Business » Energy

Pre-Tax Profit of Bulgarian Energy Holding Down 36.6% in 2014

The pre-tax profit of the Bulgarian Energy Holding (BEH) plummeted by 36.6% on an annual basis in 2014, according to a financial report of the company.

Business » Energy | May 9, 2015, Saturday // 12:15 | Viewed: 1209

Anadarko to Compete with Exxon Mobil Over Bulgarian Gas, Oil Expolration

One more company has expressed an interested in the gas and oil exploration opportunity now opening along the Bulgarian Black Sea coast.

Business » Energy | May 6, 2015, Wednesday // 17:05 | Viewed: 4011

European Commission Urges Southeastern Europe to Build More LNG Terminals

The European Commission has recommended that Southeastern European countries strive to build LNG terminals to avoid gas supply disruptions and to boost energy security.

Business » Energy | May 5, 2015, Tuesday // 12:43 | Viewed: 1865

Exxon Mobil Shows Interest in Black Sea Oil Exploration Opportunity

Exploration Manager Europe and Caspian at ExxonMobil, Stacey Weltmer has stated that the company is very much interested in winning a tender for oil and shale gas exploration mission in Bulgaria.

Business » Energy | May 5, 2015, Tuesday // 11:26 | Viewed: 2176

Bulgaria’s Kozloduy NPP Reports Profit of BGN 63.3 M for Q1, 2015

Bulgaria’s Kozloduy nuclear power plant has reported a profit of BGN 63.3 M for the first quarter of 2015, according to an analysis of the company’s activity and financial condition in the first three months of the year.

Business » Energy | May 5, 2015, Tuesday // 10:30 | Viewed: 1183

Bulgartransgaz to Open Bids for Interconnector Turkey –Bulgaria on May 8

Bids for the public procurement procedure for the feasibility study for the Interconnector Turkey –Bulgaria (ITB) will be opened on May 8, according to the Public Procurement Agency.

Business » Energy | May 4, 2015, Monday // 14:46 | Viewed: 1856

Requests for Increasing Electricity, Heating Prices Are Unfounded – Bulgaria’s Deputy PM

There is no reason for an increase in electricity prices or heating rates, according to Bulgaria’s Deputy Prime Minister Tomislav Donchev.

Business » Energy | May 4, 2015, Monday // 11:41 | Viewed: 1356

Bulgaria to Advertise Black Sea Gas Deposits in US

Delyan Dobrev, head of the parliamentary energy committee, will present Monday in Houston opportunities for oil and gas drilling in Bulgaria’s Black Sea exploration blocks to leading US and international companies.

Business » Energy | May 4, 2015, Monday // 09:40 | Viewed: 1679

Bulgaria Energy Utilities Seek Sharp Price Hikes from July

Bulgarian power distributors and heating utilities are seeking double-digit hikes in prices for end consumers from July, Nova TV reported on Thursday.

Business » Energy | April 30, 2015, Thursday // 22:08 | Viewed: 1886

Iran Tabled Rebirth of Nabucco at Meeting with Bulgaria PM, Ambassador Says

Iran put forward a revival of Nabucco project during recent talks with Bulgaria's Prime Minister and other officials, the country's Ambassador to Sofia has said.

Business » Energy | April 30, 2015, Thursday // 17:16 | Viewed: 5472

'Bulgaria's Lavish Red-Carpet Welcome to Iran's Gas'

A closed-door meeting was held between Bulgarian Prime Minister Boyko Borisov and Iran's Ambassador Abdollah Norouzi in the Bulgarian capital Sofia, an Iranian news outlet has claimed.

Business » Energy | April 27, 2015, Monday // 10:02 | Viewed: 2016

Bulgaria Has Received No Notice of Termination for South Stream Yet - Minister

Bulgaria has received no notice of termination for the South Stream gas pipeline project so far, according to Energy Minister Temenuzhka Petkova.

Business » Energy | April 25, 2015, Saturday // 14:05 | Viewed: 1968

Local Production Can Bring About 35% Reduction in Gas Prices – Deputy Energy Minister

Zhecho Stankov, Deputy Energy Minister, has said that Bulgaria expects gas prices to drop by 35% from the current rate over the next few years due to the development of local deep water oil and gas blocks in the Black Sea.

Business » Energy | April 23, 2015, Thursday // 12:20 | Viewed: 2228

Nord Pool Spot to Operate Bulgaria's Energy Exchange

Nord Pool Spot, the energy exchange running Europe's largest electricity market, signed Wednesday an agreement also to manage activity at IBEX, the Independent Bulgarian Energy Exchange.

Business » Energy | April 22, 2015, Wednesday // 21:53 | Viewed: 1413

Bulgaria-Greece Gas Link to Be Ready by end-2018

Construction of the gas interconnection grid between Bulgaria and Greece will begin in March 2016 and will be completed by the end of 2018, Bulgaria's Energy Minister has said.

Business » Energy | April 22, 2015, Wednesday // 15:41 | Viewed: 2267

Bulgaria to Host Trilateral Talks on Vertical Gas Corridor with Greece, Romania

Bulgaria is to host on Wednesday a trilateral working meeting on the construction of a vertical gas corridor with Romania and Greece.

Business » Energy | April 22, 2015, Wednesday // 08:36 | Viewed: 1862

EC Vice President Sefcovic: EU Wants Transparency, Secure Energy Supplies

European Commission Vice President Maros Sefcovic has said that the EU pays a lot for energy supplies and expects to be treated as a major customer.

Business » Energy | April 21, 2015, Tuesday // 08:48 | Viewed: 1455

Bulgaria Launches Tenders for Oil, Gas Exploration Rights at Silistar, Teres Blocks

The tenders for oil and natural gas exploration rights for Block 1-14 Silistar and Block 1-22 Teres, two exploration blocks located in Bulgaria's Black Sea continental shelf and exclusive economic zone, are underway.

Business » Energy | April 20, 2015, Monday // 17:40 | Viewed: 1862

Bulgaria Set to Open Soon Licensing Round for Black Sea Oil, Gas - Reuters

Bulgaria, which aims to reduce its almost total dependence on Russian gas supplies, will soon publish details of a licensing round to open the Silistar and Teres oil and gas blocks in the Black Sea, a senior government official has said.

Business » Energy | April 15, 2015, Wednesday // 19:25 | Viewed: 1681

Turkish Stream Route Might Be Extended - Russia Energy Min

Greece, Macedonia, Sergia, Hungary and Austria might be included into the route of the so-called "Turkish Stream" pipeline project, Russian Energy Minister Alexander Novak has said.

Business » Energy | April 15, 2015, Wednesday // 11:22 | Viewed: 2995

Bulgaria's Energy Minister Mulls Levying Energy Exports

Electricity generated for exports and for the domestic market should be equally levied with the "liabilities to society" tax, Bulgarian Energy Minister Temenuzhka Petkova has said.

Business » Energy | April 14, 2015, Tuesday // 12:01 | Viewed: 1456