Wednesday, August 12, 2026

Bulgaria signs deal with Shell for deepwater oil and gas exploration

From Reuters: Bulgaria sealed 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 dependence on Russian natural gas. Shell won a tender for a five-year permit for deepwater exploration at the 1-14 Silistar block that covers 7,000 square km