Chevron files request to acquire offshore Greek block, energy ministry says

May 28, 2026 3:55 AM EDT

FILE PHOTO: 3D-printed oil pump jacks and the Chevron logo appear in this illustration taken March 2, 2026. REUTERS/Dado Ruvic/Illustration/File Photo

ATHENS, May ‌28 (Reuters) - U.S. ​oil ​major Chevron has filed an official ‌request to take over a ⁠70% stake from Greece's Helleniq ‌Energy in an offshore ‌block southwest of Greece, the Greek energy ministry said ​on Thursday, in a move that would further ⁠expand the United States' presence in ​the Mediterranean.

Once approved, Chevron will become the operator and ​lead the search ‌for gas in Block 2 in the ⁠southwest of the Ionian Sea, with Helleniq retaining 30%, ⁠the ministry said in a statement.

Greece ​is considering giving Chevron and Helleniq more time to evaluate seismic data ‌that have been completed for the area ‌before they decide on ⁠any exploratory ‌drilling there, ​the ministry added.

(Reporting by Angeliki KoutantouEditing by Tomasz ‌Janowski)



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