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.
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A state of emergency in 26 settlements in Bulgaria has been declared after heavy rainfall caused flooding in Krumovgrad in southern Kardzhali province, pushing the Krumovitsa River close to overflowing.
Bulgaria marked its entry into the euro zone on Thursday with a display of euro coins on the front of the central bank in the capital, Sofia.
Bulgaria is preparing to replace its national currency, the lev, with the euro on 1 January, a long-awaited move welcomed by businesses but viewed with scepticism and anger by some citizens.
Thousands of Bulgarians took to the streets on Thursday evening to protest against the outgoing government, demanding fair elections and judicial reforms to address what they describe as widespread corruption.
Open-source intelligence (OSINT) sources reported a significant movement of U.S. military aircraft towards the Middle East in recent hours. Dozens of U.S. Air Force aerial refuelling tankers and heavy transport aircraft were observed heading eastwards, presumably to staging points in the region.
Snow and ice stalled travellers in northwest Europe on Wednesday, forcing around a thousand to spend the night in Amsterdam's Schiphol airport but delighting others who set out to explore a snow-blanketed Paris on sledges and skis.
Diplomatic tensions between Tokyo and Beijing escalated as Japan slams China's export ban on dual-use goods. Markets have wobbled as fears grow over a potential rare earth embargo affecting global supply chains.
Two people have been killed after a private helicopter crashed at a recreation centre in Russia’s Perm region, Russian authorities and local media have said.
Iran’s chief justice has warned protesters there will be “no leniency for those who help the enemy against the Islamic Republic”, as rights groups reported a rising death toll during what observers describe as the country’s biggest wave of unrest in three years.
Iran’s Commander-in-Chief of Army, Major General Amir Hatami has warned against hostile rhetoric from U.S. and Israeli officials. “Iran considers the intensification of the enemies' rhetoric against the Iranian nation as a threat and will not leave its continuation unanswered,” Hatami said.
Türkiye says it's prepared a self-sustaining international stabilisation force for Gaza and has already begun training, Defence Minister Yaşar Güler said, reiterating Ankara’s readiness to deploy troops to support humanitarian efforts and help end the fighting.
Turkish President Recep Tayyip Erdogan has dismissed reports that Nicolas Maduro, Venezuela’s toppled leader, was previously offered asylum in Türkiye. “We have not received any such news,” Erdogan was quoted as saying by local media after a Cabinet meeting held Wednesday in Ankara.
Former NATO Deputy Secretary-General Rose Gottemoeller has warned that Europe could face a future without U.S. nuclear deterrence.
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