Tag #Hydrocarbon Exploration

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kathimerini.gr

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Sep 10, 07:22

Egypt's Seismic Surveys Challenge Turco-Libyan Memorandum in Eastern Mediterranean

Egypt is conducting seismic surveys in a maritime area claimed by Libya under the Turco-Libyan memorandum, directly challenging the agreement and potentially impacting hydrocarbon exploration rights.

Egypt's Seismic Surveys Challenge Turco-Libyan Memorandum in Eastern Mediterranean

Egypt is conducting seismic surveys in a maritime area claimed by Libya under the Turco-Libyan memorandum, directly challenging the agreement and potentially impacting hydrocarbon exploration rights.

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Clean Water and Sanitation

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What are the potential future implications and responses to Egypt's actions?

Egypt's acquisition of seismic data provides a significant advantage in any future negotiations over the area. Libya's potential response, perhaps through a diplomatic channel such as the UN, remains uncertain, as does Turkey's response. The situation highlights the strategic importance of the region and the ongoing tensions over maritime boundaries and resource control.

kathimerini.gr

🌐 85% Global Worthiness

Mar 31, 10:10

Greece's hydrocarbon exploration: ExxonMobil and Chevron's potential $280 billion investment

ExxonMobil and Chevron plan to invest hundreds of millions of euros exploring potential 280 bcm natural gas reserves off Crete and Peloponnese, driven by global energy shifts and Greece's aim to expedite licensing by 2025.

Greece's hydrocarbon exploration: ExxonMobil and Chevron's potential $280 billion investment

ExxonMobil and Chevron plan to invest hundreds of millions of euros exploring potential 280 bcm natural gas reserves off Crete and Peloponnese, driven by global energy shifts and Greece's aim to expedite licensing by 2025.

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Affordable and Clean Energy

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What is the immediate economic impact of ExxonMobil and Chevron's potential investment in Greek hydrocarbon exploration?

ExxonMobil and Chevron are poised to invest hundreds of millions of euros to explore approximately 80,000 square kilometers off the coast of Crete and Peloponnese for potential natural gas reserves estimated at 280 billion cubic meters. This follows a shift in the global energy industry, with companies like BP cutting renewable energy investments to boost oil and gas exploration.

kathimerini.gr

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May 4, 16:11

Greece Unveils Business Subsidies, Offshore Energy Plans, and Settlement Boundary Resolution

The Greek Minister of Environment and Energy announced the May 12th opening of a business electricity subsidy platform, alongside details of an offshore hydrocarbon exploration tender and a new Presidential Decree resolving decades of settlement boundary issues, aiming to boost property security and...

Greece Unveils Business Subsidies, Offshore Energy Plans, and Settlement Boundary Resolution

The Greek Minister of Environment and Energy announced the May 12th opening of a business electricity subsidy platform, alongside details of an offshore hydrocarbon exploration tender and a new Presidential Decree resolving decades of settlement boundary issues, aiming to boost property security and...

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Affordable and Clean Energy

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What immediate actions are being taken by the Greek government to address rising energy costs for businesses?

On May 12th, a platform for electricity subsidies for businesses will open, according to the Minister of Environment and Energy. This initiative aims to combat rising prices, requiring a coordinated approach combining multiple measures.

kathimerini.gr

🌐 85% Global Worthiness

Jan 25, 10:07

Greece Opens Tender for Hydrocarbon Exploration Rights

Greece launched a tender for hydrocarbon exploration rights in the marine area south of Peloponnese, attracting bids from Chevron and HELLENiQ ENERGY; the process includes a 90-day public announcement, rigorous evaluation by EDEYEP, and final contract approval by the Parliament.

Greece Opens Tender for Hydrocarbon Exploration Rights

Greece launched a tender for hydrocarbon exploration rights in the marine area south of Peloponnese, attracting bids from Chevron and HELLENiQ ENERGY; the process includes a 90-day public announcement, rigorous evaluation by EDEYEP, and final contract approval by the Parliament.

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Affordable and Clean Energy

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How does this tender contribute to Greece's broader energy strategy and geopolitical position?

This tender signifies Greece's active pursuit of energy independence and diversification, driven by geopolitical shifts and the need for stable electricity generation beyond renewables. The involvement of Chevron and HELLENiQ ENERGY highlights the strategic importance of hydrocarbon exploration within Greece's sovereign rights zones, aiming to secure domestic energy resources and reduce reliance on foreign suppliers. The process involves a thorough evaluation by a committee of the Hellenic Hydrocarbons and Energy Resources Management Company (EDEYEP), followed by negotiations and final contract approval.

Showing 1 to 4 of 4 results