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natural gas exploration

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Igoumenitsa logistics base selected for Greece’s offshore Block 2 exploration drilling

Port role in Block 2 drilling campaign The Greek port of Igoumenitsa has been selected as the logistics base for planned exploration drilling in offshore...

Bulgaria, Petroceltic’s offshore concession extended by 15 years

Bulgarian caretaker Government announced that it has extended the concession for natural gas offshore block Kavarna East in the Black Sea held by Petroceltic...

Greece, ExxonMobil could start drilling off Crete a year earlier

According to the Greek Hydrocarbon Management Company (EDEY), US giant ExxonMobil could begin drilling at its licenses offshore Crete a year earlier than planned...

Bulgaria, Court has overturned the previous court ruling banning natural gas exploration activities

Bulgarian Supreme Administrative Court announced that it has overturned the previous court ruling banning natural gas exploration activities in Dobrich region in northeastern Bulgaria. The...

Bulgaria, Ministry of Energy said that it has extended by two years the oil and natural gas exploration permit

Bulgarian Ministry of Energy said that it has extended by two years the oil and natural gas exploration permit for the 1-21 Khan Asparuh...

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TDI financing for 58 MW Iratoșu solar plant in western Romania

TDI Renewables has secured €25.5 million in financing from Raiffeisen Bank International for its 58 MW Iratoșu solar power plant in western Romania. The...

Nuclearelectrica revises 2026 outlook as Cernavoda outages drive replacement power costs

Romanian nuclear producer Nuclearelectrica has reduced its forecast for 2026 net profit by 42.9% to €221 million. The company attributed the change to prolonged...

MMK Vilusi requests environmental screening for 35 MW solar plant in Nikšić

MMK Vilusi has applied for environmental screening for a 35 MW solar power project in western Montenegro, with the development planned for the Nikšić...

North Macedonia extends oil-supply emergency framework to April 2027

North Macedonia has prolonged its oil-supply emergency framework, with the country’s parliament extending the measure until April 20, 2027. The extension keeps government powers...