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Market Chatter: Chevron Bids to Explore Offshore Greece Gas Blocks in Partnership With HelleniQ Energy
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Market Chatter: Chevron Bids to Explore Offshore Greece Gas Blocks in Partnership With HelleniQ Energy
Sep 11, 2025 4:22 AM

06:42 AM EDT, 09/11/2025 (MT Newswires) -- Chevron ( CVX ) has submitted a bid to explore for natural gas in four offshore blocks in Greece, partnering with local energy firm HelleniQ Energy, Reuters reported Wednesday, citing Greece's Energy Minister Stavros Papastavrou.

The report said that Greece launched the tender earlier this year after both companies showed interest in areas near the Peloponnese and Crete.

The bidding deadline closed on Wednesday, it added.

A Chevron ( CVX ) spokesperson confirmed the bid for the four blocks to Reuters.

"Chevron ( CVX ) has a large and important position in the Eastern Mediterranean, a region which is very much a part of our future and a priority for us," the company told Reuters.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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