The signing of a drilling contract in the Ionian Sea reflects investor confidence in Greece’s economy and regulatory framework, officials said, while highlighting the potential for sizable gas discoveries.

A major contract for exploratory hydrocarbon drilling in the Ionian Sea marks Greece’s first such project in over 40 years, with operations expected to begin in 2027

Stavros Papastavrou returns to CERAWeek in Texas to discuss next steps with Chevron and ExxonMobil – On the table are timelines for exploratory drilling, studies, and seismic surveys

Oil exploration in the Ionian Sea, in western Greece, entered its second phase after the Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) announced the consortium of Energean-ExxonMobil and HELLENiQ ENERGY had officially submitted its intent to continue operations in Block 2. ExxonMobil has officially joined the Block 2 offshore hydrocarbon concession in Greece as […]

ExxonMobil is moving ahead with the process of declaring commerciality for Block 10 of Cyprus’s Exclusive Economic Zone (EEZ), aiming to begin natural gas production between 2030 and 2035, according to the company’s Vice President, John Ardill. His remarks followed a meeting on Friday with the President of the Republic of Cyprus, Nikos Christodoulides, at […]

From offshore gas exploration to long-term U.S. LNG deals, 2026 marks a turning point as Greece begins to see results from major energy agreements signed over the past two years

November witnessed two major energy-related agreements finalized and signed in Athens, with the first foreseeing the import of American LNG to at least a couple of terminals in Greece for subsequent regasification and transport – by pipelines – to other countries in southeast and eastern Europe, including for the all-important Ukraine market

HELLENiQ Energy CEO Andreas Shiamishis says Greece is emerging as a key Southeast European hub for LNG, refined fuels and future green-power exports, as policymakers and U.S. officials highlight the country’s growing role in regional energy stability

Mitsotakis outlined plans on rising prices, housing support, farmer compensation, transport pressures, energy deals, and a sea-drone partnership with Ukraine

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

ExxonMobil shares promising initial findings from the Pegasus and Glaucus offshore gas fields, with an estimated 8–9 trillion cubic feet of natural gas in Cyprus’ exclusive economic zone

New seismic surveys by ExxonMobil southwest of Crete are not ruled out, according to Andreas Siamisis, CEO of HELLENiQ ENERGY.