The US energy giant will join HELLENiQ ENERGY in offshore exploration in the Kyparissia Gulf, marking a new step in Greece’s efforts to assess its hydrocarbon potential

Greece's energy minister held back-to-back meetings with senior executives from Chevron and ExxonMobil in Houston, pressing to accelerate hydrocarbon development in the Ionian Sea and south of Crete.

2D and 3D surveys obtained from HELLENiQ ENERGY have identified promising geological structures off the Kyparissia Gulf, with a subsurface that resembles the Ionian block where ExxonMobil is positioned.

The US energy giant has applied to acquire a majority stake and operator role in offshore Block 10, strengthening its presence in Greece’s hydrocarbon exploration sector

Following talks at CERAWeek, Greek Ministers and Chevron agreed on steps to fast-track offshore exploration, with seismic surveys south of Crete planned before the end of 2026.

The agreements grant rights for the exploration and potential exploitation of hydrocarbons in maritime blocks south of Crete and the Peloponnese

Former Prime Minister Antonis Samaras criticized a key provision in Greece’s Chevron–HELLENiQ Energy agreement during a heated parliamentary debate. Energy Minister Stavros Papastavrou pushed back, insisting the contracts do not transfer sovereign rights.

Greece moves forward with a bill granting Chevron and HELLENiQ Energy exploration rights in four offshore areas, a move the government says could strengthen the country’s energy role and challenge the Turkey-Libya maritime agreement.

The former Greek prime minister criticized the government’s handling of offshore energy exploration south of Crete and raised concerns about alleged Turkish interference near Kasos, prompting a sharp response from government sources.

Mitsotakis spoke of “the digital leap our country has made in recent years,” announcing forthcoming measures to address digital addiction among minors.

Energy minister says EU rejects Turkey-Libya maritime pact as unlawful and insists Greece is exercising its sovereign rights under international law

Ankara says Greece’s offshore hydrocarbon agreement with Chevron south of Crete violates international law and maritime claims declared by Libya, renewing tensions in the eastern Mediterranean

On the ExxonMobil front, Papastavrou confirmed that Greece will conduct its first exploratory drilling in nearly half a century in the first half of 2027.

The Greek government doubles its offshore exploration area through a partnership with Chevron and Helleniq Energy, aiming for long-term energy production, economic benefits, and strengthened European energy security

A series of hydrocarbon drilling operations in Greece from 2027 to 2032

Kimberly Guilfoyle praises Greece's strategic position in energy transport and its rising influence in the global energy market during key LNG and hydrocarbon deals.

Energy, diplomacy and sovereign rights: Greece–Chevron are changing the balance in the Eastern Mediterranean

The U.S. oil major will sign four hydrocarbon exploration concessions in Athens, deepening American involvement in Greece’s energy sector and linking offshore ambitions to broader LNG and geopolitical strategy

The agreement between state-run TPAO and Chevron focuses on joint oil and natural gas exploration and production in Turkey and internationally, as Ankara seeks to expand its energy footprint and strengthen strategic partnerships

According to sources, senior executives from U.S. energy giant Chevron are expected in Athens by February 20 to sign concession agreements with the Greek state.