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 Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

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 >>

Magnum Hunter Acquires Ormet Mineral Interest
United States >>  7/25/2014 - Magnum Hunter Resources Corporation closed on the purchase of approximately 1,700 net mineral acres located in Monroe County, Ohio and Wetzel County, ...
AWE Limited Provides Drover-1 Well Drilling Update
Australia >>  7/22/2014 - AWE Limited, as Operator of Exploration Permit 455 in the Perth Basin, Western Australia, reports that the Drover-1 exploration well had reached its p...

S.African Anti Fracking Group Threatens Legal Challenge
South Africa >>  7/22/2014 - A South African anti-fracking group threatened a legal challenge to government plans to grant shale gas exploration licences in the pristine semi-dese...
MarkWest Completes Two Large Scale Facilities
United States >>  7/22/2014 - MarkWest Energy Partners, L.P. announced an operational update regarding the continued development of midstream infrastructure projects in the liquids...

Diamondback to Acquire Acreage in Midland Basin
United States >>  7/21/2014 - Diamondback Energy, Inc. has entered into a definitive purchase agreement with unrelated third party sellers to acquire additional leasehold interests...
Gastar Exploration Reports 43% Increase in Mid-Year Proved Reserves
United States >>  7/21/2014 - Gastar Exploration Inc. reported that estimated proved reserves of natural gas, oil and condensate and natural gas liquids (NGLs) as of June 30, 2014 ...



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 E-Marketplace - Promote your Business - About Us
Copyright Universal Solutions All rights reserved. Privacy Policy. - Contact Us