February 20, 2023
Economy, FEATURED
Seismic research for hydrocarbons at sea west and northwest of Crete are concluded, the Hellenic Hydrocarbons and Energy Resources Management Company SA (HEREMA) announced on Monday. The data will be analyzed and determine what the next step will be. Research began in November 2022 and was carried out by PGS …
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January 10, 2023
FEATURED, Greece, Politics
Greece’s Foreign Ministry delivered a note verbale to the Libyan embassy in Athens, refuting claims of ‘illegal’ actions by seismic research vessel ‘Sanco Swift’, diplomatic sources said on Tuesday. According to the ministry, the maritime research south of the Peloponnese and southwest of Crete is carried out in regions of …
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November 26, 2022
Economy, FEATURED
Greece expands its seismic surveys and the Navy issued a new Navtex to locate hydrocarbon deposits south of Crete. The new Navtex concerns the vessel Sanco Swift which is towing a 12km cable. According to state broadcaster ERT, the research vessel will move even further south, in an area of …
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July 27, 2022
Politics, Turkey-GR
Turkey’s Abdulhamid Han drill ship will set off from the port city of Mersin to begin hydrocarbon exploration in the Mediterranean Sea, the country’s energy minister Fatih Donmez said late Tuesday. “We will send this ship off to its first mission from Mersin on Aug. 9,” Donmez said in a …
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April 21, 2022
Economy
TotalEnergies on Thursday announced its decision to withdraw from two hydrocarbon exploration blocks near Crete – Western Crete and Southwest Crete – after the completion of surveys in those areas It said that it has informed the authorities and its partners of its decision. According to the announcement, TotalEnergies remains …
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April 15, 2022
Economy
The administration of the Hellenic Hydrocarbon Resources Management (HHRM S.A) is expected to begin contacting Greek and foreign investors who have been granted concessions for hydrocarbon exploration in the Ionian Sea, as well as areas west-southwest of Crete. Citing HHRM’s sources, state-run news agency amna reports that the decision to …
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August 10, 2020
Greece, Politics
Greece has urged Turkey to immediately halt is illegal activities in the southern Aegean and East Mediterranean Sea. The Foreign Ministry in Athens issued a statement in which it lambastes Ankara for the “illegal” NAVTEX and the “illegal” seismic surveys south of the island of Megisti in the Greek continental …
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July 28, 2020
Turkey-GR
The “joy” for Turkey’s temporary freeze of hydrocarbon research activities south of the Greek islands of Kastellorizo and Rhodes, was of short duration. A few hours later, Turkey issued a new navigation notification (NAVTEX) for its second seismic research vessel Barbaros in the eastern Mediterranean Sea. The NAVTEX blocks an …
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July 28, 2020
Greece
Tension between Greece and Turkey moved to a course of effective de-escalation on Tuesday, after seismic research vessel Oruc Reis docked inside the port of Antalya and Ankara announced that it pauses energy exploration activities in the eastern Mediterranean Sea. “Turkey could pause energy-exploration operations in the eastern Mediterranean Sea …
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July 22, 2020
FEATURED, Politics, Turkey-GR
Ankara claims that the hydrocarbon exploration activities by research vessel Oruc Reis will be “in the maritime area […] located entirely within the Turkish continental shelf.” This is the response of Turkey to a protest demarche submitted late on Tuesday by the Greek Embassy in the Turkish capital. The demarche …
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January 22, 2020
Earthquake
Exploration for hydrocarbon does not activate earthquakes, said Greece’s chief seismologist, Efthymios Lekkas, Director of the Greek Earthquake Planning and Protection Organization. speaking at a seminar held in Chania, Lekkas clarified that there is no relation between exploration for oil and gas and the seismic activity recorded in early December …
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October 31, 2019
Economy
Indications that a huge natural gas field with a volume 10 trillion cubic feet or 280 billion cubic meters, have been discovered in the sea area south of the island of Crete. It is reportedly the largest natural gas reserve in the wider region. According to daily ta nea, the …
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October 7, 2019
Economy
More than 30 areas for hydrocarbon exploration have been identified in the Ionian Sea and the sea area West and South of Crete. The map of “plots” was presented by Hellenic Hydrocarbon Resources Management Managing Director Yiannis Basias at an energy conference on the Eastern Mediterranean. The Parliament has ratified …
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September 25, 2019
Economy
The Greek Parliament ratified the contracts for hydrocarbon exploration in four areas, off the island of Crete and the Ionian Sea. In favor of the concessions voted lawmakers from ruling New Democracy, KINAL/PASOK and Greek Solution. Main opposition party SYRIZA expressed reservations. The Communist KKE and MeRA25 voted against them. …
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April 10, 2019
Economy
The Greek government signed the concessions for hydrocarbon exploration and exploitation in two Ionian Sea areas, Area 10 in the Kyparissia Gulf with Hellenic Petroleum (HELPE) and “Ionio” sea area with a consortium of HELPE and Spain-based Repsol. In two to four years we will have the first clear picture …
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November 1, 2018
Economy
Drilling for hydrocarbons in the Ionian Sea will start in 2019, Yiannis Bassias, president of the Hellenic Hydrocarbon Resources Management S.A. (HHRM S.A.) said at an event on Wednesday. The drilling will specifically take place in the Gulf of Patras and Katakolo. According to state-run news agency amna, a campaign …
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May 28, 2018
Greece, Politics
Controversial Greek economist Yanis Varoufakis proposes that Greece exploits hydrocarbon reserves with half the Middle East as well as with Turkey. In an article posted on daily Efimerida Ton Syntakton, the former finance minister sees the share of hydrocarbon reserves as an opportunity for peace in the region. jointly exploiting …
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December 30, 2017
Politics, Turkey-GR
Developments in the eastern Mediterranean Sea warn of rising tension between Turkey and Cyprus over the newly discovered hydrocarbon reserves in the area. Some Turkish columnist see the first conflict of 2018 to unfold exactly in this area and for these reasons. Below a summary of the column posted in …
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August 23, 2017
Economy
The Greek Environment and Energy Ministry published the maps for hydrocarbon research and exploitation rights. The areas are located in the Ionian Sea and off the island of Crete. The map were published on the Government Gazette on Wednesday. The areas affected are: Ionian Sea: One plot north of the …
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August 7, 2017
Economy
Greece will soon launch two new international tenders for the concession of hydrocarbon exploration and exploitation rights in the Ionian Sea and Crete. The new tenders will be launched after applications submitted by the Total-ExxonMobil-Hellenic Petroleum consortium -which is interested for the sea regions southwest of Crete- and Energean Oil …
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