The double significance of the agreement signed on hydrocarbons and the production schedule

A landmark agreement over Block 2 in the Ionian Sea deepens U.S.–Greece ties, positions Athens as a rising energy hub, and could reshape Southeast Europe’s geopolitical balance

Greek ministers and executives hailed new partnerships and rising investment interest, projecting confidence about the country’s energy future

Energean, HelleniQ Energy, and ExxonMobil sealed a major agreement in Athens during the P-TEC conference to begin exploratory drilling in the Ionian Sea’s Block 2, marking Greece’s first offshore drilling in decades

Energean is set to commence its drilling campaign in 2026 in the Prinos area on the island of Thasos in northern Greece, as announced during the presentation of its quarterly results, via its subsidiary EnEarth. Energean, an upstream company that is listed on the London and Tel Aviv stock markets, is set to initiate the CO₂ […]

Chevron recently declared its intent to explore a third area, south of the Peloponnese.

The MoU on CO2 storage is to be signed on Monday, February 17, during the EGYPES 2025 international petroleum exhibition in Cairo.

The clock is ticking for Energean to meet tight deadlines for the €1 billion Prinos CO2 Storage project. Meanwhile, Greece already knows Prinos' capacity is not enough, and is exploring solutions in Egypt.

The Katlan project is expected to unlock additional value in Israeli waters, enhancing energy security and supporting sustainable development in both Israel and the wider region.

The necessary permits and studies are expected to be completed in 2024