ExxonMobil drilling plan from Corfu to Crete revealed
ExxonMobil reveals ambitious drilling plan for Greece, investing $5-10 billion in natural gas exploration from Ionian Sea to Crete, marking historic energy shift.
Economy
Historic energy developments in Greece: ExxonMobil to drill in Ionian Sea by late 2026
Greece makes history with ExxonMobil’s return to Ionian Sea drilling after 40 years. Trump-Mitsotakis meeting likely as East Med pipeline resurfaces.
ExxonMobil-Helleniq Energy deal: First drilling within two years
Greece’s Energy Minister announces historic ExxonMobil deal with HelleniQ Energy for oil exploration drilling in Northwestern Ionian Sea within 18-24 months.
Historic energy mega-deal: ExxonMobil-Helleniq partnership to upgrade Greece
ExxonMobil partners with Helleniq Energy for Greece’s first offshore drilling in 40 years, targeting 200 billion cubic meters of natural gas in the Ionian Sea.
Greece refunds fuel tax to 82,624 farmers in €18.63 million payment
Greece’s tax authority pays €18.63 million fuel tax refund to over 82,000 farmers in third 2025 installment, with automated payment system requiring no farmer action.
P-TEC Summit: AI challenges and European energy crisis dominate first day
P-TEC Summit addresses AI competition between US-China and European energy security challenges amid Ukraine crisis. Conference continues with PM speech tomorrow.
Energy “big bang” in Athens: US and LNG giants invest in Greece
Greece transforms into energy diplomacy center as US officials and LNG giants converge on Athens for P-TEC summit, establishing the country as key American LNG hub.
“Changing Heating System and Water Heaters” extended to 2026
Greece extends heating system subsidy program until 2026, offering up to €7,440 for energy-efficient upgrades including heat pumps and solar water heaters.
Pensioners relief: 4 measures worth €1.3bn for 2.6m beneficiaries
Greece announces €1.3bn relief package for 2.6 million pensioners, including €250 annual allowance, rent reimbursement, pension increases, and tax cuts starting November.
Out-of-court mechanism: New historic high in debt settlements in October
Greece’s out-of-court debt settlement mechanism reaches record high with 2,440 settlements worth €581.5M in October, showing 82.1% approval rate and growing support.
Beer sales in supermarkets surge despite market stagnation
Greek beer market stagnates in 2025, but supermarkets see double-digit sales growth as tourists shift from restaurants to home consumption.
Vehicle owners face 15-day deadline for unpaid fees and insurance
Greek authorities issue 187,301 notifications to vehicle owners for unpaid fees and missing insurance, giving them 15 days to comply before facing fines.