Greece Ratifies Major Offshore Gas Exploration Deal with Chevron
The Greek Parliament has formally approved key lease agreements, paving the way for a Chevron-led consortium to commence exploration for natural gas and hydrocarbons in strategic offshore blocks situated south of Crete and the Peloponnese. This ratification marks a significant step in Greece's long-term energy strategy, signaling a renewed commitment to unlocking its domestic hydrocarbon potential and attracting major international investment into the Eastern Mediterranean. The move underscores the growing interest in the region's deepwater prospects.
Greek Reporter · March 14, 2026
Kazakhstan's Tengiz Oilfield Supply Uninterrupted Despite New Incident
Kazakhstan's largest oilfield, Tengiz, experienced an operational incident on Wednesday, which its operator, a Chevron-led consortium, is currently investigating. Despite the event, the consortium confirmed on Friday that oil production and supply from the massive field have remained entirely uninterrupted. This swift assurance of continuous operations is crucial for global oil market stability, preventing any speculative price hikes that might arise from supply disruption fears at such a significant production hub.
OilPrice · March 13, 2026