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