20 March 2026
20 March 2026
While increased US pressure and presence in the country are making foreign companies more open to returning, many uncertainties remain.
The strikes reduced the country’s LNG export capacity by around 17%, severely disrupting supplies to European and Asian markets.
By 07:30 GMT, Brent had fallen by 0.4% to $108.26/bbl, while WTI dropped 0.9% to $95.27/bbl.
MidOcean Energy aims to continue capital-raising efforts with the intention of reaching a cumulative $2bn target from new investors.
The projects aim to produce up to 2bscf/d of gas and 90,000bpd of condensate at peak capacity.
The analysis will evaluate the potential impacts of well stimulation treatments including hydraulic fracturing, as part of drilling activities.
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