The North Sea Transitional Authority recently announced that it has approved the development plan for the Rosbank oilfield located in the Shetland Islands of Scotland.

Iraq's oil exports to Europe have significantly increased, reaching approximately $11 billion by the end of August.

Abu Dhabi National Oil Corporation (ADNOC) and American oil company Occidental have agreed to cooperate on carbon dioxide capture and storage (CCS) in the United Arab Emirates (UAE) and the United States.