Sector analysis
DataStream
An overview of the global data centre market: technology, energy and regional dynamics
As digitalisation continues to accelerate globally, data centres can be seen rapidly expanding across multiple regions. Data centres, which are physical facilities designed to house computing infrastructure that enables the storage, processing and transmission of digital data, rely on highly robust power supplies to ensure continuous operation. While these facilities have existed for decades, their scale and strategic importance have increased significantly in recent years as cloud computing, artificial intelligence and high-performance computing become more significant. AI workloads are far more compute intensive than traditional enterprise applications, driving higher rack densities, rising power demand and adoption of more advanced cooling solutions. As a result, data centre development has become increasingly capital intensive and energy focused, with power availability emerging as one of the most critical factors shaping its market growth.
Globally, data centre development has become increasingly concentrated in several regions, shaped by demand, connectivity, energy availability and regulatory environments. North America currently represents the largest share of the global data centre market, accounting for roughly 40% of total global data centre capacity, with the US hosting the most mature ecosystem of data centre facilities. Europe follows as a major established market, while Asia Pacific is the fastest growing region as digital demand accelerates across Southeast Asia, China and Australia. Currently, this sector is led by hyperscale operators alongside large colocation providers serving multi-tenant facilities. It can also be seen that new development pipelines are increasingly weighted towards Asia Pacific, the Middle East and selected South American markets.
Data centres vary significantly in design, scale and operational purpose. Facilities are commonly classified by tier, reflecting redundancy and uptime requirements. Higher tier data centres with critical workloads demand continuous availability for example. In practice, data centres can take the form of hyperscale campuses, colocation facilities serving multiple tenants, enterprise or self-build infrastructure and edge data centres supporting low latency applications closer to end users. These facilities are also differentiated by workload type, including AI focused data centres, high density compute and high-performance computing facilities, general purpose cloud infrastructure and sovereign or government data centres. These distinctions directly influence power density, cooling design, infrastructure complexity and overall energy strategy.
Most data centres remain fundamentally reliant on local grid connections as their primary power source, typically supported by onsite substations, backup generation and energy storage systems to enhance resilience and operational stability. As facility sizes increase, securing long term and reliable grid access has become a major constraint in many established markets. Renewable energy procurement through power purchase agreements (PPAs) has become common as part of broader decarbonisation strategies, particularly among hyperscale operators. Intermittency, grid congestion and transmission limitations, however, continue to pose challenges. Natural gas has also emerged as an important transitional fuel in several regions due to its ability to support large, continuous loads where renewable penetration remains limited. Looking ahead, hydrogen ready infrastructure, carbon capture enabled gas generation and nuclear power including small modular reactors (SMRs) are being explored in selected markets.
The performance of a data centre is determined by a complex ecosystem of critical infrastructure that supports uptime, efficiency and scalability. Modern facilities rely on uninterruptible power supply systems (UPS), transformers and monitoring platforms to manage energy flows and operational risk. Cooling technologies are also evolving rapidly, shifting from traditional air and water cooling to liquid cooling, hybrid solutions and direct to chip approaches. On the compute side, AI focused data centres utilise advanced GPUs and accelerators, further intensifying energy consumption and thermal management requirements.
From an investment perspective, data centres continue to attract significant capital globally. North America accounts for the largest share of annual investment volumes, driven by hyperscale expansion, AI demand and access to deep capital markets. Europe remains highly active but increasingly selective due to grid constraints, environmental regulation and planning complexity, while APAC is seeing accelerating capital investment across both mature and emerging markets. The Middle East is positioning itself as a strategic digital infrastructure hub through sovereign-backed investment and large-scale developments, while South America is gaining momentum as connectivity improves and cloud adoption expands. Across all regions, data centre projects face common challenges including environmental concerns, community opposition, regulatory complexity, rising capital costs and growing scrutiny over energy and water use. Looking forward, global data centre growth is expected to continue, with energy strategy, technological innovation and investment flows playing decisive roles in shaping the pace, scale and geography of future development worldwide.
Nurul Fatimah Mohd Aris, Energy Analyst (Data Centre) fatimah.mohdaris@the-eic.com
Inside this issue...
Welcome to the April 2026 edition of Inside Energy. As we head into the second quarter of the year, the global energy sector remains focused on overcoming barriers to project delivery and securing the vital investment needed to drive the energy transition forward.
In March, we hosted our Bankable Energies conference at the Hilton London Bankside. With the race to accelerate clean energy deployment intensifying, the event successfully gathered over 200 attendees and dozens of expert speakers. Together, we tackled one of the sector's most urgent challenges: how to move from concept to final investment decision (FID) and make low-carbon projects truly investable. You can read a full report reflecting on the day's key takeaways on page 24.
While securing finance is a crucial first step, executing these ambitious projects relies entirely on the capability, safety and innovation of our supply chain. To that end, our standout feature this month is an exclusive one-to-one interview with Simon Lowry, Operations Director of the Northwest for Powertherm Contract Services Ltd. Simon shares an inside look at Powertherm's impressive growth in the region, its strategic investment in a new Ellesmere Port facility and how its expanded scaffolding and industrial services are actively supporting major new energy and decarbonisation projects.
Alongside these core highlights, this edition also features a timely sector analysis exploring the rapidly expanding global data centre market and its robust power infrastructure requirements, plus a wealth of updates from our members worldwide. Happy reading.
Stuart Broadley CEO, EIC
DataStream
AUSTRALIA
Project Southgate Data Centre Campus
Operator: Firmus Value: US$3bn
Firmus has secured a debt financing facility to support the rollout of its Project Southgate AI factory programme. The funding will be used to accelerate largescale AI infrastructure development, reflecting growing investor confidence in dedicated, compute-heavy facilities.
For
Global opportunities
CANADA
Skyview 2 Battery Energy Storage Project
Operator: Potentia Renewables Value: US$550m
Potentia Renewables Inc has reached FID for the Skyview 2 BESS. The project secured approximately CA$542m (US$400m) in construction and longterm operational financing from KfW IPEX-Bank and Desjardins Group.
KUWAIT
Mutriba Oil Field
Operator: Kuwait Oil Company
Value: US$3bn
SLB has been awarded a US$1.5bn, five-year integrated field development contract covering end-to-end services including design, development and production management, with scope focused on high-pressure, hightemperature (HPHT) reservoirs with sour conditions.
POLAND
Offshore Wind Farms B-Wind and C-Wind Polska
Operator: Ocean Winds Value: US$1bn
DEME has awarded Hellenic Cables an inter-array cables contract for the project where they will provide 70km, including spares, of 66kV inter-array submarine cables and associated cable accessories. Helenic Cables will be responsible for the design, engineering, manufacturing and testing of the cables.
UK
Eq.flight SAF Plant
Operator: equilibrion Value: US$100m
Kent has been awarded a pre-frontend engineering design (pre-FEED) contract for the Eq.flight project. While the demonstrator's location and commissioning timeline remain undisclosed, Kent said the preFEED contract will see it develop an engineering design for the demonstration system.
US Wichita Solar PV Project
Operator: TotalEnergies
Value: US$640m
TotalEnergies has signed two 15year power purchase agreements (PPAs) with Google to supply 1GW of solar capacity to its data centres in Texas. The power will come from the 805MWp Wichita and 195MWp Mustang Creek projects, with construction set to begin in Q2 2026.
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 17,000 CAPEX projects across all energy sectors
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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 16 regions, now covering the UK, France, Germany, Spain, Italy, Netherlands, Norway, UAE, Oman, Saudi Arabia, Malaysia, Singapore, Indonesia, Japan, 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
Hi-Force expands heavy lifting portfolio with launch of new HCJ climbing jacks
Hi-Force has announced the launch of the new HCJ climbing jacks, expanding its heavy lifting and jacking portfolio with a compact, lightweight solution for precise heavy load positioning across a wide range of industrial applications.
Purpose-built for fast and safe incremental lifting or lowering of heavy loads and structures, the HCJ Series overcomes the typical height limitations imposed by standard cylinder stroke lengths, making it ideal for civil infrastructure, heavy engineering, construction, oil and gas, power generation and rail projects. The system incorporates a Hi-Force HDA double-acting hydraulic cylinder, mounted on a robust steel base plate that incrementally 'climbs' on stacks of cribbing blocks. These blocks are added in stages to reach the required height, enabling safe and controlled movement of loads over greater distances.
The compact and lightweight design of the system delivers significant operational advantages. In addition to enabling installation in confined or hard-to-reach areas where conventional lifting equipment may be impractical, the reduced weight contributes to easier handling and lower logistics costs, contributing to improved operational efficiency on every project.
Safety and durability are core elements of the HCJ design. The double-acting HDA cylinder is fitted with a tilting saddle to minimise the risk of side loading during operation, while the steel base plate incorporates an integrated anti-rotation device for maximum stability. A high-performance fluoropolymer coating on the base plate provides enhanced wear and corrosion resistance, extending the service life of the system.
Available with lifting capacities from 50 to 200 tonnes, the HCJ climbing jacks are fully compatible with Hi-Force's powered pump range, as well as the SLF and SLV synchronous lift systems for computercontrolled, synchronised lifting operations. The SLF and SLV Series also offer real-time monitoring and precise hydraulic control, enabling operators to react quickly to changing conditions and maintain safe and synchronised lifting at all times.
Hi-Force has been providing heavy lifting solutions for several years, continually improving and expanding our product offering to meet evolving industry needs.
The HCJ Series has been developed specifically to meet the growing demand for a more versatile heavy lifting solution, particularly in applications where space and access are limited. This addition reinforces Hi-Force's commitment to innovation and delivering exceptional service and value to our customers worldwide.
Matthew Hughes, Senior Manager – Technical, Hi-Force
Spotlight on technology
Global technology company Siemens has partnered with its long-term global logistics provider Kuehne+Nagel to roll out electric heavy goods vehicles (eHGVs) for part of its UK and Ireland logistics operations, taking a significant step forward in low-carbon supply chain solutions.
The eHGVs will replace diesel vehicles to transport and deliver materials and products to and from Siemens' Congleton site and supplier facilities across the north of England. The new eHGVs – which have a range of up to 400km and can carry up to 44 tonnes – will eliminate around 12 tonnes of CO₂e per year on a key Siemens route. Still in its pilot stage, the initiative is the first phase of a broader collaboration between the two companies to reduce emissions and explore how this initiative can be scaled-up to electrify road freight for other Siemens sites in the UK.
Siemens Congleton specialises in the design and production of low-voltage variable speed drives (VSDs) and power electronics. The business manufactures a high volume of controls and drives for customers globally at the facility every year.
The factory is a showcase of Siemens' commitment to innovation and robust eco design principles, with many of the products manufactured on site holding the leading EcoTech environmental product performance label. Built with sustainable materials and circular design thinking, these products demonstrate how advanced engineering can reduce environmental impact while enhancing performance and resilience.
This approach is part of Siemens' broader strategy to embed sustainability into every stage of product and process development, as outlined in the Siemens DEGREE Framework.
As part of its sustainability efforts, the Congleton factory also spearheaded the Havannah Weir Hydro Scheme. Developed in partnership with Dane Valley Community Energy, the project generates 75kW of renewable electricity from the River Dane and feeds it directly into the Congleton site via a 1km underground cable.
New EIC members
NEW PRIMARY MEMBER
Alfa Laval
7 Doman Road
Camberley
Surrey GU15 3DN UK
Contact Alex Parkin, Energy Division Manager
Telephone +44 (0)1276 63383
alex.parkin@alfalaval.com
Web www.alfalaval.co.uk
Alfa Laval is a global provider of specialised products and engineering solutions based on heat transfer, separation and fluid handling technologies. With more than a century of industrial expertise, the company supports critical processes across the energy, oil and gas, power generation, hydrogen, carbon capture, marine and renewables sectors.
Alfa Laval delivers high-efficiency heat exchangers, advanced separation systems and robust fluid handling equipment designed to improve performance, maximise energy recovery and enhance operational reliability in demanding environments. Its technologies play a key role in upstream, midstream and downstream operations, as well as in emerging energy transition projects such as LNG, biofuels, CCUS and green hydrogen.
Driven by innovation and sustainability, Alfa Laval focuses on enabling decarbonisation, energy efficiency and reduced environmental impact across industrial value chains. Through continuous R&D and close collaboration with customers, the company provides solutions that meet stringent safety, performance and environmental standards worldwide.
NEW GLOBAL MEMBER
CME Oil and Gas Contracting L.L.C – S.P.C
Level 36
Etihad Towers Abu Dhabi UAE
Contact Sean Holland, General Manager
Telephone +971 50 6366705
s.holland@cme-international.com
Web www.cme-international.com
CME Oil and Gas Contracting is a UAE-based EPC contractor delivering complex offshore and onshore oil and gas projects. It has an in-house engineering centre with experienced specialists providing full-cycle services from feasibility studies to commissioning.
Core capabilities include subsea equipment design and manufacturing, topside module fabrication, pipeline construction and offshore installation services.
Subsurface expertise covers reserves evaluation, seismic processing, interpretation and well engineering. The company operates its own manufacturing facilities for umbilicals. The service portfolio spans engineering, procurement, fabrication, installation, hook-up and commissioning.
CME supports clients across the entire project lifecycle including drilling operations, equipment deployment and maintenance of marine and offshore infrastructure.
NEW PRIMARY MEMBER
Eureka Efektif Sdn Bhd
Block Heliks-Emas B6-3
UKM-MTDC Technology Centre
Universiti Kebangsaan Malaysia 43650 Bangi, Selangor Malaysia
Contact Mohammad Fadli Bin Mustafa, Senior Sales Engineer
Telephone 603 8922 9488
Email fadli@eurekaefektif.com
Web
www.eurekaefektif.com
Pipelines are the silent arteries of industry. When they stop, everything stops.
For years, Eureka Efektif has worked behind the scenes to keep them flowing. Across thousands of kilometres of pipelines, its solutions have cleaned and restored flow, inspected pipeline health and supported operators in overcoming wax build-ups, blockages and operational challenges.
Because in pipeline operations, reliability is not a feature – it is a requirement. Engineered for flow. Built for safety.
Flow assurance starts inside the pipeline. Eureka Efektif's commitment is simple: when the industry calls, the company answers.
NEW PRIMARY MEMBER
Franco Tosi Meccanica
SpA
Via San Bernardino 2 20025 Legnano (MI) Italy
Contact Matteo Sturaro, Head of Compressors Division
Telephone +39 0331 522 111
Email matteo.sturaro@ francotosimeccanica.it
Web www.francotosimeccanica.it
Franco Tosi Meccanica, through its experience and expertise is willing to serve the needs of power generation with all the care its customers need and deserve. Its product portfolio includes steam turbines up to 600MW, hydraulic turbines up to 60MW with all the related items for a smooth operation of the entire power plant.
Beyond the vast range of power generation machinery, Franco Tosi Meccanica historically delivered many compression trains to serve all process industries.
Since the early Sixties, a huge number of centrifugal compressors left the Legnano workshop, to reach the destination plants in the world where in many cases they are still running to produce hydrocarbon derivatives, industrial gases, polymers and energy for more than 40 years.
Nowadays, by means of strategic synergies and the contribution of experienced engineers and partners, on top of its sister company
Bruno Presezzi SpA, Franco Tosi Meccanica offers to the oil and gas, petrochemical, industrial gases and energy markets, a broad portfolio of equipment and services.
NEW GLOBAL MEMBER
NEXT COOLING SA
Via Penate 4 6850 Mendrisio Switzerland
Contact Liza Katsiashvili, Marketing Manager
Telephone +39 3661 346809
Email lkatsiashvili@nextcooling.com
Web
https://cicgroup.com/nextcooling/
NEXT COOLING is a global leader in cooling technologies, with offices in Switzerland, South Africa, India, Australia and Italy, delivering cooling towers, air cooled condensers and comprehensive aftermarket services worldwide.
Wednesday 6 May 2026
9 June 2026 • Milan
One-to-one
with Simon Lowry, Operations Director of the Northwest
Powertherm Contract Services Ltd is a multi-discipline industrial service provider, offering a comprehensive range of industry-renowned solutions which add value to one another. It is an innovative company, operating in diverse and demanding markets, with global capacity. Its combination of over 30 years experience, technical expertise, industry knowledge and a focus on quality, allows clients to achieve their targets.
Q A
To start, could you tell us a bit about your background and what led you to your role as operations director for Powertherm?
My career starting in mechanical engineering, working in the power and petrochemical sectors, where I progressed to management of major projects and outages. I then joined an industrial services company specialising in insulation, asbestos management and scaffolding, where I spent sixteen enjoyable years and worked my way to general manager. Always keen to learn and progress, this provided me with a robust knowledge of these services and I have remained in industrial services ever since, working for both SME's and multinationals. I met Paul Ashton, Powertherm's managing director, when we both sat on the governing board of the Thermal Insulation Contractors Association. I got to know Paul and it was evident that he shared similar business values to myself in terms of honesty, openness and integrity with a drive to provide service excellence to customers, operating at the highest standards of health and safety, quality workmanship and environmental impact. When Paul and I discussed an opportunity for me to join the senior management team of Powertherm, my respect and admiration for him, along with the knowledge that the company was highly regarded in the UK industrial market, made it a very easy decision.
AQWhat does your role involve day-to-day and what are some of the key focuses of the Northwest team?
My day-to-day role involves ensuring safe, efficient and profitable business unit performance, while making sure operations align with business strategy to maintain long term stability. Daily, I support and guide the management team to ensure work activities are meeting expectation, help them to navigate through operational challenges and ensure we are planning labour, material and plant resources across the business unit to ensure all work activities are adequately provided for. Safety is always our top priority, so I interact daily with our QHSE team to promote reinforcement of a strong safety culture across the business. Financial oversight is another key component to my role, so daily interaction with the commercial team to monitor cost vs revenue is required, so we maintain margins to expectation and investigate any issues to identify and implement corrective action as required. Customer relationships are a major focus, I stay engaged with all key customers to ensure satisfaction, address concerns proactively and identify opportunities for growth. I have regular interaction with our business development and marketing teams to maintain focus on business on our growth strategies. The key focus for the Northwest team is new business growth, service excellence, customer retention and maintaining Powertherm's reputation as an industry leader.
Q
A Q A
Powertherm has seen great growth across the region –what do you think has driven that success and what recent investment has supported it?
Powertherm was relatively unknown in the industrial sector in the region, so it was vital that we enhanced our visibility and showed potential customers that Powertherm could provide them with an efficient local service. We invested in office and storage premises in Ellesmere Port, which sits centrally to the Northwest industrial belt and have recruited a strong management team capable of providing a robust service. Our business development team has been strengthened locally with the introduction of industry respected key account managers with many years' service in the region and a strong network. We have ensured that we have met every opportunity handed to us by our customers with service excellence, value for money and the highest of standards, which has built our customer base; evidencing to potential new customers that we are now strong in the region and trusted by many of their neighbouring businesses.
Looking ahead, where do you see the biggest opportunities for Powertherm in the Northwest?
The market in the region is buoyant, with considerable investment being made in energy, decarbonisation, hydrogen and utilities over the forthcoming years.
AQOur goal is to further strengthen our maintenance portfolio and ensure we engage with stakeholders on all forthcoming major projects.
Scaffolding is a big part of Powertherm's operations – how does the Northwest team contribute to this side of the business?
Scaffolding is a major growth area for the business and while we have offices UK wide, the Northwest office is our main access business hub, central to UK operations. Access operations are overseen by our regional managers, who manage our business network across the country, supported by the QHSE, commercial, procurement and administrative team operating from our central access hub.
QA
And finally, what do you enjoy most about being part of Powertherm and leading operations in the Northwest?
While my role covers operations UK wide, I reside in Cheshire with my family, so the Northwest is close to my heart and where most of my working career has been based. We have grown the whole business considerably over the six years since my arrival and it has been an absolute pleasure to see the company and our teams grow and thrive. For me personally, nothing gives me more pride and satisfaction than helping individuals and teams succeed, grow and evolve. At Powertherm, we value our people and everyone has the opportunity to strengthen their skills, learn new skills and flourish. It's fantastic to be a part of.
Powertherm is an industry leader in the provision of a comprehensive range of innovative industrial services and solutions.
Trusted by leading companies around the globe, the company is committed to creating safe working environments, optimising operational performance and prolonging asset life cycles for clients and their people. Its combination of high quality, safety throughout and always offering the right innovative solution, enables Powertherm to deliver client satisfaction.
The company knows each and every project is unique, which is why Powertherm offers a tailored and personal approach. Whatever size of the project, the company upholds the same safety, quality and environmental commitments and service delivery excellence.
Member news
ABB IE6 SynRM motors deliver major boost for industrial energy efficiency
ABB is accelerating industrial energy efficiency with its expanded range of IE6 Hyper Efficiency synchronous reluctance (SynRM) motors. This magnet free technology – now available from 110 to 450kW in frame sizes 280 and 315 and speeds up to 3,600 rpm – brings next-level efficiency and sustainability to even more industrial applications. This move builds on the 2024 milestone when ABB was the world's first manufacturer to launch a magnet free IE6 SynRM motor for specialist applications. ABB has now made this breakthrough its mainstream option, moving ahead of the anticipated IE6 Hyper Efficiency standard.
Switching to IE5 Ultra-Premium efficiency SynRM motors is proven to deliver major savings compared to an equivalent IE4 induction motor package. However, there is an even greater benefit when stepping up to ABB's now-standard IE6 SynRM option. Over a typical 20-year service life, the savings are increased to €51,200 and 92,200kg CO2 –equivalent to 21.5 gasoline-powered passenger vehicles driving for one year. That represents an additional 76% improvement than when upgrading from IE5 to IE6, with an ROI of eight months.
Designed with sustainability at the core, the IE6 SynRM contains no permanent magnets or rare earth metals, is 98% recyclable and forms part of the ABB EcoSolutions™ portfolio with fully verified environmental product declarations (ISO 14025 Type III). This enables customers and partners to make more informed, sustainable choices through increased transparency about each product's circularity and environmental impact.
The IE6 SynRM motors match the size of standard induction motors, making them a simple drop in replacement for fans, pumps, compressors and other applications. As a perfect pairing with an ABB variable speed drive (VSD), they reinforce ABB's commitment to breakthrough energy efficiency, reduced operating costs and helping industries accelerate their decarbonisation journey.
ABB is a global technology leader in electrification and automation, enabling a more sustainable and resourceefficient future. By connecting its engineering and digitalisation expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. The company has over 140 years of history and around 110,000 employees worldwide.
Airswift: AI adoption surges in renewables as salaries rise
The tenth annual Global Energy Talent Index (GETI) 2026, one of the world's most established and comprehensive energy workforce trends report, reveals that renewable professionals are increasingly using artificial intelligence (AI) to accelerate career development and bridge skills gaps, as interest in international mobility continues to decline and competition for experienced talent is reported as the biggest recruitment challenge.
Salaries
Over half (51%) of professionals reported a salary increase in the past year compared to 48% the year before. However, while pay optimism remains high, hiring managers are showing greater restraint as organisations rebalance spending between people, projects and digital technologies.
Shifts in global mobility
Despite record levels of global investment in renewable energy projects, interest in international relocation has continued to decline. 71% of renewables professionals say they would consider relocating for work, down from 86% in 2022 – the lowest level recorded to date.
Europe remains the most attractive destination (35%) and the Middle East continues to grow in appeal. Meanwhile interest in North America has declined year-on-year amid policy uncertainty and shifting investment patterns.
AI and career development
AI adoption in the renewables workforce has nearly doubled since 2024, with 60% of professionals now using AI in their role. In addition, 80% of professionals are using it as a tool to further their careers, for example by completing work at a more senior level and upskilling to bridge internal skills gaps.
However, concerns remain about the long-term impact of AI in reducing early-career opportunities. 38% of professionals believe this to be the case, although a further 23% either believe AI is increasing entry level roles or is having no impact on them.
Arup: ambitious electricity grid investment would unlock significant economic growth
An Arup study reveals billions in socioeconomic benefits if ambitious investment in electricity grid modernisation is sustained to 2040:
• The biggest sector gains include £95bn for services, £33bn for property and £20bn for the construction sector by 2040.
• This level of investment would also boost jobs, supporting an annual average of 92,000 additional jobs.
• The strongest growth is expected in the services, property, construction, power and electricity sectors.
Our research shows that ambitious grid investment is a catalyst for economic growth, job creation and energy security. Unlocking the benefits depends as much on how we deliver as on what we invest. By investing wisely, designing boldly and delivering with purpose, we can unlock a more affordable, secure and clean energy system for all.
Mark Neller, Energy Leader, UK, India, Middle East and Africa, Arup
£34bn investment in the grid over the next 15 years would unlock £194bn for the economy, a 4:1 return.
By modelling two investment scenarios, underpowered and supercharged, the study also concludes that an additional 92,000 extra jobs could be supported in any given year, if ambitious investment in the electricity grid is sustained to 2040.
Arup's modelling also showed that many sectors across the economy would benefit from investment in the grid, ranging from agriculture, property, through to construction.
The services sector could grow by £95bn, with 68,000 jobs supported each year, while the property sector could grow by £33bn and construction by £20bn. The jobs supported could be high-demand, high-paying roles, with the potential to boost skills development.
The macroeconomic study, Gridunlocked – unlocking the benefits of investing in the electricity grid, conducted in collaboration with Cambridge Econometrics, highlights that benefits extend beyond economics. Maintaining 'supercharged' investment in grid modernisation ensures that the UK's electricity network can fully support the energy transition and keep pace with rising demand.
Grid modernisation also reduces the UK's reliance on unabated gas. By shielding businesses and consumers from global price volatility, it strengthens energy security and supports the development of a more diverse, decentralised and resilient system.
The report emphasises that grid investment alone cannot unlock these benefits. It calls for a more joined-up, programmatic approach to planning and delivery across generation, storage, transmission, distribution and demand side flexibility. Such co-ordination would enable greater operational and economic synergies, with digitalisation further enhancing grid flexibility and stability.
Strategic co-ordination across the critical interfaces of policy, finance, technical design, supply chains and project delivery is essential for sustaining momentum of a wholesystem energy transition and maximising its socioeconomic benefits. The report also highlights the importance of early and meaningful community engagement to ensure that local voices play an active role in shaping the UK's energy future.
While the focus of this study has been the UK, many of the observations and recommendations of this report are internationally applicable and if applied will support the global energy transition to a net zero world.
asset55 awarded software contract by Technip
asset55 has been awarded a contract by Technip, a global leader in engineering and technology for the energy industry, to deploy its advanced bolted joint integrity software, Calculate, across Technip's flange management operations.
This is in line with Technip's drive to continuously modernise and streamline engineering workflows, while reinforcing the company's longstanding commitment to operational excellence and safety.
Transforming engineering efficiency
Calculate will support Technip's engineering teams by providing accurate bolt load calculations, eliminating timely processes and ensuring bolt load integrity. With faster processes, improved accuracy and optimised data management, Technip engineers will be able to deliver high quality flange management across a wide range of projects.
Strengthening safety through precision
Above all, Calculate contributes directly to Technip's unwavering focus on safety. The software's robust calculation engine, developed in accordance with the latest ASME PCC-1 standards, reduces the risk of hazardous hydrocarbon leaks and strengthens Technip's dedication to the safety of its employees.
About asset55
Established in 2012, asset55 has grown organically to become a leading and trusted provider of SaaS technology to the wider energy market. Aligned across two divisions, Operations and Capital Projects, the company enables change through a portfolio of execution specific software, which helps clients improve efficiency, productivity and most importantly, safety.
To learn more about asset55's Calculate software, visit: https://assetfiftyfive.com/calculate/
Atlas Copco: three ways to protect equipment in harsh operating conditions
Factories rarely operate in clean or climate-controlled conditions. Dust, humidity and heat are part of everyday industrial environments and they directly affect the performance of machines such as compressed air systems. The result is often unplanned breakdowns and costly downtime.
According to a global survey by ABB, more than two-thirds of industrial companies experience unplanned outages at least once a month, with downtime costing the average business close to US$125,000 per hour. Atlas Copco, a global leader in mobile compressors, shares three practical insights to help industrial operators reduce downtime and manage equipment reliability in harsh operating conditions.
Not all manufacturing environments are the same. While some plants can maintain stable temperatures and clean air, many others operate equipment directly on production floors or outdoors, where conditions are less predictable.
High humidity can, for example, accelerate corrosion inside compressors and downstream equipment, while also affecting air quality. Dust and airborne particles can clog filters and increase mechanical wear. Extreme temperatures create additional risks, from overheating in hot climates to condensation and ice formation in freezing conditions.
Once equipment leaves a clean room, these external stress factors begin to influence performance, uptime and service life. The operational and financial impact is clear. The global study by ABB further indicates that 69% of plants face unplanned outages at least once a month.
In many industries, isolating equipment from its surroundings is not an option. In cement production, for example, compressors often operate close to crushers and conveyors where dust levels remain consistently high. Glass manufacturing involves continuous heat and elevated operating temperatures, while chemical production sites are frequently exposed to corrosive atmospheres.
In these settings, the focus shifts from protecting equipment in ideal conditions to keeping production running despite the environment.
To address these challenges, Atlas Copco highlights three practical considerations:
• Preventive maintenance: regular inspections and scheduled servicing help identify early signs of wear before they develop into failures. Monitoring oil levels, filter conditions and vibration trends allows maintenance teams to intervene early and reduce the risk of unplanned downtime.
• Monitoring and control: real-time monitoring tools, including pressure sensors, flow meters and leak detection, provide insight into system performance. Data and alerts help teams detect deviations from normal operation, enabling faster responses and more predictable maintenance planning.
• Equipment suitability for the environment: systems that operate outside controlled settings need to be suited to those conditions. Sealing, corrosion protection and thermal management play a key role in maintaining reliability. Selecting equipment designed to withstand environmental exposure can help limit premature wear, reduce unexpected failures and support more stable long-term operation.
i For more information: www.atlascopco.com
Photo © Atlas Copco Limited
AVA Energy ramps up growth with support from HSBC UK
An independent energy recruitment provider is set for significant growth thanks to a seven-figure funding package from HSBC UK.
Headquartered in London, AVA Energy will use the funding to support the acquisition of East Anglia-based recruitment firm People with Energy (PWE). AVA Energy will retain all PWE staff, extend its geographical reach into a key industry location and advance its ambition to become a top five independent global energy recruitment business.
This funding marks a significant milestone for AVA Energy, enabling us to expand our presence in a key region and enhance our ability to connect top talent with the energy sector. We're grateful to HSBC UK for backing our vision for growth as we aim to become one of the leading global energy recruitment businesses.
Julian Morison, CEO, AVA Energy
The move will combine the strengths of both companies and reinforce its reputation for delivering specialist staffing solutions across the renewable, nuclear and oil and gas sectors. The newly acquired business provides both contract and permanent placements for professional, management and executive roles, helping energy companies build strong teams across the energy sector.
DNV acquires Smarter Power Solutions Pty Ltd to establish global centre of excellence
DNV, the independent energy expert and assurance provider, has announced the acquisition of Smarter Power Solutions Pty Ltd (SPS), an established Australian power systems engineering consultancy known for its advanced grid-connection capabilities.
The acquisition significantly strengthens DNV's position as one of Asia Pacific's leading independent global power grids consultancies and establishes the company among the world's foremost centres of excellence in grid-connection engineering.
Smarter Power Solutions brings to DNV a highly specialised team of power system engineers with deep experience across complex grid connection studies, advanced modelling, commissioning and compliance. Headquartered in Melbourne with strategic presence in Brisbane, Sydney and New Zealand and founded in 2021, the company's strong track record, which includes the successful approvals from Australian Energy Market Operator (AEMO) for grid forming and hybrid battery projects early in these technology's lifecycle, will further accelerate DNV's technical leadership in one of the world's most demanding and innovative energy markets.
DNV's Energy Transition Outlook 2025 highlights that power grids are now the decisive enabler and most pressing constraint, of the global energy transition. Rapid reinforcement, digitalisation and expansion of transmission and distribution networks will be essential to integrate large scale renewable energy, storage and new electrified loads.
SPS uses a process led approach, automation and high-performance computing to deliver superior modelling quality and faster approval times. These capabilities will complement and enhance DNV's global power systems business and significantly expand its ability to support customers facing complex grid integration challenges.
The acquisition follows DNV's recent purchase of Amplitude Consultants in November 2025 and continues the company's strategic expansion of its power grids advisory services across APAC to build one of the largest independent global power grids consultancies in the region.
Australia remains one of the world's leading areas at the forefront of renewable integration and advanced grid connection standards. With record renewable penetration, reaching 78.6% on the main grid in September 2025 and rapid growth in battery energy storage, the country is widely recognised as one of the fastest transforming power systems in the world. i For more information: www.dnv.com
Left to right: Dr Matthew Rowe, DNV; Tim Gorman, SPS; Dr Lena Landsmann, DNV; Barry O’Connell, SPS; Kristine Hauge, DNV and Lachlan Bateman, DNV
ECITB: advanced drone course to prepare pilots for operating on highrisk industry sites
Experienced drone professionals are being given the opportunity to gain the advanced skills needed to operate on complex industrial sites.
Industry becoming more aware of the advantages of using unmanned aircraft systems (UAS), such as drones, has led to an increased demand for pilots who have the specific knowledge and skills to fly in industrial settings.
This has led to the Engineering Construction Industry Training Board (ECITB) developing the ECITB Advanced Industrial Drone Operations Course.
A free pilot course, funded by the Swansea Bay City Deal Skills and Talent Programme and the ECITB, is being run by ECITB-approved training provider Global Drone Training at RSPCA Llys Nini Centre in Penllergaer, near Swansea, on the week commencing 23 March, with the assessment taking place the week after.
The course is suitable for drone operators working on refineries and petrochemical facilities, power generation and transmission infrastructure, nuclear sites or major heavy engineering projects.
It includes practical flight assessments and examinations held under realistic operational conditions. Development of the advanced course comes after the ECITB launched a quality-assured Foundation UAS Course in 2023, which was created in collaboration with the UK Drone Association, ARPAS-UK, alongside a working group made up of industry and drone experts.
The ECITB course is designed for experienced drone professionals working in, or preparing to work in, high-risk engineering and construction environments. The five-day programme prepares operators to safely and effectively deploy UAS on complex industrial sites, where safety, compliance and teamwork are non-negotiable.
Martyn Johnson, Head of Region
for Wales, ECITB
For more information and to book a place, contact Global Drone Training by email: office@globaldronetraining.com or call +44 (0)1792 687397
For more information: www.ecitb.org.uk
HFI strengthens UAE presence with new Abu Dhabi office and strategic Dubai relocation
HFI has announced the expansion of its footprint in the United Arab Emirates with the opening of a new consultancy and representative office in Abu Dhabi. The office is located in Etihad Tower 3, directly adjacent to ADNOC headquarters, placing HFI at the centre of one of the region's most influential energy decision-making hubs.
This strategic positioning reflects HFI's commitment to maintaining close proximity to clients and industry leaders as they navigate the complexities of establishing, expanding, or restructuring their operations across the Middle East.
In parallel with the Abu Dhabi expansion, HFI is also relocating its Dubai office to Emirates Towers, one of the UAE's most established business destinations. This move reinforces HFI's focus on accessibility, collaboration and operational excellence as the firm continues to support clients throughout the region.
HFI continues to advise on a full spectrum of mandates across the energy, industrial and technology sectors, including acquisitions and divestments, new market entry and territory expansion, local partner ventures, local manufacturing initiatives, technology licensing, restructuring, disputes resolution and managed exits.
Photo © 2003-2026 Shutterstock, Inc
With strengthened bases in both Abu Dhabi and Dubai, HFI is enhancing its ability to support clients with timely insight, local access and hands-on execution. The company's position at the centre of the UAE's commercial and policy landscape ensures it remains closely aligned with client priorities and well-placed to deliver effective, practical solutions across the Middle East. Those looking to strengthen their regional strategy are invited to contact: sally.reeves@hfi-consulting.com
HFI is a legal and consulting services firm led by Hugh Fraser, a Scottish corporate/energy lawyer with over 30 years' experience in the international energy sector. The company is a Middle East specialist supporting client ventures in an energy market valued at US$779bn in the period to 2035.
Hugh Fraser International's focus is on ventures which combine advanced energy technology and knowhow with opportunities in the key territories of the Middle East region including Saudi Arabia, the United Arab Emirates, Oman and Qatar.
HFI has close connections with the EIC, Society of Petroleum Engineers (SPE), European Association of Geoscientists and Engineers (EAGE), Global Underwater Hub (GUH), Society of Underwater Technology (SUT), the Global Carbon Capture and Storage Institute and the Net Zero Technology Centre.
i For more information: www.hfi-consulting.com
Eastern Green Link 4 announces £2bn cable contract with Prysmian
Cable manufacturer Prysmian has been awarded a £2bn contract to supply the cable for SP Energy Networks and National Grid Electricity Transmission's subsea Eastern Green Link 4 project.
The contract will see Prysmian manufacture and deliver over 640km of cable for the 2GW subsea electricity link, which will use high voltage direct current (HVDC) to connect Fife in Scotland and Norfolk in England.
Once completed in 2033, it will be capable of transporting enough green electricity to power over 1.5m homes.
The project is a joint venture between SP Energy Networks and National Grid Electricity Transmission. It will increase the UK's capacity to move power around the country, reducing constraints, increasing energy security and enabling more clean power to connect to the grid.
The contract includes 530km of subsea HVDC cable as well as over 116km of underground cable. Using HVDC technology is the most efficient way to transport large volumes of power over long distances, helping the UK move closer to its clean power targets.
Prysmian is a world leading cable manufacturer and can deliver the quality and scale of the cable needed for the UK’s underwater electricity highways.
Utilising the power of undersea HVDC cables to transport power between Scotland and England is a forward-thinking step – and one that many countries are now replicating. Prysmian is supporting several major HVDC links in the UK, playing a vital part in bringing clean energy to homes and businesses right across the country.
Raul Gil, EVP Transmission, Prysmian
The SP Energy Networks and National Grid Transmission joint venture partnership is building two links that will straddle the east coast of the country. Prysmian is also supplying the cable for Eastern Green Link 1, the 2GW project, which started construction last year and will connect Torness in Scotland and Hawthorn Pit in England.
i For more information: www.prysmiangroup.com/en
Thorne & Derrick: why HV and ATEX demand expert partnerships
In an era of click-based procurement and AI-driven recommendations, a critical question is amplifying across energy and process industries. When lives and multi-million-pound assets hang in the balance, are your buying processes safe and robust?
For Thorne & Derrick International, the answer today is 'probably not'. Thorne & Derrick has deliberately and clearly positioned itself not as a catalogue supplier, but as a solutionsbased consultative partner adding high value expertise to energy supply chains globally.
The Thorne & Derrick team of highly trained technical sales engineers provides correct product specification and supply supplemented by value-added services. This includes supporting customers with system design, site survey, field training, product demonstration and CPD-accredited courses. In hazardous areas and high-voltage industries, where a single miss-specified component can trigger catastrophic system failure, this distinction isn't commercial nuance – it's a safety imperative.
The rise of online B2B marketplaces and impersonal web-based stores has transformed industrial purchasing, bringing speed and transparency to many categories but dumbing down decision-making and introducing error into customer carts. Beyond doubt in HV, ATEX, IECEx and DSEAR-regulated environments, digitisation carries some serious risks. While products may appear dimensionally identical across three suppliers online, subtle yet critical differences in product specification can dangerously go unnoticed. Never mind miss-selection – counterfeit is common; product faking is rife.
The Thorne & Derrick philosophy underpins its business model: sales engineers undergo continuous professional development training in hazardous area and high voltage standards, product technology, selection, installation and application engineering.
The investment upholds a core belief: product compliance and installer competence must exist alongside industry regulation and technology.
Customers are investing in a service that assures delivered products will comply and ensure optimum performance. This requires deeper intelligence beyond the datasheet to include the operating context, understanding explosion protection concepts and complex high-voltage cable specifications and configurations.
Chris Dodds, Sales & Marketing Manager, Thorne & Derrick International
From 600V to 66kV, from Zone 1 to Zone 21, the company is committed across the business to supporting the delivery of safe projects. The common thread isn't product breadth alone; it's the application of contextual intelligence to match equipment specification with site reality to deliver that safety.
Safety as a shared outcome
Thorne & Derrick supports a sharpened commitment: certified products, installed competently. Certification validates the product's design integrity and assurance emerges from the correct selection.
Competency is assured by training and ongoing development to ensure the highest levels of installation workmanship. One without the other creates vulnerability.
As the energy mix accelerates through renewables, decarbonisation, hydrogen, battery energy storage and innovation in hazardous area processes, the complexity of certification and compliance intensifies. Legacy knowledge alone no longer suffices. In this dynamic landscape, Thorne & Derrick International positions its sales engineers not as checkout ordertakers, but as active participants in clients' safety ecosystems.
The human layer in an automated world Technology will continue reshaping procurement. But in environments where error tolerance is zero, the human layer of expertise remains irreplaceable. Thorne & Derrick International's value proposition rests on a simple, sobering premise: the cheapest or fastest option isn't always the safest. And safety, ultimately, isn't purchased – it's engineered through partnership.
For engineers specifying critical infrastructure, that expert partnership may be the most important component in the bill of materials.
Left to right: Paul Simpson, Rachel Buchan, Sarah Wells and Stuart Gregg, THREE60 Energy
Photo © Three60 Energy Ltd
THREE60 strengthens leadership and business development teams
THREE60 Energy has appointed Stuart Gregg as senior operations director, a newly created role reflecting the expansion of THREE60's operational portfolio. Throughout his career, he has overseen major onshore and offshore assets, led large-scale operational transitions and delivered complex international projects with significant commercial responsibility. In his new role, Stuart will lead the development, strategy and delivery of THREE60's operations service line, playing a central role in maintaining high operational quality and ensuring alignment with customer needs across the asset lifecycle.
Paul Simpson has joined THREE60 Energy as business development director for the UK wells service line, bringing more than 25 years of experience across wells operations, well intervention and commercial leadership. Paul has built his career across major international service companies, holding senior roles spanning business development, regional product line management and service delivery. He brings a combined deep technical wells knowledge with strong commercial and client-facing expertise.
In his role, Paul will be responsible for driving growth across THREE60's wells offering, strengthening strategic client relationships and working closely with technical and operational teams to develop integrated, valuedriven solutions aligned with operator needs across the well lifecycle.
In addition, THREE60 Energy has welcomed Sarah Wells and Rachel Buchan, who join the business as business development and proposals associates.
i For more information: www.three60energy.com
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)
With a new war raging in the Middle East, don't forget we are in Year-5 of war in #Ukraine. New podcast - Rebuilding Ukraine's 2nd Front Line, Energy: https://lnkd.in/eyk-x28j
EIC (Energy Industries Council)
Energy Focus Spring 2026 is out now. Julia Pyke speaks about financing new nuclear. CT Aisyah Sarjuni discusses the resurgence of gas, coal and nuclear: https://lnkd.in/dkhschX
EIC (Energy Industries Council)
Explore insights into the GCC energy market in EIC's latest webinar! With Ryan McPherson, Azzahrah Juraimi, Shaheera Shaharuzzaman and Layla Zinnirah: https://lnkd.in/d9gmUWD2
Events calendar LIVE events
Macaé Breakfast: Project Opportunities
Macaé, Rio de Janeiro with MODEC
EIC's Annual OTC Breakfast Marriott Medical Center/Museum District 4-7 May Overseas Exhibition
Offshore Technology Conference 2026
NRG
UAE
May Corporate
Meet The Energy Players in Bali 2026 Bali, Indonesia 11 May Overseas Delegation
Overseas Delegation to Guyana & Suriname
Guyana and Suriname
Bankable Energies Bankable Energies 2026
Global Events and Campaigns
That's a Wrap! Bankable Energies 2026
Bankable Energies 2026 wrapped up in London after a full day of discussions focused on improving bankability and accelerating the transition of energy projects from design to delivery.
A recurring theme throughout the day was the range of barriers impacting bankability. While government plays a critical dual role as both enabler and blocker, mechanisms such as Contracts for Difference (CfDs) are proving effective. However, visibility beyond 2030 remains limited and grid connection delays continue to hold projects back.
There was a strong consensus on the importance of government involvement, particularly in acting as a counterparty for complex, capital-intensive projects. This role is especially critical in multi-party schemes such as CCS, where risk-sharing can help unlock investment in otherwise hard-to-finance developments.
Ultimately, one of the clearest messages from the conference is that bankability extends beyond simply securing financing. It depends on long-term visibility, effective risk allocation and the ability to sustain momentum from concept through to grid connection. There is progress, but significant work remains.
Bankable Energies has rapidly become a standout event in the global energy calendar. Our expert speakers included: Sizewell C, Copenhagen Infrastructure Partners Terra Technologies, Low Carbon Contracts Company, Worley, Equinor, RSM UK, Close Brothers Asset Finance, Stirling Infrastructure Partners, Societe Generale Corporate Investment Banking, EET, Green Giraffe Advisory, Siemens Energy, Energy Voice, LanzaJet, Santander Corporate & Investment Banking, Xodus, National Energy System Operator (NESO), Lloyd's Register, MayCap Advisors, CCC Training, ImpactA Global, HSBC, Fresco CleanTech Solutions, Fusion Industry Taskforce (FIT), KPMG, Arden Strategies and the Department for Energy Security and Net Zero.
Jo Campbell
Thank you to all of our expert speakers, sponsors, exhibitors, partners and delegates for their valuable contributions to this year's event. We look forward to welcoming you to Bankable Energies in March 2027.
Jo Campbell, Director of Global Events and Campaigns jo.campbell@the-eic.com
Bankable Energies 2026: questions from the audience
Bankable Energies 2026: pre-conference networking reception
Market overview and Bankable Energies Report Findings session
Stuart Broadley, EIC CEO, opening
Bankable Energies 2026
INTERNATIONAL TRADE
EXHIBITIONS AND DELEGATIONS
As we look further ahead in 2026 and into 2027, we look forward to a year filled with new business opportunities across all energy sectors globally.
The International Trade team has an exciting lineup of world-class energy exhibitions and delegations to support your company’s export journeys in oil, gas and renewables. Now is the time to plan your budget, refine your strategy and showcase your innovations on the global stage with the EIC in 2026 and 2027. We’d love to hear from you.
If you are interested in exhibiting as part of the UK and EIC pavilions and joining trade delegations, need more information, or are ready to secure your place, don't hesitate to reach out to our team. Send us an email at internationaltrade@the-eic.com to start the conversation.
Camilla Tew, Director, International Trade camilla.tew@the-eic.com
OTC I UK & EIC Pavilion 4-7 May Houston, US
Trade Delegation to Guyana & Suriname 11-15 May Guyana & Suriname
OPES I UK & EIC Pavilion 18-20 May Muscat, Oman
Trade Delegation to Denmark & Norway 1-5 June Denmark & Norway
ONS I UK & EIC Pavilion 24-27 August Stavanger, Norway
Oil & Gas Asia (OGA) I UK & EIC Pavilion 2-4 September Kuala Lumpur, Malaysia
Rio Oil & Gas (ROG.e) I UK & EIC Pavilion 21-24 September Rio de Janeiro, Brazil
Wind Energy Hamburg I UK & EIC Pavilion 22-25 September Hamburg, Germany
Trade Delegation to Nigeria 5-9 October Nigeria
Hydrogen Technology Expo Europe I UK & EIC Pavilion 20-22 October Hamburg, Germany
Trade Delegation to Mozambique 19-23 October Mozambique
ADIPEC I UK & EIC Pavilion 2-5 November Abu Dhabi, UAE
Trade Delegation to Namibia 30 Nov-4 Dec Namibia
2027 EVENTS DATE LOCATION
Beijing Energy Congress I UK & EIC Pavilion 13-15 January Beijing, China
UK news
EIC member milestones and UK events
In this edition, I am pleased to continue to recognise companies who are reaching milestones of continuous membership with EIC, this year.
Knowing just how valuable your teams find engaging with ours, that so many of you work with us for 5, 10, 20, or even in this instance 80 years of continuous membership, really does help drive our teams forward in terms of supporting our members in a greater way.
This year, we are delighted to recognise another 27 organisations for their commitment to EIC and we look forward to awarding them with their certificate across the coming months.
80 YEARS
Sulzer Pumps (UK) Ltd
20 YEARS
Aalco Metals Ltd
AEG Power Solutions Ltd
Applus UK Ltd
DHL Energy Sector
Greene Tweed & Co Limited
Pepperl+Fuchs GB Limited
Schenker AG
Solartron ISA
15 YEARS
Calash Limited
Cleveland Cable Company Ltd
Donut Safeland Ltd
Locker Heatshielding Limited
Petroplan Limited
10 YEARS
Elliott Turbomachinery Ltd
FRACHT UK Ltd
GAC Services (UK) Ltd
Heat Trace Ltd
iPS - Powerful People
KBR Ltd
Wolf Safety Lamp Company Limited
5 YEARS
Abacus Valves International Ltd
Bureau Veritas UK Ltd
Cokebusters Ltd
Ecolab Ltd
Roemex Ltd
Vysus Group Holdings Ltd
Kim Stephen
And we will hopefully be seeing some of your at our upcoming events, details of which can be found below, with the full list online: www.the-eic.com/events
Kim Stephen Regional Director, UK kim.stephen@the-eic.com
Middle East news
Regional update
As we commence our new financial year, I am delighted to look ahead with renewed focus, even as markets and the wider world remain in a state of flux.
Periods of uncertainty often test resilience, but they also create opportunity. Across our membership, we continue to see adaptability, innovation and a determination not just to navigate change, but to lead through it. The team here remains on hand to help your organisation rise to that challenge.
Following on from the overwhelming success of February's EIC Connect KSA, we have launched EIC Connect UAE on 6 May in Abu Dhabi and our inaugural EIC Connect Qatar which will take place on 15 September. Both events will focus on delivering project opportunities, contractor briefings and major country insights: www.the-eic.com/Events/EICConnect/UAEConnect
We are also hosting a networking event at Oman Petroleum & Energy Show (OPES) on 18 May. Full details and booking information can be found on our website: www.the-eic.com/EventDetail/dateid/4704
To keep the momentum going in the coming weeks, we still have several of our Market & Project Update webinars ahead, with a focus on the GCC (7 April) and Africa (21 April). These sessions continue to provide valuable market intelligence and forward-looking insight for our members: www.the-eic.com/EventDetail/dateid/4801 www.the-eic.com/EventDetail/dateid/4780
We are also pleased to support EIC member TÜV SÜD ASMEA for its Flow Measurement Workshop 2026 on 21-23 April in Abu Dhabi. This is a three-day technical forum bringing together the metering and measurement community to share best practice, explore innovation and connect with peers across the energy and water sectors: www.the-eic.com/EventDetail/dateid/4699
The 10th edition of our Survive & Thrive Insight Report has attracted a record number of entrants. Having now completed my interviews, I am constantly impressed by the depth of talent and the innovative strategies being deployed across our membership. I look forward to the full publication in July, followed by the World Energy Supply Chain Awards (WESCAs) in October. Thank you to all who participated and best of luck. We look forward to welcoming as many of you as possible at these upcoming events, where the team and I will be on hand and ready to support you however we can.
Ryan McPherson
Regional Director, Middle East, Africa, Russia & CIS ryan.mcpherson@the-eic.com
Regional news
Libya reopens upstream licensing, awards blocks to Chevron, Eni and QatarEnergy
Libya has awarded exploration licences to international energy majors including Chevron, Eni and QatarEnergy in its first upstream licensing round since 2007, as the state-owned National Oil Corporation seeks to revitalise the country's oil and gas sector. The awards cover onshore acreage in the prolific Sirte and Murzuq basins and offshore blocks in the Mediterranean, marking a tentative return of foreign investment after years of political fragmentation. Tripoli is targeting increased output and broader energy engagement despite ongoing challenges.
Kuwait signals major policy shift, invites international oil companies to compete
Kuwait is poised to open its oil sector to international oil companies in a significant policy reversal, with the government planning to allow foreign firms to compete for shares of production and investment previously reserved for the national oil company. The move aims to attract global capital and expertise to help boost production and modernise the industry, which has long been closed to external operators. The policy shift reflects broader efforts by Gulf producers to diversify partnerships and strengthen output amid evolving market dynamics and fiscal pressures.
Ryan McPherson
Radisson Blu Hotel Abu Dhabi
Asia Pacific news
Regional update
It is certainly not too late for me to wish all Muslims celebrating Ramadan a truly blessed and meaningful fasting month. May this sacred season renew our strength, deepen our gratitude and bring peace, good health and abundant goodness to you and your loved ones.
February was a packed month that brought us across the region, from Jakarta to Singapore, Brunei, Kuching and Miri, engaging industry partners, strengthening collaborations and advancing important conversations for our sector.
We began the month with a high-impact mission to Jakarta, Indonesia, engaging key stakeholders across the energy ecosystem. In just two days, we held 10 strategic meetings, including a productive session with the British high commissioner, alongside discussions with potential partners who share our ambition for regional growth. As we work to expand EIC's presence and visibility in Indonesia, while strengthening our advocacy role within the energy sector, the engagement and support of these organisations are not just valuable, they are pivotal.
We followed this with another in our Beyond Borders series in Bandar Seri Begawan, Brunei. It was pleasing to see approximately 60 participants not only from Brunei but also from Sabah, Sarawak and Peninsular Malaysia. We were also delighted to have the acting British high commissioner to Brunei, to grace the event and we had Petroleum Authority of Brunei Darussalam representatives in our programme.
In Malaysia, we had an engagement with Malaysia External Trade Development Corporation (MATRADE) to discuss our potential role in supporting Malaysian companies to expand into international markets beyond Malaysia's shores. We also had engagement with the National Energy Center, established to strengthen the nation's energy ecosystem, enhancing security and sustainability and we are exploring how EIC can support this aspiration and help promote the centre on a global platform. We also participated in two conferences, Safety Forward Conference in Kuala Lumpur and also Transwater Technology Engagement Day in Kuching, Sarawak where we moderated a panel session.
We also had another in the Beyond Borders series, this time in Singapore, attended by approximately 100 participants where we shared our market analysis and insights. It was good to connect with our members and partners in Singapore.
We are pleased to officially kick off EIC Connect Borneo and have already begun engaging key stakeholders in Sarawak as we gear up for the next edition in the series.
Following the success of our inaugural programme in 2025, we are setting our sights even higher with plans to deliver a bigger, more impactful event this time around. I am delighted to share that we have now locked in the dates 3-4 February 2027. Planning is already in full swing to curate an outstanding programme that will bring together industry leaders, meaningful dialogue and tangible opportunities for collaboration.
The first quarter has flown by in a flash and if this is how we're starting the year, the momentum ahead is truly exciting. The best is yet to come for the Asia Pacific region and we are just getting started.
Syed Saggaf, Regional Director, Asia Pacific syed.saggaf@the-eic.com
Regional news
Hiringa Energy reaches FID on Kapuni Project
Hiringa Energy has reached financial close on the Kapuni Green Hydrogen Project, which will be the first project in New Zealand to integrate wind, industrial renewable electricity supply and green hydrogen production at scale. The project will consist of a 25.6MW wind farm capable of generating approximately 100GWh per year and a 5MW capacity hydrogen electrolyser, which will be integrated with a nearby nitrogen fertiliser production facility and produce up to two tonnes of green hydrogen per day.
PTTEP has awarded MHB a contract for field development project in Sarawak
Malaysia Marine and Heavy Engineering (MHB) has secured a four-year offshore contract from PTTEP for marginal field development works in Sarawak. The contract covers engineering, procurement and construction (EPC) works for up to 11 wellhead platform (WHP) facilities. Each platform weighing between 1,500 and 2,000 tonnes, will be fabricated at MHB's yard in Pasir Gudang before being installed offshore Sarawak to support PTTEP's field development plans.
Syed Saggaf
North and Central America news
Regional update
Over the past few weeks, the North and Central America region has continued to bring together industry voices to exchange perspectives on the evolving energy landscape.
On 12 February 2026 we hosted the webinar Navigating US Energy Policy and Market Dynamics, creating space for a timely and thoughtful conversation around the drivers influencing the energy sector. Discussions ranged from supply chain pressures and EPC considerations to the longer-term outlook for the US market in a global context. We were grateful to hear insights from Rebecca Groundwater, head of external affairs, EIC and Neil Golding, director of market intelligence, EIC, alongside Travis Phoenix, vice president of new unit compression sales for the Americas, from Siemens Energy and to welcome such strong engagement from participants throughout the session.
On 24 February 2026 we also had the pleasure of welcoming delegates in Houston for our EIC Breakfast focused on opportunities with Fluor and Saipem. The morning offered practical insight into supplier engagement, qualification processes and how project pipelines are taking shape across North and Central America. The discussions reinforced the scale of activity ahead – spanning LNG, midstream, oil and gas and expanding the renewables landscape. It was made very clear the importance of early dialogue between operators, contractors and the supply chain.
Our sincere thanks to Danish Meghani, supervisor contract management at Fluor, and Roberto Di Silvestro, COO of Saipem Americas – offshore area manager for North and Central America (Guyana and Suriname), for sharing their expertise and perspectives. We also thank all attendees for contributing to open, informed and engaging conversations.
We look forward to continuing these discussions through our upcoming EIC events. More sessions are on the way and you can secure your place by registering via the link: www.the-eic.com/Events/Calendar
Will you attend OTC in Houston this year? The EIC will be at OTC 2026 hosting the UK pavilion and its Annual OTC Breakfast. Join the team on Monday 4 May at the Marriott Medical Center Museum District for a morning of insight, networking and forward-looking discussions on what's next for offshore energy in the US. To register, please click here: www.the-eic.com/EventDetail/dateid/4814
We look forward to seeing you soon.
Amanda Duhon
VP & Regional Director, North & Central America amanda.duhon@the-eic.com
Regional news
US advances offshore oil leasing plans for California
The US Bureau of Ocean Energy Management (BOEM) has initiated a public consultation on potential offshore oil and gas lease sales along California's southern and central coastlines. The proposal forms part of the Department of the Interior's latest five-year leasing programme, expected to begin in late 2026, with initial auctions potentially being held in 2027. Two areas have been identified, spanning from the US-Mexico border to Point Arena. The move aims to assess resource potential despite California's declining production.
Coal funding proceeds to support grid reliability
A new US federal directive is reinforcing coal-fired generation, including US$175m in Department of Energy funding for upgrades across six plants. The Tennessee Valley Authority will also delay coal plant retirements, while the Department of Defense is expected to secure power purchase agreements with coal facilities. As electricity demand rises, particularly from AI and data centres, these measures may extend asset lifespans and drive investment in coal infrastructure and emissions control technologies, reshaping the dynamics across US power markets.
Amanda Duhon
Photo © 2003-2026 Shutterstock, Inc
South America news
Regional update
2026 has been filled with successful webinars hosted by EIC South America and April brings one more: Understanding the Venezuelan Energy Landscape. This webinar will take place on 16 April and aims to provide a clear, comprehensive and informative overview of Venezuela's current energy sector, exploring its key challenges and current regional context. The initiative seeks to create a qualified space for knowledge sharing, with a strategic and informative approach.
As the FPSO sector continues to grow and evolve – placing Brazil at the centre of global activity – the EIC has secured preferential exhibition rates for members at FPSO Expo Brasil 2026, taking place in Rio de Janeiro on 19-21 May. The event will bring together key industry players to discuss the opportunities and challenges shaping the market.
Later in May, the EIC will also be present at Bahia Oil & Gas Energy in Salvador (27-29 May 2026), where it will host the EIC business lounge. This exclusive space is designed to encourage networking, business development and strategic partnerships, with pod exhibition opportunities available for member companies.
Venezuela's National Assembly approves oil reform
The reform of the Hydrocarbons Law that regulates exploration and production in the country relaxes Parliament's role in the creation of joint ventures and allows private companies registered in the country to operate directly in exploration activities, reducing the dominance of PDVSA. Approval required for the formation of joint ventures will now be granted by the executive, with subsequent notification to Parliament.
A 30% royalty rate remains in place, but the law allows for reductions to 20% for private companies and 15% for joint ventures with the state company. Rodríguez's government hopes the changes will serve as assurances for foreign investors. In parallel, the US has also eased sanctions on Venezuela's oil industry, though restrictions still block deals with companies linked to Russia, China, Iran, North Korea and Cuba.
Looking back at March, The Macaé Breakfast: OPEX Opportunities with Petrobras, Ocyan and OneSubsea, pictured above, brought together key industry leaders to discuss challenges and opportunities related to offshore production operations and maintenance. The event featured strategic presentations from representatives of Ocyan, OneSubsea and Petrobras, who shared valuable insights on ongoing projects, recent contracts and the outlook for OPEX activities in Brazil, fostering meaningful dialogue and strengthening connections across the energy supply chain.
Clarisse Rocha, Director – Americas clarisse.rocha@the-eic.com
Brazil declines participation in proposed critical minerals bloc
The government has decided not to join a proposed US-led alliance focused on critical minerals. Officials indicated that the country prefers to pursue diversified partnerships and bilateral arrangements rather than align with a specific geopolitical grouping. The administration also stressed the importance of strengthening domestic value chains, including processing and industrial development linked to minerals essential for energy transition, such as those used in batteries and electric vehicles. According to government representatives, the approach aims to preserve policy flexibility while positioning Brazil as a relevant supplier in global critical minerals markets.
Regional news
Clarisse Rocha
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