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.
(Reuters, May 28, 2026)
