Chevron Corporation

The establishment of two national marine parks in the Ionian and Aegean seas has been pushed back to mid-2025, according to Greece's Environment Ministry. The ministry's announcement coincides with new oil and gas exploration concessions, including a large area granted to Chevron, which has sparked concerns about the compatibility of environmental protection and hydrocarbon extraction.

The Environment and Energy Ministry has approved a proposal by Chevron and Helleniq Energy to search for hydrocarbons in the sea zones within the concession areas Block A2 and South of Peloponnese, according to a press release by the Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) on Wednesday.

The Republic of Cyprus and Chevron have agreed to hold discussions over the next four months in order to seek an amicable solution that ensures the development of the Aphrodite gas field without further delays.

Chevron and its partners, Shell and NewMed Energy, have put forward a new $4 billion plan to develop the Aphrodite gas field off Cyprus. The proposal comes after Cyprus warned it might revoke the license for the project due to delays.

The updated plan aims to address Cyprus' concerns but comes with a significantly higher price tag compared to previous proposals.

A Chevron-led consortium that holds licensing rights over a gas field off Cyprus will present an updated development plan within days, one of the partners said on Monday, after Cyprus gave them a three-month deadline to comply.

A Chevron-led consortium that holds licensing rights over a gas field off Cyprus will present an updated development plan within days, one of the partners has said, after Cyprus gave them a three-month deadline to comply.

Cyprus' Energy Ministry announced on Thursday that it has rejected the proposal Chevron, the managing company of the "Aphrodite" natural gas field, submitted on March 29, about the optimization of the approved development and production plan of the field. 

The Ministry of Energy has set a six-month deadline for the Chevron-led consortium to present a revised proposal regarding the production strategy for the Aphrodite field

Indications of the existence of the largest natural gas deposit in the Mediterranean, with a size of 30 trillion cubic feet - Interest from energy giant Chevron to get involved in the project - Countdown to the start of test drilling by ExxonMobil

US giant Chevron is intensifying its contacts with Helleniq Energy for an entry into the Greek hydrocarbon market that those who follow developments in the global oil scene consider only a matter of time.

The second largest natural gas producer globally is targeting the Greek energy group's portfolio in the Crete and Ionian concessions.