Chevron

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Chevron eyes Helleniq Energy’s stake in local concessions

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.

Agreement reached on Aphrodite

The Cyprus government and US energy company Chevron have successfully concluded negotiations on the development of the Aphrodite gas field, marking a significant breakthrough, according to a report by The Associated Press. 

The Aphrodite gas field, the first to be discovered beneath the seafloor off Cyprus, is estimated to hold 4.2 trillion cubic feet of gas.

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