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Oil Drops to 3-Month Low as US-Iran Deal Signals Supply Return

Jun 18, 2026

Oil prices fell by more than $2 per barrel on Thursday after the U.S. and Iran signed an interim agreement that would end the Iran war, reopen the Strait of Hormuz and waive U.S. sanctions on Tehran's oil, boosting the oil supply outlook.Brent crude futures LCOc1 were down $2…

EnerMech Completes Offshore Pipeline Campaign in Australia's Bass Strait

Jun 17, 2026

EnerMech has completed an offshore cleaning and preparation campaign on the Bass Strait pipeline system in Australia's Gippsland Basin, supporting offshore assets operated by Esso Australia Resources, a wholly owned subsidiary of ExxonMobil…

Current News

QatarEnergy Prolongs LNG Force Majeure, Charters Out Tankers

QatarEnergy Prolongs LNG Force Majeure, Charters Out Tankers

Chevron Enlists Velesto’s Jack-Up Rig for Drilling Job off Malaysia

Chevron Enlists Velesto’s Jack-Up Rig for Drilling Job off Malaysia

ABL Gets Papua New Guinea FSO Job

ABL Gets Papua New Guinea FSO Job

Energean Lifts Karish Fields FPSO Oil Processing Capacity

Energean Lifts Karish Fields FPSO Oil Processing Capacity

Oil Rises on Dual Shipping Threat in Hormuz and Red Sea

Oil Rises on Dual Shipping Threat in Hormuz and Red Sea

ADNOC Approves $6.2B Offshore Umm Shaif Gas Project

ADNOC Approves $6.2B Offshore Umm Shaif Gas Project

Velesto Frees Up Drilling Rig After Early Contract Termination off Indonesia

Velesto Frees Up Drilling Rig After Early Contract Termination off Indonesia

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