Skip to content
Back to Guavy Wire
Stocks

Chevron Set to Begin Seismic Surveys off Crete's Coast in December

Instruments
CVX
Share

Major American energy companies Chevron and ExxonMobil are pushing forward with their plans to explore for hydrocarbons off the coast of Crete. According to a meeting between Greece's Environment and Energy Minister Stavros Papastavrou and Chevron's head for Greece, Beatrice Bienvenu, Chevron is expected to begin seismic surveys in December 2026 in areas south of Crete.

The company is also preparing surveys in the Ionian Sea and south of the Peloponnese. The seismic surveys will use 2D and 3D techniques to build a clearer picture of the geology beneath the seabed, but drilling has not been announced for December.

HelenniQ Energy is collaborating with Chevron on these projects, which include four new offshore concession areas: A2, South Peloponnese, South of Crete 1, and South of Crete 2. The seismic surveys are the second stage in Greece's emerging offshore energy picture, following concession agreements.

The environmental impact is a key consideration for residents and visitors to Crete, as the waters south of the island are part of a marine environment that matters to fishing, shipping, coastal communities, and tourism.

More on Stocks

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc