LUKOIL, Gazprom’s JV Secures License for Vaneyvisskoye, Layavozhskoye Fields

Gazprom announced that it has transferred its subsoil use license for the area that includes the Vaneyvisskoye and Layavozhskoye fields to its joint venture (JV) with LUKOIL; Layavozhneftegaz LLC (LVNG LLC).  

Russia’s Novatek Acquires E&P Licenses for Two Subsoil Areas

Novatek company announced that it has acquired, through an auction, the geological survey, exploration, and production (E&P) licenses for two subsoil license areas including the Arkticheskoye and Neytinskoye fields on the Yamal Peninsula in the Yamal-Nenets Autonomous Region.

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

Global Petroleum announced that it received approval from Namibia’s Ministry of Mines and Energy to enter the next phase of its exploration license 94 in block 2011A.

Equinor Offered 2 Production Licenses in Barents Sea

The Equinor’s Ministry of Petroleum and Energy has offered two production licenses in the 25th license round in the Barents Sea.

EGAS Renews Initial Approvals for Gas Import Licenses

The Egyptian Natural Gas Holding Company (EGAS) has renewed the initial approvals for applications made by BB Energy Trading Company, TAQA Arabia, and Energy Fleet to obtain gas import licenses.

Cabinet Issues E&P Agreements Licenses

The Egyptian cabinet has issued a license to amend the exploration and production (E&P) agreement for the Ras Qattara Concession.

Gulfsands Awarded License Extension in Morocco

Gulfsands Petroleum plc has been awarded an extension to its Moulay Bouchta petroleum agreement in Morocco. The initial phase will now run for an extra year to June 2017.

Zambia Suspends Fuel Importation Licenses

Zambia’s Energy Regulation Board (ERB) has suspended fuel importation licenses for Oil Marketing Companies (OMCs) in public interest to allow for a smooth transaction before the Private Sector takes over the procurement of petroleum products.

Eni Acquires License for Ghana Offshore Oil&Gas Exploration

Italy’s Eni oil and gas company has been awarded an exploration license off the coast of Ghana. The new offshore licence, the Cape Three Points Block 4, in the prolific Tano basin, and it is expected to start producing oil in 2017 and gas the following year.

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