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
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields