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.
Thousands of Bulgarians took to the streets in Sofia and other major cities on Saturday to oppose the government’s plan to replace the lev with the euro, a key step in the country’s deeper integration into the European Union.
The European Commission is likely to give Bulgaria the green light on June 4 to adopt the euro currency from the start of 2026, several euro zone officials said, making Bulgaria the 21st country to join the single currency area.
Bulgarian President Rumen Radev and Japanese Prime Minister Shigeru Ishiba signed a declaration on upgrading bilateral ties to a strategic partnership during Radev’s official visit to Tokyo.
On the sidelines of the Istanbul Natural Resources Summit, Azerbaijan’s Minister of Energy, Parviz Shahbazov, held bilateral meetings with Bulgarian Energy Minister Zhecho Stankov and Romanian Energy Minister Sebastian-Ioan Burduja.
TF FEST 2025 opened Thursday in Plovdiv, Bulgaria, bringing together 116 student-run training companies from Bulgaria, Serbia, and Montenegro to showcase skills, compete, and connect with real businesses in a dynamic, interactive environment.
Türkiye’s first floating natural gas production platform, Osman Gazi, reached Filyos Port in Zonguldak on May 31.
Authorities in Whatcom County, Washington, issued a warning Friday after a truck carrying honey bee hives overturned near the Canadian border, initially prompting fears that millions of bees had been released.
German Chancellor Friedrich Merz will travel to Washington next week to meet U.S. President Donald Trump.
Landslides and flash floods caused by days of heavy monsoon rain have killed at least 22 people in India’s northeast, officials said.
Cambodian Prime Minister Hun Manet said Saturday that the border conflict with Thailand “must be resolved with patience and through legal and diplomatic channels.”
On May 28, the inauguration ceremony of Lachin International Airport was held.
A car drove into crowds of Liverpool fans celebrating the club’s Premier League title in the city centre on Monday evening, injuring dozens including 4 children. A 53-year-old man believed to be the driver was arrested at the scene.
EU ministers have greenlit a massive €150 billion defense investment fund—dubbed the Security Action for Europe (SAFE)—as the bloc ramps up its military readiness in response to Russia’s aggression and growing uncertainty over U.S. security guarantees.
Brazil’s economy is expected to have regained momentum in the first quarter of 2025, driven by a surge in household spending and private investment, according to a Reuters poll of economists conducted from May 21–26.
An international academic conference titled "Islamophobia: Exposing Prejudice and Destroying Stigma" has officially opened in the capital of Azerbaijan, bringing together global scholars, experts, and policymakers to address the rise and consequences of anti-Muslim discrimination.
Türkiye’s first floating natural gas production platform, Osman Gazi, reached Filyos Port in Zonguldak on May 31.
Authorities in Whatcom County, Washington, issued a warning Friday after a truck carrying honey bee hives overturned near the Canadian border, initially prompting fears that millions of bees had been released.
German Chancellor Friedrich Merz will travel to Washington next week to meet U.S. President Donald Trump.
Landslides and flash floods caused by days of heavy monsoon rain have killed at least 22 people in India’s northeast, officials said.
Cambodian Prime Minister Hun Manet said Saturday that the border conflict with Thailand “must be resolved with patience and through legal and diplomatic channels.”
Türkiye’s first floating natural gas production platform, Osman Gazi, reached Filyos Port in Zonguldak on May 31.
Authorities in Whatcom County, Washington, issued a warning Friday after a truck carrying honey bee hives overturned near the Canadian border, initially prompting fears that millions of bees had been released.
German Chancellor Friedrich Merz will travel to Washington next week to meet U.S. President Donald Trump.
Landslides and flash floods caused by days of heavy monsoon rain have killed at least 22 people in India’s northeast, officials said.
Cambodian Prime Minister Hun Manet said Saturday that the border conflict with Thailand “must be resolved with patience and through legal and diplomatic channels.”
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