Chevron seeks 70 percent stake in Greek offshore block

Chevron has requested a 70 percent stake in a Greek offshore block from Helleniq Energy. The move expands the United States presence in the Mediterranean. Officials are currently reviewing the request.

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CHEVRON CORP filed a request to acquire a 70% stake in an offshore gas block from Greece. The deal involves Block 2 in the Ionian Sea, currently held by Helleniq Energy. This move expands the United States energy footprint in the Mediterranean as Europe seeks diversified gas sources.

FILE PHOTO: Oil pump jacks and the Chevron logo. REUTERS/Dado Ruvic/Illustration/File Photo
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