Repsol

Bolivian President Luis Arce announced Saturday the discovery of major new reserves of natural gas that officials said could eventually bring in $260 million a year.

Over 30 areas have been identified for hydrocarbon exploration in the Ionian Sea and off the coast of western and southern Crete, the state-run Athens-Macedonian News Agency (ANA-MPA) reported on Sunday.

The map of "plots" was presented by Hellenic Hydrocarbon Resources Management chief Yiannis Basias at an energy conference on the Eastern Mediterranean, ANA-MPA said.

The first attempt at oil and gas prospecting off Silistar in the Black Sea has failed.

At the end of March "Shell International Exploration and Development Italia", in which Shell has a 50 percent share, the Australian Woodside Energy - 30 percent, and the Spanish Repsol - the remaining shares, conducted three months of prospecting in Block Khan Kubrat.

The final two of four concessions for hydrocarbon exploration and exploitation in the Ionian Sea are set to be signed on Tuesday by Energy Minister Giorgos Stathakis, the head of Hellenic Hydrocarbon Research Management, Ioannis Basias, and the contractors. 

Oil majors Exxon Mobil, Total and Repsol are among members of two consortia that have submitted bids to explore for oil and gas off Greece.

One more multinational oil giant is about to seek a slice from the Greek hydrocarbon pie after Total, ExxonMobil, Repsol and Edison, as Italy's ENI is preparing to enter the local market, according to sources.

Spain's Repsol has entered a so-called farm-in agreement with Energean Oil & Gas for a 60 percent stake in two onshore blocks in western Greece, Energean Oil said on Friday.

Under a farm-in agreement, an oil and gas company acquires an interest in a lease owned by another group.

Eight foreign oil and petrol companies have expressed interest in collaborating with Hellenic Petroleum Group, revealed the company’s general manager of exploration and production Yiannis Grigoriou, Wednesday. Total, Shell, Repsol, Japex, Dana Petroleum, INA and Hunt are in talks with ELPE to start hydrocarbon exploration in the areas of Arta-Preveza and the north-eastern Peloponnese.

Oil giant Shell has completed a stage of oil and gas exploration in the Silistar offshore block, in Bulgaria's Black Sea zone.

Shell Exploration & Development will analyze the result of seismic studies to decide whether or not to drill into the seabed, Capital.bg reports.

Bulgaria's Deputy Prime Minister Tomislav Donchev has announced that oil was found in the Khan Asparuh block during offshore drilling earlier this year.

Donchev has not elaborated his remarks at the opening of a tripartite meeting of government, employers, and unions.

A source of Inews.bg (a website of Novinite Group) working in the public sector has confirmed the news.