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.

At the 10th ministerial meeting of the East Mediterranean Gas Forum in Washington, officials discussed energy security, regional cooperation and the future of natural gas development.

Markets reward audacity, until suddenly, they don't

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.

In an Atlantic Council essay, the energy minister rejects what he calls the 'false dilemma' between renewables and hydrocarbons, setting out a four-track agenda that ties Greek energy policy ever closer to Washington.

Papastavrou said the consortium estimated that the Block 2 offshore concession could contain up to 270 billion cubic meters of natural gas, potentially generating around 10 billion euros in revenues for the Greek state and taxpayers.

Household gas prices jumped across European capitals following the Iran conflict, while electricity costs fell on average despite sharp increases in countries heavily reliant on gas-fired power

Trump shares Environment and Energy Minister Stavros Papastavrou's interview, highlighting Greece’s strategic role in Europe’s energy security.

In his weekly review, the Greek PM highlighted a landmark energy shift, new renewable targets, 251 protected beaches, and Mother's Day reflections

Construction has begun on the Neptun Deep offshore project, a major EU gas development expected to double Romania’s output and reshape regional energy flows when production begins in 2027

A new environmental framework paves the way for geothermal development across seven regions in Greece, aiming to revive stalled investments and tap into stable renewable energy potential with long-term economic prospects.

As the Iran war disrupts global energy flows, EU officials warn they lack reliable real-time data on fuel inventories, raising concerns over shortages and emergency decision-making across the bloc.

Speaking at the Delphi Economic Forum, Pierre Gramegna, Managing Director of the European Stability Mechanism (ESM): Oil & gas supply won't normalize quickly, inflation hits 3%, markets underestimate the crisis. Europe must accelerate, not abandon, its energy transition

Greece sits in a genuinely difficult position. It is a net energy importer with significant exposure to global oil and gas price movements, Brouillette says

Mitsotakis highlighted a landmark agreement between ExxonMobil, Energean and HELLENiQ Energy for exploratory drilling in the northwestern Ionian Sea—the first such activity in nearly 50 years.

Europe faces looming energy crunch. IEA chief Fatih Birol warns jet fuel shortages could ground flights and spike global prices

As the International Energy Agency (IEA) warns—and as oil market executives confirm—the situation on the supply side is expected to worsen as the war continues

Greece's adequacy in electricity, fuels, and natural gas, along with supply security, to be reviewed in meetings called by Minister Papastavrou with market players, Regulators, and Grid Operators