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 >>

Rose Petroleum Thanks to New Analysis of Mancos Shale
  United States >>  5/20/2015 - Rose Petroleum revealed positive findings from the analysis of the State 1-34 well, in the Mancos shale, which ‘correlate strongly or exceed’ the para...
Noble Provides Entry into Eagle Ford Through Acquisition of Rosetta Resources
  United States >>  5/11/2015 - Noble Energy, Inc. and Rosetta Resources Inc. announced a definitive merger agreement whereby Noble Energy will acquire all of the common stock of Ros...

South Africa Prepares to Give Shale Gas Go Ahead
  South Africa >>  5/7/2015 - South Africa will gazette final regulations for shale gas exploration by June, two years after releasing draft rules and as companies reconsider inves...
INEOS Completes Deal to Become UK’s Third Largest Shale Gas Company
  United Kingdom >>  5/7/2015 - INEOS has announced it has completed the deal with IGas, announced on the 10th March, making it the UKs third largest shale gas company. ...

Rose Petroleum Provides Mancos Shale Operations Update
  United States >>  4/28/2015 - Rose Petroleum plc is pleased to provide an operational update on activities within its highly prospective Uinta Basin acreage in Utah, in which it ha...
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