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DUBAI: Bahrain on Sunday announced it has discovered the largest oil and gas field in the history of the small kingdom, which unlike its Gulf neighbours is not energy-rich.
Authorities estimate the newfound reserves at “many times” the volume of Bahrain’s only other known oil field, the state-run BNA news agency said.
BNA did not give details on the size of the new light shale oil and gas find or on the expected date of the start of production.
Manama is the smallest producer of hydrocarbons in the Gulf Cooperation Council (GCC), which also groups Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
Bahrain currently has only one oilfield with several hundred million barrels of crude reserves.
The field was the first to be discovered in the Gulf and the first to start production.
It currently pumps around 50,000 barrels per day (bpd), in addition to over one billion cubic feet (28 million cubic metres) of natural gas daily.
The kingdom, which raises around 80 percent of its revenues from oil, receives another 150,000 bpd from the Abu Safa oilfield which it shares with Saudi Arabia.
Two Greek-managed oil tankers were struck by drones on Tuesday near the Caspian Pipeline Consortium (CPC) terminal in the Black Sea, which handles roughly 80% of Kazakhstan’s oil exports
US President Donald Trump provided an update on Venezuela’s oil shipments during a press briefing aboard Air Force One on Sunday.
A pilot project is underway on the farm of rose producer Dancho Petkov in Panicherevo, aiming to test new ecological methods for weed control in organic rose cultivation
American energy companies Chevron and Quantum Capital Group are reportedly preparing a USD22 billion bid to acquire the sanctioned Russian oil giant Lukoil
Hungarian Prime Minister Viktor Orban said that the latest developments in Venezuela could have a positive effect on global energy markets, according to remarks cited by Reuters.
Serbia’s only operational oil refinery, located in Pančevo, has ceased production and shifted to so-called “warm circulation”
American energy companies Chevron and Quantum Capital Group are reportedly preparing a USD22 billion bid to acquire the sanctioned Russian oil giant Lukoil
The first shipment of liquefied natural gas from the United States intended for Bulgaria in 2026 has already reached the LNG terminal in Alexandroupolis
From today, January 1, 2026, natural gas in Bulgaria becomes 3.3 percent cheaper, with the new price set at 31.15 euros, or approximately 61 leva, per megawatt-hour,
Bulgargaz has submitted a proposal for the price of natural gas in January, setting it at 60.93 BGN per MWh, which equals 31.15 EUR per MWh, excluding charges for access, transmission, excise duties, and VAT.
The upcoming year promises to be decisive for Bulgaria’s energy sector, determining whether the country will secure a strong position within Europe’s evolving energy and industrial framework or remain on the periphery
Bulgaria has offered to provide fuel oil to the Republic of North Macedonia after confirming that it holds sufficient reserves to meet domestic needs, according to the government press service.
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