Shale Gas: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

Bulgaria Cancels Chevron Shale Gas Permit

Source: Reuter 1/17/2012, Location: Europe

Share |

The Bulgarian government, preparing a full ban on shale gas drilling due to environmental concerns, on Tuesday cancelled a exploration permit for the unconventional energy source that it granted to U.S. energy major Chevron in June. The centre-right government decided Chevron can still prospect for oil and gas in northeastern Bulgaria but only by using conventional drilling techniques and not hydraulic fracturing, which involves injecting water mixed with sand and chemicals at high pressure into shale formations.

"The idea is that they can still have the right to test for oil and gas, but without using the controversial technology hydraulic fracturing," Economy and Energy Minister Traicho Traikov told reporters after a cabinet meeting.

Traikov said Chevron had not been informed and talks with the company were pending. The decision comes a day before the parliament debates a total ban on hydraulic fracturing, or fracking, in the Balkan country and its Black Sea territorial waters - a proposal drafted by the ruling GERB party which is expected to be passed. The government in June granted a 5-year permit to Chevron to prospect for shale gas at the 4,400-square-km Novi Pazar field for which initial estimates, based on similar rock formations, showed potential reserves of between 300 billion and 1 trillion cubic meters of shale gas.

Shale Gas News in Bulgaria >>

ConocoPhillips Halts Sichuan Shale Gas Talks With PetroChina
  China >>  7/22/2015 - ConocoPhillips ended talks with PetroChina Co. on a shale gas development in the country after a two-year study. “The right commercial decision was t...
ConocoPhillips Halts Sichuan Shale Gas Talks With PetroChina
  China >>  7/22/2015 - ConocoPhillips ended talks with China National Petroleum Corp. on a shale gas development in the country after a two-year study. ...

Argentine Shale Fields to Get $38 bln in Investment
  Argentina >>  7/16/2015 - Argentina's state oil company YPF, Pan American Energy and Wintershall will invest $38 billion in the country's vast but mostly untapped Vaca Muerta s...
INEOS Visionary $1Billion Project to Transport Shale Gas from the USA to Europe Reaches Final Lap
China >>  7/14/2015 - INEOS names first two ships built to transport US Shale gas to Europe. ...

Rotork CMAs Enable Shale Gas Well Compliance with EPA Emissions Mandates
  United States >>  7/2/2015 - Rotork CMA electric control valve actuators have delivered an efficient and reliable process control solution and eliminated venting and greenhouse ga...
BG Group Elects Not to Participate in Haynesville Assets
  United States >>  9/10/2013 - EXCO Resources, Inc. announced BG Group plc (“BG Group”) has elected not to acquire 50% of the recently acquired producing and undeveloped oil and ga...



Related Categories: Coalbed Methane  General  Heavy Oil  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


Bulgaria Oil & Gas 1 >> 

More News

Oil & Gas Companies in Bulgaria >>

Related Links

Countries Quick Links

00 AL AT BE BG CH CY CZ DE DK ES FI FR GR HR HU IE IT MT NL NO PL PT RO SE SI TR UK
Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed