Shell has signed a five-year exploration contract in Bulgaria's Black Sea. The firm plans to invest about US$20.5 million to explore gas and oil deposits in the Silistar block, including seismic surveys, Energy Minister Temenuzhka Petkova told reporters in Sofia Tuesday…
Romanian gas producer Romgaz and its partners are to drop their EX29 Est Rapsodia Block in the Black Sea, offshore Romania, following exploration results. Romgaz, with partners Lukoil Overseas Atash and PanAtlantic Petroleum, had signed two concession agreements…
The Bulgarian Ministry of Energy awarded Shell E&P a permit for deepwater exploration of oil and natural gas in Blocks 1-14 Silistar in the Black Sea, according to Energy Minister Temenuzhka Petkova. Image from Shell…
Sterling Resources transferred its 40% interest in Block 27 Muridava in the Romanian Black Sea, held by its wholly-owned subsidiary Midia Resources SRL, to Petroceltic's Romanian subsidiary. Approval of the transaction has been received…
Saipem reports that it has received notice that its client, South Stream Transport BV, which is controlled by Gazprom, is lifting the suspension of work under the contracts, and that Saipem should commence work on the offshore pipeline in the Black Sea…again…
Activity in the Black Sea is set to ramp up this year as oil firms eyes deepwater prospects and move to exploit resources like the significant Domino discovery, according to oil and gas analysts Wood Mackenzie. The firm, which has been…
ExxonMobil started drilling the Pelican South-1 well, its third and latest prospect in the Neptun Block off Romania in the Black Sea. Pelican South-1 is being drilled by Diamond Offshore's ultra-deepwater semisubmersible Ocean Endeavor about 155km offshore…
Dubai-based Dragon Oil is in negotiations with Dublin-based Petroceltic International to consider an all-cash offer for the issued share capital of Petroceltic. Petroceltic's GSP Prometeu drilling rig operating off of Romania…
OMV Petrom has made an oil discovery in an exploration well drilled in the Istria XVIII offshore Perimeter (shallow water) in the Romanian Black Sea. Marina 1 was drilled 60km offshore, to a depth of about 2150m below the seabed in about 50m water depth…
Petroceltic International's Muridava-1 exploration well on the Muridava (EX-27) license in the Romanian Black Sea has been plugged and abandoned after failling to find commercial hydrocarbons. The well, spudded on April 11 and drilled to 2747m total depth…
UK-based Sterling Resources completed 800sq km of new 3D seismic in the Romanian Black Sea. The company's 1Q result, issued yesterday, discusses three major milestones in derisking its Romanian assets: - In early February, Sterling…
OMV and its partners have announced the completion of the largest 3D seismic survey in the Black Sea. The survey, covering 7740sq km, in the 1-21 Han-Asparuh block,offshore Bulgaria, is also OMV's largest survey. Interpretation of…
Petroceltic International has said its Cobalcescu South-1 exploration well in the Romanian Black Sea will be plugged and abandoned as non-commercial. The well was designed to test a prospect located in the southwestern part of the Est Cobalcescu (Block EX-28…
Petroceltic International has launched drilling campaigns offshore Romania and in Kurdistan. The Romanian campaign, in the Black Sea, started with the spudding of the Cobalcescu South exploration well using the GSP Prometeu jack-up drill rig…
Oilfield activity in the Mediterranean region was disrupted by extreme political events last year across northern Africa. The ‘Arab Spring’ revolutions in Egypt, Libya, and Tunisia, as well as the continuing conflict in Syria shut down most non-essential activity…
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