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Premier Tsipras Announces US' ExxonMobil to Conduct Exploration South of Crete

Greek Premier Alexis Tsipras announced on Friday that the Greek government and the American Energy giant ExxonMobil will sign an agreement regarding energy exploration and drilling next week. Speaking to journalists in Brussels following the two-day European Council Summit, Tsipras...

Greece Among Eight Nations To Face US Sanctions if they Purchase Iranian Oil

Greece is among eight nations worldwide which could potentially face sanctions if they purchase Iranian oil, the Trump Administration declared on Monday. The move comes as a result of the US decision to end the sanctions' waivers which were implemented...

Thessaloniki-Skopje Oil Pipeline To Reopen This Year

Hellenic Petroleum chairman and CEO Efstathios Tsotsoros said on Wednesday that the existing oil pipeline between Thessaloniki and Skopje could resume operation as soon as the end of this year. Speaking with the state-run AMNA news agency, Tsotsoros noted that...

Environmental Organization Warns of Risks in Greek Plans to Drill Off Crete

The Greek office of the World Wildlife Fund (WWF Hellas) issued a statement on Wednesday warning of ''huge environmental and economic risks to the detriment of Crete and the rest of Greece.'' The remarks came as Greek authorities are proceeding...

Vessel Runs Aground Off Nafplio, Greece (video)

A Panamanian-flagged freighter named ''Sibel'' run aground on the sandy shoals off Peloponnesian town of Nafplio on Saturday. The vessel had a total of 13 crew on board, all non-Greek nationals, and no injuries were reported. The vessel was loaded...

Record High Oil Production from Greece's Prinos Oil Fields

Oil production from Greece's Prinos deposit in Macedonia, which includes oil fields both inland and offshore, is expected to exceed 4,000 barrels daily and 1.5 million barrels annually. This breaks all records for the last decade's oil production, according to Mathios Rigas,...

Anastasiades Doesn't Rule Out Cooperation With Turkey in East Mediterranean

The President of the Republic of Cyprus, Nicos Anastasiades, has sent the message to the Turkish Cypriots that no one is trying to appropriate the natural wealth belonging to all legitimate citizens of the Republic of Cyprus and that...

ExxonMobil Drillship Sails To Cyprus Amid Turkish Threats

A drillship leased by ExxonMobil continues its journey through the Mediterranean towards Cyprus, where it is expected to arrive on November 12. The Stena IceMax ship has passed the southern coast of Spain, as Turkey was again warning that it...

Anastasiades: We will Cooperate with Turkey on Energy if Cyprus Issue Solved

Cypriot President Nikos Anastasiades expressed Cyprus' willingness to cooperate with Turkey on the exploitation of natural gas in the eastern Mediterranean. Speaking on Friday at the 14th Economist conference, Anastasiades stated that Cyprus and Turkey can collaborate on energy matters...

Turkish Defense Minister Again Threatens Greece and Cyprus

In statements made on Friday, Turkish Defense Minister Hulusi Akar continued his recent string of threatening rhetoric directed towards Greece and Cyprus, this time stating that Ankara will not accept a "fait accompli." Speaking at Turkey's National Assembly during a...