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.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 10th of December, covering the latest developments you need to...
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The United Nations Security Council has issued warnings about the rapidly worsening humanitarian crisis in Ukraine, citing a sharp surge in civilian c...
Ukrainian President Volodymyr Zelenskyy said on Tuesday he was prepared to hold elections within three months if the U.S. and Kyiv's other allies coul...
Bulgaria’s President Rumen Radev has said the government’s resignation is “inevitable” and called for early elections following mass protests over budget policies and allegations of corruption.
Tensions surrounding Bulgaria’s imminent entry into the Eurozone boiled over into violence on Monday, as security forces struggled to contain angry demonstrations across the country just weeks before the currency switch.
Thousands of Bulgarians took to the streets of Sofia on Wednesday to protest against the government’s draft budget for 2026, the first to be prepared in euros ahead of the country’s planned eurozone entry on 1 January 2026.
The United States plans to cut the number of troops stationed on Europe's eastern flank, including soldiers who were to be stationed at Romania's Mihail Kogalniceanu air base.
Authorities in Japan lifted all tsunami warnings on Tuesday following a strong 7.5-magnitude earthquake that struck off the northeastern coast late on Monday, injuring at least 30 people and forcing around 90,000 residents to evacuate their homes.
Scores of demonstrators gathered outside the Norwegian Nobel Institute in Oslo Tuesday (9 December) to protest against the awarding of this year’s Nobel Peace Prize to Venezuelan opposition leader Maria Corina Machado.
Pressure is mounting between Venezuela and the United States as both nations emphasise military preparedness and strategic positioning.
Tehran has protested to Washington because of the travel ban on its football team delegation as well as Iranian fans who would like to travel to the United States for the upcoming World Cup matches in 2026.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 10th of December, covering the latest developments you need to know.
The world’s leading minds and voices will be honoured on Wednesday, 10 December, the anniversary of Alfred Nobel’s death, as Nobel Prizes are presented in Stockholm and Oslo.
Heavy artillery fire and deadly skirmishes have shattered a fragile ceasefire agreement along the disputed frontier between Southeast Asian neighbours Thailand and Cambodia, forcing massive evacuations of people to safety and drawing urgent calls for de-escalation from the international community.
The United Nations Security Council has issued warnings about the rapidly worsening humanitarian crisis in Ukraine, citing a sharp surge in civilian casualties amidst Russia's intensified aerial attacks, marking the deadliest period of the war in more than a year.
Ukrainian President Volodymyr Zelenskyy said on Tuesday he was prepared to hold elections within three months if the U.S. and Kyiv's other allies could ensure the security of the vote.
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