Tag: Petroceltic

Petroceltic renewed cooperation with Dexia Bulgaria – Bulgaria, 26 June 2020

Bulgarian subsidiary of oil and gas company Petroceltic announced that it has signed a new long-term gas supply contract with natural gas trader Dexia Bulgaria, after the two companies ended their cooperation in 2017 over a legal dispute. The statement from the company said that it considers that Full article available for subscribers of Energy […]

Petroceltic’s Galata offshore concession extended – Bulgaria, 27 May 2020

Bulgarian Government announced that it has extended the concession of the Galata offshore natural gas exploration block held by Petroceltic by 253 days. The statement from the Government said that the extension was justified by a force majeure event at the end of 2017, which suspended operations Full article available for subscribers of Energy NEWS service (PDF publications, […]

Bulgargaz’ payments to Petroceltic frozen over third party dispute – Bulgaria, 23 January 2018

Bulgarian state-owned gas company Bulgargaz said that its payment to UK-based company Petroceltic under a contract for natural gas deliveries have been frozen in relation to forthcoming claims against Petroceltic. The statement from Bulgargaz said that the frozen payments were due on 2 November 2017 and onwards. As a result, Petroceltic has stopped natural gas […]