Chevron Files to Take 70% Stake in Greek Offshore Block

Chevron has filed a request to buy 70% in an oil and gas exploration block offshore southwest Greece in what would be another step in the U.S. supermajor’s expansion in the Eastern Mediterranean. Chevron wants to buy 70% in an exploration block, whose concession rights are currently 100% owned by Helleniq Energy, the Greek Energy Ministry said on Thursday. The U.S. energy giant and Helleniq Energy are partners in several other offshore exploration blocks that Greece has recently awarded. Now Che