Greece approves Chevron takeover of offshore gas block stake in Oil & Companies News 16/06/2026 Greece approved Chevron’s request to take over a 70% stake from Helleniq Energy (ATH:HEPr) in an offshore block southwest of Greece, the Greek energy ministry said Monday. The approval expands the U.S. oil company’s presence in the Mediterranean. Chevron filed a request last month to become the operator and lead the gas exploration in an offshore block southwest of the Ionian Sea. Helleniq Energy will retain a 30% stake in the project. Greece completed all approvals for Chevron to take over the block in the next coming days, the Greek energy ministry said in a statement. A Chevron-led consortium signed exclusive lease agreements to lead the search for gas in four additional deep-sea blocks off Greece. Source: Investing.com 2026-06-16 hellenicshippingnews... tweet Share