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Bulgaria inks an agreement with Shell for deepwater oil and gas exploration

Bulgaria signed a deal with Royal Dutch Shell on Tuesday to explore for oil and gas in an offshore block in the Black Sea in a bid to end its almost total reliance on Russian natural gas.

read more... 24/02/2016


Bulgaria and Greece ink agreement to begin constructing gas pipeline

Bulgaria and Greece on Thursday inked a final investment deal to construct a natural gas pipeline to aid Sofia reduce its almost complete dependence on Russian gas supplies.

read more... 11/12/2015


Bulgaria supports Nord Stream gas expansion

Bulgarian Prime Minister Boiko Borisov declared on Monday his government backed Russia's plans to expand its gas connection to Germany.

read more... 01/12/2015


Shell will search for oil and gas in block offshore Bulgaria

Bulgaria has chosen Royal Dutch Shell to perform deepwater oil and gas exploration off its Black Sea coast and intends to ink an agreement by the end of October, expecting that the project will aid reduce its dependence on imports from Russia.

read more... 30/09/2015


Bulgaria authorizes electricity price cut deal with ContourGlobal

Bulgaria's energy regulator on Thursday approved the electricity acquirement deal between U.S. power firm ContourGlobal and the Balkan country's public electricity supplier NEK.

read more... 28/08/2015