Inside Energy ADIPEC 2025 by Energy Industries Council

Introduction

Under the theme Energy. Intelligence. Impact., ADIPEC 2025 returns to unite industries, investors, innovators and technologists to transform dialogue into delivery. It serves as a platform where solutions are showcased, strategic decisions are made and collaborations are catalysed to drive systemwide transformation and unlock long-term value.

Once again, the Energy Industries Council (EIC) is proud to manage the UK pavilion at what is recognised as one of the world's largest and most prestigious energy events.

Over the course of four days, ADIPEC will welcome more than 205,000 attendees from across the globe, including leading energy producers, government representatives, major contractors and critical supply chain stakeholders. This unparalleled gathering offers extensive opportunities for collaboration, knowledge exchange and innovation.

Spanning multiple exhibition halls, the ADIPEC exhibition will host over 2,250 exhibitors representing the entire global energy ecosystem. This includes 54 NOCs, IOCs and IECs, 30 dedicated country pavilions, four specialised industry zones focused on decarbonisation, digitalisation, maritime and logistics and artificial intelligence.

Since 2000, the EIC's international trade team has proudly supported UK companies at ADIPEC, helping businesses showcase their capabilities and secure tangible returns on investment. What began as a biennial showcase has evolved into our largest international pavilion and this year promises to be no exception.

The UK pavilion will occupy Halls 8, 12, 15 and 17, hosting 125+ innovative companies alongside dedicated pavilions from Scottish Development International (SDI) and Wales Cymru. In addition, nine leading contractors will be providing exclusive one-to-one meetings throughout the week, ensuring the UK pavilion remains a hub of business activity and opportunity.

This is an exciting and pivotal moment for the energy sector, particularly in the Middle East. Insights from the recent EIC Survive & Thrive IX report revealed that companies operating in the region achieved an average growth rate of 68%, significantly outperforming the global average of 10-20%.

As the global energy transition continues to accelerate, opportunities are expanding across AI, decarbonisation and other transformative technologies. ADIPEC 2025 offers a unique platform to explore these innovations, forge strategic partnerships and contribute to shaping the future of energy.

Whether this is your first time at ADIPEC or you're a returning delegate, we invite you to explore the UK pavilion, connect with our exhibitors and meet the EIC team. We look forward to welcoming you and supporting your growth in one of the world's most dynamic energy markets.

Ryan McPherson, Regional Director, Middle East, Africa & CIS ryan.mcpherson@the-eic.com

Ryan McPherson

ADIPEC preview

with Camilla Tew Director, EIC International Trade

The International Trade team is proud to once again be hosting the UK pavilion at ADIPEC, taking place on 3-6 November in Abu Dhabi

The EIC has been managing UK pavilions at ADIPEC for over 20 years, which has enabled us to witness its growth into one of the world’s most influential energy events as well as seeing how UK companies are leading the way by offering innovative products and services renowned worldwide for adding real value to projects and the local supply chain.

There are over 983 energy projects across all sectors under development in the Middle East region from 20252030 with an estimated CAPEX worth over US$1,367bn; ensuring that the Middle East continues to be a key area of focus for companies as they seek to maintain the UK supply chain’s position as a trusted and proven partner in the Gulf region.

In 2024, the EIC announced the expansion of the UK pavilion within three halls. We are delighted to announce that this year, the UK pavilion will be spread across four halls: Hall 8, 12, 15 and the newly created Hall 17.

The addition of this purpose-built hall, dubbed the ‘Future of Energy Hall’ reflects the growing need for diverse solutions to deliver a high-growth, lower-carbon future and we are thrilled to support UK companies in exhibiting within this exciting new development at the show.

An astonishing 125 companies will exhibit within the UK pavilion this year, making 2025 our largest pavilion to date.

The Scotland pavilion and Wales pavilion will once again join the UK pavilion in Hall 8 – hosting 26 and 12 co-exhibitors, respectively.

Located in a prime position at the centre of the exhibition halls, the pavilion is a constant hive of activity. The EIC invites its extensive network of contacts to the pavilion to develop bi-lateral trade through the following opportunities:

EXHIBITOR

& SPONSOR LIST

ABL Group 8539

Abtech 8338

Acteon 8450Scotland Pavilion

Advanced Sensors 8256

AGR 8450Scotland Pavilion

Airpac Rentals 8415

AISUS 8450Scotland Pavilion

AJT Engineering Limited 8450Scotland Pavilion

Alba Gaskets 8355

Alfa Laval 8550

Amnitec 8650Wales Pavilion

ASCO Engineering & Surface Technology 8438

Beamex 8554

BiSN 8616

Bodycote 8254

Brannan Instrumentation 15546

Brimmond 8635

Marine consulting and engineering, asset integrity management, marine survey, inspections and audits, marine warranty surveys (MWS), infrastructure and vessel design, geoscience consultancy, reservoir audits and subsurface consultancy, pre-FEED and FEED, EPC, risk and loss management, auction support, owner’s engineering, decommissioning, drilling and well engineering, recruitment and staffing, training, Software, decarbonisation, energy transition and environmental impact engineering

Electrical & Instrumentation, E&I junction boxes in stainless steel and GRP, medium and high voltage enclosures up to 72.5kV, hazardous area lighting, and local control stations, with selected products available with global certifications including ATEX, IECEx, and ECAS Ex.

Foundation Installation, Geotechnical surveys, Mooring Equipment, Scour and structural surveys and repairs, Decommissioning, Digital Services and Data Monitoring, Drilling, grouting and lifting, Engineering consultants, Foundation design, engineering and installation, Geotechnical surveys, Project design and feasibility, Seabed Survey

Advance Global Recruitment (AGR) is a trusted partner to energy companies worldwide, delivering agile recruitment solutions across the full energy lifecycle—from oil and gas to renewables. AGR ensures personnel are globally deployed, trained, and certified to meet industry standards. Through tailored recruitment strategies and training support, AGR helps clients maintain operational continuity and drive sustainable growth

Equipment Rental, Air Compressors, Steam Generators, Nitrogen Production Units

Inspection Services, Subsea and vessel inspection services

Mooring Equipment, Marine/Subsea equipment (Umbilicals, Risers, Manifolds), Steel fabrication, Drilling and well equipment design and manufacture, site services, specialist welding, assembly and high-pressure hydro testing to 22,500psi

Reverse Integrity Testing system, Equipment manufacture, Subsea design and manufacture, Flange Reverse Integrity Testing System, Hydraulic and Nitrogen leak test equipment

Antifouling Technology & Deposit Protection Technology

Thermal Spray Coating, Laser Cladding, CNC Manufacture and Precision Finishing

Calibration solutions, Calibrators, Calibration Hardware, Calibration Software, Calibration Management, Field Calibrators, Workshop Calibrators, Expert Services

Innovative sealing solutions using bismuth alloy technology

Heat Treatment, Coatings, Thermal spray coatings (HVOF, plasma spray)

Temperature & pressure instrumentation and associated accessories, Electrical & Instrumentation, Equipment manufacture

Equipment Rental, Decommissioning, Equipment manufacture, Marine/ Subsea equipment (Umbilicals, Risers, Manifolds), Marine Cranes

EXHIBITOR & SPONSOR LIST

BS&B Safety Systems (UK) Ltd 8520

CR Encapsulation Ltd 8450Scotland Pavilion

Cable Solutions Worldwide Ltd 8450Scotland Pavilion

Calder Ltd 12119

Cargostore Containers LLC 8620

Central Wire Industries UK LTd. 8556

Chemostrat 8650Wales Pavilion

Clarksons Research 8356

CMP Products 8434

Cokebusters 8538

Concrete Canvas 8650Wales Pavilion

Crescent Engineering FZE 12250

Crowcon Detection Instruments Ltd. 8535

Cutting & Wear 8339

Cylinders Holding 15542

DALY MIDDLE EAST LLC 8350

Danum Well Services Ltd. 8556

Equipment manufacture, Pressure Safety Management, Safety Equipment, Safety Systems: Rupture Disk Devices, Safety Heads, Custom Engineered Products, Industrial Explosion Protection, Safety Relief Valves, Flame Arresters, Emergency Relief, Breather Vents, Buckling Pin Relief Valves

Subsea design and manufacture, Electrical & Instrumentation, Marine/Subsea equipment (Umbilicals, Risers, Manifolds)Electrical and Fibre Optic Subsea Connectivity

Cable Protection, Power, Instrumentation, Fibre and data cables for many industry sectors, Specialists in the supply, design and distribution of Offshore, Marine, Subsea Cables & Top Drive Service Loops to support the global energy industry.

Decommissioning, Drilling and well equipment design and manufacture, Equipment manufacture, Machinery/plant design and manufacture, Design, assembly and test of high pressure and hazardous area pump packages, vacuum systems, compressors for every industry

Equipment Rental/Supply, Equipment Rental, Safety Equipment, Bespoke DNV 2.7-1 Offshore CCUs

Well services contractors, Drilling and well equipment design and manufacture, Equipment manufacture, Access, Central Wire Industries manufactures wire, SUPA Slicklines, profiled wire, knitted mesh and welding wire for the Oil & Gas industry

Geoscience Consultancies, Laboratory Services

Market intelligence, covering Maritime and Offshore Energy, Fleet & Orderbook data and analysis, Online Digital platforms (Offshore Intelligence Network & Renewables Intelligence Network), Publications & Reports

Cable Protection

Inspection Services, Engineering Consultants, Technology Licensor Operation and Maintenance contractor, Mechanical Cleaning of Tubes and Pipelines

Civil engineering, Soil Erosion Control Solutions

Engineering Contractors (pre-FEED/FEED), Engineered Process Packages, Project Design & Feasibility, Water Treatment, Crescent Engineering specialises in the design and delivery of custom oil & gas processing plants and advanced produced water and wastewater treatment solutions. Providing end-toend engineering and construction services, combining technical expertise with proven project execution capabilities to support clients from early-stage feasibility through to full project delivery

Fixed Gas Detection, Portable Gas Detection, Flame Detection

Drilling and well equipment design and manufacture, Engineering support, Equipment manufacture

Marine/Subsea Equipment (Umbilicals, Risers, Manifolds), Business Development, Cylinders

Electrical & Instrumentation, Safety Equipment

Provision of Supa slicklines, Dyform well service strands, and ORB sheaves for slickline and wireline. Specialists in well intervention

EXHIBITOR & SPONSOR LIST

Decom Engineering Ltd 8450Scotland Pavilion

Digital Edge Subsea 8514

Digitising Reality 8450Scotland Pavilion

E2S Warning Signals 8630

Enhydra 8552 •

EPIC 8450Scotland Pavilion

ESI Technology Limited 8650Wales Pavilion

Fibron BX Ltd 8534

Fifth Ring 8450Scotland Pavilion

Flexitallic 8511

Fulkrum Technical Resources 8415

Decommissioning contractor, Equipment Rental/Supply, Engineering support, Equipment manufacture, Subsea Cutting

IT Hardware/Software, Equipment manufacture, Equipment Rental/Supply, Inspection Services, Digital Video Recording and Remote Inspection Services

Digital modelling, digital twins, asset integrity, emissions monitoring, predictive maintenance, AI-powered data analysis of assets providing real time reporting and actionable insights

We specialise in safety equipment, safety systems, and equipment manufacturing, delivering high-performance notification signals, initiation and detection devices for fire alarm and mass notification use. Our products are approved for NEC and CEC Class/Division and Zone applications, rigorously tested to UL38, UL1480, UL1638, and UL1971 standards. Designed for reliability in critical conditions, our solutions provide the highest level of life safety across marine, industrial, hazardous location, and explosion-proof environments, ensuring compliance, durability, and protection where safety is paramount

Safety Systems, IT Hardware/Software, Digital Services / Data monitoring, Safety Equipment, Access Control Systems

Equipment Rental/Supply, Engineering Consultants, Water Treatment, Main Process Units, Produced Water Treatment: Deoiling Hydrocyclones, Desanding Hydrocyclones, Induced Gas Flotation, Compact Flotation Units, Micro-Bubble Flotation, Degassers, Nutshell Filters, Media Filters, Cartridge Filters, Coalescing Filters, Absorption Filters. Sand Management: Wellhead Desanders, Sand Transportation, Sand Wash Hydrocyclones, Online Sand Jetting zzles and Manifolds. Water Injection Systems: Coarse Strainers, Desanding Hydrocyclones, Multi-Media Filters, Vacuum Deaeration. Environmental & Industrial Water Treatment: Corrugated and Tilted Plate Separators (TPI/CPI), Coalescing Oil Separators, Lamella Settlers Services: Feasibility and FEED Studies, Third Party Design Reviews, Pilot Trials and Equipment profiling, Operator Training, Full packaged plant, Spare parts and the supply of all vessel Internals

Electrical & Instrumentation, Electrical & Instrumentation, Electrical & Instrumentation, Electrical & Instrumentation, Pressure transmitters and pressure sensors

Components Supplier, Cable Protection, Array Cables, Export & array cables and components, Design and manufacture of bespoke cables and umbilicals and the associated terminations

Business Development, Marketing and Communications

Gaskets and Seals, Sealing Solutions, Engineering support, Training, Joint Integrity, Services, Integra Technologies; Controlled Bolting, On-Site Machining, Flexlogics Software; Torque Calculator, Gasket, Selector, Flange Management

Inspection Services, Staffing, HS&E Services, Safety and environmental regulatory compliance, Auditing & Expediting Greene Tweed 8432

Halton Wales (MEI) 8650Wales Pavilion

HCS Control Systems 8450Scotland Pavilion

n-metallic materials (elastomers, plastics, composites)

Electro-Mechanical Equipment, Equipment manufacture, Safety Systems, Safety Equipment, Fire Dampers, Isolation Dampers, Blast Dampers, Moisture/Salt Eliminators, Volume Control Dampers, Pressure Relief Dampers, n Return Dampers, Bespoke Dampers

Subsea Trees, Decommissioning, Equipment Rental/Supply, Equipment manufacture, IWOCS Rental, Manpower services, Design & Manufacturing, Subsea tooling rental, Subsea equipment refurbishment, Topside Services

Company Name

Hi-Force Limited 8330

HMS Networks 15540

HMT 8631

Holyhead Towing Company 8650Wales Pavilion

HRH Geology 8638

Hubbell 8617

Imtex Controls 8650Wales Pavilion

Innospec Inc. 8238 •

Inov8 Systems Ltd 8512

J&S Subsea Limited 8450Scotland Pavilion

James Walker 8611

Kent 8230

Monaco Engineering Services 17119

Norco Al Yaseah Energy Services LLC 8558

NOVOSOUND LTD 8450Scotland Pavilion

OEG 12115

Orga bv 8430

Equipment manufacture, Heavy Lift, Equipment Rental/Supply, Training, A wide range of hydraulic tools and bolting equipment are available to cater to the client's project and application requirements. Our services include tool rental, repair and calibration, onsite services, and Hi-Force product training as well as the ECITB approved Mechanical Joint Integrity (MJI) training courses

Access, IT Hardware/Software, Waste management, Cyber Security, Industrial Automation

Tank Design and Manufacture, Chemicals, Safety and environmental regulatory compliance

Specialist Vessels, Vessel Supply, Workboats and Helicopter Services, Shallow-draft Tug Operator

Hardware/Software

Cable Protection, Castings, Array Cables, Beacons/Strobe warning lights, cable glands, cable management, conduit fittings, controls AC/ DC components, drag chains/festoons, driller’s intercom, electrical connectors & tools, electrical enclosures, fire pump controls, grounding & bonding, HV arresters & insulators, lighting (egress), lighting (LED), medium voltage connectors, motor controls/meter starters, plugs & receptacles, power distribution, public address/general alarm, resistors, braking & chopping, transformers/power quality

Equipment manufacture, Equipment manufacture

Provides a wide range of Fuel Additives, Marine Additives, and Oilfield Solutions & Services

Equipment manufacture, Electrical & InstrumentationOil in Water Analyzer, Analyzers

J+S Subsea is a specialist provider of engineering, operational support, and maintenance services for subsea equipment, with a strong focus on the Subsea Production Control market. Key services are: Bespoke subsea engineering solutions, Reverse engineering of obsolete equipment, Technical fault finding and restoring functionality of faulty equipment, Engineering design for small scale greenfield and brownfield projects, Supply of goods and service for small scale greenfield and brownfield projects, Cable and control system monitoring and fault finding, Electrical and hydraulic intervention work, General electrical and electronic control system support, Critical spares reviews, Supporting waste management and reducing customer carbon footprint, ESG and advisory services

Non-metallic materials (elastomers, plastics, composites), tension control fasteners, flange management services, metallic gaskets

Engineering Consultants

Process Safety, Risk Assessment, Environmental and Asset Integrity Management providing solutions across all phases of design, commissioning, operations and decommissioning

Electrical & Instrumentation, Engineering support, Equipment Rental/Supply, Engineering Consultants, Uninterruptible Power Supplies, Battery Chargers, Batteries

Cable/Pipeline Route, Inspection Services, Testing, Certifications & Documentation

Cargo handling, well completion solutions, chemicals and tanks, custom engineered solutions, waste handling, and wider energy services

Safety and environmental regulatory compliance, Electro-Mechanical Equipment, Safety Systems, Aids to Navigation, Helideck Lighting, Remote power supply, obstruction Lighting solutions

EXHIBITOR & SPONSOR LIST

OsecoElfab 8435

PD&MS Group 8450Scotland Pavilion

Penspen 8358

Penta Global Engineering Company LLC 8530

Petrasco Energy Logistics 8450Scotland Pavilion

Petrostat 8650Wales Pavilion

Pharos Marine Automatic Power Limited 8639

Pioneer Safety Group 8258

PJ Pipe and Valve Co Ltd 8634

Poole Process Equipment 8335

Premaberg Manufacturing Ltd 15541

Premier Corex 8450Scotland Pavilion

Premier Ship Models Ltd 8334

Protectoseal 8614

Radiodetection 8515

Raytec Ltd 12117

Reid Lifting 8650Wales Pavilion

Rhino Hysafe 8650Wales Pavilion

ROVOP 8450Scotland Pavilion

Rupture discs, explosion vents, burst sensors, and pressure relief design, engineering, training and support services

EPC, Engineering contractors (pre-FEED/FEED), Engineering Consultants, Decommissioning contractor,

Engineering Consultants, (Pre-FEED, FEED), Asset Integrity, Project Management Consultancy, Asset Management, Infrastructure repurposing for hydrogen / CO2 / green ammonia

EPC Contractor. General Construction Contractor for major EPC Projects. Specialised piping and steel fabrication services provider, including testing and painting

Logistics

Geoscience Consultancies, Laboratory Services

Electrical & Instrumentation, Port and Logistics, Remote Power Solutions, Aids to Navigation Equipment, Helideck Lighting Equipment

Safety Systems, Safety Equipment, Safety and environmental regulatory compliance, Equipment manufacture,

Design, manufacturing and supply of Industrial valves for oil & gas applications

Equipment manufacture, Steel Fabrication, Tank Design and Manufacture, Boilers, Shell & Tube Heat Exchangers, Air Cooled Heat Exchangers, Pressure Vessels

Equipment manufacture

Laboratory Services, Geoscience Consultancies, Project Management, Well Services Contractors

Premier Ship Models crafts precision scale models for the energy industry and beyond. From offshore vessels to tankers / FPSOs to nuclear power stations, we combine traditional craftsmanship with modern technology to deliver accurate, bespoke models trusted by global worldwide corporations over the last 20 years. Pls visit our corporate website https://www.premiershipmodels. com/ae/ for more information

Safety Equipment, Equipment manufacture, Ancillary equipment

Cable Protection, Cable/Pipeline Route, Environmental surveys, Safety Equipment, Cable avoidance tools

Safety Equipment, Equipment manufacture, Electrical & Instrumentation, Safety Lighting for Hazardous Areas

Heavy Lift, Climbing and safety equipment, Access, Water Treatment, Lifting of materials and personnel upt0 5000Kg

Safety and Environmental Regulatory Compliance, Safety Systems, Security Systems, Compressor Design and Manufacture

Subsea and vessel inspection services, Inspection Services

RXHK 15544 • STATCOM, BESS, VSC - HVDC, Large electrical drives

Safelift Offshore 8610

Access, Decommissioning, Safety Equipment, Equipment Rental

EXHIBITOR & SPONSOR LIST

Company Name

SAS Environmental Services Ltd 8450Scotland Pavilion

Scottish Development International 8450

Sensoteq 8415

SGS 8250

Sonardyne 17120

Speedcast 8415

SPP Pumps 8439

Sterling Thermal Techlogy 17117

Sureclean 8450Scotland Pavilion •

Synectics 15548

THREE60 Energy 8555

Tomoe Valve Ltd 8650Wales Pavilion

TPS WeldTech Ltd 8450Scotland Pavilion

Trelleborg Marine and Infrastructure 8431

Trident IES 8450Scotland Pavilion

TWMA 8410

Victaulic 12110

Chemicals, Decommissioning, Environmental services, Environmental surveys

Remote Condition Monitoring for Predictive Maintenance - ATEX Certified Wireless Sensors and Machine Health Analytics Platform

Testing, Certifications & Documentation, Inspection Services, Environmental services, Safety and environmental regulatory compliance, Discipline labs, Consumer Product Certification, ISO Certification, Food Safety

Subsea design and manufacture, Equipment manufacture, DP Positioning

IT Hardware/Software, VSAT, Telecommunications, System Integration, Professional IT Services

Equipment manufacture, Engineering Consultants, Engineering support, Ancillary equipment, Fire protection

Equipment Rental, Equipment manufacture, Ancillary equipment, Aftermarket-MRO

Industrial Services, NORM Decontamination & Management, Oil Spill Prevention and Response

Security Systems, Safety Systems, Synergy security and surveillance software, COEX Cameras (hazardous-area and safearea)

Decommissioning, Digital Services / Data monitoring, Drilling Contractor, Engineering contractors (pre-FEED/FEED), Engineering, Procurement, Construction & Commissioning, Operations & Maintenance, Topside Management, Subsea Engineering, Subsea Techlogies

Equipment manufacture, Butterfly Valves

Welding automation systems, Equipment manufacture, Equipment Rental/Supply

Equipment manufacture, transfer systems, transfer hoses, filtration, strainer equipment, safety link systems

Trident IES is a leading provider of HVAC, refrigeration, & modular door maintenance & engineering solutions. We specialise in the design, installation, repair & maintenance of HVAC & Door applications across critical energy infrastructure, including onshore refineries to offshore installations, FPSOs, and windfarm substations. As an ISO accredited organisation, our expert on & offshore teams are focused on delivering the highest quality, environmental, & safety standards in every project we undertake

Waste management, Drilling Waste Management

Cable/Pipeline Route, Engineering support, Pipeline design, Project design & feasibility, Couplings, Valves, Fittings, Sprinklers Wales Cymru 8650 Business Development

Wall Colmonoy 8650Wales Pavilion

Walter Frank 8513

Castings, Heat Treatment, Turbine Blades, Coatings, Air & Vacuum Casting, Finish Machining, Additive Manufacture, Metallic Powders, Brazing, HVOF

Equipment manufacture, Safety Equipment, Project management

& SPONSOR

WeConnect Energy 8450Scotland Pavilion

Weidmuller Middle East (FZE) 8252

Westerton Access 8450Scotland Pavilion

William Hackett 8336

Wolf Safety 8510

Woodcock & Wilson Ltd 8415

Wozair Limited 8518

Xodus Group

8450Scotland Pavilion

Xylem 8650Wales Pavilion

Zelim 8450Scotland Pavilion

Recruitment

Electrical & Instrumentation,Electrical & Electronic products

Providing offshore structural inspections and Subsea services to the offshore energy sector, ROV Services, Equipment Rental/Supply

Heavy Lift, Equipment manufacture, Safety Equipment, Marine/ Subsea equipment (Umbilicals, Risers, Manifolds)

ATEX and IECEx safety lighting for potentially explosive atmospheres

Electro-Mechanical Equipment, Equipment manufacture, Machinery/Plant Design & Manufacture, Equipment Rental/ Supply, Woodcock & Wilson design and manufacture highperformance industrial fans for a wide range of applications, including HVAC, power generation, offshore, marine, tunnelling, and hazardous areas. Our product range includes axial flow fans, centrifugal fans, and ATEX/IECEx-certified explosion-proof fans. In addition to fan manufacture, we offer a comprehensive suite of services including fan testing, balancing, performance upgrades, on-site servicing, installation support, condition monitoring, and repairs. We also provide tailored engineering solutions, acoustic enclosures, fan control systems, and expert advice to help customers meet complex ventilation and safety requirements.

Machinery/plant design and manufacture, HVAC Design & Manufacture

Global energy consultancy helping clients deliver sustainable, low-carbon and high-value projects through integrated strategic, technical and environmental expertise

Water Treatment

Safety Systems, Safety and environmental regulatory compliance, Security Systems

FX PAYMENT PARTNER

Corpay Cross-Border Solutions is a global leader in Global Payments and FX Risk Management solutions, helping companies protect their bottom line whilst managing their FX exposure.

Corpay can help you:

• Make your payment processes more efficient

• Reduce expenses associated with errors on international business payments

• Give you greater visibility and control over your international business payments

To find out how Corpay can help your company navigate the complexities of the Global Payments marketplace, get in touch with the Corpay Team here: https://cross-border.corpay.com/ energy-industries-council/

UK Pavilion Floorplan

Hall 15 The Chevron Hall

Hall 17 The Future

Special project opportunities in the MENA region

by Aisyah Sarjuni EIC Energy Analyst – MENA

Over 1,100 projects are tracked on EICDataStream in the Middle East and North Africa (MENA) region as of August 2025

Figure 1: Project announcements in MENA since 2020 by energy sector. Source: EICDataStream

Over 1,100 projects are tracked on EICDataStream in the Middle East and North Africa (MENA) region as of August 2025. In the last five years, tides have changed in the region with the progressive diversification of its energy mix. Based on Figure 1, projects announced within the renewables and energy transition (hydrogen, carbon capture, energy storage and biofuel/SAF) sectors reached its peak in 2024 with a combined total of 53 projects. The steady recovery of the oil and gas sector proved a foundation for economic stability and ensuring supply chain security. This has allowed the establishment of new policies and funding which support the global decarbonisation targets.

MENA records a total of US$1,372bn in potential investments across all energy sectors by 2031. In Figure 2, the oil and gas sector dominates the market share with an estimated CAPEX of US$843.7bn. The power sector holds 13.2% of the total CAPEX as more gas-fired power plants are being built to ensure sufficient and stable baseload power. Investments for renewables and hydrogen projects are catching up with 21.6% of the total market share, as the region leverages its solar and wind power advantages for green hydrogen and ammonia production. While this supports its own decarbonisation goals, demand and funding from the European market also plays an equally instrumental role for export opportunities. Hydrogen’s rapid expansion contrasts with the development of remaining energy transition sub-sectors, which currently hold only about 1.6% of the total market share.

The top 10 countries in Figure 3 represent a combined estimated CAPEX of US$1,308.4bn, mainly driven by upstream developments in the Middle East. KSA, Iran and UAE top the chart as major oil and gas investors, with the estimated CAPEX in each country reaching US$219.9bn, US$219.5bn and US$181.1bn respectively. Egypt comes in fourth with the most diverse investment portfolio across all energy sectors with approximately US$181.1bn on the line. Although the oil and gas sector is still a key driver for the top 10 markets, mature renewables and energy transition projects are contributing significantly to the CAPEX pipelines, especially in Egypt, Oman and KSA.

Figure 2: CAPEX overview for the MENA region for developing projects up to 2031. Source: EICDataStream

Figure 3: CAPEX distribution across MENA by country and sector for developing projects up to 2031. Source: EICDataStream

Number of projects announced in MENA since 2020

MENA energy market overview (2025-2031)

Estimated CAPEX overview in MENA (2025-2031)

Figure 4: Oil and gas opportunities by project stage in MENA by 2031. Source: EICDataStream

The MENA oil and gas sector records estimated investments of US$398.8bn for upstream, US$309.7bn for midstream and US$133.5bn for downstream. Based on Figure 4, approximately US$96.7bn worth of projects are still in the feasibility and field exploration phase.

Most of the projects are coming from exploration fields in KSA, upcoming chemical plants in Egypt and planned pipeline constructions across the region. Over half of the projects in the engineering phase are downstream projects with upcoming refineries and petrochemical complexes across the Middle East. Projects that have advanced through EPC account for US$611.3bn of the total CAPEX where 46% of the total investments are from the upstream sector. Approximately US$88bn constitute for projects that are still in the tendering and bidding process.

With a focus on energy security and trade, the region continues to boost its production rates. Saudi Aramco leads the GCC region with 11 new exploration projects in 2025. Multiple onshore blocks were recently awarded in North Africa, where QatarEnergy announced its debut in the region after winning the Ahara Block in Algeria’s 2024 bid round.

Egypt awarded 13 exploration wells in June 2025 while the winners for Libya’s 2025 bid round will be announced by end of 2025. The downstream sector is catching up with significant demand from Asia. Saudi Aramco reported in mid-2025 that the company is halfway through its target of converting 4MMbpd crude oil to chemicals by 2030 where China is a major exporter. The midstream sector observes more pipeline construction to support the oil and gas transport network within MENA and hydrogen transport to EU countries.

5: Projects of interest for the oil and gas sector in MENA. Source: EICDataStream

Ratawi Field Development:

The Ratawi oil and gas field is developed in Iraq under TotalEnergies’ Associated Gas Upstream Development (AGUP). The field holds an estimated 1.75Tcf of gas and 10bn barrels of oil. TotalEnergies has awarded Wood plc with a three-year term engineering and procurement contract for Phases 1 and 2 of the project.

Kirkuk to Ceyhan (Iraq to Turkey) Oil Pipeline – Rehabilitation and Reopening Project:

Two 970km oil pipelines from Kirkuk, Iraq to Ceyhan, Turkey, will be modernised to transport 1.6MMbbl/d of oil. A new 350km pipeline length will be added with 1.0 MMbbl/d transport capacity. Iraq’s Ministry of Oil is currently reviewing a proposal to renew the old Turkey-Iraq crude oil pipeline agreement.

TA’ZIZ – Ruwais Derivatives Park:

Seven chemical production facilities to be built in the TA’ZIZ Industrial Chemicals Zone, Ruwais, UAE. The production capacities will cover 0.94mtpa of chlor-alkali, 1.1mtpa of ethylene dichloride and 0.36mtpa of PVC, maleic anhydride, methanol, ammonia, isopropyle alcohol and elastomers. Two contracts were awarded in 2025 for the methanol production facility; with Samsung E&A securing a US$1.7bn EPC contract and Wood a project management consultancy (PMC) contract.

Renewables and Power:

Although oil and gas remains a key sector for MENA, the region is seeing positive progress towards a greener energy grid. US$173.9bn investment is estimated for the addition of 171.3GW renewable power capacity. In contrast, US$196.1bn is needed for 128.1GW of conventional power capacity, reflecting the low costs associated with developing renewable technologies. The renewables sector is further supported financially by the EU. The European Investment Bank (EIB) launched the Blue Mediterranean Partnership (MBP) which aims to support a sustainable blue economy in the southern Mediterranean and Red Sea. MBP recently funded the feasibility study and technical support for Morocco’s first offshore wind farm in Essaouira, totalling 1GW.

Figure

Planned power capacity (GW) additions by country and industry sector

Figure 6: Planned power capacity additions across MENA for developing projects up to 2031. Source: EICDataStream

Based on Figure 6, KSA continues to dominate 30% of the region’s total upcoming power capacity additions of 280.9GW. KSA has 42.7GW of upcoming solar capacity, driven by its target of reaching 130GW of renewable capacity by 2030. ACWA Power remains a key player, holding 50% of the total developing solar projects up to 2031. Onshore wind power is mainly concentrated within Egypt where it holds approximately 31GW out of its total 44.5GW planned power capacity. In line with Egypt’s national strategy to localise its renewables supply chain, the addition of upcoming solar component manufacturing plants may grow its solar power capacities in the upcoming years.

Estimated CAPEX ($ million) for energy transition sector by country

Figure 8: Estimated CAPEX for developing energy transition projects across MENA up to 2031. Source: EICDataStream

The energy transition sector constitutes US$166bn of the region’s overall CAPEX share, with 86% from green hydrogen. Commercial viability remains a key hurdle with over 55% of the total developing projects still in the planning stage. Oman continues to lead the hydrogen market with investments reaching US$41.7bn, followed closely by Egypt with US$39.2bn. Infrastructure development and government support are key drivers in moving the sector forward. For instance, MENA records 14.7GWh of potential energy storage capacity which will bridge the gap between green hydrogen and renewable energy intermittency.

Figure 7: Projects of interest for power and renewables sectors in MENA. Source: EICDataStream

Onshore Wind Farm – ACWA Power & Hassan Allam Holding: Two phases of an onshore wind farm with 550MW capacity each to be built in Egypt’s Gulf of Suez. A financial investment decision (FID) was reached in January 2025 after securing a US$703.6m debt facility out of the total US$1.2bn estimated CAPEX.

Al Sadawi PV Solar IPP – NTP Round 5: The 2.3GW project was tendered under the fifth round of the National Renewable Energy Programme (NREP). It is developed under a build-own-operate (BOO) basis in the KSA by Masdar, GD Power Development Co Ltd and Korea Electric Power Corporation (KEPCO). FID was received in August 2025 through a US$1.1bn financing by eight regional and international lenders.

Az Zour North IWPP – Phase II and Phase III: The US$4bn project is expected to produce 2.7GW power and 120MIGD of desalinated water. It will be built in Kuwait’s Al-Zour region, under a 25-year BOT model.

Figure 9: Projects of interest for the energy transition sector in MENA. Source: EICDataStream

Yanbu Green Hydrogen Project Phase I: ACWA Power and EnBW are developing a green hydrogen hub in KSA’s Yanbu region, which utilises a 4GW electrolyser to generate up to 400,000tpa of green ammonia. Técnicas Reunidas and Sinopec were appointed to perform FEED for the project.

Ras Laffan Industrial City (RLIC) Carbon Capture Project: This project is part of QatarEnergy LNG’s LNG train expansion project at Ras Laffan, Qatar. It is expected to capture 4.3mtpa of CO2 from QatarEnergy LNG North 7 trains and QatarEnergy LNG South 3 trains. The captured CO2 will then be compressed and injected into newly developed injection wells, requiring the installation of additional compression trains and pipelines.

Jubail e-SAF Plant: Nordic Electrofuel signed a MoU with the Jubail Royal Commission to develop an e-SAF plant. The project will produce 280,000tpa of e-SAF using solar energy from existing assets in the region.

INTERNATIONAL TRADE

EVENT LISTING 2025 | 2026

UK & EIC PAVILIONS AND DELEGATIONS

World Nuclear Exhibition (WNE) | Paris, France | UK & EIC Pavilion 4-6 November 2025

Trade Delegation to Mozambique | Delegation 24-27 November 2025

World Future Energy Summit (WFES) | Abu Dhabi, UAE | UK & EIC Pavilion 13-15 January 2026

Hyvolution | Paris, France| UK & EIC Pavilion 27-29 January 2026

Trade Delegation to Angola | Delegation 23-27 February 2026

Wind Expo Japan | Tokyo, Japan | UK & EIC Pavilion 17-19 March 2026

Trade Delegation to Chile | Delegation 9-13 March 2026

Trade Delegation to Guyana & Suriname | Delegation 13-17 April 2026

Offshore Technology Conference (OTC) | Houston, USA | UK & EIC Pavilion 4-7 May 2026

Trade Delegation to Nigeria | Delegation 11-15 May 2026

Trade Delegation to Egypt | Delegation 24-28 May 2026

INTERNATIONAL TRADE

EVENT LISTING 2026 UK & EIC PAVILIONS AND DELEGATIONS

OPES | Muscat, Oman | UK & EIC Pavilion 18-20 May 2026

Trade Delegation to Denmark & Norway | Delegation 1-5 June 2026

Beijing Energy Congress| Beijing, China | UK & EIC Pavilion 24-26 June 2026

ONS | Stavanger, Norway | UK & EIC Pavilion 24-27 August 2026

Oil & Gas Asia (OGA) | Kuala Lumpur, Malaysia | UK & EIC Pavilion 2-4 September 2026

ROG.e | Rio de Janeiro, Brazil | UK & EIC Pavilion 21-24 September 2026

WindEnergy Hamburg | Hamburg, Germany | UK & EIC Pavilion 22-25 September 2026

Trade Delegation to Spain & Portugal | Delegation 5-9 October 2026

Hydrogen Technology Expo Europe | Hamburg, Germany | UK & EIC Pavilion October 2026

Please note that the list is not final If you think there are any events we should attend, please contact the team

Sector analysis

The role of FPSOs in ensuring energy security

Floating production, storage and offloading (FPSO) units play a critical role in supporting energy security by enabling the exploration and production of hydrocarbons from remote and challenging offshore reserves. The first FPSO was used in 1977 on Shell's Castellon field in the Spanish Mediterranean. Since then, FPSOs have become key to offshore oil and gas production, especially in remote areas or where the sea is too deep for fixed platforms.

According to EICDataStream, the FPSO market is growing significantly, with 105 new FPSOs expected to begin operations globally between 2025 and 2034. South America leads the count, with 39 FPSOs expected to come online during that period. Among the countries in the region, Brazil emerges as the top market, with 30 FPSOs planned and Brazil's national oil company, Petrobras as the leading FPSO operator in the country. This growth in FPSO deployment reflects the increasing importance of offshore production in meeting global energy needs.

The FPSO market is expanding globally as offshore explorations increase in deepwater and ultra-deepwater segments. In Brazil, operators are using FPSOs to develop discoveries in the pre-salt region, such as the FPSO Marechal Duque de Caxias, which serves the Mero field at a water depth of 2,000m. In Angola, the FPSO Agogo, operated by Yinson Production, is a low-carbon vessel that operates at a depth of 1,700m and serves the Agogo and Ndungu fields. These advanced floating production assets are key to meeting the growing global energy demand. Meanwhile, operators favour floating solutions like FPSOs, as the cost of fixed platforms has increased. For example, the number of fixed platforms in Brazil is declining, while the number of FPSOs is growing, with many already in operation and more being planned.

Based on the graph, the country with the highest number of FPSOs in the Asia Pacific region is Australia, with 24 vessels, followed by Malaysia with 14. This figure reflects that FPSOs are now one of the preferred solutions for operators to develop oil and gas fields.

The top two countries in Asia Pacific have attracted major players in the FPSO market due to active governmental support. Global operators such as SBM Offshore, BW Offshore and Bumi Armada have invested in these regions, drawn by stable policy frameworks and favourable tax regimes.

DataStream

Malaysia's government has introduced incentives for marginal and deepwater fields under production sharing contracts (PSCs), which provide companies with lower taxes and accelerated tax deductions. Similarly, Australia's Petroleum Resources Rent Tax (PRRT) benefits FPSO projects by allowing companies to pay tax only after they generate profits, while the Offshore Petroleum and Greenhouse Gas Storage Act 2006 reduces the regulatory burden by having one national regulator, NOPSEMA, which makes the approval process more efficient. This makes FPSOs a more financially attractive solution for field development.

The flexibility and mobility of FPSOs make them ideal for marginal and remote fields and aligns with national energy goals of enhancing domestic energy production. Their mobility allows operators to maximise the lifespan of FPSOs by relocating them to different fields, which also contributes to faster deployment and a quicker response to growing energy demands. Advances in digital monitoring, modular topside systems and subsea tiebacks have also further improved operational efficiency.

On top of the FPSO benefits, the FPSO market also faces several operational challenges, especially in offshore environments where they are exposed to extreme weather conditions such as storms, high waves and strong winds. To manage these risks, modern FPSOs use advanced mooring and dynamic positioning systems to maintain stability and keep the vessel securely anchored, even in rough conditions. FPSOs can also face financial challenges, including high capital expenditure that can exceed billions of dollars, depending on project complexity and location. To overcome these challenges, operators and contractors should work together and leverage their expertise to ensure smooth FPSO development.

Corrosion is another major concern, as constant exposure to seawater can weaken the vessel's structure over time, so FPSOs are built with corrosion-resistant materials and undergo regular maintenance. Subsea inspections and repairs have also improved with the use of remotely operated vehicles (ROVs) and autonomous underwater vehicles (AUVs). Operating in remote offshore locations presents logistical difficulties, especially when transporting maintenance equipment and skilled personnel. However, advances in remote technologies and automation help to manage these challenges, allowing FPSOs to be maintained more effectively in isolated areas.

The current offshore development landscape is shifting towards deepwater and ultra-deepwater segments, making FPSOs an effective solution for operators. The flexibility and fast deployment of FPSOs can overcome the challenges of marginal and remote fields. Despite the challenges, FPSOs can be a game-changer for future energy security.

Layla Zinnirah Energy Researcher – Operational Assets & Decommissioning layla.nasir@the-eic.com

DataStream

AUSTRALIA Meredin Battery Energy Storage System

Operator: Atmos Renewables Value: US$144m

Atmos Renewables has achieved financial investment decision (FID) for 100MW/400MWh Merredin battery project. The construction is expected to begin in 2025. The EPC contract has been awarded to GenusPlus, while Tesla will supply the batteries.

For information on these and more than 16,000 other current and future projects we are tracking please visit EICDataStream

KUWAIT

Az Zour North IWPP –Phase II and Phase III

Operator: ACWA Power Value: US$4bn

ACWA Power and Gulf Investment Corporation (GIC) signed an agreement with KAPP and MEWRE to develop the power plant which will have a capacity of 2.7GW. The project will be developed under a 25-year build-operate-transfer (BOT) model.

Global opportunities

BRAZIL

Bumerangue Oil and Gas Discovery

Operator: BP Value: US$500m

BP has announced details of its largest oil and gas find in 25 years. BP will conduct laboratory tests to further characterise the reservoir and fluids, with additional appraisal activities planned, pending regulatory approval.

CROATIA Adriatic Subsea Interconnector

Operator: Terna SPA Value: US$1.8bn

The European Investment Bank (EIB), Terna, Intesa Sanpaolo (IMI Corporate and Investment Banking Division) and SACE have signed agreements totalling €1.5bn to back the development and construction of the project by Terna.

SOUTH KOREA

Offshore Wind Farm Anmado Island (Phase 1)

Operator: Equis Funds Group Value: US$860m

Taihan Cable & Solution has secured a turnkey contract worth KRW181.6bn (US$131.4m) to supply and install over 100km of submarine cables for phase's 1 and 2 of the offshore wind farm. The scope of work includes the design, manufacturing, transportation and installation of inter-array cables.

US CP LNG Export Terminal (Phase 1)

Operator: Venture Global LNG Value: US$16bn

Venture Global has announced a positive FID for the first phase of the CP2 LNG export complex. Worley has been given full notice to proceed with work under its reimbursable EPC contract with Venture Global. The assignment is being led by its teams in Houston (TX) and Reading (PA).

THE VOICE OF THE ENERGY SUPPLY CHAIN

DataStream

Are you up to date on the latest project developments in the energy market? The EIC’s leading market intelligence database – EICDataStream – contains information on energy projects and associated contracting activity from the inception stage all the way through to construction and commissioning.

• Access details on over 16,000 CAPEX projects across all energy sectors

• Identify business opportunities and inform your business development strategies

• Explore a truly global database, updated daily by an international team of analysts

• Stay up to date with project developments, including information on tenders and awards

• Get insights into what your existing clients are doing and identify potential new clients

• Have a direct interface with analysts for local knowledge and insights

• Access insight and country reports with in-depth data on specific sectors and markets

NEW COUNTRIES ADDED

SupplyMap

EICSupplyMap maps the capabilities of supply chain companies that operate across all energy industries. These industries cover renewables, oil and gas, power, nuclear and energy transition technologies like energy storage, carbon capture and hydrogen.

• Identify the supply chain local to your region, giving you the opportunity to engage with potential new clients.

• Find the supply chain capability in 12 regions, now covering the UK, Germany, Spain, Italy, UAE, Oman, Saudi Arabia, Malaysia, Singapore, Indonesia, US and Brazil.

• An in-depth look at profiles of more than 10,000 energy sector supply chain companies.

• Make smarter decisions by targeting your offering to international developers/operators and contractors matching your capability with international energy projects.

RIO

DUBAI

KUALA LUMPUR

HOUSTON

BERLIN

Member’s news

Proeon Systems announces relocation to new headquarters within the Norwich area

Proeon Systems, a leading systems integrator provider within the global energy sector, is proud to announce that as a result of its growing operations and expansion, it is relocating to a new, larger premises within the Norwich area. This strategic move underscores the company's sustained growth and commitment to better serving its clients and employees.

This provides Proeon Systems with an expanded space and state-of-the-art facilities, doubling the footprint of the current operating base. Providing the company with larger manufacturing/engineering/office space and improved infrastructure to support the company's increasing workforce and business operations, the building is situated 3 miles to the east of Norwich city centre, providing easy access to the A47 and the A11, as well as local infrastructure and services.

Proeon has experienced unparalleled growth in recent years, solidifying its position as a key player in the control and automations systems sector. As a result of winning several multi-million pound projects with clients across Europe in renewable energy, in particular the offshore wind sector and experiencing a strong market demand for its services providing bespoke control solutions for highly regulated and demanding applications across the globe, including oil and gas, nuclear, utility/national infrastructure and defence, this has led to Proeon's need to secure a larger purpose-built facility.

The new headquarters provides enhanced resources to support the company's mission and long- term vision. Proeon is excited about this new chapter and looks forward to welcoming employees, partners and clients to the new location.

Proeon is a specialist systems integrator supplying control and safety solutions for complex and critical applications. It provides complete turnkey systems, a combination of hardware, software, control and functional safety engineering coupled with service and support to its clients.

With 70+ skilled and talented staff, Proeon operates internationally providing bespoke solutions for complex and critical applications. Based in Norwich, Proeon operates across the global energy sector, ensuring development of robust and sustainable solutions to meet its client's specific requirements operating within challenging and hostile environments. In 2022 Proeon was acquired by RSK Group, becoming part of a family of 200+ environmental, engineering and technical services businesses.

The relocation reflects Proeon's dedication to innovation, excellence, efficiency and a dynamic work environment for its people.

In response to our rapid growth and increasing client demand, moving to a larger facility was a natural next step. This transition marks an exciting milestone in our journey and positions us for further expansion and success.

Richard Miller, Managing Director, Proeon Systems

The new premises is located at: 35A Barnard Road, Bowthorpe, Norwich, Norfolk NR5 9JB, UK

Spotlight on technology

HMSWeb, developed by Forship, is a 100% paperless and cloud-based platform designed to transform the way industrial assets are commissioned, from mechanical completion to final handover. It provides full visibility and control over every stage of the commissioning process.

More than just a software tool, HMSWeb is a strategic enabler for project decision-makers, ensuring compliance with quality standards and significantly supporting the safe and efficient delivery of complex industrial projects.

Its modular and customisable structure allows workflows to be configured by discipline, area, subsystem, or schedule, making it adaptable to different project types and implementation phases. HMSWeb also focuses on data centralisation, process standardisation and complete asset traceability with speed and accuracy.

Whether in industrial plants, infrastructure projects, or oil and gas entrepreneurships, HMSWeb delivers innovation, control and reliability throughout the commissioning lifecycle.

A global reference, its main features and highlights are:

• Full traceability and precise control over all project activities.

• Real-time monitoring of productivity, such as physical progress, S-curves, dashboards and KPIs.

• Comprehensive punch list management module that streamlines each item tracking and resolution.

• Centralised access to critical operational procedures and activity plans for field execution.

• Automated generation of records, ITRs, checksheets, certificates and commissioning reports.

• A secure digital project library for document storage and retrieval.

• ISO 27001, 27017, 27018 and 27701 certified.

• Available in Android and iOS mobile apps.

• User-friendly.

To learn more about HMSWeb and how it can support your projects, please contact Forship's team at: comercial@forship.com.br or visit: https://forship.site/en-hmsweb/

HMSWEB: THE COMPLETE IT SOLUTION FOR INDUSTRIAL ASSET COMMISSIONING

Photo © Forship

New EIC members

NEW

GLOBAL MEMBER

Colson X-Cel Ltd

Unit 3a, Brindley Way Rotherham South Yorkshire S60 5FS UK

Contact James Hinchliffe, Sales Director

Telephone +44 (0)114 492 0198

Email james.hinchliffe@colson.co.uk

Web www.colson.co.uk

Established in 1991, Colson X-Cel Ltd designs and manufactures a range of double block & bleed and instrument valves. Colson X-Cel designs, machines, assembles, tests and QA's all products in-house.

Colson X-Cel is approved with major global operators and holds an extensive worldwide reference list for supplying valves into critical and severe applications. Colson X-Cel's extensive and innovative valve knowledge ensures it's a world leader in valve technology for safe and reliable products.

NEW PRIMARY MEMBER

DAPIN Iberia SA

Avenida de Pirineos 7, Local 10C San Sebastián de los Reyes Madrid 28703 Spain

Contact Nelson A Pineda, Operations Director Alessandro Carmo, Commercial Director

Telephone +34 916625770

Email npineda@dapin.es alessandroc@dapin.es

Web https://dapin.es/

Design and Projects International Iberia (DAPIN Iberia) is a specialised engineering company providing technical consultancy and project development services for the energy, oil and gas, petrochemical and industrial sectors.

The company delivers multidisciplinary engineering solutions across all phases of a project – from feasibility studies and design to implementation and commissioning. DAPIN Iberia supports clients in both local and international markets, with a strong focus on operational excellence, safety and innovation.

The company's team combines in-depth technical knowledge with hands-on experience to deliver cost-effective, sustainable solutions tailored to the evolving needs of the energy sector.

Thursday 20 November 2025 • Manchester

NEW KUALA LUMPUR NETWORKING MEMBER GQS

Unit 29-13B, Q Sentral 2A

Jalan Stesen Sentral 2 Kuala Lumpur Sentral 50470 Kuala Lumpur Federal Territory of Kuala Lumpur

Contact Gary Cross, Business Manager, ASEAN Region

Telephone +60 199 76 1903

Email gary.cross@gqsgroup.com

Web www.gqsgroup.com

Global Quality Services (GQS) is a global QA/QC inspection and quality services partner to operators and tier one contractors.

Headquartered in Perth, Australia, with offices across Asia, Europe and the Americas, the company delivers second and third party inspections, expediting, technical audits and various other quality services across the energy industry.

The GQS integrated management system, Connect, provides real time visibility, compliance and reporting. With 20 years of experience across oil and gas, offshore wind, hydrogen and wider energy, GQS reduces risk and delivers for its clients.

NEW BRAZIL NETWORKING MEMBER

Guofuhee Brasil

Rua Conceição de Monte Alegre 107 Conj 101 Cidade Monções

São Paulo 04563-060

Brazil

Contact Bianca Bazzoli, Institutional Relations –Executive Secretary

Telephone +55 71991850279

Email bianca.bazzoli@guofuhee.com.br

Web www.guofuhee.com.br

Guofuhee is a company specialising in the development and manufacture of integrated solutions for the hydrogen energy industry.

Founded in 2016, the company is a global reference in the supply of essential equipment for the production, storage, transportation, supply and use of hydrogen, operating throughout the sector's value chain.

With cutting-edge technology and continuous innovation, Guofuhee stands out for its quality, efficiency and commitment to the advancement of sustainable energy.

NEW PRIMARY MEMBER

Insta Globe Engineering OÜ

Workland Maakri St 19/2 Tallinn 10145

Estonia

Contact Erko Elblaus, Business Development Manager

Telephone +372 5650 0195

Email erko@instaglobe.eu

Web www.instaglobe.eu

Headquartered in Tallinn, Estonia, Insta Globe delivers electrical installation and commissioning for energy, industry, marine and offshore.

With 100+ in-house specialists in industrial electrification, process instrumentation, low-current systems and commissioning, the company mobilises globally and scales teams to project needs.

Insta Globe's track record includes gigafactories, battery manufacturing, semiconductor facilities, waste-to-energy plants, cruise ships and FPSOs.

Insta Globe is defined by experienced crews, a safety-first mindset, disciplined execution and well-maintained equipment. Clear goals and tight teamwork keep plans aligned with site realities, while continuous improvement keeps quality consistent.

Completed projects span Europe, North America, Asia, North Africa and the Middle East.

NEW BRAZIL NETWORKING MEMBER Leal, Cotrim, Jansen Advogados

Rua Lauro Müller 116, sala 4304

Botafogo

Rio de Janeiro RJ, CEP 22290-160 Brazil

Contact Daniele de Oliveira Nunes, Partner

Telephone +55 21 3550 8080

Email dnunes@lealcotrim.com.br

Web http://lealcotrim.com.br/

LealCotrim is a law firm specialising in providing legal advice to national and multinational companies involved in strategic projects and litigation in the energy, infrastructure and oil and gas industries, among others.

The firm is comprised of experienced lawyers qualified in Brazil and abroad, who are routinely recognised in many of the most prestigious legal rankings.

LealCotrim is marked by the multidisciplinary education of its lawyers, which enables them to combine knowledge in public and private law to provide services in a fast, comprehensive and adequate manner to its clients' needs. Its areas of expertise include corporate law, contracts, tax law, public law, bidding and regulatory.

NEW KUALA LUMPUR NETWORKING MEMBER Lusan Peju Sdn Bhd

Lot 6757 (1235)

Ground & 1st Floor

Bandar Baru Permyjaya

Desa Pujut Shophouse

98000 Miri Sarawak

Contact

Alvin Dian Imang, Director

Telephone +6016 753 0598

Email alvin@lusanpeju.com

Web www.lusanpeju.com

Lusan Peju Sdn Bhd, founded in December 2017, has quickly established itself as a leading provider of construction, building maintenance and engineering services in Malaysia.

Specialising in civil and structural engineering, fire and gas detection systems and integrated medical services (IMS) and buildings, facilities infrastructure management, the company delivers comprehensive, multi-industry solutions tailored to the marine, industrial and commercial sectors.

NEW GLOBAL MEMBER MDE MENA

Marina Plaza

Dubai Marina United Arab Emirates

Contact

Alexander Beck, Head of Business Development

Telephone +971 58 594 1144

alexander.beck@mde-group.com

Web

www.mde-group.com/mena

MDE MENA (part of MDE Group) is a global recruitment company specialising in placing talent and providing the highest skilled project personnel around the world. The company attracts the best international candidates, delivering industry-leading solutions for any stage of the project lifecycle.

MDE MENA prides itself in nurturing business relationships by balancing the needs of clients and consultants and delivering a highly professional and personalised service to all stakeholders.

Thanks to its unique business model, the company is lean and flexible, giving it the edge its competitors may often lack. By pro-actively delivering highquality and cost-efficient solutions, MDE MENA aims to become market leaders in the fields of recruitment and consultancy.

With an office in Dubai and Group offices across Norway, the UK, Asia, Africa, North America and South America, MDE MENA's services extend as it offers integrated project support, procurement and logistics and global mobility assistance to clients worldwide.

NEW PRIMARY MEMBER mselect

825 Town and Country Ln

Houston Texas 77024

Contact

Sam Erickson, Business Development Director

Telephone +1 832 288 1979

Email sam.e@mselect.com

Web www.mselect.com

mselect delivers agile staffing solutions for the US energy industry, combining global expertise with local market knowledge.

The company's services, from contract staffing and direct hire to statement of work and payroll management, give energy companies the talent, flexibility and compliance they need to keep complex projects on track and on budget.

mselect is a boutique partner with international reach, built to serve the unique needs of companies in the energy market.

NEW PRIMARY MEMBER Pinsent Masons

The Offices 1, One Central Sheikh Zayed Road PO Box 115580

Dubai

United Arab Emirates

Contact Rosie Butler, Business Development Manager

Telephone +971 4 373 9700

Email rosie.butler@pinsentmasons.com

Web www.pinsentmasons.com

Pinsent Masons is a purpose-led professional services business with law at its core. With a global turnover of £650m (2024), the firm operates from 29 offices across four continents, employing over 3,800 people, including 2,200+ partners and lawyers.

Established in 1769, Pinsent Masons is recognised for its innovative approach and deep sector expertise, particularly in energy, infrastructure, financial services and technology.

The firm delivers first-class legal services, combining international reach with local insight and is committed to helping clients achieve their global strategies while navigating complex commercial, regulatory and cultural landscapes.

NEW RENEWABLES MEMBER

Renewable Energy & Drives US

5325 S Moorland Rd New Berlin WI 53151 US

Contact

Raveenthan Thambirajah, Business Development Director

Telephone +1 416 450 8797

Email raveenthan.thambirajah@ renewable-d.com

Web https:// renewableenergyanddrives.com/

Renewable Energy & Drives is a UK and US based clean energy engineering and consultancy firm specialising in the supply and servicing of global power quality solutions, including MV and LV uninterruptible power supply systems, D-Statcom and advanced energy storage systems, with a state-of-the-art 30,000 sq ft manufacturing facility in Wisconsin, US. Originally founded in 2010 to support wind farms across the UK and Ireland, the company has expanded under the Critchley Engineering Group to support much wider critical infrastructure facilities worldwide.

NEW KUALA LUMPUR NETWORKING MEMBER

Transwater API Sdn Bhd

35, Jalan Pengacara U1/48 Kawasan Perindustrian Temasya 40150 Shah Alam Selangor

Contact

Syed Afisol Bin Syed Sofi, Assistant General Manager (Sales)

Telephone +603 5569 1155

Email afisol.sofi@transwater.com.my

Web www.transwater.com.my

Established in 1981, Transwater began as an engineering company dedicated to advancing solutions within the water sector. It has more than 40 years of experience in integrating products and systems from global manufacturers with best-in-class application engineering and project management expertise tailored to local requirements.

Transwater is a leader and respected provider of control, relief and isolation valves and regulators, shutdown and turnaround service support and environmental monitoring for the oil and gas, power and general industries.

Transwater is committed to leveraging its experience and expertise to consistently deliver value-added solutions that meet the highest standards of safety, reliability, sustainability and environmental responsibility every single day.

Member news

ABB completes critical substation scope for world's largest offshore wind farm

The final electrical substation for Dogger Bank C has been floated out to sea for installation, marking a major milestone in ABB's electrical infrastructure delivery for the world's largest offshore wind farm, which is supporting efforts to decarbonise the UK grid.

Located over 130km off the coast of Yorkshire, UK, the three-phase Dogger Bank offshore wind development will deliver clean electricity to approximately 6m homes when fully operational. ABB's advanced electrification and digital solutions enable the reliable transmission of offshore renewable power at large scale.

Working in collaboration with Norwegian contractor Aibel, ABB delivered the complete electrical system for Dogger Bank C's offshore substation, having been selected in 2019 to supply electrical substations for all three phases, Dogger Bank A, B and C.

The scope for this project includes auxiliary control systems, overall OT security, IT infrastructure, condition monitoring, telecoms, low voltage power distribution and bus ducts. Combined with digital technologies, these systems enhance availability, safety and efficiency while enabling remote operations and predictive maintenance to reduce offshore staffing and extend asset life.

ABB's technology and engineering solutions act as a central gateway that unlocks the offshore wind process, allowing the electricity generated by wind turbines to flow through to the national grid and into peoples' homes. When the turbines at Dogger Bank produce power, offshore substations allow the alternating current (AC) to be converted to direct current (DC) so the electricity can be transported to onshore substations, where it is inverted back to AC.

ABB has been involved in commercialising wind power projects for over four decades, working with partners to maximise energy output, ensure grid stability and keep operations running smoothly through automation, electrification and digital solutions built to adapt to tough conditions.

Today, over 40,000 wind turbines around the world use ABB components, making ABB the largest supplier of electrical components to the wind industry with an installed base in many countries.

ABB is supporting 14 offshore wind projects worldwide which collectively represent 20GW of power capacity. Across the UK alone, ABB is contributing to nine key offshore wind projects, collectively representing close to 12GW of power capacity.

For more information: www.abb.com

Bureau Veritas 2025 Global Energy Transition Report: LEVELING UP THE ENERGY TRANSITION

Every single year in the past two decades, the energy industry has hit a new record in renewables installations. Yet every year the industry moves further away from keeping global temperature rises within 1.5°C. The reason is clear: the need to act on a far bigger scale.

To accelerate the energy transition, industry needs a global scale-up. Investment in clean energy remains concentrated in wealthy countries, with much of the rest of the world left behind. Redressing the balance by unlocking the deployment of renewables in the global south is essential if we are to decarbonise the world's energy systems and meet the goals of the Paris Agreement. The global south, home to two-thirds of the world's population, remains dramatically underserved, today receiving only 15% of clean energy investment.

From March to May 2025, Bureau Veritas collected insights and opinions from over 1,100 market experts and industry leaders from all continents and corners of the energy sector. By highlighting pragmatic solutions and best practices from around the world, the report aims to show what can be achieved – and how these successes could be replicated to meet the world's growing energy needs in a sustainable manner.

i Download the full report here: https://news.bureauveritas.net/ l/591681/2025-07-01/3t8znd3

We'll use our engineering expertise and long record of predictable best-in-class delivery to optimise the performance of Kinneil Terminal. This is critical national infrastructure and our work will build vital resilience into the UK's energy system with a safer, more efficient and more reliable terminal. With our strong and growing presence in the region this contract marks the next chapter in our productive and collaborative relationship with INEOS FPS.

Sean Close, Energy Resilience Director, Costain

Costain wins multimillion pound engineering contract with INEOS FPS

Costain, the infrastructure solutions company, has secured a multi-million pound engineering services contract with INEOS FPS.

The contract, covering a minimum of three years, will see Costain deploy its extensive engineering expertise to support the optimisation and utilisation of operations at the Kinneil Terminal – a critical piece of the UK's energy infrastructure.

Costain has already been providing end-to-end engineering services at the Kinneil Terminal for more than ten years, having delivered multidisciplinary front-end studies through to detailed design engineering and procurement services for both onshore and offshore assets since 2014.

Costain will service the contract from its new Aberdeen office where it continues to serve a growing customer base in the energy sector in Scotland and across the UK.

Costain's energy sector delivers innovation, engineering and construction excellence to solve complex problems facing the UK's energy infrastructure. It has a long track record of delivering infrastructure solutions in Scotland, including front end studies, asset maintenance and engineering, procurement and construction (EPC) contracts. Costain has also provided technical consultancy services to Storegga (formerly Pale Blue Dot Energy) in support of the Acorn carbon capture and storage project.

Crondall Energy selected by Innovate UK

Crondall Energy has announced that its SafeMoor technology has been selected the Offshore Renewable Energy (ORE) Catapult and Flotation Energy as the solution provider for the Innovation Exchange challenge:

Solutions for Anchor Monitoring, with a Focus on Anchor Slippage, supported by Innovate UK.

Floating offshore wind represents the next evolution for the offshore wind industry. However, with innovation comes risk. To address these challenges, Crondall Energy has developed SafeMoor – a comprehensive mooring integrity management (MIM) solution designed to mitigate risks associated with deploying mooring systems, which can involve hundreds of lines in a floating wind farm.

The challenge, proposed by Offshore Renewable Energy Catapult's Floating Offshore Wind Centre of Excellence (FLOWC), in partnership with offshore wind farm developer Flotation Energy, was supported by Innovate UK's Innovation Exchange programme. Innovate UK Innovation Exchange, ORE Catapult and Flotation Energy will provide support to Crondall Energy as they continue to develop SafeMoor.

i For more information: www.crondall-energy.com

HIMA appoints CEO for Sella Controls

The HIMA Group has appointed Carl Ramsden as CEO of Sella Controls – A HIMA Company – effective 1 October 2025. This newly created position represents an important milestone in the further integration of the British company into the HIMA Group.

Carl Ramsden brings more than 20 years of international leadership and financial expertise from the industrial and technology sectors. He has worked on both the manufacturing and end-customer fronts, giving him a comprehensive understanding of the industrial value chain.

With his expertise and clear value-driven leadership style, Carl Ramsden will further accelerate growth in the process and rail industries in the UK and Ireland and help us to further expand our global position as a solutions provider.

CEO, HIMA Group

As CEO of Sella Controls, Carl Ramsden will assume overall responsibility of the company and will lead it alongside Chris Parr (CTO) and Eddy Turnock (CSO). Carl will also take on the responsibilities previously held by John Blackwell, who will retire as chief financial officer (CFO) on 31 October 2025.

Sella Controls was acquired by the HIMA Group in February 2023 following a long-standing partnership. The integration went smoothly, with central IT and management systems harmonised within a short period of time. Sella Controls now serves as the regional centre for the UK and Ireland and as the HIMA Group's global centre of excellence for railway activities, currently employing over 130 people.

Kent

appointed by ACWA Power as owner’s engineer on Yanbu green hydrogen hub

Kent, a global leader in integrated energy services, has been appointed by ACWA Power as owner's engineer for the Yanbu green hydrogen hub, a major green hydrogen and ammonia export facility being developed in the Kingdom of Saudi Arabia. The project is set to become one of the largest of its kind globally, forming a centrepiece of the country's clean energy transition strategy and aligning closely with Vision 2030.

As owner's engineer, Kent will act as ACWA Power's technical representative throughout the front-end engineering design (FEED) phase being delivered through a joint venture between Técnicas Reunidas and Sinopec. The Kent team will provide independent oversight and assurance to support safe, efficient and technically robust project delivery. Kent's responsibilities include ensuring engineering design compliance with international standards, reviewing safety and constructability, managing technical interfaces and integration across the various workstreams and advising on risk and design optimisation. The team will also support ACWA Power in planning the transition into the engineering, procurement and construction (EPC) phase.

Situated in the port city of Yanbu on the Red Sea, the project will feature full integration across the green hydrogen value chain. This includes its own dedicated renewable power generation, desalination plants, ammonia production lines and an export terminal. At full scale, the facility will deliver up to 400,000 tonnes of renewable hydrogen per year, converted into over 2.2m tonnes of green ammonia for international markets. With more than 4GW of electrolysis capacity planned, the Yanbu hub is expected to be nearly twice the size of the NEOM green hydrogen project. Kent's appointment builds on its growing portfolio of energy transition work in the Middle East, reflecting the company's commitment to advancing decarbonised energy systems worldwide.

Kent is a privately owned international integrated energy services partner backed by Nesma & Partners. Founded in 1919 as a small family business in Ireland, Kent is a 13,000-person strong, client-centric team and a US$1.7bn revenue global business. It delivers sustainable and innovative engineering services and project delivery solutions for the oil and gas, chemicals, renewables and low-carbon industries. It has a roster of blue-chip clients, including international energy companies, national energy companies, renewable energy companies and global petrochemical companies.

Jörg de la Motte,

Carl Ramsden and inset, Jörg de la Motte

Nidec Conversion has always positioned itself as a facilitator of the energy transition. Being able to unveil our first sustainability plan this year is a reason for us to be proud and a demonstration of the tangibility of the path we started several years ago.

Dominique Llonch, CEO and President, Nidec Conversion

Nidec Conversion unveils its first ESG Improvement Plan for the three-year period 2025-2028

Nidec Conversion, among the largest international players in power solutions, industrial automation, power quality and BESS (battery energy storage system), as well as a market leader in technologies using renewable energy, has announced its first Environmental, Social & Governance (ESG) Improvement Plan summarised in the project claim Powering the Change, Driving Sustainability.

Nidec Conversion, with manufacturing plants in Europe, China, India and the US, confirms its commitment to promoting a sustainable energy transition of its production processes, supply chain and product innovation, providing advanced technologies to support the industry and actively contributing to the fight against climate change.

Nidec Conversion is based in Milan, Italy and has more than 2,200 employees and 11 global production sites to support growth in industries including BESS, drives and electric vehicle (EV) charging. The company takes an integrated approach to environmental sustainability, focusing on responsible resource management, energy efficiency and waste reduction through the implementation of innovative solutions.

This way, Powering the Change, Driving Sustainability outlines the company's comprehensive approach to environmental management, social responsibility and sustainability.

As part of Nidec Corporation (Nidec Group), a global leader in electric motors and drives, Nidec Conversion offers products oriented towards optimising consumption. Nidec Conversion's products position the Nidec Group at the forefront of the energy storage industry, including projects in hydrogen technology, projects for the electrification of port docks and electric vehicle charging station installations to accelerate the global energy transition.

Nidec Conversion continues to grow as an industry leader because of its ability to successfully navigate sensitive market dynamics, ensuring that clients receive not only the highquality products but also the strategic support needed to actualise shared sustainability goals.

With an initial roadmap to be implemented between now and 2028, Nidec Conversion's ESG Improvement Plan starts from a materiality map to guide several key actions: reducing pollution from both customers' end applications and Nidec Conversion operational activities, supporting customers and partners to achieve their own decarbonisation goals; ensuring a culture of sustainability, innovation, health and safety throughout the supply chain, emphasising positive social impacts and generating benefits for the local area and local communities.

The company will proceed in line with European Sustainability Reporting Standards (ESRS), accomplishing 8 distinct ESG targets, through 48 strategic actions (23 in environmental, 16 in social and 9 in governance) aligned with 14 sustainable development goals. These targets and actions will be integrated into the company's business activities over a three-year time frame, from 2025 to 2028.

Nidec Conversion will advance its environmental goals by addressing key issues such as climate change, biodiversity protection and water management. The company aims to achieve net zero in Scope 1 and Scope 2 CO2 emissions by 2040 and by 2050 in Scope 3 through specific resolutions and by reassessing its supply chain to concretely reduce and control its impact on the ecosystem. Early environmental goals include reducing 42% CO2 emissions in Scope 1 and 2 by 2030 and reducing the production of indirection emissions (Scope 3) by 25% compared to FY2022 emissions.

This transition will be fuelled by a rapid shift to renewable energy for business activities and operations, with the goal of transitioning 50% of Nidec Conversion's total energy needs to renewable electricity by 2030.

Photo Copyright

NRL Group celebrates inclusion with UK's Best Workplaces for Women™ accolade

Technical and engineering recruitment and contracting specialist the NRL Group has announced that it has been named one of the top employers in the country for women.

The UK's Best Workplaces for Women™ 2025 list, celebrates those businesses whose own female colleagues rated them outstanding, following anonymous feedback shared through Great Place To Work®. The NRL Group has been recognised in position 45 for medium-sized organisations, reflecting its ongoing efforts to build a workplace culture rooted in respect, equity and opportunity.

With 97% of UK-based colleagues agreeing the company is a great employer, survey responses earned the company the official Great Place To Work® certification in 2024.

When analysed on a demographic level, 97% of female employees felt they were treated as full members of the company, regardless of their position. 100% said they were given the resources and equipment to effectively work and 97% felt their work contributed to achieving the company's mission.

It's the fifth Best Workplaces award the company has been presented with, having previously been recognised for its commitment to career development and wellbeing, as well as being named one of the UK's Best Workplaces for 2025.

With small, medium, large and super large sized organisations featured on this year's list, each shares a commitment to ensuring a meaningful balance of women and men across the organisation; removing barriers to women's career advancement and creating workplaces where all employees, regardless of gender, can flourish.

OSSO launches first

of its kind natural coagulant flocculant for wastewater treatment

OSSO, the specialist provider of fluid temperature control and separation solutions, has developed a first of its kind natural hybrid chemical for water treatment. Designed to replace the conventional use of metal or synthetic-based coagulants and flocculants, OSSO Hybrid C offers a naturally derived, singlechemical solution that is free from synthetic polymers and metal salts. The product has also been independently verified for non-toxicity in aquatic environments.

OSSO Hybrid C is designed for use in sectors including construction, municipal and industrial water treatment where demand is growing for safer, simpler and more sustainable treatment options. In typical treatment processes, two separate chemicals are required: a coagulant and a flocculant. Coagulants are usually metal salts in acidic solution, such as ferric chloride or polyaluminium chloride, which are highly corrosive and carry environmental and health risks when handled or stored in large volumes. Flocculants, on the other hand, are often synthetic acrylic blends, including cationic types that can be particularly harmful to aquatic life.

The new hybrid solution replaces both functions with a single product. It is made from chitosan, a biodegradable polymer derived from chitin, the same natural compound found in shellfish and insects. In this formulation, chitosan acts as both coagulant and flocculant, eliminating the need for separate products. By removing the need for two separate products, it also offers a more cost-effective approach to treatment. It has shown exceptional performance in removing total suspended solids and heavy metals, outperforming conventional chemical combinations in side-by-side trials.

The independent testing confirmed there was no effect on daphnia, a highly sensitive organism predominantly used to assess chemical reagents and their suitability for introduction into aquatic environments. Unlike ferric, aluminium or acrylic-based products, it breaks down naturally and supports responsible discharge or reuse of treated water. Because it is significantly less corrosive than conventional metal-based coagulants, the product is also safer to handle and easier on infrastructure. It helps reduce wear on dosing systems and storage equipment, lowering maintenance needs and supporting longer asset life.

New naturally derived solution addresses environmental risks associated with corrosive metal salts and synthetic polymers in water treatment

Peterson apprentices recognised in awards

The dedication of two Peterson energy logistics apprentices was recognised at the annual Tullos Training awards.

Callum Duncan and Cerys Forbes, who both recently completed modern apprenticeships in administration roles, were nominated for a GTM Award through the company's apprentice provider Tullos Training and reached the final top five, with Cerys being named runner-up.

The GTM Award recognises candidates who have produced the best quality SVQ portfolio work across modern apprenticeship programmes. Assessors provided an example of their apprentices' portfolio work to be considered for nomination, with Calum and Cerys being chosen for their high standard of work.

Learning and development advisor, Katie Forman, attended the awards ceremony to collect a certificate in recognition of the part played by Peterson in mentoring the duo throughout their apprenticeships.

Peterson has been helping to build a better world for over 100 years. In 1920 Mr Peterson started the company as a 'graanfactor', a service provider in quality and logistics in grain and feed and today, over 100 years later, it has grown to become a trustworthy global partner for logistics, advisory, technology and training. Peterson now provides a comprehensive range of quality services to customers in over 80 countries.

Pipeline specialist STATS Group targets European growth with key appointments

Pipeline technology specialist STATS Group (STATS) has announced a number of promotions and appointments as it gears up to extend its international footprint and capture increased market share.

Ryan Holt, who began his career with STATS in 2014 as a graduate engineer, has been appointed general manager for UK and Europe and will focus on operations, strategy and growth in the region.

His progress at the Aberdeenshireheadquartered business has seen Ryan succeed as a project engineer, lead project engineer and project engineering manager before this latest promotion.

Also supporting STATS European growth strategy, the company has appointed Mike Kaiser as business development manager, Europe.

Based in Emmen, the Netherlands, Mike will strengthen STATS' Europe customer reach in the traditional oil and gas sector while developing opportunities in the emerging hydrogen and carbon capture markets.

STATS provides specialist engineering services for the maintenance, integrity and repair of oil, gas and petrochemical installations and infrastructure.

STATS has gained an excellent reputation for providing a responsive, client-centred approach combined with expertise and innovative products which enhance safety and environmental performance, reduce system or plant downtime, improve asset performance and support decommissioning and abandonment.

Mike will look to emulate our success in the UK onshore and offshore markets, while tapping into opportunities across the continent as they prepare for net zero transition with the repurposing of gas pipeline infrastructure for hydrogen transportation.

Andy Norrie, Head of Sales and Business Development Europe, STATS Group

The group employs 500 staff and operates from its headquarters in Kintore, Aberdeenshire in the UK; Edmonton, Canada; Houston, US; Abu Dhabi, Doha, Saudi Arabia, Oman and Qatar in the Middle East; Kuala Lumpur in Malaysia and Perth, Australia.

i For more information: www.statsgroup.com

Cerys Forbes

Photo © Peterson Energy

Left to right: Andy Norrie, Head of Sales and Business Development Europe, STATS Group; Ryan Holt, General Manager UK and Europe and Mike Kaiser, Business Development Manager, Europe

Alarming rise in fake ATEX equipment threatens worker safety across Europe

Counterfeit ATEX-certified equipment is flooding industrial supply chains, putting workers and businesses at serious risk of explosions, injuries –and even death.

ATEX certification is essential for explosive environments in Europe, but it is only valid if verified through official channels. Terry McDonald, technical sales manager at Thorne & Derrick International says businesses should take steps to reduce the risk.

ATEX-certified equipment is specifically designed for use in explosive atmospheres – environments where flammable gases, vapours, mists or combustible dusts may be present. Genuine ATEX products undergo rigorous testing and certification processes to ensure they meet stringent European safety standards. However, counterfeit versions bypass these checks entirely, often masquerading as certified and flameproof equipment.

Fake equipment lacks proper design and safety controls, increasing the risk of sparks or overheating that could trigger explosions in hazardous environments.

Beyond the immediate threat to life and limb, such incidents can cause major disruptions to operations, legal liabilities and reputational damage. Tragically, industrial explosions contribute to over 16 incidents per day globally and resulting in approximately 380,000 fatalities annually due to industrial accidents.

There are steps businesses can take to mitigate the risk:

• Verify certification: always cross-check product certifications with the relevant authorising body. For ATEX equipment, this involves confirming documentation through official EU notified bodies.

• Use official channels: purchase equipment exclusively through reputable suppliers who can provide full traceability and certification documentation.

• Stay informed: the EU Safety Gate system provides a public database of recalled products. Checking this portal regularly can help identify known counterfeit or unsafe items.

• Raise awareness: educate procurement teams and site managers about the risks associated with non-compliant equipment and the importance of due diligence.

The rise of fake ATEX equipment is more than just a supply chain issue, with lives and livelihoods at stake, companies must prioritise safety over savings and take proactive steps to ensure every piece of equipment entering hazardous environments is fully compliant and certified.

As businesses, it's natural to seek the best price for a product, but this is where unscrupulous distributors and manufacturers are callously risking lives. There are a number of checks that procurement and purchasing departments can and should do to prevent purchasing a falsely ATEX certified product.

Terry McDonald, Technical Sales Manager, Thorne & Derrick International

As Thorne & Derrick marks its 40th anniversary, its team is proud to keep delivering safe, fully certified equipment worldwide, where compromising on safety is never an option.

WIKA: GA11 gas analyser enables highprecision quality measurement

WIKA has launched the next generation of its GA11 gas analyser. It enables switchgear operators, manufacturers and maintenance companies to record the quality of SF6 gas and alternative insulating gases. The GA11 provides precise measured values for humidity, gas purity and decomposition products. Temperature-compensated sensing technology and intelligent measuring algorithms based on stability criteria ensure maximum accuracy when measuring cleanliness and dew point – a significant improvement on all previous versions. Optional sensing technologies for sulphur dioxide, hydrogen fluoride, hydrogen sulphide and carbon monoxide also offer high accuracy and long-term stability.

The new GA11 is suitable for mobile use thanks to its lighter, more compact design. The weight of the impact-resistant hard case, which is protected against water jets and dust in accordance with IP65, is just 22kg. An integrated nickel-metal hydride (NiMH) rechargeable battery is also an advantage here. Unlike instruments with a lithium-ion rechargeable battery, the GA11 does not fall under the transport restrictions of the International Air Transport Association (IATA). The instrument can be carried on aircraft as checked baggage – a plus point for international use.

Thanks to an intuitive user interface and clear menu navigation, all measurement processes are easy to control. All functionalities of the GA11 are available in both rechargeable-battery and mains operation. Last but not least, a closed measuring system reliably prevents emissions into the atmosphere: the measuring gas is either returned to the gas compartment or collected in an external gas recovery bag.

i For more information: www.wika.co.uk

Social media round up

We want to use every opportunity to connect with our members, so please follow us on LinkedIn –EIC (Energy Industries Council)

Below you’ll find a selection of some of the exciting EIC activities and useful industry information we’ve shared through our social media channels.

EIC (Energy Industries Council)

Join us and celebrate the best and brightest in the industry. The Annual Awards Dinner is where innovation meets celebration. Booking now: https://lnkd.in/d2ZiabN3

EIC (Energy Industries Council)

The EIC's Oman Country Report is now live – explore key insights and challenges in the sector. To view the full report, please visit: https://lnkd.in/eTBksbGh

EIC (Energy Industries Council)

Stuart Broadley speaks with Massimiliano Tacconelli, Vice President of Nuclear at Walter Tosto about how the company transitioned from oil and gas to nuclear: https://lnkd.in/dKV_AmWY

Events calendar LIVE events

EIC

EIC Energising Indonesia

EIC Regional Awards 2025 Middle East Queen Elizabeth II, Dubai

24 October LIVE e-vents

Virtual Speedy Networking

Twine Speedy Networking Webinar

28 October Regional Showcase

Sandman Signature Hotel, Aberdeen

Electrifying the Energy Transition

29 October Corporate Entertainment

Meet the Energy Players in Singapore

Marina Bay Sands, Singapore

29 October Business Presentation

EICDataStream/AssetMap training Online

30 October Sector Showcase

ETZ CCUS Masterclass Score Group, Peterhead

Rio Samba & Gas

Rio Scenarium, Rio de Janeiro

30 October Corporate Entertainment

3 November Business Presentation

ADIPEC Business Breakfast

Pearl Rotana Capital Centre, Abu Dhabi

3-6 November Overseas Exhibition

ADIPEC 2025

Abu Dhabi

4 November Overseas Exhibition

Paris Nord Villepinte

5 November Business Presentation

Paris

World Nuclear Exhibition (WNE) 2025

Europe's Nuclear Future: SMRs & AMRs

Thursday 20 November 2025 • Manchester

7-8

Following

INTERNATIONAL TRADE

UK & EIC PAVILION WNE PARIS

As we enter the final few busy months of 2025, the International Trade team is set to deliver the last pavilion of the year at the World Nuclear Exhibition (WNE) in Paris.

From 4-6 November, the EIC will host the UK and EIC pavilion at WNE Paris, the worlds leading civil nuclear exhibition.

Taking place at Parc des Expositions Villepointe, the three-day event expects over 850 exhibitors and more than 25,000 industry professionals from 88+ countries, including top decision-makers and key buyers, connecting top-tier suppliers and service providers across the entire nuclear sector.

With 15 companies exhibiting as part of the UK and EIC pavilion, exhibitors will bring solutions, innovation and technical expertise to the nuclear industry and display the best of the supply chain to the French and wider European market.

Pavilion exhibiting companies include: Alpha Safety, BS&B Safety Systems, CMP Products, Fortil Group, iSH (Industrial Solutions Hub), James Walker, Koso Parcol, Lonestar Fasteners Hydrobolt, Mott MacDonald, Rolls-Royce Novel Nuclear, Serac Imaging Systems, Sheffield Forgemasters, William Cook Group and Wozair Limited.

As an internationally renowned B2B show, WNE has confirmed over 20 country pavilions, making it an unmissable event for businesses to expand their networks, build new partnerships and showcase their technologies and innovations.

The growth of the event, which spans nearly 50 activities across the nuclear value chain, reflects the renewed global interest in the sector, driven by the energy transition and rising demand for clean, reliable power. Advancements in small modular reactor (SMR) technology are creating new opportunities for countries looking to develop or expand their nuclear programmes.

By participating in strategically selected events, the EIC International Trade team continues to provide supply chain companies with unparalleled opportunities to expand their global reach, foster new business relationships and stay at the forefront of the evolving energy industry.

For additional details on UK and EIC pavilions and delegations, please contact the team: internationaltrade@the-eic.com Camilla Tew Director, International Trade camilla.tew@the-eic.com

UK news

It’s not long until the World Energy Supply Chain Awards 2025 and excitement is building ahead of what promises to be a truly unforgettable evening.

Taking place on Thursday 9 October at the Marriott Grosvenor Square in London, this year's sold-out event will welcome over 430 industry leaders, innovators and changemakers to celebrate the very best in energy supply chain excellence.

In keeping with our Best of British theme, the evening will shine a spotlight on our members from across the UK and Europe and the creativity, resilience and worldclass performance that define this vital sector. We're delighted to welcome the brilliant Matt Lucas as our host, bringing his trademark energy and humour to a night of celebration and recognition.

At the heart of the event are, of course, our finalists –outstanding individuals, teams and organisations who have demonstrated innovation, leadership and impact across every aspect of the energy supply chain. This special feature showcases each of them, highlighting the remarkable achievements that earned them their place among this year's elite.

A huge thank you to our sponsors for their invaluable support and good luck to all the finalists across our award categories. We look forward to celebrating your success on what promises to be a truly spectacular evening.

COLLABORATION

ABL Group

asset55

AsstrA (Industrial Project Logistics)

Cokebusters

HIMA Group

LV Logistics

Proserv

RSK Ireland

RSM

Turner & Townsend

VWS Westgarth Ltd

Wave Utilities

CULTURE

ABL Group

IMI

Oceaneering

Pioneer Safety Group

Sonardyne

TÜV SÜD

TÜV SÜD Energietechnik

Walter Tosto

DIGITAL & AI

Fluor

HIMA Group

LRQA

Peterson

Siemens Energy (Digital)

DIVERSIFICATION

Glacier Energy

HCS

IMI

Lloyds Register

OSSO

Ponticelli

Proserv

Siemens Energy (UK)

Walter Tosto

ENERGY TRANSITION

AEG Power Solutions

Arup

GHD

KBC (A Yokogawa Company)

Oceaneering

Peterson

Siemens Energy AB (Sweden)

ENVIRONMENTAL SUSTAINABILITY & SOCIAL IMPACT

AAL Shipping

Arup

Peterson

Reflex Marine

Siemens Energy AB (Sweden)

Siemens Energy (Digital)

Wave Utilities

EXPORT

ASCO

Destec

ERSG

SPP Pumps

TÜV Austria Group

Wozair

Kim Stephen

INNOVATION

AAL Shipping

Belzona

Clariant

James Walker

Mammoet UK

Oceaneering

Rotork

Siemens Energy (UK)

TWMA

OPTIMISATION

Beamex

Destec

Draeger Safety UK

Fibron BX

Fifth Ring

Sterling Thermal Technology

Transcar Projects

TRS Staffing Solutions

PEOPLE & COMPETENCY

Airpac Rentals

AIS

Applica Resourcing

ECITB

James Walker

Kerry Project Logistics

Mott MacDonald

RMI

Sonardyne

TÜV SÜD

Walter Tosto

RESILIENCE

BUHLMANN Group

ERSG

nexos

Pioneer Safety Group

Sterling Thermal Technology

Transcar Projects

RISING STAR FINALISTS

Steven Simpson, Safelift Offshore

Jay Walbrin, Specialist Valve Services Ltd

Ahmed Alainiah, Sterling Thermal Technology

Jamie Cumming, Sulzer GT Aero Services

Prince Mkosana, VEGA Grieshaber KG

Millie Zagulak, Xodus Group Ltd

SCALE UP

Allelys

MGH Offshore

Penspen

Safelift Offshore

Select Offshore

Sonardyne

STATS Group

TÜV Rheinland

SERVICE & SOLUTIONS

asset55

Bureau Veritas (UK)

Draeger

ECITB

Fifth Ring

Genesis KLINGER

Monaco Engineering Solutions

Norco Group

Schneider Electric

Select Offshore

Waves Group

TECHNOLOGY

Belzona

HARTING Technology Group

Oceaneering

Proserv

Sensia

Siemens Energy AB (Sweden)

TRANSFORMATION

Amarinth

Abdur Rafay Mohammed Irfan Shaikh, AIS Ltd

James Hughes, AIS Ltd

Luke Mooney, AIS Ltd

Neil Griffin, AIS Ltd

Patricia de Almeida, American Bureau of Shipping

Ahmed Hassan, Bureau Veritas

Zaid Ahmad, Dubai Cables Company

Anna Maclaren, Energy Transition Zone Ltd

Andres Sanchez, Halliburton

Calum Johnson, Halliburton

Heber Silva Bispo, Ipiranga Produtos De Petróleo SA

Arun Prakash Aranga Raju, Levidian Projects Management

Gabriela Goncalves, MSA The Safety Company

Vishnudas KD, Norco Group Limited

Bureau Veritas (Group)

Halton

LRQA

nexos

Norco Group

Nylacast

Pioneer Safety Group

Specialist Valve Services

Spencer Ogden

STATS Group

Sulzer

TRS Staffing Solutions

TWMA

Wozair

COMPANY OF THE YEAR

Awarded by EIC on the evening

Continental Europe

Regional update

No bids in latest offshore wind auction

Germany has announced the results of its second offshore wind auction in 2025. Two offshore wind sites in the North Sea with a total capacity of 2.5GW were on offer. But the auction failed: not a single offshore wind project bid in. That's a clear signal from the industry: Germany's offshore wind auction design is not fit for purpose, as Germany has still not moved the auction model to the much more adequate and widely used by other countries two-way CfD scheme (Contracts for Difference).

wwwRegional news

What a month for INERATEC

Read more on the status of offshore wind in Europe in the latest market intelligence report from the EIC, UK & Europe Offshore Wind Report: www.the-eic.com/MediaCentre/Publications/Reports

We welcome Tunde Sebok to the Continental Europe team. Tunde is a highly experienced event producer and will immediately dive into the creation of our first EIC Europe event, which will take place in early December in Germany. A second event in this new series is scheduled to take place in March 2026 in Italy.

In addition to the exhibitions listed in the relevant section of this magazine, where the EIC is present with a dedicated booth, the Continental Europe team will attend exhibitions this month in Europe and is very much looking forward to meeting with members of the EIC. Please get in touch to schedule a short meeting.

In a recent press release, INERATEC announced the official opening of ERA ONE. INERATEC is a leader in the production of e-fuels and e-chemicals: climateneutral substitutes for fossil fuels used in sectors that are difficult to electrify, such as aviation, shipping and the chemical industry. The company's modular, scalable plants use renewable hydrogen and biogenic CO2 to produce synthetic kerosene, petrol, diesel, waxes and methanol. The company is based in Karlsruhe, Germany. ERA ONE is Europe's largest plant for the production of e-fuels and e-chemicals. The plant in Frankfurt-Höchst will produce up to 2,500 tonnes of climate-neutral e-fuels annually. The ERA ONE plant is close to a chemical plant where hydrogen is a by-product in chlorine production.

INERATEC has also announced in a statement its strategic partnership with Rheinmetall for the decentralised production of fossil fuels. Rheinmetall is a leading global technology company in the defence sector. The aim of the collaboration is to establish resilient fuel production systems that function independently of fossil fuel supply chains and vulnerable infrastructure.

Securing the supply chain is becoming strategically important, creating new applications, new partnerships and new markets. For full details, visit: https://www.ineratec.de/en/news

Money talk

The European Commission has launched a hydrogen platform connecting suppliers and buyers to support the market development of hydrogen. Find more information on the European Commission's hydrogen platform: https://energy.ec.europa.eu/topics/eus-energysystem/hydrogen_en

Please feel free to send us further information and suggestions for events in the energy sector, with a focus on the supply chain.

Claas Helmke Regional Director, Continental Europe claas.helmke@the-eic.com

Claas Helmke

Middle East news

Regional update

As we enter the final quarter of the year, the global energy industry prepares for its biggest event of the calendar, ADIPEC 2025. Taking place from 3-6 November, the EIC is proud to once again host over 125 exhibitors within the UK pavilion, located in Halls 8, 12, 15 and 17. In the lead-up to the event, join us on 9 October for our ADIPEC: What to Expect webinar, designed to help you maximise your experience. Following last year's overwhelming success, we also expect our welcome breakfast on Monday 3 November, to be a complete sell-out, if it isn't already.

Regional news

Aramco signs agreement for Jafurah gas facility

Before ADIPEC, we have a busy schedule designed to keep you connected and engaged across the region, starting with an evening networking reception in the Kingdom of Saudi Arabia on Wednesday 1 October, coinciding with the Saudi Maritime Congress. We are delighted to partner with the Asharqia Chamber for this exclusive event, which is free to attend for EIC members and offers an excellent opportunity to network, build relationships and explore new business prospects.

Our Market and Project Update webinars continue with the CIS and GCC sessions on 7 and 14 October respectively. These webinars provide real-time insights into the latest trends shaping the energy sector, key project developments and upcoming opportunities. They are designed to help you understand where the market is heading and how best to position your business to capitalise on emerging prospects.

Following the launch of our Survive & Thrive IX report, we are proud to announce that 24 finalists will compete across nine award categories at the World Energy Supply Chain Awards (WESCAs), taking place during our regional awards on Thursday 23 October, aboard the iconic QE2 in Dubai. This flagship event celebrates the best and brightest in the energy supply chain and is open to all, we encourage you to join us and cheer on your peers as we recognise outstanding achievements.

The recently concluded EIC Connect Oman delivered invaluable insights into the wealth of opportunities within the Sultanate, driven by a series of exceptionally wellcurated and insightful presentations. For those who were unable to attend, our team would be delighted to provide a comprehensive overview of the key takeaways and emerging prospects shaping Oman's dynamic energy landscape.

There are plenty of opportunities to catch up with the EIC team in the months ahead where we look forward to seeing you and discussing how we can help to elevate your business.

Ryan McPherson

Regional

Director,

Middle East, Africa & CIS ryan.mcpherson@the-eic.com

Aramco has signed an US$11bn agreement with a consortium led by Global Infrastructure Partners (GIP) for its Jafurah gas processing project. Under the deal, the consortium will lease the asset to Aramco and then lease it back over 20 years. A new subsidiary, Jafurah Midstream Gas Company (JMGC), will manage the facility, with Aramco holding 51% and GIP and partners 49%. The project includes a gas processing plant, NGL fractionation unit, gas compression systems and 1,500km of pipelines, supporting Saudi Arabia's largest non-associated gas development.

Saipem secures contract from QatarEnergy

Italian engineering giant Saipem has won a US$4bn EPC contract from QatarEnergy LNG to boost gas production at the North Field offshore natural gas reservoir. The scope includes engineering, procurement, fabrication and installation of six platforms, approximately 100km of corrosion-resistant subsea pipelines, 100km of composite cables, 150km of fibreoptic cables and associated subsea facilities.

Preowei project FID pushed to 2026 amid reserve optimisation

The final investment decision (FID) on TotalEnergies' US$2bn Preowei tie-back project offshore Nigeria has been delayed to 2026 as the company works to optimise reserves. Located 40km from the Egina FPSO, the 65,000 b/d development was previously stalled due to the pandemic, contract negotiations and cost-cutting efforts. TotalEnergies is analysing new 4D seismic data to potentially increase recoverable reserves beyond the current 116m bbls, improving project economics. Bidding consortia led by Saipem, TechnipFMC and Subsea 7 remain engaged, with a decision expected after ongoing FEED optimisation concludes this year.

Ryan McPherson

North and Central America news

Regional update

Before discussing the region's fall activities, I would like to take this opportunity to reflect on our summer. On 29 July 2025, the team welcomed Arendal. EIC analysts Lucas Ramos, lead energy analyst (CAPEX) and Victoria Marques, market intelligence intern – operational assets and decommissioning, provided market updates and analysed Mexico's changing energy landscape. A special thank you to the Arendal team, Juan Manuel Gonzalez Lelo de Larrea, country manager US and Ruben Kuri, director desarrollo de negocios, for their participation and sharing their extensive on-the-ground operational knowledge.

The EIC Houston office had a milestone announcement: 30 years in Houston. We celebrated on 26 August, bringing together the EIC team, members and non-members, to celebrate at the Houston Astros as they took on their rivals, the Colorado Rockies. This event provided all who joined the opportunity to network, enjoy the game and take advantage of the amazing Gallagher's Club facilities. We sincerely thank everyone who joined us. We will officially celebrate on 3 October at the prestigious Hermann Park Conservancy Cherie Flores Garden Pavilion. This black-tie event, 30 Years of Delivering Excellence: A Nineties Tribute Gala will be alongside the much-anticipated regional awards. It's not too late to purchase your ticket or a table to join us in honouring the thirty years of EIC in Houston, the contributions of EIC members throughout this journey and recognising winners and finalists of the WESCAs (World Energy Supply Chain Awards). To purchase a ticket or table, please visit: www.the-eic.com/ EventDetail/dateid/4579 or email houston@the-eic.com

Are you aware that we now have a presence in Louisiana? In fact, we had the pleasure of hosting the first event in our sector-specific Opportunities in the US Gulf of Mexico Upstream and CCS Sector in partnership with the Louisiana Oil & Gas Association (LOGA) at Baton Rouge's longstanding member-only social club, City Club. The all-day event featured a thought leadership panel and one-to-one meetings, allowing EIC members, non-members and LOGA members to hear from key project decision makers from ExxonMobil, Technip Energies and Genesis, a Technip Energies Company in a Chatham House rules environment. Thank you to our speakers: Justin Carr, CCUS manager, ExxonMobil; Shelley Ruszkowski, CCS strategy execution lead, ExxonMobil; Edward Hernandez, head of country US, Genesis a Technip Energies Company and Lorraine Chambon, business development manager, Technip Energies. Amanda Duhon

VP & Regional Director, North & Central America amanda.duhon@the-eic.com

Regional news

Federal policy shifts stall offshore wind plans

Massachusetts will delay its fifth offshore wind solicitation until at least 2026, citing federal policy uncertainty and unresolved contracts from the previous tender. Round four results, announced in September 2024, awarded three projects with a combined capacity of 2.67GW. The Massachusetts Department of Energy Resources (DOER) must issue a new tender within 24 months of the previous one, but industry feedback urged postponement. Developers highlighted halted federal permitting, uncertainty over tax credits and tariffs and the recent rescission of all wind energy areas on the US outer continental shelf by the Trump administration.

Trinidad and Tobago to expand offshore exploration with new deepwater awards

The Government of Trinidad and Tobago (T&T) has finalised terms with ExxonMobil for the award of seven ultra-deepwater exploration blocks (UD-1, comprising former blocks 17-23) off the country's east coast. The agreement marks ExxonMobil's return to Trinidadian waters after 20 years, with the company committing to a minimum exploration programme relatively near Guyana's prolific Stabroek block, including a US$42m investment in 3D seismic surveys and up to two exploration wells. This move signals confidence from global majors of the country's offshore potential and aligns with T&T's efforts to revitalise its E&P sector. Another example is the T&T 2025 Deepwater Bidding Round recently closed, which offered 26 deepwater blocks as a strategic response to declining output from mature onshore and shallow-water basins.

Forthcoming events

Please go to page 46 to see upcoming events around the world

Amanda Duhon

South America news

Regional update

9 October brings the inaugural Energy Procurement Summit. The event, which is focused on the procurement area, will feature panel discussions, exclusive networking and an exhibition area, offering a comprehensive and practical view of the sector's ongoing transformation.

Decommissioning will also be a highlight this month with Breakfast in Rio: Opportunities with Petrobras, IKM and Shell on 15 October. Join us and find out more about the preparation for a significant wave of platform decommissioning in the future, aligned with regulatory requirements and long-term investment plans.

OTC Brazil 2025 will end the month on 28-30 October and the EIC is preparing an amazing networking opportunity to end the exhibition. The 11th edition of Rio Samba & Gas is our signature networking event and offers energy professionals a relaxed and vibrant setting to connect informally at Rio Scenarium for networking and caipirinhas.

On 13 November Breakfast in Rio will spotlight project opportunities with SBM Offshore and Baker Hughes. SBM remains at the forefront of safer, more efficient and sustainable offshore solutions.

Regional news

Chile announces US$2.8bn tax credit scheme for green hydrogen

The Chilean government has introduced a new green hydrogen bill offering US$2.8bn in tax credits to foster demand for electrolyser-powered hydrogen and help project developers to reach FID. The credits will offset payments of the First Category Tax, Chile's corporate income tax base rate. The subsidy will be limited to US$5 per kilogram of hydrogen used, with US$700m allocated by 2025 and gradually reduced to US$300m by 2030. In addition to the tax break, the bill establishes a temporary fund to support the development of a green hydrogen industry in the country financed by the treasury and the Chilean Economic Development Agency (CORFO). The government intends to present the bill within the current legislative term, which ends in March 2026.

Baker Hughes is one of the world's largest energy technology companies. Headquartered in the US and operating in more than 120 countries, in Brazil it is based in Rio de Janeiro.

And to wrap up 2025, on 8 December the EIC is organising a Trade Delegation to Guyana. This trade mission offers delegates direct access to key local stakeholders through pre-arranged meetings, expert-led briefings and targeted networking with local companies. A strategic opportunity to gain insights and establish relationships in one of the region's most promising markets.

EIC Connect Energy Brazil took place in August in Rio, with more than 200 registrations and 110 business meetings to strengthen connections and drive opportunities in the energy sector. We went from the formation of the world with Gondwana to explaining the pre-salt layer, which today justifies 10 more FPSOs that will be on the way between 2025 and 2029. We explored the green world and the importance of regulation for the development of CCS and hydrogen. We saw the strength of biofuels and Brazil's potential.

We would like to thank our speakers: Petrobras, EPE, SBM Offshore, MODEC, bp Bioenergy, UISA, Green Energy Park, Baker Hughes, Subsea7, Noxis Energy, Acelen, TAG, Ternium, Comgás and Energisa. We would also like to thank our Gold sponsors Leal Cotrim, OceanPact and Kincaid, our Silver sponsor Intertek Moody and our exhibitors Hummel, Priner and Intertek Moody.

Clarisse Rocha, Director – Americas clarisse.rocha@the-eic.com

YPF divests non-core areas to focus on Vaca Muerta shale

The company has launched the Andes 2 project, a key initiative within the so-called 4x4 Plan, which aims to quadruple YPF's value in four years. This follows successful completion of a series of divestments of conventional fields with low productivity and high costs aiming to optimise YPF's portfolio and redirect capital towards Vaca Muerta. The first part of the project involved the transfer of 28 assets across several provinces, attracting interest mainly from local companies. The second round of divestments has the objective of transferring 16 conventional blocks, in the following clusters: NOA (Salta), Chachahuen (Mendoza), Malargüe (Mendoza), Agua Salada (Río Negro), Manantiales Behr (Chubut) and Mendoza Non-Operated (Mendoza/La Pampa).

Clarisse Rocha

Survive &

In its ninth year, EIC's Survive and Thrive initiative continues to research the 15 most popular growth strategies used by the world's energy supply chain in challenging market conditions. New and important findings have been revealed, such as the trend for businesses and skilled workers to relocate in their droves to the Middle East, in response to short term and inconsistent energy policies and project delays in many other parts of the world, attracted by the longer term and all-energy technology polices and the much higher supply chain growth rates in the Middle East.

The report features 139 success stories and insights from 138 EIC member companies and underscores the need for all regions to learn the lessons of the Middle East.

Exporting to new markets remains the least used growth strategy due to excessive risks, cost and time to market. Companies called for more government support and funding with market access. The #1 growth strategy was to develop client-facing solutions and services, with 82% of these companies working directly with operators and Tier 1 EPCs.

Please see our success stories overleaf or visit the EIC website to view the complete report: www.the-eic.com/MediaCentre/Publications/SurviveandThrive

The EIC Awards Programme

The World Energy Supply Chain Awards aim to recognise excellence from all companies and organisations across the energy industries globally. In their business cases featured in the Survive & Thrive Insight Report, the EIC member companies can demonstrate how they faced a specific challenge and introduced a new business solution or any initiative that drove successful results.

AWARD CATEGORIES

Collaboration

Culture

Digital

Diversification

Energy Transition

Environmental Sustainability

Export

Innovation

Optimisation

People and Competency

Resilience

Scale Up

Service and Solutions

Technology

Transformation

The WESCA winners 2024

Euro Mechanical

Stepping up, stepping out: supporting the growth of the nation

Jon Rawding CEO

How is Euro Mechanical thriving?

While maintaining a strong commitment to and deep-rooted client relationships within the oil and gas sector, Euro Mechanical is strategically growing its portfolio in alignment with the UAE’s economic diversification vision. This includes an impressive 22% diversification in activity within its Industrial Solutions division, reflecting the expansion of product and service offerings. Simultaneously, Euro Mechanical’s new Sustainable Energy Solutions business unit and key partnerships are enabling the company to deliver critical decarbonisation technologies, further demonstrating evolving capabilities.

The challenge - As a 100% locally owned Abu Dhabi business with nearly 50 years of heritage, Euro Mechanical faced the key challenge of balancing continued support for its traditional client base while positioning itself for long-term resilience in a changing market. Although not experiencing operational difficulties, its leadership team, appointed in 2018, recognised the imperative to align with the UAE’s economic diversification agenda. This necessitated expanding beyond core oil and gas activities while maintaining the high-performance culture that had fuelled its success, ultimately leading to the development of Vision 2030 – a roadmap for diversification and sustainable growth.

The solution - Launched in Q4 2023, a key component of Vision 2030 is to derive onethird of company activity from new business by the end of the decade.

The strategy is leveraging the company’s unique selling propositions – trusted brand, international leadership and operational excellence – to guide expansion while deepening existing client relationships. After conducting thorough market analysis, Euro Mechanical identified that innovation, technology and collaboration are critical to the UAE’s economic diversification and meeting the nation’s ambitious Net Zero 2050 goals.

The analysis revealed key challenges, including a lack of trusted partnerships between local firms and international technology

companies, a need for local expertise in technology deployment, and recognition that international players must understand client needs and local manufacturing capabilities to succeed in the UAE market. This insight proved invaluable in shaping the company’s approach to bridging these gaps.

Euro Mechanical focused on two strategic initiatives – diversifying its Industrial Solutions division and establishing a new Sustainable Energy Solutions business unit, including the partner based Sustainable Technology Cluster to provide critical decarbonisation technologies. The idea was that company could maintain momentum in established markets while systematically building presence in emerging sectors which align with national priorities.

Industrial Solutions followed a phased approach. Phase one identified opportunities in adjacent markets using existing partner technologies. Working closely with strategic technology partners Beamex and Baker Hughes Waygate Technologies, Euro Mechanical adapted calibration and inspection technologies for the aviation sector.

The company also invested in comprehensive training, with three team members receiving specialised instruction at partner facilities in India, Belgium and Finland to support technology implementation. This approach has yielded 15 contract awards from globally renowned aviation companies.

Phase two has been all about welcoming new partners and technologies to provide greater value to both existing and new clients, while expanding into additional market segments. This builds upon the credibility established in phase one while allowing for more ambitious technology deployment at scale.

The second initiative established the Sustainable Technology Cluster, offering clients streamlined access to complementary sustainability technologies while providing Euro Mechanical’s international technology partners with privileged market access and valuable insights into local requirements. This innovative platform removes friction from the technology adoption process for clients, at the same time creating a supportive ecosystem for technology providers.

A key success has been partnering with the Net Zero Technology Centre for client decarbonisation consultancy services.

Story type

#diversification (main category)

#culture

Benefits

▸ Non-oil and gas activity increasing 12% in Industrial Solutions.

▸ Fifteen contract awards from prestigious clients due to comprehensive training approach.

Key findings

For young people

▸ Adopt a growth mindset and be willing to learn.

For industry

▸ Embrace change and cultivate adaptability.

For government

▸ Listen when companies tell you how they can contribute to countries’ net zero journey.

Euro Mechanical at a glance:

Key products and services: construction and management, process solutions, mechanical integrity services, habitats, technology portfolio.

Main industries served:

▸ Oil and gas

Headquarters: Abu Dhabi, UAE

Year established: 1976

Number of employees: 2,000

Additionally, Euro Mechanical partnered with Precision Impulse on innovative 4D seismic pulse technology for geological CO2 storage, facilitating a successful field trial for a major national oil company in Q4 2024.

Throughout this transformation, Euro Mechanical has maintained its core values of reliability, proficiency, collaboration and integrity through quarterly programmes highlighting employee stories. In Q3 2024, one featured story showcased how teams provided an integrated solution to an oilfield service client beyond their initial ‘habitats’ request, delivering greater value through construction expertise and manpower services.

So far, the numbers are backing up Euro Mechanical’s decision to diversify, with Industrial Solutions increasing non-oil and gas activity from 10% to 22% and projected to reach 30% by the end of 2025.

By aligning with the national vision and leveraging its established reputation, Euro Mechanical supports both traditional energy clients and those pursuing energy transition –ultimately, it is majorly contributing to the UAE’s long-term growth and diversification objectives.

Fibron BX

Succeeding through high standards and a customer-first approach

Philip Ashley CEO

How is Fibron BX thriving?

Fibron BX has experienced remarkable growth since 2019. Through strategic investments in key growth areas such as renewables, specialised cables, and remotely operated vehicle (ROV) technology, the company has repositioned itself as a leader in the sector. By focusing on customer intimacy, refining its product offerings, and optimising operational efficiencies, Fibron has not only expanded its customer base but also strengthened its position in the market, with substantial revenue growth and increased global recognition.

The challenge - Established in 1986, Fibron is fast approaching is 40th anniversary with much to shout about. However, a few years ago, that wasn’t the case.

In 2018, Fibron faced a period of stagnation, following a divestment from its lowergrowth core segments. Despite remaining profitable, the company struggled to maintain a growth mindset and lacked a clear direction for expansion. This challenge was compounded by a shift in leadership when Fibron was acquired by a Londonbased private equity firm.

The firm recognised the potential in Fibron’s people, technology, and market presence but saw the need for a comprehensive review and restructuring to enable the company to grow. With a focus on key growth areas, the company sought to diversify and strengthen its offerings, notably in the growing field of renewable energy.

The challenge was clear: how could Fibron reignite its growth in a competitive and rapidly evolving market?

The solution - In 2019, a bold strategy was launched to reposition Fibron for growth. A complete organisational overhaul was undertaken, with product line teams introduced to focus on specific areas of the business, including the burgeoning ROV market. The arrival of new CEO Phil Ashley marked a shift toward a more outwardly focused approach, with an emphasis on customer relationships and project

management. Fibron leveraged its longstanding expertise in ROV technology, which had been in development since 2012, and began working closely with a select group of key customers, including oceanographic research firms.

Fibron’s focus on “customer intimacy” helped build closer relationships with OEMs, particularly in the UK, allowing the company to better understand their needs and provide tailored solutions. The company also invested in improving its operational efficiencies, including revamping its supply chain, particularly in the area of fiber optics, which was essential to remain competitive on price without compromising on quality. These efforts were critical during the COVID-19 pandemic, when staff numbers were reduced, but quickly rebounded post-pandemic with increased hiring to support growth.

Despite the challenges posed by the pandemic, the geopolitical situation, and fluctuating raw material costs, Fibron’s strategic investments paid off. In 2023, the company saw significant growth, doubling its revenue in just five years – from £20.6 million in 2019 to £36.9 million in 2023.

Its product range expanded dramatically, with the company moving from selling ROV 10-15 cables per year to 45-50 cables annually. The company’s shift from being a mid-tier player in the market to ranking among the top two competitors globally is a direct result of this strategic overhaul.

Additionally, in March 2023, Fibron’s acquisition of Rochester Cables by its new owners, Hexatronic, further fueled its growth trajectory. Hexatronic’s investment in Fibron and its growth-driven approach helped the company continue to scale, both in terms of product innovation and market share. The company’s R&D efforts were bolstered by the acquisition of R&D tax credits, which were reinvested into developing new tether products for ROVs.

Fibron’s commitment to high-quality standards and its customer-first approach have been key factors in its continued success. Its on-time delivery rate exceeds 95%, and customer feedback highlights the company’s strong project management service, which sets it apart from competitors who treat these projects as mere commodities.

Story type

#optimisation (main category)

#scale up

Benefits

▸ On-time delivery rate exceeds of over 95%.

▸ Revenue increase of over 70% over the past five years.

Key findings

For young people

▸ Make the most of any opportunity.

For industry

▸ Bring all parts of the supply chain, including SMEs, to open discussions.

For government

▸ Back domestic UK production.

Fibron BX at a glance:

Key products and services: cables and umbilicals design and manufacturing.

Main industries served:

▸ Oil and gas – 33%

▸ Offshore renewable energy – 6.3%

▸ Others (non-energy) – 60.7%

Headquarters: Hoddesdon, UK

Year established: 1986

Number of employees: 138

Revenue: £36m

Revenue from exports: 70%

The company’s global presence has expanded, with notable involvement in highprofile projects, such as providing cables for the Titanic expedition in September 2024, where Fibron’s cables were used for ROVs to gather unprecedented photographic records of the wreck.

Fibron’s ability to grow revenue while reducing costs, even amid challenging economic conditions, has been a testament to its effective strategy and its talented team. The company’s revenue has increased by more than 70% over the past five years, and its ROV business has seen a fourfold growth.

Today, Fibron is competing with large-scale cable manufacturers on a global scale. The company’s achievements, driven by innovation, strategic focus, and a dedicated team, have solidified its position as a leader in the cable and umbilical market, with a reputation for delivering quality products and services to clients worldwide. The future looks bright as Fibron continues to capitalise on its strengths and seize new opportunities for growth.

Fifth Ring

Transforming marketing from cost centre to data-driven growth engine

How is Fifth Ring thriving?

Ian Ord

CEO

By developing and implementing its innovative Predictive Revenue methodology, Fifth Ring has successfully repositioned itself from a traditional marketing agency to a strategic revenue partner for clients in the energy sector and beyond. The approach aligns sales, marketing and leadership around a single, measurable view of the pipeline which enables companies to track, forecast and optimise revenue generation. It has already proven popular, with nearly £550,000 added to Fifth Ring’s tender pipeline specifically for Predictive Revenue projects in the past year alone. Meanwhile, the shift in focus has also transformed client conversations from campaign outputs to pipeline, performance and revenue outcomes, thereby creating longer-term engagements and deeper strategic partnerships.

The challenge - As an international B2B marketing agency with deep roots in the energy sector, Fifth Ring has spent over 30 years supporting companies across the full energy value chain. The energy sector has always been cyclical, but recent policy shifts, global health crises and geopolitical disruptions have made these cycles harder to predict, thereby increasing uncertainty for companies trying to forecast demand or plan investment.

When uncertainty rises, marketing budgets are often first to be cut, partly because they are viewed as expendable during challenging times because they are not tied closely enough to revenue. The equation was clear – despite its strong reputation and sector experience, Fifth Ring needed to provide greater marketing attribution data and revenue predictability for clients.

Indeed, the company couldn’t just ride out these cycles. It needed to do something differently that would give both them and their clients more control over revenue, clarity over pipeline and consistency in commercial performance.

The solution - Fifth Ring’s response was to develop Predictive Revenue. A methodology designed to link marketing directly to commercial outcomes, it was initially created

after COVID-19 and subsequent energy market downturns as an internal tool and later productised for clients.

Interestingly, Fifth Ring observed that clients weren’t cutting marketing budgets because they didn’t see value, but because they lacked commercial evidence to justify continued spend. This insight prompted the agency to evolve its approach, not just delivering marketing outcomes but underpinning them with a system that proves how those efforts drive measurable commercial results.

A key inspiration came from a market disconnect. Energy companies were investing heavily in digital transformation but were not applying that same thinking to marketing and business development, taking cutting-edge products to market using outdated marketing infrastructure. Predictive Revenue addresses this gap by aligning marketing, sales and leadership around a single, data-driven strategy.

Fifth Ring began developing the concept in 2022, with full implementation and external launch in early 2024. The company built internal processes, aligned teams and tested the model across markets before taking it public. However, it still faced challenges in overcoming the entrenched disconnect between sales and marketing in client organisations.

A case study illustrates the impact Predictive Revenue has had. A client approached Fifth Ring with a broken CRM setup in HubSpot – its sales and marketing process wasn’t reflected in the system, reporting was minimal, and pipeline visibility was non-existent. Deals were disconnected from contacts and companies, making it impossible to track performance or understand growth drivers.

Fifth Ring stripped everything back and rebuilt the environment from scratch, aligning HubSpot with how the client actually sells. Using the Predictive Revenue model, the Fifth Ring team provided a clear view of input versus outcome, which has enabled smarter decisions around sales and marketing activity and resource allocation. With a connected CRM, SEO and paid campaigns

Story type

#optimisation (main category)

#service & solutions

Benefits

▸ Tender pipeline growth of £550,000 for Predictive Revenue projects in a year.

▸ Increase of 25% expected in 2025.

Key findings

For young people

▸ Immerse without fear and learn without limit.

For industry

▸ Speak to people’s real challenges and don’t just sell a vision.

For government

▸ Put the right frameworks, investment and confidence in place to unlock the real potential that sits within your industries.

Fifth Ring at a glance:

Key products and services: marketing services.

Main industries served:

▸ Energy – 25%

▸ Others (non-energy): industrial, technology, chemicals, publishing, maritime – 75%

Headquarters: Aberdeen, UK

Year established: 1991

Number of employees: 50

Revenue: £5.5m

Revenue from exports: 65%

underway, and a long-term account-based marketing strategy in motion, the client is now positioned for growth and finally able to understand, scale and own their space.

So far, the decision to create Predictive Revenue has paid off. Over the past year alone, Fifth Ring has added nearly £550,000 to their tender pipeline specifically for Predictive Revenue projects. From a profitability perspective, 2024 was a record year with its highest ever EBITDA, and the company is now projecting 23% growth in 2025.

Today, project delivery has expanded from campaign metrics to include pipeline, performance and revenue outcomes. Underpinned by Fifth Ring’s positioning promise, ‘Own the Space’, the Predictive Revenue approach guides clients to define and thrive in their market niche with brand clarity, demand generation and data insight to drive consistent outcomes.

Fluor

AI and digital strategy drive project execution excellence

Stuart McLean Director Execution Systems & Digital Enablement

How is Fluor thriving?

As a leading global engineering, procurement, construction (EPC) provider, Fluor is further strengthening its competitive position through a comprehensive digital transformation and artificial intelligence (AI) strategy. Building on early machine learning successes dating back to 2015, the company has implemented structured frameworks for AI adoption and digital innovation, targeting a 10-20% improvement in project execution efficiency along with improved effort hours, increased quality and schedule certainty. This continuous improvement approach is enhancing Fluor’s project predictability and quality while meeting growing client expectations for digital capabilities in an increasingly technology-driven EPC market.

The challenge - For a global EPC company, maintaining technological leadership is crucial to retaining competitive advantage across its three business segments: Energy, Urban and Mission Solutions. Fluor recognised this imperative ten years ago as emerging AI technologies began transforming business processes across industries.

The company faced several interconnected challenges. It needed to establish clear guidelines for evaluating and implementing AI technologies in a rapidly evolving landscape. Fluor also required a structured approach to digital transformation that would complement existing business strategies while driving behavioural change in engineering practices that had remained relatively consistent for decades.

With clients increasingly expecting evidence of digital capabilities, coupled with Fluor’s demand to drive execution excellence through digitalisation, Fluor recognised that developing and expanding upon a comprehensive approach to data, AI and digital transformation was the cornerstone to future success.

The solution - Among Fluor’s early machine learning and deep statistical AI success was the development and implementation of its EPC Project Health Diagnostics (EPHD®) solution. This system began delivering benefit and insights starting with engineering in 2015 and growing each year since then into new areas to support program management across the entire EPC value chain.

EPHD® focused on early detection of impacts

on project vital signs. It enables monitoring and reporting on project health with root cause identification, and predictable intermediate and final outcomes, all driven by a deep historical Industry database of structured data around actual project results.

This Fluor AI ecosystem of proprietary processes, tools, and capabilities in the EPHD® System leverages neural networks trained on 20 years of historical project data to deliver early project management and actionable insights. These insights help to identify specific areas of potential obstacles for investigation and early intervention, driving project certainty and success.

Fluor is now building on this big data AI foundation with new automated analytics solutions rolled out to engineering leaders and office staff, including C-suite reports measuring performance.

In recent years, Fluor has expanded its digitalisation approach by launching a comprehensive AI strategy to stimulate business interest in new technologies, while providing structured processes for evaluation and implementation.

The establishment of a Centre of Excellence (CoE), bringing together representatives from core functions including legal, information technology, and project execution, facilitated a governance approach based on risk and emerging regulation. The CoE set clear parameters for acceptable AI applications and identified areas presenting unacceptable ethical, moral, or business risks. Final investment decisions are managed through an AI investment committee based on recommendations from the CoE.

To encourage adoption throughout the company, Fluor established an AI ambassador and champions programme, creating localised groups of enthusiasts to drive grassroots implementation and momentum.

Building on this, Fluor conducted a comprehensive stocktake of its digital capabilities and launched a digital strategy framework. With initial focus on Engineering, the strategy identifies current state, inefficiencies and opportunities. The resulting digitalisation strategy, published in 2024, established a five-year framework that complements IT and business planning by providing deeper insights into digital challenges and the company’s desired future state.

Focussing on key elements of process, people, tools and data commoditisation this creates a structured approach to annual technology initiatives. Each new development builds upon previous work, establishing a cohesive pipeline

Story type

#digital & AI (main category)

Benefits

▸ Digital strategy to optimise and improve processes.

▸ Driving efficiencies in execution and clients’ interest in Fluor’s AI solutions.

Key findings

For young people

▸ Fluor is building a better world. The company delivers solutions that change the way the planet is fuelled, cities run, people move, doctors heal and governments keep people safe.

For industry

▸ Technology can change the world, but fundamentally it’s people that will solve the challenges we face.

For government

▸ Smart investments in existing and emerging technology sectors in the UK.

Fluor at a glance:

Key products and services: engineering, procurement, and construction.

Main industries served:

▸ Energy – 38%

▸ Others (non-energy): Urban and Mission Solutions – 62%

Headquarters: Irving, US

Year established: 1912

Number of employees: 27,000

Revenue: £12.6bn

of improvements supporting broader strategic objectives. The strategy also emphasises the importance of data standardisation as a foundation for effective future AI implementation, not only for predictive and descriptive analytics, but also for deterministic AI applications that rely on repeatable, trustworthy and rules-driven processes.

Implementation of the engineering strategy began with ‘sprint’ initiatives running from early 2024 into 2025. After launching in engineering, the digital transformation approach is being extended to construction and supply chain functions, unlocking further opportunities for efficiencies.

Fluor anticipates at least a 15% improvement in efficiencies from adopting a truly datadriven approach, with potential for 20–25% efficiency gains in overall engineering execution. Beyond internal benefits, clients are increasingly interested in how Fluor leverages AI to optimise project work, with digital capabilities becoming both an expectation and a differentiator at bidding and execution stages.

Forship

A pioneer of innovative commissioning engineering and O&M solutions

Fabio José da Rocha Fares President and CEO

How is Forship thriving?

Brazilian firm Forship has established itself as a leader in commissioning and operation and maintenance (O&M), pioneering innovative solutions like its Handover Management System and paperless commissioning. By diversifying across industries and shifting from CAPEX to OPEX, the company has successfully navigated economic and regulatory challenges. Ongoing investment in technology, efficiency, and client solutions has cemented the firm’s position as a leading player in its markets.

The challenge – Since its foundation, Forship has been specialising in innovative engineering and IT solutions for complex industrial plants. With over 26 years of experience, the firm is renowned as a leader in commissioning, O&M, inspection, modification, and repair (IMR), technical consulting, as well as for developing HMSWeb, an innovative software platform for managing quality, completions, and commissioning in industrial projects having successfully completed over 460 projects across more than 200 industrial plants.

In the late 1990s, Brazil was enjoying democratic and economic stability. After a weak 1980s, Brazil’s shipbuilding industry was recovering, and deep-water oil and gas expansion had just begun, with only two FPSOs in operation.

It was in this context that Forship identified a gap in the commissioning process.

Commissioning FPSOs involves up to 120,000 activities and 30,000-40,000 parts, making managing activities the biggest challenge. However, prior to Forship, the market had been characterised by a large amount of paperwork, making it difficult to track completed or pending tasks.

Recognising inefficiencies, Forship set out to pioneer commissioning engineering for FPSOs in Brazil.

The solution – From the outset, the firm set

out to focus on three key pillars: in-house engineering, management, and execution.

Quickly, it earned a reputation as an innovator, developing its proprietary Handover Management System (HMSWeb), a pioneering software platform created by a company specialised in commissioning engineering.

As Brazil’s oil & gas industry grew, Forship leveraged local content laws to achieve a leading position in the market, expanding successfully into multiple sectors such as power generation, mining, pulp & paper and others. From here, the firm also began to further diversify, offering consulting services to foreign companies that needed to adapt to Brazilian legislation.

At one point, a client reached out to Forship regarding a project involving the construction of two rigs to operate outside Brazil, for Petrobras and Mitsui in South Korea, with the intention of acting globally. The client inquired about what would be necessary for these rigs to operate in Brazil, emphasising the importance of understanding Brazilian legislation.

Forship conducted a detailed analysis of Brazil’s regulatory requirements, producing a report with hundreds of compliance criteria. Thus, it opened a new business front, offering consulting engineering services focused on compliance with Brazilian rules.

At the same time, Forship’s innovation involved the development of HMSMobile, the mobile application of its cloud-based management system, which brought the concept of ‘paperless commissioning’ to life, — an innovation consolidated around 2015.

Further, during the thermoelectric plants period in Brazil, another important demand arose for Forship: operation during the transition. At that time, there were no thermoelectric operators in Brazil, except for coal-fired plants in the south. Forship was invited to supervise the initial operations of these plants, ensuring they were ready to start safely and efficiently.

Since 2020, 80% of Forship’s revenue has come from O&M. The company quickly adapted to market changes, especially after the 2008 financial crisis and a period of political and economic instability in Brazil. During this

Story type

#transformation (main category)

Benefits

▸ 80% of Forship’s revenue coming from O&M.

▸ Successful adaptation to changing industry needs.

Key findings

For young people

▸ Keep developing, have a long-term vision, take care of your health, and seek to balance the Cartesian world of engineering work with some form of art.

For industry

▸ Be humble, clear and transparent.

For government

▸ Strengthen the industry, agriculture, art, culture, and sports by eliminating poverty, violence, inequalities and promoting education and health.

Forship at a glance:

Key products and services: engineering and IT solutions.

Main industries served:

▸ Oil and gas – 85%

▸ Conventional power – 4%

▸ Others (non-energy): mining, pulp & paper, agroindustry, petrochemicals – 11%

Headquarters: Rio de Janeiro, Brazil

Year established: 1998

Number of employees: 900 Revenue: £34m Revenue from exports: 25%

period, the company faced serious financial difficulties, including a “default” equivalent to one year’s revenue, but managed to overcome this crisis by shifting its focus from CAPEX projects to OPEX.

Today, Forship leads the O&M sector without asset ownership, operating 26 fixed platforms, Utilities of a NGPU, 1 LNG regasification terminal, Cranes and cargo handling equipment on 11 FPSOs, and managing largescale projects. The company has also become a reference in operational safety and efficiency, and customer satisfaction.

The firm has excelled by adapting to market changes, continually focused on improving its clients’ operational efficiency. The natural diversification of its services, with expansion into operations and maintenance, has been crucial for the company’s success, with the company continuing to invest in new projects, taking valuable lessons from each endeavour.

Indeed, these strategic decisions and a focus on technology and efficiency have made Forship a respected leader in O&M, known for high performance and client satisfaction.

FOX Brasil

From regional player to internationally recognised logistics specialist

Story type

#diversification (main category)

#culture

Benefits

▸ Per-client revenue by 10-30%.

▸ Best financial performance in a decade in 2024.

Key findings

For young people

Simon Sousa

Murilo Caldana Managing Director Project Director

How is FOX Brasil thriving?

By implementing a strategy focused on diversification, relationship building and geographical expansion, FOX Brasil has successfully transformed into an international provider of complex project cargo transportation services. The company has expanded its portfolio besides of air & sea freight to include road transportation, customs clearance, courier express, hand carry and heavy lift & engineering solutions, while opening new strategic branches across Brazil. This approach has enabled FOX to achieve its best financial results in a decade during 2024, with forecasted growth continuing into 2025 despite global economic uncertainties.

The challenge - The post-pandemic environment presented FOX Brasil with multiple challenges threatening its growth trajectory. International freight rates increased dramatically, while global logistics networks experienced unprecedented disruption with critical shortages of shipping space and equipment. At the same time, the Brazilian Real depreciated significantly against major currencies, increasing costs for international operations.

Political changes in Brazil and around the world created additional uncertainty, while freight forwarders also faced growing competition for qualified personnel. As a Brazilian company operating in a market dominated by international competitors, FOX needed to overcome perceptions about reliability and capability.

Brazil’s challenging logistics environment itself presented obstacles, with complex bureaucracy, inconsistent infrastructure and unique customs requirements creating barriers for international clients. Explaining these complexities to customers unfamiliar with local conditions required significant effort, especially when communication was primarily remote during and after the pandemic.

Amid all this, the company needed to find a way to differentiate itself while adding value to existing clients and expanding its geographical reach beyond its São Paulo headquarters. The challenge was to transform these obstacles into opportunities that would position FOX Brasil as a trusted partner for navigating Brazil’s complex logistics environment.

The solution - The company embarked on a multi-faceted strategy built around service expansion, relationship development and

geographical growth.

Recognising that face-to-face interaction was crucial for building trust, FOX made a significant commitment to international networking, conducting 17 business trips in 2024 alone to personally present their capabilities to potential clients and partners.

This relationship-building focus was complemented by strategic service diversification. The business underwent a rigorous process to obtain courier express licensing, despite facing significant challenges around renting unused office space in Guarulhos, providing a substantial financial guarantee and investing in specialised tracking systems required by Brazilian tax authorities. While still in its investment phase, this initiative positions FOX Brasil to capitalise on the growing e-commerce sector.

The company also expanded its customs clearance capabilities, particularly in Santos, which is Latin America’s largest port. After establishing an office there three years ago, FOX Brasil now handles approximately 80 customs processes monthly, allowing direct client contact throughout the logistics process rather than relying on outsourced partners.

To address the need for local presence in Brazil’s regionally diverse market, FOX opened new branches in Guarulhos, Santos, Curitiba and Itajaí, while establishing commercial representation in four additional locations. This expansion recognised that Brazilian business culture varies significantly by region, with clients in areas such as Curitiba and Santos preferring to work with local representatives.

FOX Brasil also established a dedicated team for special projects, covering jobs such as comprehensive feasibility studies and engineering solutions for complex transportation challenges. It has proven a savvy move. By charging for detailed studies of bridge structural analysis for 420-tonne turbines or route planning for oversized equipment, the company generates revenue while establishing expertise and building client trust before transportation begins.

Many of those clients are now coming from abroad. This is because FOX has strategically diversified its international portfolio and developed direct relationships with

▸ Have interest, curiosity and focus.

For industry

▸ Don’t focus solely on investing to grow externally: increase your business with existing clients.

For government

▸ Improve port, terminals, railway and road infrastructure.

FOX Brasil at a glance:

Key products and services: freight forwarding and project logistics.

Main industries served:

▸ Onshore renewable energy – 50%

▸ Oil and gas – 25%

▸ Conventional power – 15%

▸ Hydrogen – 10%

Headquarters: São Paulo, Brazil

Year established: 2002

Number of employees: 60

Revenue from exports: 70%

international shippers. By attending industry events multiple times and actively participating in discussions, the company has positioned itself as a reliable partner for international enterprises needing logistics support in Brazil. So far, it has conducted cross-trade operations for clients in countries such as Czechia, Ecuador and Panama without intermediaries.

Growth has also been achieved among existing client bases. Here, FOX Brasil has identified opportunities to upsell services such as road transportation, increasing per-client revenue by 10-30% through deeper relationships and delivering a consistent service.

Throughout this transformation, FOX has emphasised its role not merely as a transporter but as an integral part of clients’ projects, and thus a contributor to new clean energy plants and regional development.

The results have been impressive. FOX Brasil achieved its best financial performance in a decade during 2024. Even with ongoing geopolitical uncertainties, its strategy of focusing on high-quality projects has provided resilience against market fluctuations. With a reputation now enhanced, international clients are now routinely approaching FOX Brasil as they seek to navigate the country’s logistics landscape.

Fulkrum

Scaling with purpose: Putting people at the heart of rapid growth

Brock Falkenhagen Vice President

How is Fulkrum thriving?

Having implemented a comprehensive peoplefirst strategy during a period of exceptional growth, Fulkrum has successfully scaled its global operations while maintaining its cultural foundations. The UK-based technical inspection and staffing company has achieved remarkable commercial success, growing revenues by nearly 50% year-on-year in 2023 and over 30% in 2024 – all whilst maintaining exceptionally low staff attrition rates and record-high employee engagement scores across its 15 global offices.

The challenge - As Fulkrum continued along its rapid expansion journey, growing at nearly 50% year-on-year in 2023, it faced a critical challenge that threatens many scaling businesses: maintaining its culture and service quality while moving into new territories, sectors and service lines. Despite tremendous success in growing client accounts through its high-performing global team, leadership recognised that sustaining this trajectory would be challenging without addressing the inherent risks of rapid growth. Instead of prioritising growth at all costs, Fulkrum made the decision to focus on its greatest asset – its people.

The solution - Fulkrum adopted the principles from Scaling Up by renowned business growth expert Verne Harnish, focusing specifically on the ‘People’ pillar of the framework. In 2024, following the appointment of a Head of HR, the company implemented a comprehensive people-centric strategy designed to create an environment where employees would choose to stay and thrive.

The strategy encompassed several key initiatives. Fulkrum invested heavily in systems and processes, implementing BambooHR to streamline employee management across different countries and employment legislations, a move which has reduced administration and improved the employee experience. The company has also revolutionised its recruitment and onboarding processes by building internal HR capabilities, investing in LinkedIn Recruiter, and creating a streamlined approach that enabled it to complete over 60 hires in 2024 with only one external agency placement. A comprehensive onboarding programme was established, featuring a buddy system, intensive first-week orientation, and 90-day training

programmes to ensure rapid cultural alignment and knowledge sharing.

Internal communication has been transformed through multiple channels, including annual senior leadership workshops, quarterly global business updates, monthly regional meetings and an internal employee community platform. The company has also introduced communication champions to accelerate initiatives such as charity events (providing two paid volunteer days annually), global wellness challenges, and cultural celebrations that foster mutual respect and curiosity about diverse backgrounds.

Meanwhile, several employee engagement initiatives have proven effective. These include the introduction of a travelling company mascot, locally managed social budgets, Employee of the Month programmes, peer-to-peer feedback systems, and flexible working policies. Fulkrum also implemented biannual employee Net Promoter Score (eNPS) surveys with comprehensive action planning – this has ensured feedback directly shapes company evolution and reinforces feelings of belonging and empowerment.

In terms of performance management, the company has redesigned its systems to assess both KPIs and behavioural aspects aligned with company values, incorporating 360-degree feedback to support transparency and a learning culture. Incentive structures such as performance bonuses and business development rewards have also been implemented to ensure employees feel connected to company success. Indeed, long-term service is celebrated meaningfully, with 10-year anniversary trips funded for employees and their families.

Training and development activities have been transformed through internal working groups that shaped technical training, recorded system training materials, and created verificationbased training matrices. The company also initiated internal mentoring programmes, leadership training sessions and team coaching programmes alongside investments in individual apprenticeships, professional qualifications and MBAs for high-potential employees.

This people-first approach has delivered promising results to date. For example, Fulkrum has maintained regretted attrition below 7% whilst achieving over 30% revenue growth, welcomed more than 60 new hires and maintained a +90% retention rate, and achieved eNPS participation rates of 90% with scores between +30 to +50, which is significantly above industry benchmarks. The company also completed 14 internal

Story type

#people & competency (main category) #culture

Benefits

▸ Fulkrum’s approach towards its employees has delivered results including 60 new hires and +90% retention rate.

▸ Client satisfaction scores have reflected this internal success, with average ratings of more than 9/10 across all key metrics.

Key findings

For young people

▸ Have patience and perseverance. Good things come from hard work, but it takes time.

For industry

▸ Invest in your people, don’t always focus on the numbers. Good times in industry come and go, but happy employee, happy client.

For government

▸ Less regulation in the US will bring more investment coming in manufacturing –how can we keep this country great for decades and centuries to come.

Fulkrum at a glance:

Key products and services: technical inspection and staffing services.

Main industries served:

▸ Oil and gas – 65%

▸ Offshore renewable energy – 10%

▸ Hydrogen – 10%

▸ Conventional power – 5%

▸ Carbon capture – 5%

▸ Nuclear power – 3%

▸ Onshore renewable energy – 1%

▸ Energy storage – 1%

Headquarters: Corby, UK

Year established: 2011

Number of employees: 150

Revenue: £54.6m

Revenue from exports: 70%

promotions in 2024, with over 20% of the team having more than six years of service.

Client satisfaction scores have reflected this internal success, with average ratings of more than 9/10 across all key metrics including response times, value delivery and overall experience. Feedback from customers consistently praises individual team members by name, with comments highlighting exceptional coordination and professional service delivery. Overall, this strategy has proved that investing in employee wellbeing directly translates to superior client relationships and commercial performance. Ultimately, it has enabled Fulkrum to scale with purpose whilst preserving the engaged, high-performing culture that underpins its success.

Gascat

Driving growth through strategic vertical integration

Gustavo Nieto CEO

How is Gascat thriving?

By internalising critical production processes, Brazilian gas equipment specialist Gascat has more than doubled its revenue from R$37.6m in 2019 to R$98.4m in 2024. In process, the company has overcome supply chain bottlenecks by establishing its own ISO 17025 calibration laboratory and implementing an automated CNC machining centre. Operating from Indaiatuba, São Paulo, Gascat now exports 15% of its production to over 40 countries, with a strategic warehouse in Taiwan serving the Asian market. These investments have strengthened its competitive position against global manufacturers, positioning the company for sustained growth in both traditional natural gas markets and emerging opportunities in biogas, biomethane and hydrogen.

The challenge - Despite its strong position in Brazil’s natural gas infrastructure sector, Gascat faced several critical operational challenges that threatened to limit its growth potential.

Specifically, two significant bottlenecks were undermining the company’s efficiency and ability to meet customer demands.

First, it was hampered by lengthy calibration processes for its gas measurement equipment. These meters, which perform fiscal measurement of gas for tariff calculation, require calibration according to ISO 17025 standards. With only three or four qualified laboratories in Brazil, Gascat had to send its meters to the Institute for Technological Research (IPT) at the University of São Paulo, resulting in delays of up to six weeks.

Second, Gascat relied heavily on thirdparty suppliers for machined components, which introduced additional complications with deadlines and quality control. The outsourcing process was administratively cumbersome – it required one to two days just to issue invoices, plus additional time to manage purchase orders and monitor service quality.

Gascat also faced intense international competition, particularly from American and European manufacturers which produce

equipment in China and India where labour costs are significantly lower. This cost advantage allowed these companies to offer more competitive pricing in international markets, resulting in lost opportunities, such as a project in Singapore where Gascat was undercut.

The solution - Gascat’s leadership implemented a comprehensive vertical integration strategy focused on bringing critical processes in-house to improve efficiency, quality and competitiveness.

The first major initiative was the development of an internal calibration laboratory. This project, which took around three years to implement, eliminated the six-week delay previously experienced when sending meters to external facilities. Initially designed to meet internal demand, the laboratory proved so successful that Gascat expanded its services to external clients to open up an additional revenue stream.

Building on this, Gascat next tackled its dependency on third-party machining. In 2023, the company established an automated CNC machining centre at its Indaiatuba facility. This move eliminated the quality variations and administrative burden associated with outsourcing, while significantly reducing production lead times. Starting with four machining machines, the company continues to expand this sector as part of its ongoing growth strategy.

The implementation process was methodical and pragmatic. Initially, Gascat leased equipment to test the concept, but later invested in higher-quality machines that reduced maintenance costs. The internalisation strategy was complemented by small but impactful modifications to production processes, all supported by a team of highly qualified engineers.

A critical factor in Gascat’s success has been its ability to maintain all manufacturing operations in Brazil despite cost pressures to offshore production. This commitment to local manufacturing has enabled tighter quality control and faster response to customer requirements, particularly for customised solutions. It has also fostered

Story type #innovation (main category)

Benefits

▸ Revenue increase of 162% in five years.

▸ Warehouse in Taiwan established to serve the Asian market.

Key findings

For young people

▸ Don’t get too caught up with titles and MBAs and don’t be afraid to get your hands “dirty”.

For industry

▸ Specialise in people management.

For government

▸ Reduce the tax burden on industries.

Gascat at a glance:

Key products and services: gaseous fluids equipment and systems.

Main industries served:

▸ Oil and gas – 80%

▸ Hydrogen, Energy storage – 20%

Headquarters: Indaiatuba, Brazil

Year established: 1995

Number of employees: 116

Revenue: £13m

Revenue from exports: 15%

a deeper technical knowledge base within the company’s engineering team, who work directly with production staff to continuously improve designs and manufacturing processes.

To expand its international reach, Gascat established a warehouse in Taiwan to serve the growing Asian market. This strategic positioning enabled the company to respond more quickly to regional demand while maintaining inventory closer to key customers. The export strategy also provided greater financial security, as international sales typically operate on an Ex-Works basis with payment received when the customer collects the product.

A combination of vertical integration, strategic international positioning and continuous innovation has delivered impressive results. Gascat’s revenue has grown consistently from R$37.6m in 2019 to R$98.4m in 2024 – a 162% increase in five years. Looking to the future, the company is well-positioned to leverage its strengthened operational capabilities as it pursues opportunities in emerging sectors such as biogas, biomethane and hydrogen.

Genesis

Evolving advisory for a changing market

Helen Coleman Managing Director

How is Genesis thriving?

In the wake of global disruption and shifting energy priorities, Genesis has emerged stronger and more agile by embracing transformation from within. A strategic internal restructure into specialised practices, combined with a shift to a global operational model, has positioned the company as a vital partner for energy players pursuing diversification and navigating uncertain markets. Its Advisory Solutions division – rooted in engineering expertise and rapid turnaround, data-driven studies – has empowered clients to make faster, smarter decisions across traditional and low-carbon portfolios. The results? A significant boost in revenue, a growing global workforce and a reputation for delivering clarity in uncertain times.

The challenge - Since the Covid-19 pandemic disrupted global markets, Genesis like many in the energy sector has faced a rapidly shifting landscape. Clients are no longer seeking conventional consultancy; they needed tailored, responsive support to navigate immediate uncertainty while also adapting to long-term pressures from netzero commitments, geopolitical shifts and the accelerating energy transition.

Recognising this, Genesis undertook a major internal reorganisation in 2022, dividing its operations into three core practices: ‘Advisory Solutions’ focused on rapid assessments and strategic guidance; ‘Development Solutions’ dedicated to Genesis’ core activities of feasibility concepts and FEEDs; ‘Asset Impact Solutions’ targeting operating efficiency, decarbonisation and impact reduction.

At the same time, the company transitioned from a regional to a global operational model, enabling cross-border collaboration and a sharper focus on upstream, downstream and sustainable energy markets.

The solution - The scale and pace of Genesis’ transformation were bold, but its agility, size and adaptive culture enabled it to thrive. As energy companies faced mounting pressure to diversify portfolios, restructure operations and rethink their strategies, Genesis stepped

forward as a trusted partner, offering clarity and direction during a period of unprecedented change.

Central to this evolution is the Advisory Solutions division, launched just three years ago and now a cornerstone of Genesis’ value proposition. Designed to bridge market gaps and respond to rapidly shifting client needs, the division combines deep engineering expertise with a consultancy mindset, delivering high-quality, actionable insights at speed. Through rapid turnaround studies, typically completed within four to 12 weeks, Genesis supports clients in evaluating strategic adjustments and refining investment strategies. This model has proven especially valuable for clients making early-stage investment decisions on new developments or existing asset optimisation projects in areas such as decarbonisation, debottlenecking and energy transition planning where timely, data-informed decisions are critical.

What sets Genesis apart is its ability to deploy integrated teams that work side by side with clients. The teams not only deliver immediate value but also help build internal capability, ensuring clients are equipped to execute their strategies long after Genesis’ engagement concludes. This collaborative approach is supported by a robust execution framework that begins with a deep understanding of client drivers and objectives. Genesis validates scopes of work, identifies opportunities for optimisation, and often proposes alternative approaches within the original tender, delivering faster, more cost-effective outcomes while strengthening long-term relationships.

Tailored support spans a wide range of strategic needs, including due diligence, independent technical reviews and restructuring support. Whether clients are entering new markets, reassessing legacy assets or navigating regulatory and ESG pressures, Genesis provides the clarity and confidence needed to move forward.

True to its name, the Advisory Solutions division has positioned Genesis as a trusted advisor to clients valued not just for its technical insight, but for its willingness to engage in honest, candid conversations especially around the complexities of the netzero transition. While this transparency has led to some clients facing harsh truths, it has equally led to many enduring partnerships and real impact.

Story type

#service & solutions (main category) #collaboration, #optimisation, #technology

Benefits

▸ Genesis has doubled revenues and expanded workforce by 20 percent in three years while maintaining sustainable profitability.

▸ Genesis continues to position itself as a trusted advisor to clients.

Key findings

For young people

▸ It’s okay to be uncomfortable with uncertainty – be curious and resilient.

For industry

▸ Be honest and pragmatic. Work together in more integrated ways and collaborate more.

For government

▸ Energy security – governments to be clear and committed.

Genesis at a glance:

Key products and services: advisory and technical consulting services.

Main industries served:

▸ Oil and gas – 55%

▸ Carbon capture – 20%

▸ Conventional power – 5%

▸ Offshore renewable energy – 5%

▸ Onshore renewable energy – 5%

▸ Hydrogen – 5%

▸ Others (non-energy): 5%

Headquarters: London, UK

Year established: 1988

Number of employees: 600

Revenue from exports: 60%

A standout example of Genesis’s success is its collaboration with the East Coast Cluster (CCUS and Hydrogen developments). Genesis has supported the partnership from the early feasibility stages through to execution. These projects highlight the firm’s capability to deliver high-profile, technically complex initiatives that play a pivotal role in advancing the UK’s decarbonisation goals.

In just three years, the results speak for themselves: Genesis has doubled its order intake and revenues while maintaining sustainable profitability; expanded its global workforce by 20 percent; and built a scalable foundation for continued growth, delivering lasting value for clients across the energy spectrum.

GHD

Shaping Scotland’s industrial future, sustainably

How is GHD thriving?

Steve Scott

Market Lead, Built Environment & Communities

One of the world’s leading professional service firms, GHD has helped to set a new standard for just transition planning in the UK.

In partnership with the Scottish Government, GHD developed the Grangemouth Industrial Cluster Transition Plan through a uniquely community-focused approach. By prioritising stakeholder engagement and data-driven analysis, it has been able to develop a strategic vision that considers not just energy transformation but also economic growth and social equity. The study helped bring together the perspectives and aspirations across government, businesses and local communities, laying the foundation for Grangemouth’s long-term industrial success and a net zero future.

The challenge – GHD is well versed in helping clients tackle a variety of complex problems. Today, those challenges regularly centre around balancing decarbonisation with economic and social equity.

In Scotland, past industrial transitions, such as the closure of steelworks, have led to economic hardship for many people. Recognising this, and with the desire to avoid similar impacts in the future, the government sought GHD’s support to ensure that local communities were able to actively participate in and benefit from the energy transition.

With its experience in mining sector transitions in Australia, and energy transition globally, GHD made working with the Scottish Government to navigate this challenge a priority by exploring how a just and inclusive energy transition could be achieved, ensuring that communities are empowered as opposed to being left behind.

The solution – This collaboration ultimately led to the co-creation of the Grangemouth Industrial Cluster Transition Plan – a strategic vision and framework for shifting from highemission industrial activities to a sustainable, net-zero future.

Here, GHD adopted a data-driven, collaborative approach from the outset,

balancing insights from businesses, government and local communities. Understanding each of these perspectives was going to be critical to developing a transition plan that was both practical and inclusive.

Instead of solely relying on existing reports and traditional economic analysis, GHD also introduced new data perspectives, analysing the economic dynamics of Grangemouth and its correlation with the wider Scottish economy. The study also involved industrial cluster mapping, assessing the relationships between nine major companies and the Grangemouth port, and identifying key dependencies and economic outputs.

Due to the project’s complexity, a variety of different hurdles were encountered.

With stakeholders often focused on their own objectives and outcomes, it was difficult to align differing interests. Therefore, GHD opted to embed its own team locally, engaging directly with the community to build trust and gather insights.

This required the company to break new ground internally, with extensive collaboration across multiple departments. Its industrial cluster analysts were tasked with working cluster companies to understand infrastructure and economic dependencies, while its D-Lab specialists were tasked with considering the human and social impacts. An integrated team then worked on aligning these different perspectives to ensure that the final solution was holistic in its recommendations.

Just weeks before GHD was set to report its findings, it was announced that a major refinery in the area was planned for closure – a spanner in the works, but one that reinforced the real need for long-term industrial transition strategies and proactive planning. Fortunately, the just transition vision was robust enough to navigate this announcement and for the plan and vision to move forward.

This was the first just transition plan for an industrial cluster in the UK, underpinned by a comprehensive 160-page baseline evidence report alongside a concise vision framework. As part of this, a clear commitment from stakeholders that Grangemouth would remain an industrial hub into the future was secured, which is being taken forward by the Grangemouth Industrial Futures Board (GIFB) – a multi-stakeholder group tasked with overseeing the region’s transition.

Story type

#energy transition (main category)

#collaboration, #culture, #innovation

Benefits

▸ Publication of the first just transition plan for an industrial cluster in the UK.

▸ The report brought new perspectives and received recognition from stakeholders.

Key findings

For young people

▸ Opportunities can present themselves unexpectedly, be open minded and embrace them.

For industry

▸ We are on the cusp of a new generation and a new way of thinking. I’d encourage everyone to embrace that change and be part of the just transition.

For government

▸ Give us the stability and the leadership to allow for growth to happen. Commit and stick with decisions.

GHD at a glance:

Key products and services: engineering, architecture, environmental and construction services.

Main industries served:

▸ Oil and gas

▸ Conventional power

▸ Nuclear power

▸ Onshore renewable energy

▸ Offshore renewable energy

▸ Hydrogen

▸ Carbon capture

▸ Energy Storage

Headquarters: Sydney, Australia

Year established: 1928

Number of employees: 12,000

Revenue: £1,4bn

The value of fresh perspectives in this report was clear. The team were not constrained by perceived understanding about the area and how it functioned. GHD’s position as an independent party enabled new insights to be uncovered, and long-held assumptions challenged in a logical manner, and fresh thinking to be brought into the process.

Owing to these efforts, the Scottish Government’s consultation paper (published November 2024) was fundamentally underpinned by GHD’s findings, highlighting the merits of its approach. In taking a practical, community-focused approach, GHD has not only helped shape the future of Grangemouth. Critically, it has set an example for how just transition planning can be achieved in key communities across the UK moving forward.

Glacier Energy

Bringing cutting-edge hydrogen storage and transport solutions to the UK

Tracie Watson

Business Development Director

How is Glacier Energy thriving?

Glacier Energy is set to transform the UK hydrogen energy market with its proprietary composite vessel and MEGC trailer solution for hydrogen storage and transportation. With government backing, industry partnerships and expanded facilities, Glacier Energy aims to bring an advanced solution to market in 2026.

The challenge – Glacier Energy has become a disruptive player in the energy and industrials markets. With over 120 years of heritage, its design and manufacturing division develops high-quality, innovative solutions for the energy, renewable, and industrial sectors.

Specialising in heat exchangers, pressure vessels, structural fabrication and hydrogen proprietary products, the business is continually evolving its offering to meet customer requirements. Critically, its commitment to decarbonisation means that many of its tailored solutions are designed to accelerate the energy transition while maintaining the highest standards of quality and performance.

However, that hasn’t always been the case.

Throughout its 120-year heritage, the business has largely focused on serving the oil and gas market. When the UK government introduced its Ten Point Plan for a Green Industrial Revolution in November 2020 followed by the UK Hydrogen Strategy, the business saw an opportunity to diversify and fill a gap in UK manufacturing for emerging energy markets.

The solution – This transformation occurred during the pandemic in 2020/21, with Glacier Energy having taken time to put together a renewed strategy.

The initial goal was centred around repositioning into renewable energy markets. As an organisation with signifi cant experience in building heat exchangers, pressure vessels and structural fabrication, Glacier Energy naturally had products that were relevant to these markets.

The business recognised that cost within the markets could be prohibitive, therefore manufacturing standard products rather than bespoke solutions would be key. Furthermore, the business encountered concerns around supply chain securities that would be necessary to maximise opportunities and build a reliable business within these markets.

In addressing these challenges, the team designed their own standard product range focusing on storing and moving hydrogen. At the core of this range is Glacier Energy’s proprietary MEGC trailer containing composite vessels for hydrogen storage and transportation.

Known as Hy-Vision ® the solution is a multimillion pound R&D investment that will be brought to market in 2026. This is supported by Francis Brown in 2024, which has added a large-scale Teesside facility. Glacier Energy is working with strategic partners to develop composite wrap capabilities to build highstrength lightweight vessels.

Glacier Energy’s expertise has also evolved by employing dedicated hydrogen engineers and anticipates making additional appointments to support the project.

Funding has been key, having successfully secured support from the Scottish government’s green hydrogen fund alongside other key investors.

Story type

#diversification (main category)

#collaboration, #innovation

Benefits

▸ Hy-Vision to reach the market in the coming years.

▸ Six letters of support from key industry players for Glacier Energy’s hydrogen solution received so far.

Key findings

For young people

▸ Enjoy the journey, its fast-paced. You’ll get lots of experience and exposure – embrace it!

For industry

▸ Work with the supply chain to properly transition. Be open in your plans and engage with the industry early.

For government

▸ Delays don’t help growth: make decisions quicker and stand by them.

Glacier Energy at a glance:

Key products and services: design and manufacture of heat exchangers, pressure vessels, structural fabrication and hydrogen proprietary products, inspection services, repair and maintenance.

Main industries served:

▸ Oil and gas

▸ Conventional power

▸ Nuclear power

▸ Offshore renewable energy

▸ Onshore renewable energy

▸ Hydrogen

▸ Carbon Capture

▸ Energy Storage

▸ Others (energy)

▸ Others (non-energy)

Headquarters: Aberdeen, UK

Year established: 2011

Number of employees: 300

Revenue: £50m

Revenue from exports: 25%

With Hy-Vision® anticipated to reach the market in Q2 2026, the demand is undoubtedly there – Glacier Energy has received six letters of support from major industry players.

With strong partnerships, state-of-the-art facilities, and a growing hydrogen-focused workforce, Glacier Energy is well-positioned to deliver industry-changing solutions to the UK hydrogen market that could be a gamechanger for local industry.

Greene Tweed

Greg Gedney Business Development Manager, Industrial Operations

How is Greene Tweed thriving?

Greene Tweed is redefining industry standards with its innovative PEEK-based composite labyrinth seals for compressors, achieving 72% year-on-year growth and the highest revenue in six years for this product line. Established in 1863 and now employing 1,900 people globally, the company has evolved from primarily serving aftermarket needs to becoming a strategic partner for original equipment specifications, with its thermoplastic solutions now being adopted by nearly all major global compressor manufacturers. This transformation is driving sustainable growth, as evidenced by a major Japanese compressor OEM ordering 20 thermoplastic labyrinth seals for a hydrogen liquefaction pilot process – this is positioning Greene Tweed firmly in the emerging energy transition market.

The challenge - Greene Tweed, a leading global manufacturer of high-performance thermoplastics, composites, seals and engineered components, has been serving industries where failure is not an option for over 160 years. With facilities across the United States, Europe and Asia, the company has built its reputation on delivering solutions for the most demanding applications.

In the compressor industry, traditional metallic labyrinth seals presented significant challenges. Aluminium seals suffered from rapid corrosion when exposed to certain gases, reducing their lifespan from the expected 5-10 years to just 1-2 years, while stainless steel alternatives caused damage to rotors, leading to longer and more expensive repairs.

The primary challenge was not simply developing an alternative solution but convincing a deeply traditional industry to embrace change. Operating in risk-averse sectors like hydrocarbon and chemical processing, Greene Tweed faced significant resistance when introducing thermoplastic composite materials as an alternative to metals. Changing the status quo required extensive data, material characteristic information, and performance validation to build trust and confidence among conservative OEMs and end-users.

The solution - In the 1990s, Greene Tweed identified thermoplastic composite materials as potential game-changers for compressor

seals. The company developed PEEK-based labyrinth seals designed to flex under contact, preventing damage to rotors or seal teeth while maintaining clearance dimensions during normal operations. This allowed Greene Tweed to significantly reduce clearances, improving efficiency and reducing gas leakage.

Implementation began at the company’s innovation centre in Houston, Texas, where technical experts engineered seals tailored to precise customer requirements. Once the design and initial production phases were complete, manufacturing transitioned to the UK to enhance scalability while maintaining close customer connections. This duallocation approach balanced quality, efficiency and customer focus.

The journey to market acceptance was methodical and deliberate. Greene Tweed presented its expertise at the International Rotating Equipment Conference in 2012 and 2016, converting these insights into compelling case studies. By actively engaging with industry-based committees and organisations such as the American Petroleum Institute, which sets equipment standards, the company built credibility across the entire industry – from manufacturers to end users.

A partnership with Everllence, formerly MAN Energy Solutions, exemplifies the impact of Greene Tweed’s innovation. Everllence wanted to minimise leakage in its integrally geared compressors and worked with Greene Tweed to implement Arlon® 4020 labyrinth seals. The results were striking – efficiency improved by approximately 1-1.5%, validated through rigorous testing in Berlin and field trials with end-users in the air separation industry. For a typical new booster air compressor with four impellers and 3-MW average power per stage, these efficiency gains translate to lifecycle cost savings of around US$300,000.

The advantages of the PEEK-based seals extend beyond efficiency. Unlike traditional metal seals, Arlon® 4020 offers superior corrosion resistance, thermal expansion flexibility and dimensional stability. The seals withstand extreme conditions such as exposure to hydrogen sulfide (H2S), mercury or highvelocity media to ensure long-term reliability. Meanwhile, their interchangeable design ensures compatibility with older machines, providing versatility across applications.

What began as a solution primarily valued for corrosion resistance has evolved as customers recognise the substantial efficiency benefits. Adoption has spread from the air separation

Story

type

#resilience (main category)

#optimisation

Benefits

▸ Credibility built across the industry.

▸ New solution enabling lifecycle cost savings of around US$300,000.

Key findings

For young people

▸ Fully embrace industry culture and push it beyond with fresh ideas.

For industry

▸ Go beyond transactional benefits when establishing partnerships.

For government

▸ Prioritise long-term environmental sustainability as a key development initiative.

Greene Tweed a glance:

Key products and services: leading global manufacturer of high-performance thermoplastics, composites, seals, and engineered components.

Main industries served:

▸ Oil and gas – 19%

▸ Conventional power – 8%

▸ Carbon capture – 1%

▸ Hydrogen – 1%

▸ Nuclear power – 1%

▸ Others (non-energy): life sciences, aerospace, industrial, semiconductors – 73%

Headquarters: Lansdale, US

Year established: 1863

Number of employees: 1,900

Revenue from exports: 50%

industry to sectors including hydrocarbon processing, chemical processing and power generation. Most significantly, Greene Tweed has transitioned from focusing on aftermarket upgrades for customers facing compressor failures to having its materials specified upfront for new equipment by major customers.

This shift from one-off projects to repeatable, scalable business opportunities has placed the company on a strong growth trajectory. Success at one site spreads to others, creating a best-practice approach that drives sustainable expansion. The latest frontier is the energy transition market, particularly hydrogen applications, where Greene Tweed’s thermoplastic labyrinth seals are proving invaluable for their durability, efficiency and reliability in demanding environments.

Through persistent innovation, customer education and proven performance, Greene is transforming an industry’s approach to critical components by setting new standards for efficiency, reliability and sustainability in compressor operation.

Transforming compressor performance with PEEK-based labyrinth seals

GoNetZero™

Scaling net zero: How GoNetZero™ bridges carbon complexity with credible, integrated solutions

Soon Sze Meng CEO

How is GoNetZero™ thriving?

Launched in 2022 at COP27, GoNetZero™ has rapidly emerged as a trusted decarbonisation partner for businesses navigating the transition to net zero. With a clear purpose – to empower businesses to drive decarbonisation – and a vision to be the trusted partner in the global transition, GoNetZero™ is helping organisations turn intent into impact.

Tripling revenues in 2024, the Singapore-based company now serves 80-plus clients across 14 countries. Its integrated platform combines emissions measurement, environmental attribute management, and renewable asset optimisation platform in a single, seamless experience – addressing the fragmentation that has long plagued corporate climate action. Since inception, GoNetZero™ has expanded its team from 15 to over 60 employees, scaling with discipline and clarity of mission.

The challenge - When GoNetZero™ launched in November 2022 during COP27, the decarbonisation landscape was characterised by fragmentation and complexity. Whilst climate awareness was rising globally, businesses faced significant barriers to meaningful action. The market was saturated with point solutions, i.e. separate tools for measuring emissions, procuring certificates and tracking renewable performance. This created inefficiencies and confusion for organisations under mounting pressure to deliver on net-zero commitments. Companies struggled with limited access to renewable energy, market fragmentation and regulatory complexity, often creating an ‘ambition-action gap’ where good intentions failed to translate into measurable progress. Many organisations lacked the integrated tools, reliable data and trusted partners necessary to navigate their decarbonisation journey effectively, leaving them uncertain about where to start and how to scale their efforts.

The solution - GoNetZero™ has addressed this market complexity by developing an integrated digital platform that simplifies decarbonisation across three major areas: Measure, Manage, and Perform. Rather than forcing clients to navigate multiple vendors and platforms, the company created a unified solution that addresses

different stages of the net-zero journey.

Measure enables organisations to assess their carbon footprint across complex operations, using AI-powered document intelligence to automatically extract emissions data from various unstructured formats like utility bills and invoices. This automation reduces manual effort by 30% whilst increasing accuracy in emissions reporting, thus giving clients a faster, more reliable foundation for action. Through Manage, GoNetZero™ provides seamless access to verified environmental attributes (EAs), including Energy Attribute Certificates and carbon credits sourced through parent company Sembcorp Industries. The platform handles all sourcing, tracking and retirement processes to ensure transparency and credibility whilst addressing emissions that companies cannot yet reduce through internal measures.

Perform optimises renewable asset management using AI-assisted benchmarking to compare performance across sites, identify inefficiencies and recommend interventions. For clients such as Hasilwan, this has delivered tangible results – manual processing time has been reduced by 30% while operations and maintenance response times have also been enhanced.

GoNetZero™’s strategic approach extends beyond technology. The company leverages partnerships with trusted players such as Xpansiv, Bureau Veritas and Singtel to accelerate growth and strengthen credibility. Backed by Sembcorp Industries’ deep energy expertise and institutional credibility, it has been able to move with both speed and strategic intent.

Also central to GoNetZero™’s success has been its ability to turn data into actionable insights. The platform does not simply collect information – it transforms it into personalised decarbonisation pathways and continuously optimises performance. This approach recognises that every organisation’s journey is unique, and therefore demands tailored solutions rather than one-size-fitsall approaches. By building interoperability across multiple standards, registries and assurance frameworks, GoNetZero™ has eliminated the friction that typically slows decarbonisation efforts with a seamless user experience that enables rapid scaling. The platform’s evolution reflects the firm’s commitment to staying ahead of market needs. As sustainability professionals face increasing

Story type

#transformation (main category) #digital & AI, #service & solutions

Benefits

▸ GoNetZero™ is growing quickly with 30 new platforms clients onboarded in 2024.

▸ The company has helped compensate five million tonnes of residual emissions and drove adoption of 1.6 million MWh of renewable energy.

Key findings

For young people

▸ Be curious and courageous. Climate work is complex and cross-disciplinary – embrace the learning curve.

For industry

▸ Don’t wait for perfect data to take meaningful action on climate. The biggest barrier to progress isn’t technology, it’s hesitation.

GoNetZero™ at a glance:

Key products and services: Environmental attributes (EAs) such as Energy Attribute Certificates and carbon credits, and digital solutions that help clients measure emissions, manage EAs, and optimise their renewable assets across multiple sites on a single dashboard.

Main industries served:

▸ Others (non-energy): decarbonisation solution provider – 100%

Headquarters: Singapore

Year established: 2022

Number of employees: 62

Revenue: £30.5m

scrutiny from investors and stakeholders, GoNetZero™ continues investing in AI capabilities that enhance forecasting accuracy and enable proactive decision-making.

This rapid market penetration demonstrates the urgent need for integrated solutions in the fragmented sustainability space. GoNetZero™’s scalable model has enabled it to serve diverse clients across sectors and geographies whilst maintaining consistent quality and reliability – a crucial factor as businesses increasingly requires trusted partners for their climate commitments.

In 2024, GoNetZero™ helped compensate five million tonnes of residual emissions through verified carbon credits (a two-fold increase from 2023) and drove adoption of 1.6 million MWh of renewable energy through Energy Attribute Certificates. With 30 new platform clients onboarded last year, the company continues to scale its impact while maintaining its commitment to turning complexity into clarity for businesses committed to meaningful climate action.

Halton

Driving growth through a successful energy transition strategy

Shuresh Maran Global Sales Director

How is Halton thriving?

Halton MEI has executed an incredibly successful move into energy transition markets in the past half decade, with more than a third of its business now coming from new ventures. With an expanded headcount, new site in the US and upgrade in Finland, personnel development, enhanced technical capabilities and improved sustainability credentials, the firm has made incredible progress on several fronts.

The challenge - Founded in 1969, Halton Group is a family-owned global leader in indoor air solutions for demanding spaces. Under Halton sits Halton MEI (marine, energy & infrastructure), specialising in HVAC solutions for cruise and navy ships, offshore energy, and heavy industries including nuclear, midstream and downstream.

That mix of customers has evolved in recent times. Historically, Halton MEI’s business was rooted in the marine and oil and gas sectors –the former having previously accounted for roughly two thirds of revenue, with the latter making up the remainder. However, as the global energy priorities have shifted toward sustainability and decarbonisation, Halton MEI saw an opportunity to adapt, together with customers and partners.

The turning point came in 2019, with a clear move toward greener energy solutions. That shift accelerated in the last three years, with Scope 1 & 2 sustainability objectives climbing higher on global agendas and the drive toward carbon-neutral operations intensifying.

By balancing its long-standing expertise in traditional sectors with the need for HVAC innovations in emerging sectors including nuclear, offshore wind carbon capture, battery manufacture, green steel and hydrogen, Halton MEI saw that it could secure new energy transition clients while continually satisfying demand from its existing customers.

The solution - To capitalise, Halton MEI recognised it needed to get closer to customers, solving their sustainability challenges while working on its own transition.

It expanded regional manufacturing capabilities, refurbishing its Finnish facility to carbon-neutral status in 2019, and opening a new site in South Carolina in August 2024 — marking a major expansion in the US, where it previously only had a sales presence.

Halton MEI identified several green transition opportunities, with investments in energy transition and heavy industries proving instrumental. Its 2021 acquisition of UK firm Flamgard Calidair typifies this, with a new centre of excellence providing nuclear dampers to Hinkley Point C and potentially Sizewell C. Internally, the “Green Transition Growth” initiative enabled collaboration with customers on rapid engineering input and prototyping for energy transition projects.

The nuclear market – and Hinkley Point C in particular – has proven extremely lucrative for Halton MEI. Not only was the power plant a very technically challenging project that made for a good fit with the firm’s values, but the work it has delivered has provided significant benefits to the client. Critically, Halton MEI has helped with the reallocation of production schedules, provided local supplier contacts, and introduced a welding school to help drive local talent.

Working closely with Equans and EDF, the project has been a major success. However, Halton MEI’s move into renewables hasn’t been without challenges.

While oil and gas clients are confident of their needs, newer markets show greater uncertainty. Launching its welding school reflects the difficulty finding talent with the right skills.

Even so, Halton’s ethos – tackling first-time projects and solving client problems – has driven success, supported by ownership encouraging a long-term view beyond shortterm returns.

The heavy industry business has grown fourfold during the Hinkley Point C project, with Halton moving to a larger flagship site as headcount increased. The firm also hired a Chief Sustainability Officer, committed to

Story type

#energy transition (main category)

#scale up, #transformation

Benefits

▸ Successful diversification strategy.

▸ Record year in turnover and profitability.

Key findings

For young people

▸ Look at nuclear and at new markets. The world is changing fast, even what you study now might not be going what you are doing in 5 years, so be agile.

For industry

▸ Have a global view, be in multiindustries and multi-regions.

For government

▸ Policies to help make the country to most inviting for the best talent and the most dynamic companies in the world.

Halton at a glance:

Key products and services: global technology leader in indoor air solutions for demanding spaces.

Main industries served:

▸ Nuclear power – 20%

▸ Oil and gas – 12.5%

▸ Offshore renewable energy – 12.5%

▸ Conventional power – 2%

▸ Carbon capture – 1%

▸ Energy storage – 1%

▸ Others (energy) – 1%

▸ Others (non-energy: cruise/navy) – 50%

Headquarters: Helsinki, Finland

Year established: 1969

Number of employees: 1900

Revenue: £260m

Revenue from exports: 90%

science-based SDTI targets, and published a sustainability report – exceptional for a privately-owned enterprise.

2024 also marked a record year for turnover and profitability, with its business having been diversified. Having previously been reliant on marine and oil and gas contracts, the firm now derives revenues from nuclear (20%) and offshore wind (12.5%) as well as oil and gas 12.5%) and marine (50%). Further it is also now working on projects in conventional power, carbon capture and energy storage.

With a global outlook and a local focus on client challenges, the firm continues to go from strength to strength.

HARTING Technology Group

Providing a key breakthrough in EV truck to trailer connectivity

Story type

#technology (main category)

#energy transition

Benefits

▸ HARTING’s new solution has secured between €60 million and €80 million in revenue.

▸ The bespoke solution is expected of having TTC enter serial production in 2026.

Bjorn Fagerstrom

Director Innovation (Sweden)

How is HARTING Technology Group thriving?

Over the last 80 years, The HARTING Technology Group has established itself as a leading global supplier of industrial connection technology. Headquartered in Stockholm, the firm has become renowned for its robust and reliable solutions used to transmit data and power across various industrial sectors, from electromobility and renewable energy production to automation and mechanical engineering.

The company is recognised for setting global standards in the field of industrial connectivity, with its latest Truck to Trailer Connector (TTC) innovation being a prime example. Engineered in response to a specific client challenge, it is now quickly becoming a breakthrough power and communications connection solution with massive potential for electric trucks and trailers.

The challenge - It is easy to see why HARTING remains at the forefront of industrial innovation. With more than 6,000 employees operating across 42 sales companies, 14 production facilities, and seven R&D sites globally, the firm generates approximately €1 billion in annual revenue, with its connectivity solutions having become essential for transmitting both data and power in numerous applications.

In recent times, much of the firm’s focus has centred around solutions that can support key industrial players with electrification and the transition to net-zero, with the goal of meeting growing demand for energyefficient industrial systems.

Here, a major challenge arose in June 2022 when a key client approached HARTING with a new requirement – it sought to move away from traditional diesel-powered systems, yet needed a new solution for electric truck-totrailer connections that could safely handle significantly more power to do so.

To that point, the firm had been using an existing off-the-shelf solution that had been suitable for low-power transmission.

Henrik Jensen Managing Director (Nordics)

However, this would not be adequate for higher power demands.

The client had several ideas for what it wanted. However, it was limited by the existing connector footprint, which could not accommodate the required increase in power.

The challenge required a completely new, custom-built technology. Indeed, the solution would need to meet stringent safety standards, while weight and ease of handling were additional considerations which had to be carefully balanced in the design.

The solution - HARTING leveraged its internal Innovation Hub to address the problem.

In June 2023, the team presented the first proposals for what would become HARTING’s new, innovative Truck to Trailer Connector (TTC) solution. At that time, no comparable product was available on the market.

Key findings

For young people

▸ Believe in change – most companies are reluctant to change – most still underestimate the degree of change needed over the next 5 years.

For industry

▸ If you don’t disrupt your own company, somebody will do it for you.

For government

facilities, company,

The team worked closely with the client in order to understand their specific requirements, with HARTING’s existing patent for a safety functionality solution proving invaluable during the design process. Additionally, cable shielding was developed in collaboration with the client to meet performance standards.

Further design refinements continued throughout 2023 and into 2024 following these first proposals. However, by June 2024, a working prototype had been developed. After several months of testing, the final design was approved in November 2024, with TTC then being launched to market in April 2025.

This solution has already delivered significant commercial value for HARTING. While the company has secured between €60 million and €80 million in revenue from the launch client alone, it is now also gearing up to meet strong interest and demand from other key industrial prospects, with its new patented solution addressing a clear gap in the market.

Specifically, the company is now working to position its customer-driven, power and communications connection solution for

▸ Be open and honest about global realities—act on the information available, take small steps forward, and stop waiting for perfect conditions, or risk falling behind in an uncertain world.

HARTING Technology Group at a glance:

Key products and services: plugging connectivity provider.

Main industries served:

▸ Energy storage – 12%

▸ Conventional power – 10%

▸ Offshore renewable energy – 8%

▸ Onshore renewable energy – 6%

▸ Hydrogen – 5%

▸ Carbon capture – 2%

▸ Others (non-energy) – 57%

Headquarters: Esberg, Germany

Year established: 1945

Number of employees: 6,400

Revenue: £850m

Revenue from exports: 75%

electric trucks and trailers as an industry standard product, with the goal of having TTC enter serial production in 2026.

It is with innovations like these that HARTING continues to thrive. Through its Innovation Hub and close collaboration with customers, HARTING has turned a complex electrification challenge into a breakthrough product, further solidifying its position as a leader in industrial connectivity.

Hausthene

Transformation into full-service provider drives offshore market success

Paulo Tezza CEO

How is Hausthene thriving?

Hausthene Poliuretanos, a 100% Brazilian company established in 1982, is morphing from a traditional manufacturer into a fullservice engineering powerhouse. The company achieved remarkable 29% growth in 2024, reaching R$20m in annual revenue. Meanwhile, a strategic investment in building an internal engineering department enabled it to achieve Brazil’s first API 17L certification for polymeric bend restrictors. Integration of 3D printing technology has revolutionised development time, reducing mould production from 40-50 days to just one week. With aggressive growth projections of 40% for 2025, Hausthene is leveraging its newfound capabilities to pursue expansion into international markets.

The challenge - Based in Mauá, São Paulo, Hausthene Polyurethanes faced a critical challenge as the offshore oil and gas market evolved beyond its traditional manufacturing capabilities. The company had always produced high-quality polyurethane parts for various industries, including oil and gas, but operated primarily as a manufacturer working from client-provided designs. This limited its ability to compete for higher-value projects and restricted their growth potential.

The main challenge was that clients in the oil and gas sector were no longer providing complete project specifications. Instead, they were demanding suppliers to provide complete engineering solutions from concept to delivery. International competitors already operated under this model, creating significant competitive pressure. The market required not just manufacturing capabilities, but also analytical calculations, internal engineering expertise and the ability to develop proprietary solutions.

Additionally, the company’s development timeline was a major impediment to competitiveness. Traditional mould production took 40-50 days, making rapid prototyping and client testing impossible. This lengthy process prevented Hausthene from meeting the agility demands of the oil and gas sector and other markets, where quick turnaround times are essential for securing contracts. The company also struggled with a fragmented client portfolio of approximately 400 accounts, which

Thais Tezza Partner and Director

made demand management and strategic planning difficult.

The solution - Hausthene made its move in 2024 by creating a five-year plan that anticipated growth in the oil sector and recognised the need for engineering capabilities. The company initiated a comprehensive HR restructuring programme, moving beyond traditional manufacturing roles to establish an engineeringfocused structure.

Rather than hiring established professionals from competitors, Hausthene chose to develop its own talent pipeline. This began with the recruitment of engineering interns and trainees, who were supplemented by external consultancy from market specialists and academics. Three engineering students are currently being trained internally, while the company collaborates with regional universities, partner engineering companies and experienced professors to strengthen its technical capabilities.

A crucial technological breakthrough came with the adoption of 3D printing, which dramatically optimised development processes. What previously took 40-50 days now takes around a week, allowing for rapid prototyping and direct client testing. This enhancement freed up the technical team to focus on multiple projects simultaneously, and, in some cases, has enabled them to deliver up to four moulds in the time it previously took to produce one.

Perhaps the most significant achievement was obtaining Brazil’s first API 17L certification for polymeric bend restrictors in 2023-2024. This certification required two years of intensive work, including hiring specialised personnel and developing sophisticated analytical capabilities. Ongoing investment in engineering processes has transformed how Hausthene approaches the market. It now provides complete design solutions rather than simply manufacturing from supplied drawings – this capability has attracted major clients such as NOV, Prysmian and STROHM, and particularly companies in the flexible segment who require comprehensive technical deliveries. The transformation has yielded impressive outcomes dates. Between the first quarter of 2024 and the same period in 2025, the

Story type

#transformation (main category) #people & competency

Benefits

▸ Hausthene is now better positioned to compete globally.

▸ Revenue increase of 60% in the past year.

Key findings

For young people

▸ Learn along the journey to find the right opportunities.

For industry

▸ Plan for the future.

For government

▸ Support medium-side business. They have strong potential for job generation.

Hausthene at a glance:

Key products and services: polyurethane parts.

Main industries served:

▸ Oil and gas – 50%

▸ Others (non-energy): mining, steel, packaging, glass, fiber – 50%

Headquarters: Mauá, Brazil

Year established: 1982

Number of employees: 40

Revenue: £2.6m

Revenue from exports: 1%

company achieved 16% growth. Revenue increased from R$12.5m in 2023 to R$20m in 2024, representing a 60% increase year-onyear. Meanwhile, the company has successfully shifted from a fragmented portfolio of 400 accounts to focusing on approximately 70 clients in various industries, which has helped to improve both profitability and strategic focus.

Currently, Hausthene, which already exports to Latin American countries is pursuing aggressive international expansion by targeting export opportunities in North America, Europe and the Middle East. It recently completed a first pilot project for the US market and is currently working on budgets for the Netherlands. Alongside this, the company is developing AI-enabled solutions such as a polyurethane agent, and exploring distribution partnerships to complement its engineering capabilities.

This transformation from a traditional manufacturer to an engineering-driven company has positioned Hausthene to better compete globally. Its success demonstrates how strategic investment in engineering capabilities, combined with technological innovation and talent development, can enable a Brazilian company to challenge established international competitors in the high-value offshore energy market.

HCS

From single-site specialist to global solutions provider

Gary Morrow Commercial Director

How is HCS thriving?

After diversifying from a single manufacturing facility into a multi-location solutions provider, HCS has successfully transformed its business model and strengthened its market position. The company has expanded from its Glenrothes headquarters to establish profitable operations in Aberdeen, Perth and Great Yarmouth, achieving 50% export revenues and achieving £26.4m of turnover in 2024. Services now account for over 50% of group revenues, a feat which underlines the success of its evolution from a manufacturer to a multifaceted business.

The challenge - Following the challenging 2014 oil and gas downturn, HCS recognised the limitations of operating as a single-site manufacturing business focused predominantly on one sector. The company faced the fundamental challenge of how to achieve sustainable growth whilst reducing market vulnerability. CEO Kenny Balfour, one of the original founders, identified the need to expand beyond traditional oil and gas manufacturing to build resilience for long-term success. Specifically, the business needed to develop new revenue streams, broaden its service capabilities, and establish a geographic presence that could better serve existing customers whilst attracting new markets and sectors.

The solution - HCS embarked on a diversification strategy that fundamentally reshaped the business across many aspects. The transformation began in 2018 with the establishment of HCS Aberdeen, which represented a major investment that introduced an entirely new set of service capabilities to the group.

Indeed, Aberdeen became the foundation for intervention and workover control system (IWOCS) rental equipment and services, complete with specialist technician and engineering support. Led by HCS Aberdeen Managing Director Mark Anderson, this expansion into full-scope supply services included decommissioning capabilities, maintenance and overhaul of subsea equipment such as Christmas trees, and system integration testing services. The Aberdeen operation essentially created a one-stop shop for North Sea operators, fundamentally different from the traditional HCS business streams.

The strategic expansion continued in 2021 with the establishment of HCS Perth in Australia. This move represented the company’s first major step towards internationalisation, establishing a base that could deliver the full range of HCS products and services to the Asia Pacific region. The Perth operation serves existing customers who had global operations while also positioning HCS to capture new opportunities in the region.

In 2024, HCS opened its Great Yarmouth office to provide enhanced regional support for southern North Sea customers. This location focuses primarily on the services side of the business and adds skilled resources to the overall UK service capability, demonstrating the company’s commitment to customer proximity and support.

Elsewhere, the diversification strategy has extended beyond geographic expansion to encompass new market sectors. HCS has invested in dedicated resources focused on energy transition opportunities, particularly hydrogen applications, where the company’s technical expertise transfers effectively. The business has also expanded into defence and pharmaceutical sectors, leveraging its engineering and service capabilities to serve new markets.

Meanwhile, an evolution of the HCS value proposition has complemented geographic and sector expansion. For instance, HCS Glenrothes has developed additional production-focused services, which has helped it move beyond traditional business streams to provide ongoing operational support for offshore operators. This approach, along with an increased focus on complex production control systems has proven valuable, generating over £2m in new orders within six months for export markets.

Crucially, HCS’s approach to diversification has been centred around collaboration and customer partnership. The company is now positioned as a solutions provider, working closely with customers to understand their specific requirements and adapting its capabilities accordingly. This approach has enabled the business to build strong relationships across all its new locations and service areas.

Key to the strategy’s success was HCS’s ability to maintain its core culture whilst scaling operations. The company’s flexibility and responsiveness remained central to operations across all locations, with new team members being integrated into its culture to ensure consistent service delivery regardless of location.

Story type

#diversification (main category) #collaboration, #people & competency, #service & solutions

Benefits

▸ Revenue increase from £14m in 2021 to £26.4m in 2024, as well as profitability in all office locations.

• Exports revenue now represents 50% of the business.

Key findings

For young people

▸ Focus on learning and developing your skills, think long term about where you want your career to go as early as you can.

For industry

▸ Work a lot more collaboratively to try and address the energy transition head on and to secure the energy future of the UK.

For government

▸ Realign the EPL tax model that allows and encourages investment, and back new domestic oil and gas licenses. We need both oil and gas and renewables as part of the energy transition.

HCS at a glance:

Key products and services: solutions provider.

Main industries served:

▸ Oil and gas – 95%

▸ Hydrogen – 2%

▸ Others (non-energy): defence – 3%

Headquarters: Glenrothes, UK

Year established: 1997

Number of employees: 127

Revenue: £26m

Revenue from exports: 50%

So far, the decision to diversify is paying dividends. HCS has grown its workforce significantly, with the Aberdeen operation expanding from an initial team of three people to approximately 50 employees and accounting for nearly half of group turnover. Export revenues now represent 50% of total business, with operations spanning multiple continents including staff working in Brazil, the US, Norway, Trinidad and Tobago, Equatorial Guinea, Nigeria and Turkey.

Revenue growth has been substantial, increasing from £14m in 2021 to £26.4m in 2024, with EBITDA rising from £1.1m to £5.1m over the same period. All office locations have achieved profitability, thereby validating the diversification strategy and building resilience for the long term.

Hempel Malaysia

Engineering innovative solutions for lasting impact

David Hunter Segment Development Manager

How is Hempel Malaysia thriving?

Hempel Malaysia, through the development and deployment of its proprietary Hempatherm IC system in collaboration with PETRONAS, has demonstrated its ongoing ability to enhance asset integrity, reduce maintenance costs, and support the sustainability goals of its clients in the oil and gas sector.

The challenge - Established in 2003, Hempel Malaysia is a key subsidiary of the over 100-yearold global coatings supplier Hempel A/S. Specialising in protective and decorative solutions for various industries, the firm has decades of experience in developing solutions for the oil and gas, marine and infrastructure industries.

One of its latest innovations stemmed from innovative thinking to address Corrosion Under Insulation (CUI), as well as the oftenoverlooked problem of loss of insulation thermal performance due to that same water ingress.

The cost of combating CUI is significant because it often requires a “remove, inspect, replace” strategy of the mechanical insulation, to confirm mechanical integrity. Managing the amount of insulated surface area can result in a considerable OPEX cost, as well as a very real volume of waste contributed to the local landfill.

Traditional mechanical insulation systems often suffer from water ingress, primarily through seams in adjoin sections of insulation. Corrosion only needs 4 elements to occur, and 3 of those elements are the metal the moment it is formed or cast. The only additional element is water. This water infiltration leads to CUI – a common problem that’s encountered in industrial maintenance. For one of Hempel Malaysia’s clients, PETRONAS, CUI was leading to increased maintenance costs and operational disruptions, with studies showing that the petrochemical industry allocates approximately 10% of its total maintenance and repair budget to address insulation-related corrosion in piping systems and pressure vessels.

The solution - To help PETRONAS and the wider industry in overcoming this challenge, Hempel recognised the opportunity to innovate and find a solution that would combat CUI. And it did, leading to the development of its novel Hempatherm IC thermal insulation coating system.

Premjit Singh Business Development Manager, Energy (Oil & Gas)

This solution has been specifically designed to replace conventional mechanical insulation in the temperature range where CUI is most prevalent, providing both thermal insulation and CUI mitigation to extend the service life of industrial equipment. Critically, the Hempatherm IC system utilises aerogel technology within a special acrylic resin blend, curing to form a seamless, a hydrophobic layer that resists water ingress and retention. This feature is crucial in preventing CUI. The side benefit is since the coating is bonded directly to the steel, and the hydrophobic nature resists absorbing and retaining water, the Hempatherm system maintains consistent thermal insulation performance over time.

The system’s design aligns with the operational needs of companies like PETRONA, with Hempel’s technical service team having worked closely with its client to support application trials, ensuring correct procedures and optimal performance. Training and on-site assistance reduced application challenges, improving constuctablity and reducing labor during implementation. Further, Hempel’s commitment to low-VOC, durable coatings made it an attractive partner for PETRONAS’s asset integrity strategy.

By offering a seamless, high film build coating capable of withstanding temperatures up to 177°C, the Hempatherm IC system provides a robust solution for energy conservation and CUI prevention in the petrochemical industry. Indeed, the solution meets key industry NACE, ISO and ASTM standards for corrosion protection, with this alignment having made approvals for trial deployment smoother in alignment with PETRONAS’s safety and performance criteria.

Those trials began in November 2023, when the first Hempatherm IC 170/175 system was applied to a PETRONAS heat exchanger. Initial trial took 1 week to install, and then Hempatherm system’s thermal and corrosion performance was monitored over a six-month period via periodic inspections. The trial showed that Hempatherm outperformed traditional insulation by including reducing steam consumption by 50% with no operating temperature drops or water ingress, while maintain a surface temperature below incidental contact burn criteria, eliminating personnel protection worries.

Story type

#technology (main category)

#innovation

Benefits

▸ Reducing energy consumption and landfill waste, besides helping customers profitability, also assists them achieving their environmental goals of waste and carbon footprint reduction.

▸ Successful innovation strategy has led to almost double revenue growth between 2023 and 2020.

▸ The outstanding performance of the new Hempatherm IC system earned the company a new certification from the PETRONAS Protective Coatings Technical Committee (PPCTC).

Key findings

For young people

▸ Identify real industry challenges and create solutions that provide tangible value.

For industry

▸ Encourage R&D investment and empower teams to think beyond conventional solutions. Foster an innovation-first culture, where failure is part of the learning process.

For government

▸ Encourage the adoption of “total cost of ownership” policy which seeks to make the best financial decisions for maintain assets.

Hempel Malaysia at a glance:

Key products and services: global supplier of coatings and paints.

Main industries served:

▸ Oil and gas – 25%

▸ Conventional power – 5%

▸ Others(non-energy:marine,infrastructure)–70%

Headquarters: Copenhagen, Denmark

Year established: 1915

Number of employees: 7,500

Revenue: £2.3bn

Owing to these results, Hempel Malaysia received approvals from the PETRONAS Protective Coatings Technical Committee (PPCTC) post-trial, leading to the firm’s very first project, coating fuel gas pipes on PETRONAS’s Tiong Alpha platform.

For Hempel Malaysia, this is just one innovative success story among many. Indeed, the firm continually demonstrates its dedication to enhancing asset integrity, reducing maintenance costs, and supporting the sustainability goals of its clients in the oil and gas sector.

In recent times, the company’s revenue has continued to climb year on year from 2020 to 2023, almost doubling throughout this fouryear period. In other words, it is well placed to continue to excel and innovate moving forward.

HIMA Group

A trusted partner in delivering comprehensive safety and security solutions

Jörg de la Motte

How is HIMA Group thriving?

Story type

#service & solutions (main category) #collaboration, #digital & AI, #technology

Benefits

▸ The structural changes in HIMA Group have led to larger project scopes, new customer acquisitions and a growing demand for digital safety and security offerings.

▸ The changes have also led to cultural improvements inside the company.

Key findings

For young people

Bjørn-Tore Lenes CEO CEO Origo Solutions –A HIMA Company

Between 2021 and 2024, HIMA Group has accelerated its growth by evolving into a fullscale solutions provider, delivering end-toend safety and security solutions that meet the rising demands of digitalised industries. By leveraging an Engineering, Procurement, Construction, Installation, and Commissioning (EPCI-C) solutions provider model, HIMA has strengthened itself as a key enabler of operational resilience, compliance, and efficiency in complex industrial environments.

The challenge - Industrial sectors are undergoing a seismic shift. As digital transformation accelerates across both established and emerging markets, the worlds of Operational Technology (OT) and Information Technology (IT) are converging. For many organisations, this blend has become a strategic necessity to remain competitive, resilient and future-ready.

For HIMA, a global leader in safety-related automation solutions, the challenge was clear: help industries navigate this transformation while preserving the operational integrity and safety standards.

For many, the pressure has been mounting. Legacy infrastructures such as those in oil & gas are becoming increasingly incompatible with the speed and demands of digital innovation. At the same time, the rise of renewable energy and new industrial business models is changing the rules of the game.

HIMA’S Customers today are resultantly seeking end-to-end secure and safe solutions throughout the entire lifecycle that can provide real-time data, enable predictive analytics, and optimise cybersecurity — all without compromising reliability or regulatory compliance.

For HIMA, the key question was how it could evolve from a safety systems provider into a full-scale digital transformation partner.

Unlike pure-play IT firms, HIMA’s strength lies in its decades-long experience with industrial processes, functional safety, and system integrity. But in a rapidly evolving market, that wasn’t enough. The company needed to bridge the gap between its traditional OT expertise

and the digital capabilities customers were now demanding, without losing sight of its core mission: keeping people, assets, and the environment safe.

The solution - Faced with a rapidly shifting industrial landscape, HIMA has taken decisive steps.

Since 2019, the company has been scaling its strategic approach to meet rising demands for digitalisation, security, and operational agility. But it was in 2022 with the formal launch of its #safetygoesdigital initiative that digital transformation was cemented as a central pillar of the company’s long-term vision.

Recognising that clients were increasingly seeking not just products, but complete, integrated solutions from trusted experts, HIMA reimagined its offering into that of a full-scale solutions partner.

This transformation unfolded across three strategic dimensions.

First, HIMA deepened its role in project execution by evolving its Engineering, Procurement, Construction, Installation, and Commissioning (EPCI-C) model. By increasing ownership of the delivery lifecycle, the company ensured seamless integration, faster execution, and greater value creation for clients.

Second, the firm prioritised the development of advanced digital solutions that seamlessly integrate with its leading open and independent safety platform. These new capabilities enable clients to enhance operational continuity, improve industrial safety, and strengthen cybersecurity across their systems.

Thirdly, HIMA has invested heavily in developing internal IT competencies and forging key partnerships. This blend of traditional OT know-how with digital innovation has been a cornerstone of the company’s ability to deliver future-ready solutions.

Significant milestones on this journey came in 2023 and 2024, with the acquisitions of longterm regional partners Sella Controls in the UK and Origo Solutions in Scandinavia. These moves brought full-scale solutions provider capabilities in-house while also expanding HIMA’s capacity and geographical footprint, marking a major leap forward in its strategic transformation.

▸ Take opportunities to work across all parts of the business/value chain.

▸ Work in diverse international projects/teams.

For industry

▸ Always think about improvements. Success today does not mean success tomorrow.

For government

▸ To develop and make business, government and industry should partner to maximise opportunities in Norway.

HIMA Group at a glance:

Key products and services: global independent provider of safety related automation solutions.

Main industries served:

▸ Oil and gas – 48%

▸ Others (non-energy): rail, chemical – 52%

Headquarters: Brühl, Germany

Year established: 1908

Number of employees: 1,100

Revenue: £156m

Revenue from exports: 75%

Internally, the changes have been widespread. Cross-functional collaboration has intensified, digital skills have been cultivated across teams, and a culture of innovation is now the new normal for HIMA. Externally, meanwhile, the company is already seeing strong interest from clients – particularly in sectors such as energy where safety, efficiency and digital intelligence converge. Early wins include larger project scopes, new customer acquisitions, and growing demand for digital safety and security solutions. Indeed, clients now look to HIMA not just as a safety expert, but as a long-term partner in achieving operational resilience.

Overall, the firm’s evolution into a solutionsdriven, digitally empowered organisation has positioned it at the forefront of industrial transformation. Under the strategic vision #safetygoesdigital, the company is sustaining its safety-centric legacy with the promise of digital innovation, helping industries build safer, smarter and more connected operations for the future.

IMI

How IMI developed breakthrough engineering for a better world

Story type

#diversification (main category)

#culture, #energy transition, #service & solutions

Benefits

▸ Hydrogen business’ bookings for 2025 delivery reaching £53m.

▸ Successful diversification strategy is underway to support the energy transition.

Key findings

Andrea Pusceddu Alexander Kianek

Business Development Director – Hydrogen, Process Automation

How is IMI thriving?

IMI is thriving by leveraging its deep engineering expertise from the oil and gas sector to drive innovation in the rapidly growing green hydrogen market. IMI has quickly positioned itself as a key player in the electrolyser industry through the development of its groundbreaking IMI VIVO electrolyser.

This strategic focus has fuelled remarkable growth, with hydrogen-related order intake surging from zero in 2021 to £53 million in 2024. By continuously pushing the boundaries of efficiency and reliability in hydrogen production, IMI is at the forefront of the energy transition, delivering cuttingedge solutions that enable a more sustainable future.

The challenge – As part of IMI’s Process Automation sector, IMI’s site in Sardinia has built a global reputation for designing and manufacturing highly engineered valves for the most demanding applications in oil and gas processing, under the IMI Remosa product brand. Specialising in fluidised catalytic cracking (FCC) valves, the 16,000m2 factory produces safety-critical components that must withstand extreme conditions, including temperatures exceeding 700°C and highly abrasive catalytic particles.

Despite its leadership in this niche market, IMI’s site in Sardinia faced a fundamental challenge: long-term dependence on oil and gas in a shifting energy landscape. Market volatility linked to oil price fluctuations created unpredictable revenue streams, while the gradual decline of hydrocarbon processing signalled an urgent need for diversification. At the same time, IMI plc had made a strong corporate commitment to environmental sustainability, encouraging all business units to explore opportunities in cleaner energy sectors.

For IMI, the challenge was clear—how to apply its decades of expertise in safety-critical, high-performance engineering to new, highgrowth industries. The company needed to identify sectors where its reputation for

Marketing

Manager Europe, Process Automation

precision, reliability, and custom-designed solutions would offer a strategic competitive advantage, ensuring long-term sustainability and growth beyond traditional oil and gas markets.

The solution – Building on the success of IMI’s Growth Hub initiative, launched in 2018 to drive customer-focused innovation, IMI took a bold step in 2021—applying its expertise in fluid control and safety-critical engineering to develop an in-house polymer electrolyte membrane (PEM) electrolyser. This marked the creation of a new product brand, IMI VIVO, dedicated to green hydrogen production.

A key strategic decision was to establish IMI VIVO as a distinct product brand, separate from IMI Remosa’s traditional oil and gas business. This ensured credibility in the hydrogen sector while leveraging the company’s core strengths: customised design, tailored engineering, and close client collaboration.

Rather than committing to large-scale investments upfront, IMI took a pragmatic approach, initially assigning four experienced engineers to develop the concept. The focus was on smaller, modular electrolyser units, avoiding the high-risk, gigawatt-scale projects that were struggling to secure final investment decisions.

This approach paid off sooner than expected. Before even completing the prototype, IMI secured its first order—a £1 million contract from the University of Sheffield’s Translational Energy Research Centre (TERC) in June 2022. IMI VIVO’s proposal outperformed established competitors, thanks to its engineering depth, precision, and expertise in regulated industries.

Momentum quickly followed. In July 2022, the University of Bath’s Institute for Advanced Automotive Propulsion Systems (IAAPS) placed a £1.1 million order, establishing Southwest England’s first green hydrogen production and storage facility, powered by the institute’s solar array. The IMI VIVO electrolyser now plays a key role in IAAPS’ research into zero-carbon

For young people

▸ Be curious about your work and question everything.

For industry

▸ To succeed, you must understand your strengths and work on them.

For government

▸ Address the lack of a 20-year vision.

IMI site at a glance:

Key products and services: valve and actuation solutions.

Main industries served:

▸ Oil and gas – 90%

▸ Hydrogen – 10%

Headquarters: Birmingham, UK

Year established: IMI – 1862, Remosa – 1955

(acquired by IMI in 2012)

Number of employees: 260

Revenue: £100m

Revenue from exports: 90%

propulsion for aviation, marine, and heavyduty transport.

As demand grew, the Remosa site expanded its hydrogen development team, hiring four dedicated hydrogen engineers and two sales specialists. By mid-2023, the prototype was completed, and with a growing order book, the company committed to further investment. Its decision to focus on scalable, deployable units—rather than high-profile but stalled large-scale projects—proved a winning strategy.

The IMI VIVO electrolyser’s success lies in its flexibility and customer-centric approach. Delivered as a turnkey solution, integrating both electrolysis and storage in a single package, it has gained rapid market traction. By 2024, the business had achieved £53 million in bookings for 2025 —approaching parity with its legacy oil and gas business.

IMI’s success in green hydrogen highlights how traditional engineering excellence can drive sustainable innovation. By applying its expertise to new markets with a clear strategic vision, IMI has transformed itself into a key player in the global energy transition.

Tel +44 (0)20 7091 8600 Fax +44 (0)20 7091 8601