The Energean View

The Energean View - 08/03/2021

Dr. Katerina Sardi - Country Manager in Greece

Dr Katerina Sardi, Energean’s Greece Country Manager argued at the Delphi Forum that It is vital that we see more positive support for gas from the EU. Domestically produced gas can and should provide sustainable, affordable, reliable energy.

We have to recognise that the world is now different to when our current energy and environmental & energy policy was devised. The core foundations of cheap and secure Russian gas, global peace and stability are no longer viable.

This is not an argument against green energy. Low or no carbon energy needs support to reach a level where green electrons can replace blue molecules as fast as possible. However, given the fundamental change described above, we have to recognise that we need new sources of gas today, as green energy was planned to replace Russian gas in the 2030s and 40s, not 2024.

The Energean View - 08/03/2024

Every year, the UN announces a theme for the UN’s International Women’s Day. In 2024, it is “Invest in women: Accelerate progress”.

At Energean, we agree entirely and are proud to say that we have been “investing in women” and doing our best to “accelerate progress” for many years.

Energean has significant female representation at every level of the company, from Board to graduate entry, and has always made it a point of principle that – in a traditionally male dominated industry, Energean would be a standard bearer for female talent and development.

As we state in our DEI policy, we consider diversity, equity & inclusion to be business critical, not a compliance necessity. A diverse workforce strengthens our culture and our ability to deliver our business objectives.

The Energean View - 18/10/2023

Yesterday, at the Greek-British Symposium in London, Paddy Blewer, Energean’s Head of Communications & CSR took part in a discussion forum considering the energy security challenges faced by the EU, Greece and the UK in the light of the Russian invasion of Ukraine.

The distinguished panel considered the effects on European energy security, industrial capacity and socioeconomic dynamics; not just because of the results of the Russian – Ukrainian war, but as a result of over a decade of EU and (ex in the case of UK) member state energy transition, environmental and sustainability policy.

The vast majority of EU energy and environmental policy was written with the assumption that the EU would be able to take as much gas as Gazprom, Equinor & Sonatrach could deliver, until the necessary technological, engineering and investment challenges have been overcome and there could be a massive reduction in molecular energy consumption. This assumption follows on from the earlier European decision that domestic E&P should be cutback in favour of importing molecular energy, to demonstrate a commitment to fight climate change.

The Energean View - 09/10/2023

Energean is an energy company committed to supporting socio-economic progress: we operate responsible, best practice local production of oil and gas. In a volatile world, we are an important player within a complex national system that moves to ensure energy security in Italy. This in turn provides socioeconomic security for our communities.

We have always put ourselves at the heart of the communities that host and staff our operations. It is through this symbiotic relationship that all parties can succeed on their respective and shared journeys. We are aware that there are some in our communities that need additional support – and Energean is in the position to provide knowledgeable, sustainable and intelligent support that goes beyond simple charity donations.

This is why we are so proud to announce our involvement in a unique program: 'Energy in Fermo. Together to fight energy poverty'.

The Energean View - 19/09/2023

Speaking at (a round table discussion) by the East Mediterranean Gas Forum, Energean CEO Mathios Rigas made the positive case for the investment in the combination of enhanced natural gas flows, dovetailing and integrated carbon capture & storage projects.

The global gas market remains tight, and molecular supply remains subject to volatility – just look at the responses to both strikes in Australia and overrun maintenance in Norway. In the Eastern Mediterranean, the short-medium term energy alternatives are all significantly more pollutive than natural gas. Both coal or high sulphur fuel oil have significant carbon cost and create lung damaging air pollution. Gas is and will remain the catalyst for and foundation of a more sustainable energy dynamic.

The Energean View - 05/06/2023

This World Environment Day we proudly celebrate our progress in contributing to a healthier planet.

As we demonstrated in our recently published Sustainability Report, we have made significant strides in reducing both our absolute and intensity-based emissions. We have been particularly successful in reducing air pollutants through enabling coal and fuel oil to gas switching in Israel & Egypt. We have continued to expand the share of natural gas in our product portfolio, taking substantial measures to minimise our environmental footprint.

Since 2020, we have incorporated carbon pricing into our investment decision-making process to tackle climate change, ensuring that we consider our operations' environmental impacts and associated costs. Our commitment to zero routine-flaring remains unwavering across our entire portfolio. By eliminating routine flaring, we reduce greenhouse gas emissions and prevent the release of harmful pollutants into the atmosphere.

The Energean View - 08/03/2023

 Karen Simon - Independent Non-Executive Chair, Energean Plc

Today is International Women’s Day, a day Energean has always championed as an important moment to reflect on our continued commitment to equality [and equal opportunities for all]. This year, the theme “Embrace Equity” coincides with the publication of Energean’s inaugural Diversity, Equity, and Inclusion policy. Energean has chosen to “embrace equity” through a detailed research process and consideration in creating our policy.

At Energean, ESG has always been at the heart of our business to build the best version of Energean possible. While the bedrock of our philosophy is to be a force for good in the communities that host our operations and teams, we also recognise that embracing a diverse, equitable, and inclusive workforce is essential to maximising our business's success and helping to achieve our goals.

The Energean View - 01/04/2021

In recent history the topic of global energy security has rarely been of such urgent importance. To overcome Europe’s current crisis, governments must review their imports and rethink their approach to energy system policy and regulation. For the oil and gas industry, whilst no single company can claim to have the solution, we do have a significant role to play, working to support newly prioritised energy security objectives.

Russia’s invasion of Ukraine and wider economic and geopolitical factors has resulted in an energy crisis in Europe that will ripple across the globally interconnected energy market. Russia supplies 40% of the EU’s gas, and a quarter of its crude oil. Unfolding events make that dependency appear even more myopic. The entire European energy system assumes Russia will always deliver. Until late, this mutual dependency has had no downside, leaving countries searching for solutions to reduce the reliance on Russia.

The Energean View - 08/03/2022

Karen Simon - Independent Non-Executive Chair, Energean Plc

This year's International Women's Day focuses on building a world free of bias, stereotypes and discrimination to achieve gender parity. As the world emerges from a pandemic and faces immediate challenges from the war in Europe to the inter-related issues of energy security and climate change, we need to make sure that the aim of achieving a gender-balanced society is not overshadowed and that momentum is not lost. In order to #BreakTheBias, it’s clear that both individuals and businesses collectively must play a role in reinforcing awareness of the need for creating a more diverse, equitable, and inclusive world.

This change must come from the top; decision-makers, particularly within our industry which has traditionally been a male-dominated one, need to think more openly – beyond their own perspectives. Instead of seeing a drilling engineer as a "man's job", preconceptions need to be challenged so we think beyond that and consider women for the role. By creating platforms to showcase women's skillsets, we can assist in this process.

The Energean View - 08/03/2021

 Karen Simon - Independent Non-Executive Chair, Energean Plc

This year’s International Women’s Day (8 March) is focused on women in leadership and challenging gender bias and inequality in order to achieve greater parity in the workplace. To achieve this, companies need to establish more opportunities for women to shine and undertake open and honest conversations on promoting women to leadership positions. And men need to be included in these conversations.

Those with the power to appoint and promote must think more openly – beyond their own perspectives. Instead of seeing a drilling engineer as a “man’s job”, they must challenge themselves to think beyond that and consider women for the role. By creating platforms to showcase women’s skill sets we can assist in this process.