Continue Reading
Full article on OilPrice.com
ExxonMobil Bets on Greece’s Energy Future With New Offshore Agreement
Market Intelligence Analysis
AI-Powered
Why This Matters
ExxonMobil has signed a new offshore agreement with Energean and Helleniq Energy to explore a block in the northwestern Ionian Sea, Greece, with ExxonMobil taking a 60% stake in the project.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
AI Confidence
90%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
ExxonMobil is expanding its exploration portfolio offshore Greece with a new farm-in agreement for a block in the northwestern Ionian Sea. ExxonMobil, Energean, and Helleniq Energy have reached a farm-in agreement under which the U.S. supermajor will buy 60% in the Block 2 concession in the northwestern Ionian Sea, next to the Italian Exclusive Economic Zone (EEZ), Energean said on Thursday. With Exxon farming-in in the block, Energean’s stake drops to 30%, down from 75%, and Helleniq Energy’s interest in the block falls…
Original article published by
OilPrice.com
on November 6, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.