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 […]

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

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.

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.

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

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

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.

Libya is not a civil war but a foreign contest that sustains the division by instrumentalizing Libyan factions

Industry estimates indicate that Chevron is expected to begin initial seismic surveys in these offshore blocks in 2026.

Maria Damanaki on Greece’s green transition, energy politics, and the risks of inertia in the Aegean

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

Preliminary studies by HEREMA estimate potential natural gas reserves of around 680 billion cubic meters.

Greek PM Kyriakos Mitsotakis receiving visiting US Secretary of the Interior Douglas Burgum ahead of the expected opening of bids for hydrocarbon exploration in blocks south of Crete

Chevron and HelleniQ Energy have jointly submitted a formal bid to acquire four offshore blocks south of Crete and the Peloponnese.

Confirmation that Chevron, the U.S. energy giant, has submitted a binding bid would mark a significant success.

Greece expects major American companies to join hydrocarbon exploration south of Crete, a move seen as boosting its energy program and countering Turkish claims in the Eastern Mediterranean

Minister Stavros Papastavrou added that 'the exercise of our sovereign rights is up to us and no one else, truly, no neighbor has a say in how our country exercises its sovereign rights,' when asked about designating marine parks

Global oil majors are eyeing Greece’s upcoming tender for hydrocarbon exploration off Crete and the Peloponnese, with Chevron, BP, Eni and domestic player HELLENiQ ENERGY seen as potential bidders ahead of the September deadline