Shell has signed a deal with Bulgaria to explore 4,000 sq km in the Black Sea for oil and gas, as Sofia seeks to diversify energy sources. The move follows a similar agreement with OMV Petrom and NewMed Energy last month.
Shell has signed an agreement with Bulgaria’s government granting it exploration rights for oil and gas in the Black Sea. The deal covers 4,000 square kilometres within the Block 1-26 Khan Tervel area.
“This contract marks a key step in unlocking the deep Black Sea’s potential as a future gas source,” said Bulgaria’s Energy Minister, Zhecho Stankov.
The move supports Bulgaria’s ongoing efforts to diversify its energy sources. The country, once fully reliant on Russian gas until 2022, is now looking for more affordable and secure alternatives.
Shell’s Executive Vice President of Exploration, Eugene Okpere, stated that the company’s first priority is to begin seismic surveys safely to assess the field’s gas potential.
This agreement follows a similar contract last month, where OMV Petrom and NewMed Energy partnered with Bulgaria to explore another area off the Black Sea coast.
Bulgaria's first F-16 has landed at the third fighter air Base in Graf Ignatievo, marking a significant milestone in a transformative upgrade in Bulgaria’s aerial warfare capabilities and replace the ageing fleet of Russian-made combat aircrafts
The Bulgarian government, headed by Rosen Zhelyazkov, overcame a no-confidence vote initiated over its foreign policy.
Thousands of protesters clashed with police outside an EU mission building in Sofia on Saturday, opposing Bulgaria's planned adoption of the euro in 2024.
Kazakhstan and Bulgaria expand trade and investment ties as bilateral trade surges, with KazMunayGas eyeing a Bulgarian refinery acquisition.
The United States is preparing to consolidate its military footprint in Syria, with officials signalling a potential drawdown of up to half its troops in the coming months.
The Trump administration has approved the emergency transfer of nearly 110,000 acres of federal land along the U.S.-Mexico border to the Army, in a move aimed at tightening border security.
The United States is lifting sanctions on a senior Hungarian official, in a move that signals warming ties between Washington and Budapest under President Donald Trump.
With centuries of silence behind them and global momentum finally on their side, Caribbean leaders say the time for polite conversations about slavery reparations has passed, and, the era of demands has begun.
UK Business Secretary Jonathan Reynolds has suggested that the government may consider Chinese investment in British Steel, but he emphasized that any such bids would be subject to thorough scrutiny, particularly due to national security and economic concerns.
A small plane crashed near Kopake, New York, on April 13, killing at 6 people. The Mitsubishi MU-2B aircraft, carrying six people, went down under unclear circumstances. This marks the second aviation accident in New York in a week, raising safety concerns.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 10th, covering the latest developments you need to know.
The death toll from the catastrophic roof collapse at a nightclub in Santo Domingo has risen to 98, with more than 160 people injured, according to Dominican authorities.
A quiet Thursday afternoon at St. Peter’s Basilica turned into something extraordinary, as visitors caught a rare glimpse of Pope Francis — not in his familiar white papal robes, but dressed in black trousers and a striped blanket.
In a dramatic about-face, U.S. President Donald Trump on Wednesday announced a 90-day pause on newly implemented tariffs for dozens of countries — a move that eased market turmoil but further escalated tensions with China.
The United States is preparing to consolidate its military footprint in Syria, with officials signalling a potential drawdown of up to half its troops in the coming months.
The Trump administration has approved the emergency transfer of nearly 110,000 acres of federal land along the U.S.-Mexico border to the Army, in a move aimed at tightening border security.
The United States is lifting sanctions on a senior Hungarian official, in a move that signals warming ties between Washington and Budapest under President Donald Trump.
With centuries of silence behind them and global momentum finally on their side, Caribbean leaders say the time for polite conversations about slavery reparations has passed, and, the era of demands has begun.
UK Business Secretary Jonathan Reynolds has suggested that the government may consider Chinese investment in British Steel, but he emphasized that any such bids would be subject to thorough scrutiny, particularly due to national security and economic concerns.
The United States is preparing to consolidate its military footprint in Syria, with officials signalling a potential drawdown of up to half its troops in the coming months.
The Trump administration has approved the emergency transfer of nearly 110,000 acres of federal land along the U.S.-Mexico border to the Army, in a move aimed at tightening border security.
The United States is lifting sanctions on a senior Hungarian official, in a move that signals warming ties between Washington and Budapest under President Donald Trump.
With centuries of silence behind them and global momentum finally on their side, Caribbean leaders say the time for polite conversations about slavery reparations has passed, and, the era of demands has begun.
UK Business Secretary Jonathan Reynolds has suggested that the government may consider Chinese investment in British Steel, but he emphasized that any such bids would be subject to thorough scrutiny, particularly due to national security and economic concerns.
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