The CEO's blog

The CEO's blog 27/03/2025

Dear Energizers,

It’s all about clarity. All of our stakeholders were frustrated by the delays. Politicians, local communities, counterparties, staff and investors. We realised that we had to make a difficult decision and take back control, both for our own good and for all of our stakeholders.

The important thing to remember is the strength of the Italian portfolio. We have successfully increased the life of several producing Italian fields, and we are a partner on the largest Italian upstream project – Cassiopea – in many years.

The CEO's blog 18/02/2025

At a strategic panel considering “Energy Pragmatism” at The Egypt Energy Show, CEO Mathios Rigas considered how energy security and the transition can to be balanced – that the equation has definitely changed since Energean’s first EGYPES 5 years ago.

Mathios was asked to consider whether there is a tension between energy security and energy transition;

“There has been a reality check, driven by 2 major factors:

• US politics  – “drill baby drill”
• Geopolitical challenges – multiple conflicts that have had significant effects on the energy value chain.”

The CEO's blog 15/11/2024

Today, CEO Mathios Rigas sat on a strategic COP29 Azerbaijan panel considering the Gas Industry's Reinvention, Adapting to the Energy transition.

Picking up on a theme from the moderator, Mathios made his first point, on the value of transparency.

“Transparency is vital as we reinvent the industry. In 2019, Energean was the first E&P to commit to Net Zero. We have now reduced our carbon intensity by 86%, and this will continue in the future....."

The CEO's blog 02/07/2024

Speaking to an audience of oil & gas industry leaders attending Halliburton’s LIFE2024 Landmark Innovation Forum & Expo in Athens last week, I realised that I am the only Greek CEO of an international E&P firm, which set the tone for our story of how energean grew from being a £1m Greek oil firm to a £2bn London FTSE250 and Telaviv TA-35 listed 150k boepd gas, ESG and regionally focused leader.

Read the full blog to find out the key takeaways from the speech.

The CEO's blog 29/05/2024

Today in Athens at the East Med Gas Forum, I made the following comments in a strategic round table, because I believe passionately that we are at risk of throwing away what some of us have worked so hard for.

We need to recognise the elephant in the room. The massive disparity between regional consumption and production = 200bcm vs 70bcm. This is a significant deficit of 130 bcm

It is very clear that gas will be a long term energy carrier due to its combination of security and sustainability – this is what was said at COP

The most important question we all have to consider, given it’s clear that we are all going to continue using gas is, “do you want to produce it or import it?”

The CEO's blog 05/23/2024

Dear Energizers,

We should all be proud that Energean is, and has always been, an ESG leader and champion in our industry – and this is clear to see on every page of our 2023 Sustainability Report.

We’ve invested significantly because we believe it’s the right way to run a company; it’s the right thing to do and sustainability speaks to our unique company ETHOS. It’s also a commitment to long-term value creation for our shareholders and the communities in which we operate.

There are many highlights in the report that emphasise our successful leadership position, and I’d like to share a number of them with you.

The CEO's blog 01/12/2023

Dear Energizers,

I believe that all participants in the energy and industrial dynamic need to work together to find practicable solutions to the climate and socio-economic challenges that face us all. We must find a way to balance energy security with the goal of limiting global warming to 1.5 degrees.

Energean is a regional energy and sustainability leader, consistently decarbonizing and providing energy security.

We were the first independent E&P to commit to a net-zero target. We have reduced our emissions intensity by 80% since that pledge in 2019, now at 9 kgCO2e/boe, significantly below the sector average of 15. We have won prizes for our sustainability strategy, and we have consistently been rated in the top tier by Sustainalytics, Bloomberg, CDP, and our shares are included in the FTSE4Good index.

How have we achieved this? Through focusing on natural gas and industry-leading operations. Oil is undoubtedly more flexible, profitable, and faster to monetization. However, at Energean, we have never taken the simple and easy path.

The CEO's blog 24/05/2023

Dear Energizers

I’m very proud that our 2022 Sustainability Report (https://www.energean.com/media/5445/energean-sustainability-report-2022-a.pdf)  demonstrates our continued ESG leadership position. ESG and Sustainable Development are at the heart of Energean’s ETHOS belief system and our business model – this is the right way to run a company. We pioneered ESG in the independent E&P space with our landmark Net Zero pledge, and will always continue on this path.

It is important to see that our operations create significant societal value. We deliver secure and reliable energy, we secure jobs, livelihoods and prosperity to people and places that we serve. Through our focus on responsibly produced natural gas, we support sustainable development and the replacement of more pollutive fuels.

This is particularly important in light of the global effects of Russia’s horrific invasion of Ukraine. An already tight global gas market is now stretched to the point that molecular availability and energy security are again major global challenges.

The CEO's blog 3/6/2020

Dear Energizers 

Today, I am delighted to announce the launch of Energean’s fourth annual Sustainability Report.

At Energean, ESG and sustainable development are at the heart of everything we do. As an Eastern Mediterranean and natural gas-focused business, we play a significant role in maintaining industrial development across the region – securing not only energy, but jobs, livelihoods, and prosperity for the people and families where we operate. Our mission is to achieve this in the best possible way, through innovation, improvement, integrity, and holding ourselves to the highest ethical standards in everything we do.

The CEO's blog 03/12/2021

Dear energizers, 

Today marks the United Nations’ International Day of Persons with Disabilities (“IDPWD”), an annual celebration of the challenges and opportunities for people around the world who live with disabilities. Since the beginning of 2020, the coronavirus pandemic has caused significant socioeconomic challenges and this year’s IDPWD highlights and recognises that people with disabilities are heavily impacted by these.

At Energean, we have fostered a culture of inclusivity from the day we were born back in 2007 and treat all staff equally regardless of disability. As part of our Ethos, we are continually raising awareness and enabling our staff to gain a better understanding of the challenges that people with disabilities must overcome. I’m very proud of the great work we have done over the past year to expand our activities in this regard, and I expect us to do even more in 2022.

The CEO's blog 15/11/2021

Dear Energizers, 

COP26 set the pathway for the “best last chance to keep 1.5 °C alive” and attracted greater global attention than any previous climate change conference, highlighting the urgency with which words and ideas need to be turned into actions. History will eventually determine the success – or otherwise – of the conference, but as business leaders, we need to ask ourselves how the developments in Glasgow impact upon our companies…and keep pushing ourselves to do better; not only to implement current best practice, but to continually develop solutions and improve our actions.

The CEO's blog 17/6/2021

Dear Energizers, 

Today, I am delighted to announce the launch of Energean’s third annual Sustainability Report, which this year – as promised – has been externally assured by Ernst and Young.

The last 12-months have seen climate change, and wider ESG issues, catapulted to the top of the agenda for governments, communities, investors, and society at large. It has undoubtedly been a difficult year for so many across the globe, yet a great deal of the lessons learned must be remembered: the importance of resolve, resilience and community – and the responsibility that every business has to provide a benefit to society as well as a return to investors. With that in mind, now more than ever, we should abide by our values, the Energean "Ethos".

The CEO's blog 22/4/2021

Dear Energizers, 

 Energean and the World today celebrate the 51^st anniversary of Earth Day, the theme of which is “Restore Our Earth.” A number of special environmental events have happened on Earth Day since its inception on 22 April 1970, including signing of the Paris Agreement at the United Nations in 2016 – the most significant climate accord in history that, at a minimum, aims to keep the increase in global average temperature to below 2°C. Achieving this target will not be easy, but across the world we have seen that the global mindset has shifted from ‘if’ to ‘how’ to make the climate transition happen. 

The CEO's blog, 19/4/2021

Dear Energizers, 

Today, we release our 2020 annual results, our first set of consolidated results for our combined businesses – a key milestone in the integration of the business. 2020 was a tough year for everyone in our industry, but Energean has fought hard, and has overcome the challenges of working remotely, delivering 2 acquisitions, a $2.5 billion bond issue and uninterrupted production from all our sites.

The CEO's blog 25/3/2021

Dear Energizers

Greece and the World today celebrate and honour the bicentennial of the Greek Revolution, declared on the 25th of March 1821. A historic act that resulted in the establishment of an independent State nine years later, after the London Protocol was signed by England, France and Russia.

What makes the Greek Revolution so special, a real milestone not only for a small country that carries 4,000 years of history, but for the modern world as well?  A first answer is that it was the first national movement ever to succeed in Europe, half a century after the United States Declaration of Independence and almost at the same time as liberation movements in South America occurred. 

Greece was part of the Ottoman Empire, a huge state consisting of multiple nations conquered gradually from the beginning of the second millennium AD in East Europe, Asia, Middle East and Africa. This empire was practically the successor of the Byzantine Empire - dominated by the Greeks but definitely not a Greek state. The latter lasted for more than 1,000 years and was the evolution of  the eastern part of the divided Roman Empire.

The CEO's blog, 1/3/2021

Dear Energizers, 

There are numerous days celebrated during the year that are meant to raise awareness and make us all think about our culture, values and way we conduct ourselves in life.  Today I chose to write to all of you as the “Zero Discrimination Day” which is celebrated today holds a special place for Energean and me personally.

The CEO's blog, 31/12/2020

Dear Energizers,

In my year end communication to all of you, I look back on the difficult times we have all faced in 2020, the lessons that we can learn from them and reflect on another successful year for Energean thanks to all of you.

Despite the unprecedented difficulties of 2020, we have achieved a great deal during the year.

The CEO's blog 17/12/2020

Dear new colleagues,

We have completed the acquisition of Edison E&P and I am delighted to welcome all of you to the Energean team!

This is an incredible milestone for our business and I’m very excited about the potential it unlocks for us in the years to come. We have shaped an outstanding team to further strengthen our position in the market with a focus on the Mediterranean region.

The CEO's blog 24/11/2020

Dear Energizers,

Last Friday I made a presentation to MSc Students at the University of Piraeus, Greece. (Thank you to Professor Yannis Maniatis, a man who has substantially contributed to the rebirth of the hydrocarbon sector in Greece, for organizing the session).

As well as introducing them to Energean, we discussed issues relating to the energy market, the carbon-free future, and some general lessons I’ve learnt from my business career.

The CEO's blog 7/10/2020

Dear Energizers

A historic verdict was passed on October 7th by the Greek Courts on Golden Dawn, the former parliamentary fascist party, it’s leaders, former MPs and party members that where found guilty for a series of assassinations and assaults.

In addition Golden Dawn was indicted as a criminal organization in what I consider to be a huge victory of democracy over fascism, a victory of freedom of speech over fear in a case that has been at the epicentre of politics, public opinion, and media interest for almost eight years.

The CEO's blog 3/6/2020

Dear Energizers,

I am reaching out to you today as I am reflecting on the latest developments in the US with a wave of anger and disgust being expressed by thousands of people that are frustrated and fed up by discrimination and inequality in the society and demand action not more words.