Inside Energy January 2025

EIC Inside Photos © 2003-2024 Shutterstock, Inc

Monthly news for EIC members THE VOICE OF THE ENERGY SUPPLY CHAIN January 2025

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Spotlight on technology Sector analysis Emerging technology across Borneo territory: Ocean Thermal Energy Conversion (OTEC)

Atlas Copco Ltd: the rise of AI in the industrial sector

Member’s news Worley supporting Shell in site conversion and renewable hydrogen production

www.the-eic.com

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Sector analysis Emerging technology across Borneo territory: Ocean Thermal Energy Conversion (OTEC) Sabah is a state located in the east of Malaysia, well known for its richness in marine biodiversity and tourism. The state has become the first to introduce a strategic blue economy policy framework, reaching a significant milestone to utilise the ocean resources in a sustainable way. The blue economy framework encompasses a range of activities including renewable energy generation, fisheries management, maritime transportation and tourism development. One promising area under Sabah’s blue economy framework is the exploration of alternative renewable energy sources, with Ocean Thermal Energy Conversion (OTEC) emerging as a key technology within these initiatives.

OTEC is a closed system cycle which utilises the difference in temperature between the warm surface seawater and the cold deep seawater to generate electricity. The technology requires a minimum of 20o Celsius difference between the surface and deep ocean temperatures. A heat exchanger (evaporator) is used to vapourise low boiling point fluid, such as ammonia, to drive a turbine connected to electrical generators. The vapourised fluid or the steam is then cooled using heat exchanger (condenser) cold deep-sea water, condensing it back into a liquid to repeat the cycle.

There are currently two operational OTEC demonstration plants in the world. Makai’s 1kW OTEC power plant in Hawaii which has the capacity to power approximately 120 homes as well as a second plant with 200kW located at Kume Island in Japan’s Okinawa Prefecture. Japan’s Ministry of the Environment aims to commercialise the Kuma Island OTEC plant on a 1MW scale by 2026.

Pilot projects are underway globally to develop OTEC plants.

In September 2019, the Korean Research Institute of Ships and Ocean Engineering (KRISO) laid out plans for a 1MW OTEC plant to be installed in Kiribati, South Korea. Moreover, plans are in place for a 10MW OTEC plant in Martinique.

Within Malaysia, significant OTEC research and development is being undertaken by universities such as Universiti Putra Malaysia (UPM) and Universiti Teknologi Malaysia (UTM OTEC) who have partnered with Japan’s Institute of Ocean Energy Saga University (IOES) to develop the first hybrid ocean thermal energy conversion (H-OTEC) at the UPMUTM OTEC centre located in Port Dickson, Negeri Sembilan.

The H-OTEC facility is expected to become a central hub for ocean-based energy research in the ASEAN region.

Earlier this year, Sabah extended its focus towards harvesting ocean energy by leveraging OTEC where the Sabah State Government has approved the OTEC Enactment 2024. This legislation provides a framework for the Energy Commission of Sabah to regulate and license the exploration, construction and operation of OTEC facilities within the state.

Moham e

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The development of OTEC aligns with the Sabah Energy Roadmap and Master Plan 2040 where OTEC is recognised as a key initiative under the plan. OTEC development is tipped to attract foreign direct investment, create jobs and foster technology breakthroughs in the region.

OTEC technology is still in its infancy meaning local companies will have a unique opportunity to ‘get their foot in the door’, while projects are still in the early stages.

Sabah’s extensive coastline, spanning 1,743km, presents significant potential, with estimates suggesting that up to 20,000MW of power could be generated through OTEC installations. This creates substantial opportunities for local SMEs to diversify their expertise into this emerging field within the region. The development of OTEC systems primarily involves components such as heat exchangers, turbines, generators and refrigerants with low boiling points such as ammonia. While some of these components may already be available, it is crucial for the supply chain to be prepared to support this technology. Given the harsh ocean environment, anti-corrosive materials such as titanium heat exchangers, are required to ensure the durability and efficiency of OTEC systems. Several companies have already demonstrated capabilities in the OTEC sector with the likes of Agro Kunststofftechnik and Mitsui OSK Lines (MOL), capable of manufacturing and supplying OTEC components such as piping systems and parallel type titanium heat exchangers respectively. Meanwhile, Xenesys Inc can provide services for feasibility studies, front-end engineering design (FEED) and project management.

Additionally, companies like Toyo Thai (TTCL), Makai Ocean Engineering and WavEC Offshore Renewables are wellpositioned to support the construction of OTEC facilities.

Based on the primary components, EICSupplyMap has identified 38 companies with the potential capability to distribute, manufacture and construct the equipment used for future OTEC projects. These companies include OEM companies such as Siemens Energy, Atlas Copco and Kelvion Ltd. Furthermore, as Malaysia aims to become a hub for renewable energy in South East Asia, OTEC’s potential to generate power and desalinated water aligns perfectly with the nation’s sustainable development goals.

By investing in OTEC and fostering local supply chain capabilities, Malaysia can lead in the blue economy, drive foreign investments and contribute to achieving net zero carbon emission targets. The collaborative effort between local companies, government agencies, research institutes and international stakeholders will be crucial in positioning Malaysia as a frontrunner in OTEC technology development.

Mohamed Azman, Supply Chain Analyst – APAC azman.shajahan@the-eic.com

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Inside this issue...

We’re excited to start another year with Inside Energy.

Of course, this is not the only EIC publication coming back in 2025: applications are currently open for the next instalment in the EIC Survive & Thrive Insight Report series. This year, our CEO Stuart Broadley and the senior team at the EIC will be conducting interviews with members for the ninth consecutive year to find out their success stories and figure out the state of the energy industry. As usual, participant companies in the report are automatically registered into our global awards programme. Don’t miss this opportunity.

If you want to know more, please visit www.the-eic.com /MediaCentre/Publications/SurviveandThrive We’re also working hard on new initiatives, such as Bankable Energies, the EIC’s latest major event that will bring together the global investment community, key project developers and policymakers to discuss the shift needed to attract investment and drive energy transition forward. The event will be taking place in London between on 26-27 February. To book your place, check out speakers and more, please visit www.the-eic.com/Events/BankableEnergies/Home This month’s sector analysis has been written by Mohamed Azman, supply chain analyst for the Asia Pacific region at our Kuala Lumpur office. Mohamed explores ocean thermal energy conversion (OTEC) as a key technology for alternative renewable energy projects currently under development in Malaysia’s Sabah state, located in Borneo. The island is the destination for our next edition of the EIC Connect event series, scheduled for next month in Kuching. Learn more by visiting www.the-eic.com/Events/EICConnect/EICConnectEnergyBorneo2025 In member’s news, we welcome Worley to discuss the company’s work with Shell for site conversion and renewable hydrogen production. Meanwhile, in spotlight on technology, Atlas Copco invites us to know how the company is integrating artificial intelligence into its operations.

Additionally, thanks to regional comments from our teams in Europe, the MENA region, Asia Pacific and the Americas, as well as news from our members, you can also keep up with the latest energy industry updates from around the world.

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Contents Sector analysis

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Inside this issue...

3

EIC databases

4

Member’s news

8

Spotlight on technology

9

New EIC members

10

Member news

14

Social media round up

23

Events calendar

24

Global events

26

International trade

27

UK news

28

Middle East news

30

Asia Pacific news

31

North America news

32

South America news

33

Survive and Thrive VIII

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@TheEICEnergy

EIC (Energy Industries Council)

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DataStream AUSTRALIA

Global opportunities FRANCE

MOROCCO

Gippsland (Ørsted 1) Offshore Wind Project

Methavert e-Methanol Project

Chbika Green Hydrogen Project

Operator: Ørsted Value: US$2.8bn Ørsted has awarded MMA Offshore a contract to conduct an offshore wind site survey off the coast of Australia.

The survey campaign is planned to start in Q4 2024 and extend through Q1 2025. Ørsted has selected Fugro to conduct a floating LiDAR measurement campaign.

Operator: Qair Value: US$500m Qair has secured a site at the Haropa Port in Le Havre, France, for the development of an e-methanol production facility.

The plant will have a capacity of 200,000 tpa of e-methanol.

Operator: TE H2 Value: US$2bn TE H2 has signed a Preliminary Land Reservation Contract for the Chbika project.

The project, located near Morocco’s Atlantic coast, aims to develop 1GW of solar and wind energy to produce green hydrogen through seawater electrolysis, ultimately yielding 200,000 tpa of green ammonia.

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For information on these and more than 15,000 other current and future projects we are tracking please visit EICDataStream

SURINAME

UAE

US

Block 58 Field Development (GranMorgu FPSO)

Hail & Ghasha Sour Gas Field Carbon Capture Project

Lotus Onshore Wind Farm

Operator: TotalEnergies Value: US$10.5bn Having recently announced a final investment decision on the project SBM Offshore has formally awarded several contacts. SBM has the EPC for the all-electric drive FPSO; Saipem has been awarded the EPCI for the SURF package; and TechnipFMC has the contract for the subsea production system.

Operator: ADNOC Value: US$500m Linde Engineering has signed an agreement with NEXTCHEM to deliver its carbon capture technology, HISORP® CC, to ADNOC’s Hail and Ghasha project in the UAE. Linde will provide its carbon capture technology along with essential core units, collaborating closely with NEXTCHEM, a subsidiary of the MAIRE Group.

Operator: Apex Clean Energy Value: US$200m Vestas has secured a 203MW order of model V163-4.5MW turbines for the Lotus wind farm project in the US. Vestas will also provide a 10-year term of turbine servicing. The wind turbines are expected to be delivered starting Q4 2025 and the commissioning is planned for Q1 2026.

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Need ayour demonstration of EICDataStream, Get inEICAssetMap. touch Share news and Globally the views... database now mapsEICAssetMap, over 40,000EICSupplyMap? operational assets across the energy sectors.

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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 eight regions, now covering the UK, Germany, UAE, Saudi Arabia, Malaysia, Singapore, US (Texas/Louisiana) and Brazil.

• An in-depth look at profiles of more than 8,800 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.

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BOOK A DEMO To learn more about EICSupplyMap visit www.the-eic.com/MarketIntelligence/EICSupplyMap

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Member’s news

www.worley.com

Worley supporting Shell in site conversion and renewable hydrogen production

Worley is supporting Shell on a project that will convert a hydrocracker into a production unit for base oils at the Wesseling site in the facility, near Cologne. The site plans to stop processing crude oils in 2025. The new base oil plant will have a production capacity of around 300,000 tonnes per year. This is equivalent to around 9% of EU and 40% of Germany’s demand for base oils, which are used in making high-quality lubricants such as engine and transmission oils.

By repurposing the hydrocracker and introducing a high degree of electrification, the project is expected to reduce Shell’s scope 1 and 2 carbon emissions by around 620,000 tonnes a year.

Worley was previously the primary engineering partner working on the assess, select and define phases of the project. Now, as the project moves into the detailed design and procurement stages, Worley’s efforts are focused on providing quality services needed to meet the necessary standards for functionality, safety and regulatory compliance. Work will continue to be based in Worley’s office in Cologne, supported by the business’s global integrated delivery team in Mumbai.

The electrolyser will be based on the 10MW electrolyser, REFHYNE I, which started up in 2021 and uses the same technology.

The REFHYNE II project recently achieved a final investment decision in July 2024 and in the longer term, renewable hydrogen from the project could be directly supplied to help reduce industrial emissions in the region as customer demand evolves.

Worley partners with customers to deliver projects and create value over the life of their assets. It bridges two worlds, moving towards more sustainable energy sources, while helping to provide the energy, chemicals and resources needed now.

These projects build on our long-term collaboration with Shell at its Energy and Chemicals Park Rheinland. Our deep domain knowledge of Shell’s asset, local delivery capabilities and sector expertise enables us to support Shell’s transformation efforts and investments.

We look forward to continuing to strengthen our longstanding partnership with Shell in Germany.

André van Drunen, Managing Director Germany, Worley Illustration © Worley

Worley, a global professional services company of energy, chemicals and resources experts, will support Shell with the transformation programme at its Energy and Chemicals Park Rheinland, converting the site into a base oil production unit and enabling the production of renewable hydrogen at the facility.

Worley is also working with Shell to enable renewable hydrogen production at the facility, with work carried out to provide early front-end engineering and design (preFEED), FEED, detailed design and integration services for the REFHYNE II project. This will see the installation of a 100MW electrolyser, expected to produce up to 44,000kg of renewable hydrogen every day, which Shell will use to decarbonise its operations.

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Spotlight on technology Atlas Copco Ltd Photo © Atlas Copco Ltd

www.atlascopco.com

THE RISE OF AI IN THE INDUSTRIAL SECTOR

With rapid advancements and investments, artificial intelligence is revolutionising assembly operations. AI is becoming a powerhouse in these operations and it is vital for companies to embrace it, rather than fear it, to thrive in the competitive industrial landscape.

Atlas Copco’s strategic integration of AI across its operations underscores the transformative power of digitalisation. Beyond using AI for visual inspections to reduce waste and enhance quality, Atlas Copco employs AIdigital training and collaborative robots (cobots) to empower workers and boost productivity. In the Portable Air Antwerp Product Company a cobot works alongside assembly teams, quickly becoming a dependable ally by handling repetitive and laborious tasks, fostering a dynamic work environment where humans and robots collaborate effectively to achieve shared goals. This drives efficiency and innovation to new heights. The integration of Internet of Things (IoT) for monitoring and control further optimises operations, while AI-driven predictive maintenance minimises downtime and extends machinery lifespan.

These new technologies are just the beginning, paving the way for higher efficiency and quality improvements in the future.

AI is generating an even greater demand for creativity and human-centric skills. While AI introduces more automation, it simultaneously increases the need for people skills.

In a recent article, Forbes highlights the necessity for creativity in the age of AI, suggesting that while AI handles repetitive tasks, human ingenuity remains crucial for problem-solving and innovation. The message is clear: AI is not a threat but a powerful tool that, when combined with human creativity, can drive unprecedented advancements.

By embracing AI and its myriad possibilities, businesses can enhance their manufacturing and warehousing processes while setting a benchmark for innovation in the industrial sector. As AI continues to evolve, those who recognise its capacity to drive innovation and creativity will remain competitive and meet future challenges head-on.

Atlas Copco Group enables technology that transforms the future. It innovates to develop products, services and solutions that are key to customers’ success. The four business areas offer compressed air and vacuum solutions, energy solutions, dewatering and industrial pumps, industrial power tools and assembly and machine vision solutions.

In 2023 the Group had about 53,000 employees.

Get in touch Any EIC members who wish to be profiled in this section please contact us...

Email info@the-eic.com

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New EIC members NEW GLOBAL MEMBER

NEW GLOBAL MEMBER

NEW GLOBAL MEMBER

BIE International Pte Ltd

Crescent Engineering FZE

2 Venture Drive Vision Exchange #07-05 608526 Singapore

10C02, I-Rise Tower Al Barsha Heights Dubai UAE

iNet – Infrastructure Networks Inc

Contact Li Shengtan, Corporate Manager – Business Development

Contact Julian Robert Hill, General Manager

Telephone +65 6250 0838

Telephone +971 4 268 8994

Email shengtan.li@bieint.com

Email jhill@crescent-me.com

Web www.bieint.com

Web www.crescent-me.com

BIE International Pte Ltd was established in 2017 focusing on third party inspection services worldwide, with offices in Singapore, China and Korea. The company’s services are managed by each of the local offices and report to the group. BIE has been certified to ISO 9001, 18001 and 14001 and accredited to ISO 17020 by demonstrating that it is technically competent and impartial to carry out inspection services.

Crescent Engineering, founded in 2015, specialises in process engineering solutions within the oil and gas sector, located in the central hub of the Middle East’s oil and gas industry.

In Asia, led by a team with more than 25 years of industrial experience, BIE International Pte Ltd has developed over 300 technical resources.

To ensure that they meet client requirements and BIE Asia standards, these field personnel have all passed the qualification process through BIE’s Skill Validation Programme.

In order to respond to the challenges encountered by the industrial inspection business, BIE has invested in the development of a complete digitalised inspection system, NOVAq, to fundamentally solve the challenges of transparency, completeness, accuracy and validity of the service and therefore enhance its value. BIE’s ultimate goal is to upgrade inspection services with less costs and assured quality through innovative technology in an innovative model.

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The company provides a range of packages, including gas treatment systems such as gas dehydration, separation, filtration and carbon capture, as well as a comprehensive suite of produced water treatment systems that encompass primary, secondary and tertiary treatment.

Additionally, Crescent Engineering serves as a global EPC supplier of oil and gas processing plants and packages, backed by highly skilled teams in value engineering and construction management.

The company’s EPC services can be offered individually or combined as a complete construction solution.

Crescent Engineering is committed to delivering high-quality solutions and processes worldwide to meet clients’ needs.

Email newsdesk@the-eic.com Phone +44 (0)20 7091 8600

Galleria Tower II 5051 Westheimer Road, Suite 1700 Houston, TX 77056 US Contact Hector Maytorena, Senior Vice President of Sales and Business Development Telephone +1 (832) 598 6600 Email hector.maytorena@inetlte.com Web https://inetlte.com/ iNet is a global communications and IT solutions provider, delivering an array of robust, reliable and secure connectivity solutions. iNet provides a wide range of last-mile solutions, from fibre to terrestrial wireless (LTE and microwave) and satellite (LEO, GEO and VSAT).

New EIC members

NEW PRIMARY MEMBER

NEW PRIMARY MEMBER

NEW PRIMARY MEMBER

Jennings Anodes UK Ltd

Superheat

Wave

Tatham Street Sunderland SR1 2AG UK

Unit 10, Station Place Merchant Park Newton Aycliffe DL5 6AA UK

Salvus House Aykley Heads Durham DH1 5TS UK

Contact Catherine Jennings, Operations Director

Contact Greg Miller, National Business Development Manager UK & IRE

Contact Simon Crane, Business Development Manager

Telephone +44 191 510 8843

Telephone 01462 888 003

Telephone 0333 207 9283

Email chris@jenningsanodes.co.uk

Email gmiller@superheat.com

Email scrane@wave-utilities.co.uk

Web www.jenningsanodes.co.uk

Web www.superheat.com

Web www.wave-utilities.co.uk

Jennings Anodes has over 50 years’ experience of manufacturing and supplying anodes, corrosion control products and electrodes.

The company has manufacturing bases in the UK, US and Asia.

Superheat was founded on the principle that cutting-edge technology can offer a Better. Safer.

Faster.™ way to provide onsite heat treatment services. Today, Superheat is one of the world’s most advanced full-service and induction rental heat treatment providers.

Wave is an award-winning national water retailer. The company supports all types of private and public sector organisations across the UK. It is the one-stop-shop for billing and support with business water and wastewater services.

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Wave works in partnership with its customers to help them drive down water wastage and save money on their water bills. Its innovative approach, combined with decades of experience in the industry, has contributed to Wave receiving the prestigious Water Retailer of the Year award twice in the last five years.

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EIC (Energy Industries Council)

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14

Member news ABB survey reveals most European companies want to shift from fossil fuels

More than 80% of respondents confirmed that they would only switch to SF6-free switchgear because of the regulations. The survey confirms that utilities and industrial customers face common challenges in this transition.

The transition away from fossil fuels is a priority for European energy utilities and industries alike, but there is a reality gap – the need for more investment to meet clean energy goals, according to a new survey conducted by ABB’s Distribution Solutions Division. European electrification purchase decisionmakers in France, Germany, Italy, Norway and the UK were surveyed, and more than half (51%) recognise that their organisations lack the resources to meet their commitments in the energy transition.

The challenges include controlling operational costs, managing infrastructure investments, addressing the need for a skilled workforce and implementing new solutions such as energy storage.

This research polled 850 electrification purchase decision-makers at a critical juncture in the energy transition.

The survey asked energy utilities and businesses about their energy transition drivers and risks, their views on automation and environmentally friendly technologies and their readiness to adopt regulations to reduce greenhouse gas emissions.

Adrian Guggisberg, Division President of Distribution Solutions, ABB

As digital components and software solutions become increasingly essential to electrical equipment, survey respondents also noted the need to improve cybersecurity measures to reduce associated risks.

To read the full survey report, Shaping Europe’s Energy Future: Key Transition Priorities, which also includes individual country findings, please visit ABB’s website.

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For more information: www.abb.com

Photo © 1995-2025 ABB

While facing the challenge of accelerating the energy transition, the European energy sector is preparing for a technology change in mediumvoltage switchgear, a key component in electrical energy distribution. Due to new regulations, sulfur hexafluoride (SF6), a potent greenhouse gas commonly used as an insulator in switchgear, will be gradually eliminated.

The shift towards clean energy generation, distribution and more efficient consumption is essential to combat climate change and secure a lowcarbon future.

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Amarinth secures US$1m order of API 610 pumps for Coral North LNG project in Mozambique Amarinth, a world-leading, net zero designer and manufacturer of low lifecycle cost centrifugal pumps and associated equipment, primarily for the offshore and onshore oil and gas industries; nuclear and renewable energy generation; defence; desalination; process and industrial markets, has secured a US$1m order for API 610 OH2 pumps with Plan 53B seal support systems for the Coral North liquefied natural gas (LNG) project in Mozambique.

This latest contract underscores Amarinth’s continued success in providing advanced, reliable pumping solutions for the burgeoning floating liquefied natural gas (FLNG) market.

The Coral North project builds on the significant gas reserves discovered in Mozambique’s Rovuma Basin, located over two kilometres beneath the ocean’s surface. The project is an extension of the Coral South floating liquefied natural gas (FLNG) platform, which began liquefying natural gas in October 2022.

Coral North will feature a second FLNG plant, anchored 10km from Coral South, and is expected to commence production in 2027.

The addition of Coral North is set to double LNG production from the Coral field, marking a major milestone in Mozambique’s economic development and its emergence as a key player in global LNG supply.

Member news

Photo © Copyright Amarinth 2003-2025

The cargo capabilities of the W-type, in particular, have been designed to meet rather specific client needs.

Those include transferring equipment, such as pallets with tools and spare parts, to offshore wind structures.

This led Ampelmann to design its system in a way that it can switch quickly between the three modes: cargo, trolleys and people transfer.

The Amarinth API 610 OH2 pump

This order adds to Amarinth’s growing worldwide portfolio of successful LNG projects, including Coral South (off Mozambique), Tortue (off Mauritania and Senegal) and Scarborough (off Western Australia), along with several other major installations. The company’s ability to consistently meet the exacting demands of such large-scale energy projects has secured its reputation as a trusted partner to the industry.

Amarinth’s involvement in the Coral North project further underlines its role as a key supplier of highperformance pumps for demanding offshore applications. The company continues to lead in the delivery of cutting-edge solutions that meet the evolving needs of the global oil, gas and renewable energy sectors.

Through its focus on innovative technology and a commitment to sustainability, Amarinth remains dedicated to helping organisations achieve both operational excellence and environmental responsibility.

Ampelmann completes transfers with new W-type tower gangway Ampelmann has successfully completed the first offshore transfers with its W-type system onboard the Olympic Boreas construction service operation vessel (CSOV). The gangway tower system was delivered to Ulstein Verft for installation on the CSOV, designed and built by Ulstein for Olympic.

The system, developed on the back of Ampelmann’s high safety standards and years-long expertise in offshore access, will start its tour of duty in offshore wind, contributing to an increased operational efficiency in the industry.

While the W-type is far from being the only tower gangway on the market, it was designed and developed as a result of the growing needs of clients to use trolleys in their operation, especially maintenance scopes, in offshore wind. Tailored to individual vessels, the system is electric, height adjustable and has a crane as well as a lift that can carry both personnel and cargo.

The W-type comes together with skilled, Ampelmann-trained operators, access to the operator training centre, 24/7 support through the company’s operation control centre (OCC), as well as project preparation, Ampelmann Insights, a data platform that provides insights into the operational performance of projects and after-sale support such as maintenance.

Over the course of this year, the company has already been training the first W-type client operators.

Ampelmann’s client operator training programme is part of its continued commitment to safety leadership in the offshore industry.

With modularity at its core, the W-type is built on the company’s new electric platform, which has become the stepping stone to electrifying the rest of the Ampelmann fleet. The building blocks are, therefore, in place. From here on out, it is all about working closely together with relevant stakeholders in the wind industry and understanding where the next challenges lie.

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For more information: www.ampelmann.nl

Photo © Ampelmann Operations BV

The pumps Amarinth will supply for the Coral North FLNG terminal are API 610 OH2 pumps with Plan 53B seal support systems, engineered to the latest 12th Edition standards, with additional motors and mechanical seals. To meet the rigorous safety and operational standards of the Coral North project, all electrical components will comply with IECEx certification for hazardous areas. Furthermore, strict quality requirements include radiography testing of critical components to guarantee long-term operational integrity in the harsh conditions of offshore LNG production.

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For more information: www.amarinth.com

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The Ampelmann W-type, integrated into the Olympic Boreas and ready for operations in the offshore wind market

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@TheEICEnergy

EIC (Energy Industries Council)

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Member news

Arup joins the Aramis project to deliver the Netherlands’ flagship CCS system

DNV Energy Transition Outlook: energy related emissions peaked in 2024

Global engineering and sustainable development firm, Arup, has undertaken front-end-engineering design (FEED) for technical tunnelling work on the Aramis project.

2024 will go down as the year of peak energy emissions, according to DNV’s Energy Transition Outlook. Energy related emissions are at the cusp of a prolonged period of decline for the first time since the industrial revolution.

Emissions are set to almost halve by 2050, but this is a long way short of requirements of the Paris Agreement.

The Outlook forecasts the planet will warm by 2.2°C by end of the century.

Petrofac, a leading energy services company, is taking overall responsibility for the FEED for the 32” CO2 trunkline, including onshore, landfall and offshore sections, together with the offshore CO2 distribution hub platform.

The Aramis project offers an essential new route to decarbonisation for hard-to-abate industries across Europe. The new carbon capture and storage hub will provide the infrastructure needed to transport captured industrial carbon emissions for safe and permanent storage in depleted gas fields in the Dutch North Sea. The Aramis project is part of an emerging global infrastructure system for capture and storage of CO2, with significant growth in CCS now taking place across mainland Europe as a result of new EU regulations on industrial emissions.

Arup’s work on the Aramis project provided in-depth design definition to enable the tendering of an engineering, procurement and construction contract to deliver the project’s pipeline landfall tunnel and had to overcome several construction and ground condition challenges, including how to retrieve the tunnel boring machine once construction of the tunnel is complete.

The new pipeline will span sensitive assets, including one of the busiest shipping lanes in the world connecting to the remaining pipeline to be laid within the seabed.

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For more information: www.arup.com

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ENERGY TRANSITION OUTLOOK 2024 EXECUTIVE SUMMARY A global and regional forecast to 2050

The peaking of emissions is largely due to plunging costs of solar and batteries which are accelerating the exit of coal from the energy mix and stunting the growth of oil. Annual solar installations increased 80% last year as it beat coal on cost in many regions. Cheaper batteries, which dropped 14% in cost last year, are also making the 24-hour delivery of solar power and electric vehicles more affordable. The uptake of oil was limited as electrical vehicles sales grew by 50%. In China, where both of these trends were especially pronounced, peak gasoline is now in the past.

China is dominating much of the global action on decarbonisation at present, particularly in the production and export of clean technology.

It accounted for 58% of global solar installations and 63% of new electrical vehicle purchases last year.

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And while it remains the world’s largest consumer of coal and emitter of CO2, its dependence on fossil fuels is set to fall rapidly as it continues to install solar and wind. China is the dominating exporter of green technologies although international tariffs are making their goods more expensive in some territories.

The success of solar and batteries is not replicated in the hard-to-abate sectors, where essential technologies are scaling slowly. DNV has revised the long-term forecast for hydrogen and its derivatives down by 20% (from 5% to 4% of final energy demand in 2050) since last year. And although DNV has revised up its carbon capture and storage forecast, only 2% of global emissions will be captured by CCS in 2040 and 6% in 2050. A global carbon price would accelerate the uptake of these technologies.

Wind remains an important driver of the energy transition, contributing to 28% of electricity generation by 2050.

In the same timeframe, offshore wind will experience 12% annual growth rate although the current headwinds impacting the industry are weighing on growth.

Despite these challenges, the peaking of emissions is a sign that the energy transition is progressing. The energy mix is moving from a roughly 80/20 mix in favour of fossil fuels today, to one which is split equally between fossil and non-fossil fuels by 2050.

In the same timeframe, electricity use will double, which is also at the driver of energy demand only increasing 10%.

The Outlook also examines the impact of artificial intelligence on the energy transition. AI will have a profound impact on many aspects of the energy system, particularly for the transmission and distribution of power. And although data points are currently sparse, DNV does not forecast that the energy footprint of AI will alter the overall direction of the transition. It will account for 2% of electricity demand by 2050.

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For more information: www.dnv.com

Member news

Element announces strategic acquisition of ISS Inspection Services

Ellis achieves a world first in sustainable cable management

Fugro starts site investigation and geoconsulting for German energy route

Element Materials Technology (Element), a global leader in testing, inspection and certification (TIC) services for highly regulated end markets, has acquired ISS Inspection Services, a leading provider of nondestructive testing (NDT), inspection and other special process services supporting the aerospace, space, energy and defence industries.

Yorkshire based Ellis Patents, a global leader in cable management solutions, has become the first company to achieve an environmental product declaration (EPD) for stainless steel cable cleats. This achievement highlights Ellis’ dedication to sustainability, providing customers with verified environmental impact data for its products across their lifecycle, including metrics such as global warming potential and resource depletion.

Fugro has been awarded a contract by ARGE R-M-L, a consortium comprising of Arcadis and ILF Beratende Ingenieure GmbH, to provide site investigation and consultancy services as part of the Rhein-Main-Link project. Rhein-MainLink is a 600km underground cable connection for transporting electricity from offshore wind farms in the North Sea to Germany’s Rhein-Main metropolitan region.

The EPD certification sets a new benchmark for environmental transparency in the cable management industry. By offering clear, comparable information about the ecological footprint of its products, Ellis supports its customers in making informed, ecoconscious decisions, furthering global decarbonisation efforts.

Our capability of combining a broad, integrated set of top level consultancy services is unique on the German market and critical to the successful implementation of this ambitious project.

Previously part of Industrial Service Solutions, ISS Inspection Services is comprised of four customer-facing brands: NIC Inspection Services, PTI Industries (both accredited by the Federal Aviation Administration), PRO Inspection Services and CTS Inspection Services.

Together, these entities serve almost 1,000 customers operating in the aerospace, space, defence and energy industries and provide advanced capabilities in NDT, inspection and special process services such as precision cleaning and coatings.

The company’s team of around 300 highly skilled employees work from one of its five facilities in the US, or directly at customers’ sites.

Through this acquisition, Element will be able to offer its customers more touch points in the fast-growing NDT ecosystem, particularly in the aftermarket (AM) and maintenance, repair and overhaul (MRO) subsectors, as well as new services through ISS Inspection Services’ special process services offering.

Headquartered in London, UK, Element’s 9,000 scientists, engineers and technologists work across a global network of over 270+ laboratories, supporting customers from early R&D, through complex regulatory approvals, and into production ensuring their products are safe and sustainable and achieve market access.

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In a strategic move to strengthen its commitment to environmental responsibility, Ellis has appointed Sonia Villalobos as its new environmental engineer. Sonia recently completed an MSc in Corporate Sustainability and Environmental Management from the University of York and brings a wealth of experience in environmental, health and safety (EHS) compliance, having worked across several highrisk industries in Mexico, the US and the UK. Sonia’s role will focus on monitoring and reducing Ellis’ environmental impact, with the goal of achieving net zero carbon emissions.

Her work will involve optimising processes, developing sustainable materials and embedding sustainability practices across the company.

Find out more about Ellis’ sustainability goals on its new website www.ellispatents.co.uk/sustainability

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For more information: www.ellispatents.co.uk

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Christian Peter, Senior Project Manager, Fugro

This high-performance cable route is a central element of Germany’s energy transition strategy, and Fugro’s role is to support navigating the route’s geographical, sociological and technical challenges to maximise the cable’s performance and minimise its environmental impact.

As a key partner to ARGE R-M-L, Fugro will provide a broad portfolio of consultancy services including project management; route planning support and environmental permitting; geotechnical campaign planning, evaluation and modelling; hydrogeological consulting; and soil protection. Fugro’s comprehensive services will cover two of the 10 planning approval sections of the 600km route and provide the critical insights and geo-data needed for the routing and design of the 525kV HVDC transmission line.

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For more information: www.fugro.com

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Member news

Fulkrum diversifies its service portfolio with new offerings Fulkrum, a leader in inspection, expediting, auditing and technical staffing services, is excited to announce the expansion of its service portfolio with the introduction of new offerings: Asset Integrity Management (AIM) services. These new AIM services enhance Fulkrum’s commitment to providing innovative, cost-effective solutions for both EPCs and owner/operators in the oil and gas, petrochemical and industrial sectors, further diversifying its capabilities in response to market needs.

Fulkrum’s Asset Integrity Management (AIM) services help organisations ensure the safety, reliability and performance of their physical assets. Their experts use advanced technologies and data analytics to assess asset condition, identify risks and develop strategies to optimise maintenance and extend asset life. By implementing a comprehensive AIM programme, Fulkrum is able to improve operational efficiency, reduce downtime and maintain compliance for its clients.

Fulkrum’s Asset Integrity Management (AIM) services portfolio offers a comprehensive range of solutions designed to enhance operational efficiency and asset longevity. These services include Risk-Based Inspection (RBI), Fitness for Service (FFS) assessments, Remaining Life Assessment (RLA), Corrosion Management Programmes (CMP), Corrosion Risk Assessment Studies (CRAS) and Pipeline and Structural Integrity Management (PIM and SIM). In addition, Fulkrum provides Reliability and Risk-Based Maintenance (RCM/RBM) strategies and Root Cause Failure Analysis (RCFA). By implementing these solutions, Fulkrum helps clients optimise maintenance strategies, effectively manage risks and extend the life of their assets.

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Backed by a globally experienced engineering team with expertise in the latest asset integrity management tools and methodologies, Fulkrum is well-positioned to deliver these services to clients around the world.

With a strong presence across key regions, including APAC, the Middle East, Europe, Africa and the Americas, Fulkrum continues to support its clients with a wide range of asset integrity solutions tailored to their unique needs.

These new services underscore our commitment to providing comprehensive turnkey solutions that meet the evolving needs of our clients. By expanding our service offerings, we are helping our valued partners make data driven decisions, reduce costs and maintain the highest levels of safety and environmental responsibility.

Brock Falkenhagen, Global Vice President, Fulkrum

Fulkrum provides comprehensive expertise in the provision of inspection, expediting, auditing and technical staffing services across the upstream, midstream and downstream oil and gas and new energy markets.

Established in 2011, Fulkrum operates in five key regions – the Americas, Europe, Africa, Asia Pacific, the Middle East, and has a proven track record working with some of the world’s leading operators, EPC contractors and service providers.

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For more information: https://fulkrum.com/

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HIMA Group appoints new regional management in Asia HIMA Group has appointed Yao Zhou as general manager for the China region and Luis Hernando Torres as general manager for the North and Southeast Asia region as of 1 October 2024.

The appointments are in line with HIMA’s strategy to strengthen customer proximity in key markets and to drive the expansion of the local sales, engineering and service setup.

Yao Zhou has 20 years of experience in various managerial positions in international companies. In 2016, she began her career at HIMA in China as head of human resources and steadily expanded the areas of finance and administration. In 2022, Zhou was appointed to the management board of HIMA in China, initially responsible for finance and administration, before being appointed interim managing director in January 2024.

Luis Hernando Torres is an electrical engineer with over 30 years of experience in the process industry, including sales, engineering and project management. In 2012, he started his career at HIMA as account director Latin America and was appointed sales director for Latin America in 2022. Torres has made a significant contribution to the successful development of HIMA’s business in this region. As general manager North & South East Asia region, he will take over the duties and responsibilities of Friedhelm Best, who has built up HIMA’s Asia-Pacific business since 2016 and will pursue his career outside the HIMA Group.

Brenda Moreno, who has successfully built up and established the HIMA partner programme in Latin America since 2020, will take over Torres’ duties as sales director.

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For more information: www.hima.com

Member news

McDermott awarded FEED contract in Mozambique McDermott, through a consortium with Saipem and China Petroleum Engineering and Construction Corporation, has been awarded a front-end engineering design (FEED) contract for the Rovuma LNG Phase 1 project in Mozambique, a joint venture between ExxonMobil Development Africa BV, Eni SpA and CNODC Dutch Cooperatief UA. The Rovuma LNG Phase 1 project represents a significant development for the country and provides an opportunity for economic growth.

The project includes liquefaction and export of natural gas extracted from the Offshore Area 4 fields off the Afungi Peninsula in Mozambique.

The FEED contract scope of work includes the modular design of a greenfield LNG production facility in Afungi, all associated gas pretreatment units and the utilities and offsite systems to support the LNG production. The plant will have an overall production capacity of 18m tons per annum (MTPA). The scope of work also includes the engineering, procurement and construction proposal.

Work on the project will be executed from McDermott’s office in London.

McDermott is a fully-integrated provider of engineering and construction solutions to the energy industry. Its customers trust its technology-driven approach engineered to responsibly harness and transform global energy resources into the products the world needs.

McDermott’s innovative expertise and capabilities advance the next generation of global energy infrastructure. Operating in over 54 countries, McDermott’s locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world.

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For more information: www.mcdermott.com

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nexos: rebranding to reflect growth and strategic shift in the energy industry Aberdeen-based energy solutions company, nexos, formerly known as Global E&C, has rebranded to reflect its refreshed purpose and strategy. nexos is a leading provider of engineering, procurement and construction (EPC) services within the conventional and emerging energy markets. The rebrand follows the acquisition of nexos

by SCF Partners, which has strategically positioned nexos into its D2Zero portfolio.

As part of the D2Zero group, nexos joins forces with other companies focused on clean energy solutions, including Hydrasun, Powerstar and Score, to drive decarbonisation and support the energy transition. nexos’ rebrand symbolises more than just a change of name; it reflects the company’s accelerated shift towards servicing nextgeneration energy markets.

While nexos is keen to expand its role in emerging energy markets such as hydrogen, carbon capture and renewable infrastructure, its core operations in traditional energy remain a vital part of the business. Offshore energy infrastructure continues to be a key focus with nexos supporting more than 33 offshore assets across the UKCS. This demonstrates nexos’ continued commitment to providing reliable, innovative operational solutions for the oil and gas sector as it evolves alongside the broader energy transition.

One of the key elements of nexos’ new direction is its recent acquisition of OSL Consulting Engineers, an engineering and design consultancy based in Hull.

This acquisition strengthens nexos’ footprint across the UK, enhancing its capabilities in both onshore and offshore projects. OSL brings a wealth of experience in next-gen energy technologies such as carbon capture, hydrogen fuel switching and electric vehicle charging infrastructure.

In addition to expanding its portfolio and geographical presence, nexos is also investing heavily in infrastructure to support its growth. The company has developed a state-of-the-art modularisation facility at Aberdeen Harbour, which includes direct access to Clipper Quay and an extensive yard space of approximately 15,000 sq m. This facility enables nexos to deliver innovative modular solutions for energy infrastructure projects, ensuring efficient execution and delivery of both oil and gas decarbonisation efforts and new energy developments.

We are committed to delivering innovative operational solutions that enhance and decarbonise existing energy assets while building the infrastructure required for new energy sources. nexos will focus on helping bridge the gap between our current and future energy systems through turning the best ideas into operational reality.

Terry Allan, CEO, nexos

With a headcount of over 1,100 employees working from facilities across the UK, nexos is well-equipped to deliver a broad range of operational solutions that support both traditional and next-gen energy markets. As part of the D2Zero group, nexos is ideally positioned to play a pivotal role in the UK’s evolving energy landscape.

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For more information: https://nexos.solutions/

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Member news

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Peterson Energy Logistics posts 2023 results Peterson Energy Logistics has announced its consolidated 2023 results which show reported revenues were €280m and EBITDA (earnings before interest, taxes, depreciation and amortisation) was €10m, an increase of 36% year-on-year.

There was a significant growth in Peterson’s operations at its Edzell and Shetland sites in the UK driven by major renewables and decommissioning projects, as well as long-standing partnerships with clients in the oil and gas sector.

During the 2023 financial year, Peterson Energy Logistics focussed on optimisation of operations and embedding of efficiencies to improve the sustainability of the business, making it well placed to realise the opportunities presented by new and emerging energy markets.

Contract extensions were signed with an integrated energy company, as well as with nuclear site Sellafield. There was significant work undertaken for an energy operator in the East Irish Sea, as well as with SSE Renewables for the Dogger Bank C and Sofia wind farms. In Den Helder, more than 190,000 tonnes were handled and there were 12,400 lifts for clients across the energy industry including two major offshore wind projects.

The 2023 results reflect rationalisation within Peterson Energy Logistics, which included the conclusion of operations in Trinidad and Guyana, in order to better position the business for targeted international growth.

Peterson Energy Logistics employs more than 850 people globally. It is a PAS2060 carbon neutral company with a goal zero ethos, committed to protecting its people, assets and environment. Peterson unburdens customers in the energy sectors through innovative, trusted logistics and technology solutions.

The reporting period for the results is for the 12 months ending 31 December 2023.

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For more information: www.onepeterson.com

Photo © Peterson Energy Logistics

The 2023 results include significant revenue associated with a contract supporting Vestas in the onshore development of the Viking wind farm in Shetland which was the biggest wind project in Europe that year. The contract, which was successfully completed in Q2 2023, saw Peterson’s Shetland team provide offloading, storage and transportation services for 103 onshore wind turbines with 21 vessel deliveries made and more than 1000 turbine components safely discharged from the company’s base in Lerwick.

In Q2, Peterson signed five plus year contracts with two major operators which added 80,000 marine tonnes to its Aberdeen operations and saw the appointment of 40 staff.

Roxtec launches new tank boundary solution for the maritime sector Leading cable and pipe seal manufacturer Roxtec is launching a new tank boundary sealing solution for the maritime sector, after it was used for the first time in the refit of a British naval vessel.

The unique Roxtec TB seal has been created for tank boundary divisions and other high-pressure applications, following extensive R&D work by its technical team.

The innovative Roxtec TB seal is equipped with Multidiameter, the manufacturer’s invention for flexibility based on removable rubber layers.

It has two halves with removable layers making it adaptable to cables and pipes of different sizes.

It has been used for the first time during the installation of an ice load monitoring system onboard the Royal Navy’s only icebreaker, HMS Protector.

It was the only sealing solution that was certified to meet the high requirements of Roxtec customer Kvasir Group when it came to both water-tightness and gas-tightness.

The new Roxtec TB seal has been tested for high pressure through a method the company has developed with classification society DNV. Roxtec has a long-standing relationship with Kvasir Group and the companies worked closely together to meet that challenge.

A major reason why Kvasir chose the Roxtec TB solution is the fact it is certified for both application and sealing requirements.

Roxtec representatives performed visual inspections after the cable seal installation work to ensure quality and safety and supporting information was shared with classification society DNV.

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The Peterson Energy Logistics board

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Photo © Roxtec Ltd

Member news

When sealing around cables and pipes where traditional solutions are not certified for use, it is critical to be able to ensure verified protection against water pressure, gas and fire.

Our new Roxtec TB seals have been several years in development. The tests that have been carried out confirm that they ensure tightness up to 6.6 bar for water and 1.2 bar for gas in tank installations. Jordan McNelly, Marine and Offshore Manager North, Roxtec

TTCL collaborates to develop SAF facility in Turkey TTCL Public Company Ltd has announced that it has received the FEED (front-end engineering design) and cost estimation agreement for a SAF (sustainable aviation fuel) plant utilising Honeywell UOP’s Ecofining™ technology, from DB Tarımsal Enerji Sanayi ve Ticaret AŞ, a major biodiesel and refined glycerol provider in Turkey.

Following the completion of the FEED phase, the project is expected to transition into EPC (engineering, procurement and construction), with TTCL also planning to carry out EPCm (engineering, procurement and construction management).

The air transport market in Turkey is expected to grow by 109% over the next 20 years, according to a report from the International Air Transport Association (IATA). Honeywell UOP’s Ecofining process, which was developed in collaboration with Eni SpA, is a proven technology that has been used globally since 2016 to produce SAF that can reduce greenhouse gas (GHG) emissions by up to 80% when compared to the emissions from fossil fuels. DB is a market leader in Turkey’s biodiesel industry and has established a procurement network for wastes, which will serve as raw materials in the development of SAF. The company plans to expand into the manufacturing and sales of nextgeneration aviation and marine fuels.

Representatives from TTCL, DB Tarımsal Enerji Sanayi ve Ticaret AŞ (DB) and Honeywell met in Istanbul on 8 October 2024 for a signing ceremony where DB also signed a license agreement with Honeywell UOP.

DB Tarımsal Enerji’s plant is expected to be one of the first commercial SAF plants in Turkey, using 100% domestically sourced wastes and seeds as raw material, with a production capacity of 100,000 tons annually or 397,500 lit/day.

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In addition to SAF, it will also produce bio-naphtha and renewable diesel.

DB will handle the raw material procurement. A project for a pretreatment plant is already underway and TTCL plans to manage this project separately.

TTCL has already secured the entire EPC contract for Thailand’s first SAF commercial plant, including the pre-treatment plant and the project is currently in progress and is based on Honeywell UOP’s Ecofining technology, employing an execution model that will save several months in project schedule.

TTCL’s recent achievements in the energy sector and transition to cleaner fuels are remarkable and its development as a pioneering engineering company in this field is expected to continue.

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For more information: www.ttcl.com

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Vysus Group, a global leader of technical and regulatory advisory services for the energy sector and other complex industries, has announced that it is expanding its world-leading power and energy systems expertise with the creation of a dedicated team in Barcelona to serve the European and UK market.

The consultancy, which is headquartered in Aberdeen, has been instrumental in the development of the renewable energy sector in Australia and has seen a significant increase in demand for its services in Australia, throughout Europe and in Asia.

In response, it is creating more than 10 new roles over the next 18 months, including a team lead, as part of a new European team which will support energy companies to navigate regulatory requirements, feasibility studies, grid impact assessments and project management.

As renewable energy deployment accelerates across Europe, the grid faces significant challenges. Outdated infrastructure and limited capacity are preventing full integration of renewable assets, creating bottlenecks that hinder progress towards clean energy goals.

Active in Europe, Vysus Group has offices in the UK, Denmark, Norway, Spain, Sweden and The Netherlands.

It provides engineering consultancy services across multiple sectors, including oil and gas, offshore wind and grid infrastructure. This expansion aims to strengthen its presence in the renewable energy sector.

As part of its continued global expansion Vysus Group is searching for senior consultants across the business from risk management to nuclear, finance to business development.

Anyone interested in applying should visit careers.vysusgroup.com

The acceleration of electrification on a global scale has seen demand for our services surge. The launch of a dedicated Power and Energy Systems team in Europe will enable us to enhance the support we provide to our clients throughout the world. We are expecting to create at least 10 new roles in our Barcelona office and follows the launch of a Power Systems team in India and Malaysia. There are several landmark projects in the pipeline which provide a fantastic opportunity for people to develop their capabilities.

Christopher Spencer, Vice President Power and Energy Systems, Vysus Group

WIKA pressure gauges and thermometers get a visual and functional face lift Stainless steel pressure gauges and mechanical thermometers from WIKA have been given a facelift. All visible elastomer parts are coloured in the brand’s characteristic blue. In addition, the gauges now have a QR code on the dial. This takes users directly to a standardised WIKA product passport with all the data on the instrument.

Thanks to the blue identity, the dial gauges can instantly be recognised as part of the WIKA portfolio. The window seal, the filling plug and the blow-out cap of mechanical stainless steel thermometers and pressure gauges are in the blue colour characteristic of the brand.

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For more information: www.vysusgroup.com

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Photo © 2025 WIKA Instruments Ltd

Vysus Group launches European Power and Energy Systems team

Photo Copyright © Vysus Group 2025

Member news

Illustration © John Wood Group PLC 2025

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Last but not least, this protects users from unauthorised imitations of WIKA products.

Not only the colour of the window seal has been changed, but also its contour, so that there are no longer any metallic surfaces inside the case. This eliminates the risk of reflection in unfavourable light conditions. The measured value can be clearly registered in any situation, especially outdoors.

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For more information: www.wika.co.uk

Member news Newmedia EIC members Social round up

Wood to deliver front-end engineering design for Singapore LNG expansion Wood, a global leader in consulting and engineering, has been awarded the front-end engineering design (FEED) contract for the development of Singapore’s second liquefied natural gas (LNG) terminal by Singapore LNG Corporation (SLNG).

This project will feature a floating storage and regasification unit (FSRU), a specialised vessel used for LNG and the first-of-its-kind deployed permanently for Singapore.

Intended to be located at the Jurong Port, the terminal will feature facilities for transfer of regasified LNG from the ship to the onshore gas transmission network. Wood will review the FSRU design and co-ordinate its integration into the onshore connecting infrastructure.

Over 50 Wood employees based in Singapore will be involved in delivering the project, with subject matter experts in Ireland and Scotland supporting on the marine infrastructure design and experts in Spain supporting on the FSRU design.

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For more information: www.woodplc.com

Social media round up

AEG Power Solutions introduces IGBT industrial UPS system Protect 8 PLUS

AEG Power Solutions (AEG PS), global provider of power systems and solutions for all types of critical and sustainable applications, has introduced a new range of We want to use every opportunity connect uninterruptible to power supply with (UPS) our members, so pleasesystems, followwhich us onfeature Twitter a full IGBT (@TheEICEnergy) and connect with on LinkedIn – architecture and us industrial-grade build to provide a safe power backup EIC (Energy Industries quality Council) to protect refining and petrochemical Below you’ll find a selection of some of the exciting industries, transportation EIC activities and useful industry information we’ve infrastructures, manufacturing and shared through our social media other criticalchannels. businesses against all power disturbances.

Protect 8 PLUS supports a standard three-phase input and is available as EIC (Energy Industries Council) single-phase or three-phase output Explore the latest report on the rapid from 10 to 40 kVA, with 216 Vdc or advancements in carbon capture and storage (CCS), 384 Vdc battery voltage. By the end of a crucial technology for the global energy transition. the/lnkd.in/eTBksbGh year, it will also support 60 to 120 Read the full report here https:/ kVA in both configurations.

Thanks to its IGBT rectifier, the system offers a high input power factor ofCouncil) up to 0,99 and very low EIC (Energy Industries harmonic current rejection on the Discover the latest trends in Asia’s input side (THDi) which makes it a dynamic energy sector: the region added 20GW of perfect fit in situations where the UPS capacity in 2024, led by solar, wind and innovative is supplied by a generator set or to floating solar farms. See https:/ /lnkd.in/eTBksbGh avoid harmonic perturbations of loads connected to the upstream busbar.

This results in substantial savings on the sizing of the upstream network.

Bankable EIC (Energy Industries Council) Energies The bi-directional rectifier also enables Bankable Energies 2025: join industry several battery capacity tests feeding Unlocking opportunities leaders in February and be part of the in sustainable back intoconversation the grid without using energy the 26-27 February 2025 that will drive the next generation energy additional bypass line,ofrequiring load projects forward https://lnkd.in/ev3Gdwj5 banks or affecting the load.

With the Protect 8 PLUS, AEG Power Solutions brings a new pre-charge system (patent filed) to the market, generates a very low inrush current of below two times the nominal current to optimise the upstream protection.

Protect 8 PLUS offers best in class performance with the built-in static bypass switch, offering a short-circuit capability of up to 1000% for 50ms, which is important for petroleum applications. On the inverter side it provides outstanding output short-

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January – February 2025

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8 January Business Presentation

5 February Regional Showcase

EICDataStream/AssetMap training

ETZ Offshore Wind Masterclass

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Marcliffe Hotel and Spa, Aberdeen

14 January Corporate Entertainment

5 February Business Presentation

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6 February Business Presentation

GCC Energy Market and Project Update

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EIC APAC: Indonesia Country Update

India Energy Week 2025

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22 January Business Presentation

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23 January Sector Showcase

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EIC Members Update

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EIC Europe and Head Office, London

28 January LIVE e-vents

18 February EIC CONNECT

Africa Market and Project Update

EIC CONNECT KSA 2025

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28 January Overseas Exhibition

19 February Corporate Entertainment

Hyvolution 2025

North America 9th Annual Clay Tournament

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29 January Business Presentation

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Global Events and Campaigns Global events update As a new year begins, the Global Events and Campaigns team at EIC is excited to support the global energy supply chain through a series of impactful events and campaigns. Here’s what’s

ahead in the coming months.

Bankable Energies 2025

Bankable Energies 26-27 February 2025 Leonardo Royal Hotel London Tower Bridge

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EIC’s brand new event Bankable Energies is set to explore the evolving landscape of financing sustainable energy projects. With a focus on derisking investments and enabling bankable solutions, this event will bring together key stakeholders, including industry leaders, financial experts and policymakers to discuss what can be done to increase the amount of low carbon and renewable energy projects obtaining financial investment decision (FID). Don’t miss this opportunity to delve into strategies that power the energy transition.

Speakers include EU Commission, Shell, Sizewell C, Equinor, Kellas Midstream, EET Hydrogen, EET Fuels, HSBC, Societe Generale, Santander, UK Export Finance, Flotation Energy plus many more. Visit: www.the-eic.com/Events/BankableEnergies/Home

3-4 June 2025 Jo Cam pbell P&J Live, Aberdeen Registration Opening This Month

ENERGY EXPORTS CONFERENCE TUESDAY 3 JUNE WEDNESDAY 4 JUNE P&J LIVE ABERDEEN

2025

26-27 February 2025 Leonardo Royal Hotel London Tower Bridge

Energy Exports Conference 2025

The highly anticipated Energy Exports Conference (EEC) returns on 3-4 June 2025 in Aberdeen and registration opens this month. Bringing worldwide delegations into Aberdeen, EEC 2025 will focus on showcasing global opportunities across the energy landscape, providing contractor updates, in-country opportunities, exhibition and meet the buyer meetings.

Access over US$200bn of global opportunities by registering for your free place this January and gain access to over a year’s worth of networking in just two days.

Includes actionable insights into key markets including the Middle East, Africa, North America, South America, Asia Pacific, Europe and many more.

Find out more here: www.the-eic.com/EEC Jo Campbell Director of Global Events and Campaigns jo.campbell@the-eic.com

EIC Event Solutions Are you looking to host an event and need help reaching the right audience?

EIC’s event management service is here to help. Our Event Solutions service provides and simplifies the entire event planning process and allows you access to key industry contacts. Get in touch with the team today to discuss how EIC can help support your next event: global.events@the-eic.com

Get in touch For more information contact...

Email global.events@the-eic.com • Phone +44 (0)20 7091 8600

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INTERNATIONAL TRADE UK AND EIC PAVILIONS 2025 The International Trade team is kicking off 2025 with a trip to Paris, as we host for the first time, the UK pavilion at Hyvolution, taking place on 28-30 January.

With low-carbon hydrogen emerging as one of the most promising solutions for meeting the challenges of climate change, Hyvolution is now one of the most unmissable events in the energy sector with over 500+ exhibitors.

Along with our partners Department for Business & Trade (DBT), Hydrogen Energy Association and Hydrogen UK, we look forward to welcoming 10 exhibitors to the UK pavilion – including Scottish Development International (SDI).

2025 also sees the return of two bi-annual shows, Offshore Europe and World Nuclear Exhibition (WNE).

Arguably one of the biggest energy shows in the UK, Offshore Europe is always a highlight for the International Trade team as we look forward to seeing many familiar faces walk the show floor.

Open to all companies, the EIC pavilion is in a fantastic prime location encompassing the full entrance of Hall 1, ensuring that all stands benefit from the maximum footfall of visitors entering and leaving the hall.

The show will once again take place in its home of Aberdeen, on 2-5 September.

Offshore Europe comes at a time when Europe’s upstream oil and gas is at a critical crossroads, with offshore opportunities gaining prominence amid growing energy security concerns and ambitious climate pledges.

To reflect the evolving nature of the industry pivoting towards a net zero future, key features for 2025 will include the Towards Net ZerOE Trail, Energy Transition Zone, The Hydrogen Hub and the Innovative Technology/Digital Zone.

We have limited spaces available in the EIC pavilion which is expected to once again sell out.

Following Offshore Europe, the International Trade team will return to Paris on 4-6 November to host the UK and EIC pavilion at the World Nuclear Exhibition (WNE).

WNE is the leading international event for all players in the Camilla civil nuclear industry, Tew bringing together professionals from the entire value chain who operate around the world and contribute to the excellence of the industry.

2025 promises to be an interesting year for WNE with the nuclear sector experiencing a resurgence of interest, driven by a number of factors. The global energy transition, coupled with the increasing demand for reliable and clean power sources, has reignited discussions around nuclear power. Additionally, advancements in small modular reactor (SMR) technology offers promising solutions for countries seeking to initiate or expand their nuclear programmes.

Over 23,000 visitors will be attending the show, offering a fantastic opportunity to showcase your expertise to the civil nuclear industry.

We have both shell scheme and pod exhibition options within the UK and EIC pavilion to suit your space and budgetary requirements.

Pavilion exhibitors across all shows in the EIC’s International Trade events calendar receive an exclusive package of benefits designed to maximise your presence including: • Group Lounge – a dedicated catered area to bring potential clients and host meetings.

• Networking Reception – the perfect opportunity to network with local key stakeholders in a relaxed setting.

• Group Publicity – promoted through industry publications, social media and e-shots prior to, during and post event.

• Ease of Logistics – dedicated project manager, stand builder and freight agent designed to take the stress out of exhibiting.

For more information or to book your place on any of the UK and EIC pavilions please contact: internationaltrade@the-eic.com Camilla Tew, Director, International Trade camilla.tew@the-eic.com

Get in touch If you are looking to raise your profile overseas, or break into a new export market please contact...

Email internationaltrade@the-eic.com • Phone +44 (0)20 7091 8600

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UK news LOOKING FORWARD TO 2025 Well, here we are, January already and I’d like to start by wishing all of our contacts and members our very best wishes for the new year. I hope you’ve all returned to your desks feeling refreshed and ready for the year ahead and having enjoyed some welldeserved downtime with your friends and family over the festive season.

2025 sure has a lot in store from the UK team and I wanted to share key dates for your diary to make sure you are prepared.

Survive & Thrive Insight Report 2025 Volume IX This is the ninth year where members can share their success stories through our consultative interview process. 134 members took part in Survive & Thrive VIII last year, and we’d love for even more of you to be involved this time around.

The process to take part is as follows: • Applications open in early January, please go to the EIC website to fill in the short online form to register your interest.

• The regional director in your region, or Stuart Broadley our CEO, will then schedule a 15-minute prep call to talk you through the process on Teams and we share the template interview questions for your review. Ideally, someone from your marketing/ communications team and anyone who is taking part in the interview should join this call to ensure you are well briefed.

• Following that, we book in a 90-minute Teams call to interview a member of your senior management team about your business’ strategy for success.

You don’t need to provide the polished marketing answers in advance of this call, but of course it helps if you have taken the time to think about some information/statistics you want to share, to show how you’ve measured your success.

During the interview we’ll take notes and write it all up afterwards.

• Once our editorial team have worked their magic, we’ll send the report back to you for approval and request relevant imagery and logos to complete it.

• And last but not least – we’ll agree which theme your strategy aligns best with – whether it be exporting, people & culture or perhaps digital –

Get in touch For more information contact...

Email eventsuk@the-eic.com • Phone +44 (0)20 7091 8600

and you’ll then be entered into the relevant categories at Kim Ste the National Awards phen Dinner later in the year. These are judged independently by our expert panel of judges and the best in each category will win a coveted World Energy Supply Chain Award #WESCAs

2025

Timeline Applications open January 2025 Applications close May 2025 Survive & Thrive IX publication July 2025 Judging of the applications August 2025 Winners announced 9 October 2025 Click here to find out more:

Event dates for your diary

Click here

North Sea Decarbonisation Conference

23-24 April 2025 The Minster Building, London

This year we are using a slightly larger venue with demand being so high last year. Expecting over 250 attendees and 20+ exhibitors, this two-day conference is a fantastic platform for not only learning about market updates and networking with your industry peers, but also raising your brand profile too.

Book your place: www.the-eic.com/Events/NSDC2025

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EIC National

Dinner

Thursday 9 October 2025 London

EIC NATIONAL

LONDON T H U R S D AY 9 O C T O B E R 2 02 5

Join us at our 71st awards ceremony where we will celebrate success and excellence in our industry.

Over 420 delegates joined us last year, so make sure you save the date and join us in October for a brilliant evening of networking. If you’re entering the Survive & Thrive process who knows, you might be in with a chance of winning an award too!

Please visit our website for more details: www.the-eic.com/Events

EICCONNECT UK&I Energy Thursday 20 November 2025 Manchester

Thursday 20 November 2025 Manchester

•

CONNECT UK&I Energy

The Connect brand is well known to many across EIC membership and we are delighted to say that it’s making a UK return. Expect a day filled with project opportunities being discussed, the chance to meet one-to-one with the speakers, as well as exhibition platforms too. This one day event in Manchester is not to be missed as the go to event for UK energy sector supply chain opportunities. Book your place: www.the-eic.com/EventDetail/dateid/4429

A big EIC thank you to…

our colleagues and friends at DNV, the EIC’s UK 2024 principal partner for their support and insight across the course of last year. Working with the DNV team to deliver a programme of events including the North Sea Decarbonisation Conference, a session focussed on skills for the future, delving into the detail on what’s next for the north west region as well as sharing insights and findings from their Energy Transition Outlook has been so very well received by the energy sector and our members. We look forward to continuing to work closely with the DNV team into this year and beyond.

Kim Stephen, Regional Director, UK kim.stephen@the-eic.com For the full event listing please visit the EIC website www.the-eic.com/events Many of our events have exhibition opportunities and partnerships packages to suit all budgets; please reach out to our UK Events Partnership Manager Hannah Wood hannah.wood@the-eic.com to learn more.

For the full event listing please visit...

www.the-eic.com/events

@TheEICEnergy

EIC (Energy Industries Council)

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Middle East news Regional update On behalf of everyone in the office, we extend our heartfelt wishes for a healthy, happy and prosperous 2025 to you, your families and your businesses.

May this year bring success, Ryan M cPhers on growth and opportunities that allow your business to thrive like never before.

Building on the success of delivering over 40 impactful events last year, we are committed to continuing that momentum in 2025. Alongside providing you with unparalleled market intelligence, we aim to offer a diverse range of networking opportunities throughout the year, ensuring you have every chance to connect and grow your business.

We are thrilled to announce two major EIC Connect events scheduled for the first half of the year. Building on the incredible success of last year’s event, EIC Connect KSA returns on 18 February 2025, once again in partnership with the Asharqia Chamber in Dammam. Additionally, EIC Connect UAE will return on 20 May 2025, giving you two key dates to mark in your calendar. Our popular GCC, CIS and Africa Market and Project Update webinars will also continue, delivering high-level market intelligence to support your business growth. Alongside this, our exclusive inviteonly Roundtables will remain a cornerstone of our networking initiatives, providing unparalleled opportunities to network.

We’re excited to announce that applications will soon open for the ninth edition of our EIC Survive & Thrive Report, culminating in the highly anticipated regional World Energy Supply Chain Awards (WESCAs) later this year. This event has consistently been one of the highlights of the year, offering a unique platform for companies to showcase their achievements and share their remarkable journeys over the past few years. Don’t miss this incredible opportunity to shine.

It is with mixed emotions that we announce this year will mark the conclusion of over 15 years of loyal service from our incredible office manager, Helen Aittis. Helen and her husband, Graham, will be relocating back to the UK as he embarks on a new role. Helen’s unwavering strength, dedication and positivity have been the cornerstone of our team and her invaluable contributions will be deeply missed. Thankfully, there’s still time to celebrate Helen and her remarkable tenure, with our Annual Golf Day on 6 March 2025 serving as her swansong. Let’s make it a memorable farewell.

We hope you’re starting the year with as much energy and enthusiasm as we are. We’re excited to support your organisation and look forward to connecting with you at our events throughout the year.

Ryan McPherson Regional Director, Middle East, Africa, Russia & CIS ryan.mcpherson@the-eic.com Get in touch Share your news and views...

Email newsdesk@the-eic.com Phone +44 (0)20 7091 8600

IMPORTANT ANNOUNCEMENT FROM THE SAUDI MINISTRY OF COMMERCE The Saudi Ministry of Commerce is urging all companies to adopt the recent Amendments to the Articles of Association to comply with the new companies’ law before the deadline on 18 January.

Al Suwaiket & Al Busaiyes law firm (SB), an EIC member from the Kingdom of Saudi Arabia, would be glad to provide and guide companies to comply with the new companies’ law and ensure documents are updated accurately. Visit www.sbsaudilawyers.com

Regional news

Angola plans to sustain 1.1m BPD oil production through to 2030 Angola intends to maintain its oil output at 1.1m barrels per day until 2030 to support economic growth.

The government is encouraging new investments in the hydrocarbons sector by offering incentives to attract investors. This strategy aims to stabilise production levels and bolster the nation’s economy.

ADNOC secures 15-year LNG supply agreement with Germany’s SEFE The Abu Dhabi National Oil Company (ADNOC) has signed a 15-year sales and purchase agreement with Germany’s SEFE for liquefied natural gas (LNG) from the Ruwais project. Deliveries are expected to commence in 2028, aligning with ADNOC’s strategy to expand its LNG production capacity and strengthen energy ties with Europe.

Forthcoming events Please go to page 24 to see upcoming events around the world

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Asia Pacific news Regional update On behalf of the EIC APAC team, I would like to extend our warmest wishes to you, your families and your businesses for a happy and prosperous 2025.

Regional wwnews w

Azman

Nasir

We are excited to kick off the new year with the EIC APAC Annual Breakfast on 14 January 2025, setting the stage for an impactful year ahead. This event will bring together industry leaders for a comprehensive 2025 market outlook by EIC’s regional analysts, along with insightful presentations by key stakeholders highlighting supply chain opportunities. Attendees will also enjoy a casual networking session designed to foster collaboration and spark partnerships.

Looking ahead to February, EIC APAC will host our flagship event, EIC Connect Energy Borneo 2025 on 25-26 February in Kuching, Sarawak. This event will highlight the energy sector across Sabah, Sarawak, Brunei and Kalimantan, showcasing current and upcoming energy projects in the region.

The conference aims to attract international participation and investment while promoting cross-border partnerships to accelerate the energy transition. Key discussions will focus on business opportunities in the Borneo energy market, with an emphasis on companies driving innovation, achieving net zero targets and advancing decarbonisation efforts to meet global climate goals.

The event is proudly supported by the Ministry of Energy and Environmental Sustainability Sarawak (MEESty) and the Office of the Premier of Sarawak, with similar high-level support anticipated from senior officials in Sabah, Brunei and Kalimantan.

Throughout 2025, EIC APAC will also continue our Meet the Energy Players series, expanding beyond Malaysia to key regional markets such as Singapore, Thailand, the Philippines and Indonesia. These sessions will connect member companies with influential energy players, including state-owned enterprises, major operators and EPC contractors. Additionally, member companies will have the opportunity to showcase their latest solutions and innovations in sustainability and energy transition, further fostering collaboration and growth within the energy sector.

We look forward to welcoming you to our events in 2025 and working together to drive success in the year ahead.

Azman Nasir Head of Asia Pacific azman.nasir@the-eic.com Sign up for the EICOnline newsletter

Visit www.the-eic.com/Forms/NewsletterSignup

Petronas makes RM7.5bn investment in Pengerang Integrated Complex Petronas has announced new investments totalling RM7.5bn at the Pengerang Integrated Complex (PIC).

The Johor chief minister outlined key projects within this investment, including a 40MW solar energy project, a collaboration between Petronas Chemicals Group Bhd and LG Chem for nitrile butadiene latex production, a cutting-edge chemical recycling plant for plastics and the development of a bio-refinery, projected to be operational by 2028.

PT PLN invites bids for partners to joint development of three WKP geothermal areas PT PLN (Persero) invited bids for qualified and experienced partners to jointly develop three of PLN’s Geothermal Working Areas (WKP) in Indonesia. The WKP included in the tender are WKP Tulehu (20MW), WKP Mt Tangkuban Perahu (40MW) and WKP Mt Ungaran (55MW). The scope of the work will include drilling activities, feasibility studies, construction of the plant, energy conversion and operation and maintenance of the geothermal plant for the selected company. PLN is responsible for obtaining permits, acquiring land and constructing drilling infrastructure according to the design proposed by the project company. The tender deadline was 18 November 2024. It is understood that PT PLN has completed preparing detailed 3G studies (geology, geochemistry and geophysics) for the Geothermal Working Areas and drilled five exploration wells in WKP Tulehu.

EIC Newsbriefs membership@the-eic.com Keeping you up to date with energy news from around the world

@TheEICEnergy

EIC (Energy Industries Council)

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North and Central America news Regional update Happy new year to all. As the North and Central America region rings in the new year and prepares to bring members and non-members an array or regional events, we reminisce on events that Amand a Duho n took place in November 2024: North & Central America Market Update series: US GoM Decommissioning and North & Central America Business Briefing series: Petrofac 2024.

0n 5 November, the region welcomed EIC analysts, Tom Bacon, Market Intelligence Manager (OPEX), EIC; Christopher Shirley, Market Intelligence Manager (Supply Chain), EIC; and Navied Sadeghi, Business Development Manager, EIC. During this online session, the EIC team discussed the state of play of decommissioning in the US and EICAssetMap’s capabilities around this matter. On 12 November, EIC members and non-members joined Petrofac at its offices as an instalment in the 2024-2025 Business Briefing series. This in-person event allowed the EIC community to network with Petrofac representatives, the EIC team and hear a presentation from Petrofac covering decommissioning, subcontract management strategies and how to become a Petrofac supplier. A special thank you to the Petrofac team for its time and for hosting the EIC: Iain Murray, President, Petrofac; Natalia Lawson, Digital Integration & Communications Manager; Gregory Hasenbein, Supply Chain Manager; and Craig Grabein, Program Director – Project Boomerang.

In addition to hosting our own regional events, the EIC business development team had the opportunity to attend several Louisiana focused external events. Madison O’Malley, Business Development Manager, attended The International Work Boat Show and the Louisiana Oil & Gas Association (LOGA) November member luncheon. Navied Sadeghi, Business Development Manager, also attended the HAPL and LOGA joint luncheon. We look forward to continuing to build the EIC’s Louisiana presence.

Register for our region’s upcoming 9th Annual Clay Tournament. To learn more about this event on 19 February 2025, please visit www.the-eic.com/ EventDetail/dateid/4263 or email houston@the-eic.com to learn how your team may join. Seats are very limited.

To view the available remaining sponsorship packages, and their benefits, please visit chrome-extension:// efaidnbmnnnibpcajpcglclefindmkaj/https://www.the-eic. com/Portals/0/Website/Documents/9th-Annual-EICClay-Tournament-2024-Sponsorship-Packages-2.pdf Amanda Duhon VP & Regional Director, North & Central America amanda.duhon@the-eic.com Get in touch Share your news and views...

Email newsdesk@the-eic.com Phone +44 (0)20 7091 8600

EIC North and Central America Business Briefing series: Petrofac 2024

Regional news

Oil and gas stocks post gains as Trump marches back to the White House With the recent US election results, energy players are preparing for a significant shift in US energy policies.

Trump’s rejection of renewable energy sources and the global energy transition poses a threat to the development of these projects. On the other hand, a more oil and gas-friendly approach is expected by the market, which generated gains in trading for the four largest operators in the US on the day the election results came out. Furthermore, the US LNG industry is hopeful for changes to the permitting process from both the Department of Energy (DOE) and the Federal Energy Regulatory Commission (FERC), which would speed-up approvals and lift the Biden administration’s restrictions on LNG projects. At the same time, threats of increased tariffs and other protectionist measures are causing concern among international energy actors, which could lead to a cascading effect on US production costs and introduce further barriers to global energy trade.

Forthcoming events Please go to page 24 to see upcoming events around the world

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South America news Regional update Happy new year everyone.

To kick off 2025, EIC South America already has two events confirmed.

On 30 January we’ll have the first Breakfast in Rio Clariss of the year, Offshore E&P e Roch a Opportunities with Seatrium.

The company stands out as a leading global player with extensive engineering expertise in the offshore, marine and energy industries. With three operational shipyards in Brazil, Seatrium’s ever-growing portfolio with Petrobras involves the provision of EPC services for four new floaters to produce over 850,000 barrels of oil per day across pre-salt fields Búzios and Mero.

Our third Macaé Breakfast will be held in February and the guest company will be Transocean. Based in Switzerland, it is one of the leading international companies providing offshore contract drilling services for oil and gas wells.

In September 2023, Transocean announced the signing of a contract worth US$486m with Petrobras for the chartering of the Deepwater Aquila drillship for a period of three years. Transocean’s operational portfolio in Brazil already comprised several other drillships performing work for Petrobras in the Campos and Santos basins.

Regional news

Colombia attracts global interest in Latin America’s first offshore wind tender Seven international companies and two local firms are expressing preliminary interest in an offshore wind tender for a project proposed off Colombia’s northern Caribbean coast. Among the companies are Colombian state-owned Ecopetrol and power company Celsia, along with foreign participants like Spain’s BlueFloat Energy, Denmark’s Copenhagen Infrastructure Partners, Belgium’s Jan De Nul and DEME, China’s PowerChina and China Three Gorges and the UK’s Dyna Energy.

The country’s ministry anticipates formal bids to be issued within 1H 2025 and plans to allocate maritime zones for the project capable of generating between 1GW and 3GW. This tender marks the first offshore wind energy initiative in Latin America and represents a key element of Colombia’s strategy to transition from fossil fuels, particularly in its Caribbean coastal regions.

Back in November, the EIC Regional Awards South America was a very rewarding experience. The event celebrated the excellence of companies that stood out in the global supply chain in the energy sector, all participants in the 2024 EIC Survive & Thrive report. The guest speaker, Isabel Swan, professional sailor and Olympic medalist, made a speech about resilience, collaboration, transformation and growth, topics that also reflect the day-to-day life of our industry. Congratulations to the winners, below, and all the participants. Let’s make 2025 even more successful.

Culture & Collaboration Vaz e Dias Advogados & Associados Innovation & Digital Metalcoating – Revestimentos Anticorrosivos Diversification & Export LHR Brasil – Ecossistema de Segurança Technology & Sustainability Pix Force Resilience Hausthene Poliuretanos Transformation EquipSea Equipamentos e Serviços Industriais People and Service & Solutions High Supply Energy Scale Up One Nature Clarisse Rocha, Director – Americas clarisse.rocha@the-eic.com

76 project proposals received in Brazilian SAF public call A joint public call organised by the Brazilian Development Bank (BNDES) and the Financier of Studies and Projects (Finep) resulted in business plans being applied for 76 clean aviation and maritime fuels projects. Added together, the projects demand an investment of up to US$29bn (US$20.9bn from 43 SAF projects and US$8.9bn from 33 maritime fuels projects). The initiatives will be assessed by the duo as part of a selection process for up to R$6bn (US$1bn) in resources, that will be available to support research, technological development, engineering projects, pilot plants, working capital as well as the acquisition of machinery and equipment. Results are expected in early 2025.

EIC Newsbriefs membership@the-eic.com

Sign up for the EICOnline newsletter

Visit www.the-eic.com/Forms/NewsletterSignup

Keeping you up to date with energy news from @TheEICEnergy EIC (Energy Industries Council) around the world

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Survive &

EIC Insight Report 2024 Volume VIII

www.the-eic.com

Survive & Thrive VIII

Survive & EIC Insight Report 2024 Volume VIII

In its 8th year, EIC’s Survive & Thrive initiative continues to research the 15 most popular growth strategies used by the world’s energy supply chain in challenging market conditions. Each year reveals new and important findings, such as the conundrum of record growth, with 96% of companies forecasting record revenues in 2024, offset by clear and worrying growing geopolitical and policy uncertainties, resulting in more cautious decision-making by energy bosses, which hampers investment.

The EIC Awards Programme

The report features success stories and insights from 134 member companies and underscores the need for clearer policies and trade agreements to support market expansion. It reflects that leaders are now more committed than ever to pursuing the energy transition, with or without total policy clarity, but just not on pace with 2050 net zero timelines.

AWARD CATEGORIES

Exporting to new markets remains the least used growth strategy due to excessive risks, cost and time to market.

Companies call for more government support and funding with market access. The #1 growth strategy is to develop client-facing solutions and services, with 82% of these companies now working directly with operators, increasingly side-stepping the Tier 1 EPC contractors.

Environmental Sustainability

Please see our success stories overleaf or visit the EIC website to view the complete report

Service & Solutions

www.the-eic.com/MediaCentre/Publications/SurviveandThrive

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 report, EIC member companies can demonstrate how they faced a specific challenge and introduced a new business solution or any initiative that drove successful results.

Collaboration Culture Digital Diversification Energy Transition Export Innovation Optimisation People & Competency Resilience Scale Up Technology Transformation

The WESCA winners 2024

Find out more here www.the-eic.com/MediaCentre/Publications/SurviveandThrive

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Contact us

LONDON HOUSTON

DUBAI KUALA LUMPUR RIO DE JANEIRO

EIC Europe and Head Office

89 Albert Embankment London SE1 7TP UK Tel +44 (0)20 7091 8600 Fax +44 (0)20 7091 8601 Email info@the-eic.com

EIC Middle East

PO Box 54455 Office No 5WA 228 West Wing Building 5A Dubai Airport Free Zone Dubai UAE Tel +9714 299 3945 Email dubai@the-eic.com

EIC Asia Pacific

Lot 17-01 Level 17 Menara HLA No 3 Jalan Kia Peng 50450 Kuala Lumpur Malaysia Tel +603 2725 3600 Email kualalumpur@the-eic.com

@TheEICEnergy

EIC North and Central America

PO Box 30557 Houston Texas US 77249 Tel +1 713 783 1200 Email houston@the-eic.com

EIC South America Ed. Manhattan Tower 26th Floor Avenida Rio Branco 89 20040-004 Rio de Janeiro - RJ Brasil Tel +55 21 3265 7400 Email rio@the-eic.com

EIC (Energy Industries Council)

www.the-eic.com