Chevron interested in Greek hydrocarbon exploration, says energy ministry

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Chevron Eyes Oil and Gas Exploration Offshore Greece

U.S. supermajor Chevron has expressed interest in oil and gas exploration offshore Greece, the Greek Ministry of Energy and Environment said on Monday, adding that exploration is part of the national strategy for energy independence and lower energy costs. Chevron is interested in exploring the area southwest of the Peloponnese peninsula and to the west of the island of Crete, according to the Greek ministry. Greece has been looking to boost its…

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Chevron Explores Greece’s Offshore Hydrocarbon Potential

Greece’s offshore hydrocarbon potential has garnered increasing interest in recent years. Credit: AMNA Greece announced on Monday that Chevron, the world’s second-largest private company active in the hydrocarbon sector, has expressed interest in research in the marine area southwest of the Peloponnese and west of Crete. In a statement, the Greek energy ministry said that it would issue a decision this week on the exact area of exploration and w…

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Chevron interested in Greek hydrocarbon exploration, says energy ministry

ATHENS (Reuters) -U.S. oil producer Chevron has expressed interest in exploring for hydrocarbons southwest of the Peloponnese peninsula in Greece, the Greek energy ministry said on Monday. The ministry’s statement added that it would issue a decision this week on the exact area of exploration and would launch an international tender soon. “It is a very important development, part of our national strategy for energy independence and reducing ener…

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Chevron expresses interest in Greek hydrocarbon exploration (NYSE:CVX)

Chevron, a U.S. oil major, is interested in exploring for hydrocarbons in Greece's marine areas, indicating a strategic move towards energy independence.

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The Ministry of Energy and Mineral Resources will proceed within the week to issue a relevant decision - The investment interest of yet another world-class company highlights Greece's potential to develop into a regional energy hub, stated Theodoros Skylakakis

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Big changes in hydrocarbons

Greece is opening its energy door for the entry of Chevron, the world’s second largest natural gas producer, after ExxonMobil, which has been positioned in the domestic market since 2019, while preparing for new concessions, in anticipation of the major shifts that Donald Trump’s presidency is expected to bring to the international stage.