Romania Gets Ahead of Bulgaria Again: PM Expects Visa-Free Travel to US by October
Romanian Prime Minister Marcel Ciolacu has announced that Romanians will likely no longer require visas to travel to the United States by October of this year
ExxonMobil Exploration and Production Romania Ltd. and OMV Petrom SA have made a potentially significant gas discovery in the Black Sea, offshore of Romania.
"The exploration well encountered 70.7 meters of net gas pay, resulting in a preliminary estimate for the accumulation ranging from 1.5 to 3 trillion cubic feet (42 to 84 billion cubic meters)," OMV said in a statement on Wednesday, as cited by Bloomberg.
"This may be the biggest find in OMV's history," Chief Executive Officer Gerhard Roiss told reporters in Vienna.
The Domino-1 well, which is operated by the Exxon unit, is located in the Neptun Block, 170 kilometers offshore in water about 1,000 meters deep.
Drilling operations started at the end of 2011 and the total depth of the well is expected to be more than 3,000 meters below sea level. OMV Petrom (SNP) and Exxon each hold 50 percent in the well.
It is too early in the data evaluation and exploration process to determine whether the Neptun block will ultimately prove to be commercially developable or not. The potential for first production is towards the end of the decade at the earliest, according to OMV.
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During a briefing at the Ministry of Energy, it was revealed that Bulgargaz intends to pursue legal action against Gazprom Export, seeking damages amounting to BGN 400 million
"Toplofikatsia Sofia," the capital's heating supply company, has proposed a significant reduction in the price of thermal energy starting from July 1st
The Kozloduy Nuclear Power Plant (NPP) in Bulgaria is set to embark on a significant transition as it begins the process of replacing Russian nuclear fuel with American fuel from Westinghouse
Bulgargaz, the leading public gas supplier in Bulgaria, anticipates a notable decrease in the price of natural gas for the upcoming month of May. According to Lyudmila Vitanova
Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU