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Jun 2026
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From Crete to the Ionian: Why the drilling rigs of the US oil industry are changing course

Chevron’s entry into Block 10, ExxonMobil’s withdrawal from west of Crete, and the upcoming drilling in Block 2 reveal the country’s new energy map

New chapter in hydrocarbon exploration: Signatures to be put tomorrow for drilling in Block 2 of the Ionian Sea

After nearly 50 years, Greece is moving forward with a new exploratory drilling in the Northwestern Ionian, using the state-of-the-art drillship Stena DrillMAX and the partnership of ExxonMobil – Energean – HELLENiQ Energy and Stena Drilling

Signatures with Chevron for Hydrocarbon exploration in Crete and the Peloponnese on February 16

The agreements concern four offshore blocks with high geological interest. Parliamentary ratification will follow, with seismic surveys expected to begin in 2026

The geopolitical significance of Chevron’s participation in hydrocarbon exploration and the next steps of the major tender

The American energy giant enters the Greek upstream sector with a strong presence – acquiring 70% in a joint venture with Helleniq Energy