Approval | Egypt Oil & Gas

Ganope Targets EGP 4 Bn Revenue in FY 2026/27

South Valley Egyptian Petroleum Holding Company (Ganope) targets revenues exceeding EGP 4 billion and net profits surpassing EGP 1 billion in the fiscal year (FY) 2026/27, according to the company’s Chairman, As...

Basra Oil Company gains control over Lukoil’s West Qurna2 field

The Iraqi cabinet approved what it described as an “amicable settlement” with Russia’s Lukoil over the transfer of operations at the giant West Qurna 2 oil field to the state-run Basra Oil Company, Reuters reported, c...

EU Approves ADNOC’s €14.7 Bn Covestro Takeover

The European Commission (EU) has granted conditional approval for Abu Dhabi National Oil Company (ADNOC)’s landmark €14.7 billion acquisition of German plastics and chemicals manufacturer Covestro, Reuters reported. T...

Venture Global LNG to Commercialize its Louisiana Calcasieu LNG Plant

The US Venture Global LNG has received approval to commercialize the Calcasieu LNG plant in Louisiana after facing some legal and regulatory challenges between Venture Global and several of its customers. According to...

Enagas Receives Green Light to Develop Interconnection Pipeline for H2MED Hydrogen Project

Gas grid operator Enagas has received a preliminary approval to start developing the Spanish section of a planned trans-European hydrogen pipeline and related infrastructure projects. The Spanish government said on Tu...

Egypt’s Cabinet Approves Green Hydrogen, Energy Projects MoUs

The Egyptian Cabinet, chaired by Prime Minister Mostafa Madbouly, has approved several memoranda of understanding (MoUs) on green hydrogen and energy projects. One of the MoUs is mainly about technical cooperation bet...

Neptune Energy Receives Approval to Raise Production at Römerberg Field

Neptune Energy announced that it has received approval from the State Mining Authority for Rhineland-Palatinate to raise its production limit at its operated Römerberg oil field in the Rhine Valley, southwestern Germa...

Egyptian Cabinet Assigns North East Offshore Arish Concession to EGAS, Eni

The Egyptian Cabinet has granted the initial approval to assign the Northeast Offshore Arish concession to Egyptian Natural Gas Holding Company (EGAS) and Eni for oil and natural gas exploration. The decision came as ...

ExxonMobil’s Fourth Project in Guyana Receives Approval

ExxonMobil is set to start work on its fourth project in Guyana, which got approval from the South American country’s Environmental Protection Agency, Reuters reported. ExxonMobil will now have the required cons...

Namibia Greenlights Global Petroleum to Commence Next Phase of its License 94

Global Petroleum announced that it has received an approval from Namibia’s Ministry of Mines and Energy to enter  into the next phase of its exploration license 94 in block 2011A, a press release issued by the company...

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