Energean adapts for survival
Independent oil and gas firms have no choice but to respond to environmental pressures, says the firm’s CEO
Smaller players on the energy stage must be as bold as the industry’s heavyweights in heeding mounting public demands for action to combat climate change, Energean CEO Mathios Rigas tells Petroleum Economist. His advice to fellow independents is: adjust now or risk going out of business. “Change is happening,” he says. “The pressure is on all of us on the planet, not just the E&P sector, to take climate change issues into consideration. Pricing climate change into a business is extremely important. In the past, risks were related mainly to oil prices. Now climate change is an additional factor.” Based on his own firm’s experience, Rigas believes firms should shift their focus from oil t
![](/images/white-fade.png)
Also in this section
26 July 2024
Oil majors play it safe amid unfavourable terms in latest oil and gas licensing bid rounds allowing Chinese low-ball moves
25 July 2024
Despite huge efforts by India’s government to accelerate crude production, India’s dependency shows no sign of easing
24 July 2024
Diesel and jet fuel supplies face a timebomb in just four years, and even gasoline may not be immune
23 July 2024
Rosneft’s Arctic megaproject is happening despite sanctions, a lack of foreign investment and OPEC+ restrictions. But it will take a long time for its colossal potential to be realised