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
9 January 2026
The Latin American producer’s crude prospects rely on a multi-pronged approach where even the relatively easy wins will take considerable time, effort and cost
9 January 2026
While many forecasters are reasserting the importance of oil and gas, petrostates should be under no illusion things are changing, and faster than they might think
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
8 January 2026
The next five years will be critical for the North Sea, and it will be policy not geology that will decide the basin’s future
