Moscow: Ukrainian Shell Hit Russian Border Crossing
A shell fired from Ukraine hit the Federal Security Service's border post in Rostov, the Federal Security Service's (FSB) border service said on Monday.
Shell Exploration and Production (LIX) B.V. has been awarded a permit for the prospection and exploration of oil and natural gas at Bulgaria’s Black Sea Silistar Block 1-14, according to an announcement of Energy Minister Temenuzhka Petkova.
Shell is to invest EUR 18.6 M, VAT excluded, in the exploration activities and to pay EUR 4.9 M, VAT excluded, to the state in the form of a bonus upon the signing of the agreement.
The proposed work program of the company includes 2-D and 3-D seismic surveys and measures to protect the environment, human health, and cultural property, according to a media statement of the Energy Ministry.
Royal Dutch Shell Plc, the parent company of Shell Exploration and Production (LIX) B.V., has been a leader in the sphere of deep-sea exploration and production for around 30 years and has completed over 20 deepwater projects.
The contract on the prospection and exploration of oil and natural gas at Bulgaria’s Black Sea Silistar Block 1-14 may be signed in a month, after the government approves it and authorizes the Energy Minister to conclude it.
The exploration activities at Silistar are part of the government’s efforts to increase domestic production, thereby guaranteeing energy security and independence.
Prime Minister Rosen Zhelyazkov has reaffirmed that the “Balkan Stream” pipeline remains a functional and commercially viable energy project
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From July 1, 2025, electricity and thermal energy prices in Bulgaria are set to increase
From July 1, 2025, Bulgarian households are expected to see an average increase of just under 5% in their electricit
Since its commercial launch at the end of 2022, the Greece–Bulgaria gas interconnector (IGB) has transported more than 34.5 million MWh of natural gas
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