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Oil Slumps as US-Iran Reach Initial Peace Deal to Reopen Strait of Hormuz

Jun 15, 2026

Oil prices slipped to a three-month low on Monday after U.S. President Donald Trump and Iran's deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz.Brent crude futures LCOc1 fell $3…

JERA Takes Delivery of First LNG Cargo from Australia's Barossa Gas Project

Jun 12, 2026

JERA has received its first liquefied natural gas (LNG) cargo from the Barossa gas project in Australia, marking the start of LNG deliveries from the offshore development to Japan's largest power generation company.The cargo arrived aboard the…

TGS Books 3D Streamer Seismic Job in Africa and Middle East region

Jun 11, 2026

TGS has secured a streamer acquisition contract in the Africa and Middle East region for a 3D seismic survey campaign.The energy data and intelligence company said a 3D Ramform vessel is scheduled to begin acquisition work in early September 2026…

Current News

Searah Malaysia Starts Upstream Oil and Gas Operations

Searah Malaysia Starts Upstream Oil and Gas Operations

Inpex Starts Construction of Indonesia's Abadi LNG Project

Inpex Starts Construction of Indonesia's Abadi LNG Project

Hormuz Crossings Decline as US Renews Iran Blockade

Hormuz Crossings Decline as US Renews Iran Blockade

Oil Rises 2% as Middle East Hostilities Escalate

Oil Rises 2% as Middle East Hostilities Escalate

Sunda Energy Applies for Exploration Permit Offshore New Zealand

Sunda Energy Applies for Exploration Permit Offshore New Zealand

Unity Enters Asia-Pacific Market with Malaysia P&A Work

Unity Enters Asia-Pacific Market with Malaysia P&A Work

Oil Surges to Four-Week High as US-Iran Trade Blows

Oil Surges to Four-Week High as US-Iran Trade Blows

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