Inside Energy June 2020

EIC Inside Monthly news for EIC members June 2020

Sector analysis Exploring the role of SMRs in the UK

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Sector analysis Small

modular reactors The UK’s confidence in nuclear power is making a comeback, with plans to ‘revive the UK’s nuclear expertise’, starting with the development of small modular reactors (SMRs). Nuclear energy currently generates around one fifth of the country’s electricity, a tried and tested source, and being a low carbon energy choice, nuclear power plants will play an important part in the UK’s climate goals.

There has been a global interest in SMRs due to their ability to meet flexible power generation demands. They are defined by their capacity to produce up to 300MW of electric power. There has been a move to develop smaller units, as they can be manufactured offsite and delivered to location for final assembly. This results in less onsite construction, heightened nuclear security and increased containment efficiency, allowing for shortened construction time and more affordable production costs. It is particularly useful for introducing nuclear power generation in remote regions with less developed infrastructure. Remote locations often have variable power generation needs.

Compared to large conventional reactors, SMRs have greater control, generating lower amounts of electricity when demand is reduced. SMRs display an enhanced safety performance through inherent and passive safety features, offering a renewed interest in this sector. There are about 50 SMR designs and concepts globally. Most of them are in various developmental stages and some are claimed as being near-term deployable.

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The UK government first expressed interest in SMRs in the 2013 Nuclear Industrial Strategy. Since then, support of earlystage SMR research and several assessments have been produced. Key milestones are a study in 2014, identifying the opportunity to introduce SMRs in the UK, the publication of the Nuclear Sector Deal in 2018 ensuring the UK’s nuclear sector remains cost competitive with other forms of low-carbon technologies and the proposal of the Low-Cost Nuclear Challenge by a Rolls-Royce led consortium in 2019.

The Low-Cost Nuclear Challenge aims to develop a SMR designed and manufactured in the UK, installed in former nuclear sites in Cumbria or in Wales. An initial £36 million joint public and private investment will allow the design to be developed further, with an aim to build 10-15 stations in the UK. The developed design is based on optimised and enhanced use of proven technologies that presents a class leading safety outlook and attractive market offering with minimum regulatory risk. The SMR would be a three loop, close-couple, pressurised water reactor, providing a power output at around 400-450MW, primarily intended for electricity production, but can also support heat requiring or cogeneration applications. Rolls-Royce have said: “The certainty behind our UK SMR technology is the foundation of a sound business case for owners, operators, utilities and governments. Knowing build costs and the price of the electricity generated makes nuclear energy an option for those who wouldn’t otherwise be able to afford it.”

Big things lie ahead for the UK nuclear sector.

Joanne Sivanathan Energy Analyst joanne.sivanathan@the-eic.com Designed and published by the Energy Industries Council 89 Albert Embankment, London SE1 7TP Tel +44 (0)20 7091 8600 Fax +44 (0)20 7091 8601 Email info@the-eic.com Web www.the-eic.com @TheEICEnergy EIC (Energy Industries Council)

Rolls-Royce

Although there is pushback with the implementation of SMRs, with talk of financing challenges and licensing issues; companies and scientists backing the development of SMRs say that the technology offers a new way forward for nuclear power, one that overcomes many of the drawbacks of traditional, larger reactors. It is strongly believed, by industry professionals, that small modular reactors will play a fundamental role in the energy transition to a low carbon future and has the potential to transform the nuclear energy industry.

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Inside this issue...

In this month’s issue as we continue to enter challenging times, we are supporting our Lucy C hakao dza members and their businesses through our series of EIC LIVE e-vents, sharing advice, project opportunities and market updates from around the world.

A lot of activity is happening in the MENA region, on 1 June the team in UAE is organising a webinar in collaboration with EIC members HKA and Addleshaw Goddard who will present on causes of disputes on oil and gas projects in a low oil price market.

The data presented in the webinar will be compared to what we are seeing in the current oil and gas market given the dual impact of the low oil price and COVID-19.

The webinar will also cover suggested courses of action to avoid the causes of disputes and how to manage such disputes if they arise, both from a contractual and legal perspective.

On 23 June our team in the Asia Pacific region will be hosting an APAC country focus webinar on renewable energy in Vietnam.

Meanwhile our UK events team is organising a series of webinars between 10 and 30 June focusing on global offshore wind – exploring regional opportunities amidst global expansion; nuclear new technologies, hydrogen, as well as an array of the latest technologies in energy.

To register and gain more information on our EIC LIVE e-vents please visit: www.the-eic.com/Events/FullEventsDiary Also, in this issue our energy analyst, Joanne Sivanathan explores the role small modular reactors are playing in the UK. She finds the UK’s confidence in nuclear power is making a comeback, with plans to ‘revive the UK’s nuclear expertise’, starting with the development of small modular reactors (SMRs). Nuclear energy currently generates around one fifth of the country’s electricity.

This month EIC celebrates 20 years in Brazil, turn to page 25 to read more about the history of the office in Rio and how it all began.

Best wishes,

Lucy Chakaodza, Editor, Media and Communications Manager lucy.chakaodza@the-eic.com

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Inside this issue...

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EICDataStream 4 New EIC members Member news

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Social media round up 13 Forthcoming events

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Overseas events

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BO N O O W K IN G

Middle East news

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Asia Pacific news

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2020

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Sector analysis

UK and Europe news 17

Spotlight on technology 20

VIRTUAL ENERGY EXPORTS CONFERENCE

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Contents

North America news

21

South America news 24

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DataStream INDIA

Global opportunities OFFSHORE MEDITERRANEAN

Barauni Refinery and Polypropylene Plant

Subsea Pipeline (East-Med)

Operator: India Oil Corp Ltd Value: US$1.8bn LTHE will provide EPCC services for a new 9 mtpa atmosphericvacuum distillation unit (AVU) and associated installations (EPCC-1 Package) to be installed as part of the expansion project.

Operator: IGI Poseidon Value: US$7bn The developers are seeking to shortlist two contractors. They will design and build four offshore legs of the pipeline.

Total cost of the four, 1,470 kilometre legs will be €3bn. The tender is expected to remain open until June.

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UK

Core Project – Phase 1 Operator: Independent Oil & Gas Value: US$355m The UK government has granted FDP approval to IOG for the first phase of its Core development.

Full contract awards are expected shortly, including for the platform fabrication, pipelay and subsea work, and well management.

For more information on these and the 9,000 other current and future projects we are tracking please visit EICDataStream

ENGLAND

NAMIBIA

RUSSIA

Slough Multifuel CHP Facility

Baynes Hydro Power Plant

Kursk II Nuclear Power Plant

Operator: SSE Plc Value: US$436m A 50MWe and 20MWth EfW plant at Slough Heat and Power. SSE has sold a 50% stake in the project to Copenhagen Infrastructure and Hitachi Zosen Inova bagged an EPC contract for the project. Construction is slated to commence in Q1 2021 and will last about four years.

Operator: Government of Namibia Value: US$1.2bn Development of a 600MW hydroelectric power dam in Namibia. Namibia and Angola are anticipating the construction of the Baynes dam, and subsequently the hydroelectric power plant, to take place after the end of 2022.

Operator: Rosenergoatom Value: US$10.7bn Construction of a new NPP in the Kursk region. Kursk-2 will initially have two 1,200MW units, each equipped with a VVER-1200 reactor. Framatome has secured a contract for the supply of the reactor protection system for units 1 and 2.

SupplyMap The only database of UK supply chain companies across all energy sectors Need ayour demonstration of EICDataStream, EICAssetMap, EICSupplyMap? Get in touch Share news and views...

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AssetMap

EICAssetMap Gulf of Mexico Join us

Track all major OPEX assets and facilities in key global markets including the Gulf of Mexico EICAssetMap, the EIC’s operations and maintenance (O&M) database, now maps all major facilities across all energy sectors in the UK, Norway, Brazil, Gulf of Mexico and the ASEAN and GCC states.

This fully interactive map database is updated daily with information about existing facilities and the key contacts at these facilities so you can find out who to do business with and contact them.

EICAssetMap is the only O&M database to map major energy assets across all sectors in key markets in the Gulf of Mexico, both onshore and offshore.

key energy markets around the world in all energy sectors to find new O&M business opportunities Search for operational assets in

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Diversity

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New EIC members NEW AFRICA MEMBER

Absa Bank Mozambique Edificio de Escritorios das Torres Rani No 141, 16 Andar Maputo, 1100 Mozambique

NEW EUROPEAN RENEWABLE ENERGY MEMBER

Aero Enterprise GmbH Industriezeile 35/2 Linz 4020 Austria

NEW GLOBAL MEMBER

Ocean Infinity First Floor, 6 Grosvenor Street London W1X 4PZ

The Nominated Representative is Mr Peter Fromme-Knoch, Owner

The Nominated Representative is Mr Michael King Senior Business Development Manager

Telephone +258 21 348 000

Telephone +43 732 210 330

Telephone +44 (0)7921 727 954

Email hermano.juvane@absa.africa

Email p.fromme-knoch @aero-enterprise.com

Email michael.king@oceaninfinity.com

Web www.absa.co.mz

Web www.aero-enterprise.com

Web https://oceaninfinity.com

Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise the possibilities on the continent and beyond.

As part of a new and sustainable inspection service, Aero Enterprise is using aerial robots to inspect onshore and offshore wind turbines as well as industrial facilities, dams and bridges. All high-resolution image data of the inspected objects are recorded by the self-developed flight robot AERO-SensorCopter, which is specially designed to perform under harsh offshore weather and wind conditions.

Ocean Infinity is revolutionising ocean services using fleets of marine robots, led by teams of innovators. Ocean Infinity is constantly striving to find the safest, most environmentally responsible and efficient ways of operating at sea. Safety and sustainability is at the heart of all Ocean Infinity does.

The Nominated Representative is Mr Hermano Juvane, Head of Oil & Gas Sector

Absa is a truly African brand, inspired by the people it serves in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda and Zambia.

Absa also has representative offices in Namibia and Nigeria, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia. Absa is the oil and gas value chain bank of choice.

The AERO-Software Package offers the opportunity to analyse, qualify, classify all acquired data supported by AI. The anomalies can be quantified in area and length and classified according to standardised classes and types. The result is an automated generated IT-based report.

The company delivers outstanding value for clients across a variety of market segments using its cutting-edge robotic technology.

Ocean Infinity’s ground-breaking data management and delivery systems guarantee that the information it provides is accurate, precise and of the highest quality.

Providing answers with fleets of marine robotics.

9-10 September 2020 • Jakarta

CONNECT Energy Indonesia Get in touch Share your news and views...

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New EIC members

NEW RENEWABLE ENERGY MEMBER

OIA Global Wheat Wharf 27 Shad Thames London SE1 2XZ The Nominated Representative is Mr Andre Souto, Global Head of Energy

NEW GLOBAL MEMBER

NEW GULF OF MEXICO MEMBER

Pressure Tech

TRS Staffing Solutions

Unit 24 Graphite Way Hadfield Glossop SK13 1QH The Nominated Representative is Mr Lee French, Global Sales Manager

Av Insurgentes Sur 601 Piso 12 Nápoles, Benito Juarez Mexico 03810 The Nominated Representative is Ms Mónica de Prada, Country Manager

Telephone +44 (0)20 7265 3100

Telephone +44 (0)1457 899 307

Email andre.souto@oiaglobal.com

Email lee.french@pressure-tech.com

Email monica.de.prada@trsstaffing.com

Web www.oiaglobal.com

Web www.pressure-tech.com

Web www.trsstaffing.com

OIA Global is a global supply chain leader headquartered in the US and founded in 1988. It has offices in 62 locations in 28 countries across Asia Pacific, EMEA and the Americas. For the last 15 years, OIA Global has been involved in logistics for projects connected with oil and gas, power generation, power transmission and renewables.

Established in 2000 and located in the UK, Pressure Tech is recognised globally for manufacturing high-quality ISO-9001 accredited pressure regulators for oil and gas applications, and more recently, in the comparatively younger hydrogen fuel cell market.

Established in 1984 TRS works around the world finding and connecting the best talent with businesses and organisations that: design, build, operate, maintain or support the production of goods and services for a variety of industry sectors covering; oil, gas, chemicals, infrastructure, life sciences, manufacturing, mining, power, renewable energy and public sector.

OIA offers global logistics solutions involving project logistics, ocean and air freight forwarding, land and rail transport.

OIA also has a footprint of five million square feet of warehousing space throughout the world which can support warehousing and distribution projects for customers across all sectors.

Telephone +52 (55) 5061 7741

Its product range is manufactured predominantly in 316 stainless steel, covers up to 1,380 bar (20,000 psi) and caters for port sizes from 1/8” to 4”. Pressure Tech regulators are used worldwide with 70% being exported for use on critical high-pressure control systems such as wellhead control panels, gas analyser systems, hyperbaric diving systems and the latest hydrogen fuel cell technology.

Its services and capability address every phase of business activity from planning and design, through to engineering, construction, procurement, production operations and maintenance and decommissioning. TRS supplies at all levels of seniority from apprentice or trainee through to C-suite.

BO N O O W K IN G

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2020

VIRTUAL ENERGY EXPORTS CONFERENCE

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Member news Amarinth supplies pumps for ADNOC’s Al Mandous oil storage facility

Amarinth, a leading company specialising in the design, application and manufacture of centrifugal pumps and associated equipment to the oil and gas, petrochemical, LNG, chemical, industrial, power and desalination markets, has supplied four API 610 VS4 pumps to ADNOC for the Al Mandous underground oil storage project.

We have built an in-depth understanding of ADNOC specifications from previous successful projects and so have been able to once again deliver on time to ADNOC against the requirements of this project.

Oliver Brigginshaw, Managing Director, Amarinth

ADNOC is building the world’s largest underground oil storage facility with a capacity of 42m barrels of crude oil. The oil storage mega facility in the Emirate of Fujairah, UAE will consist of three underground storage caverns each with a capacity of 14 million barrels, deep below ground level.

Amarinth was selected following the company’s successful delivery and continued support of pumps for previous demanding ADNOC projects. The four API 610 11th edition VS4 vertical pumps are 4m long transfer pumps and are supplied with Plan 53B seal support systems.

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For more information: www.amarinth.com

Costain has published how it will reduce plant emissions, incorporate low or zero carbon materials, switch all of its energy connections to carbon neutral energy tariffs and overhaul its vehicle fleet to ultra low emission vehicles as elements of the commitment to reduce its total solution footprint to net zero by 2035.

The Group is already on its journey to be a clean growth leader, working with government, regulators and clients to enable the uptake of low carbon technologies such as carbon capture and hydrogen.

Computer generated render showing base plate design housing the Amarinth API 610 VS4 pump and Plan 53B seal support system

Costain commits to deliver low carbon whole life solutions to every client by 2023 and to be net zero by 2035 In an industry first, Costain, the smart infrastructure solutions company, has launched its detailed climate change action plan in which it commits to deliver low carbon solutions, including tackling ‘Scope 3’ emissions, to every client by 2023 and to be net zero by 2035. This will be via a whole life cycle approach, eliminating its clients and supply chain emissions as well as its own.

Working collaboratively with government, clients, partners and its supply chain, Costain has revealed that by 2023, every solution delivered for clients will propose at least one low carbon option, with whole life cycle zero carbon emission solutions being delivered by 2035. The plan also outlines how the Group will play a leading role in the development and delivery of both carbon capture and clean and renewable energy generation.

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Eliminating carbon emissions is fundamental to ensure we help shape UK infrastructure to mitigate and adapt to the global challenge of climate change.

We are developing and offering our clients low carbon, whole life solutions to ensure that we make a positive difference.

Alex Vaughan, CEO, Costain

Costain is also actively supporting its people to help change their behaviours with sites and offices recently taking an entire day to recognise how they can reduce their carbon footprint both at home and at work.

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For more information: www.costain.com

Demand sees Flowline Specialists launch new service Scottish energy equipment manufacturer and service provider Flowline Specialists has expanded its service offering as a result of client demand.

Member news

The Aberdeenshire-based company, which designs, engineers and manufactures a range of cable and pipe handling and deployment equipment for use in the energy sector, has launched a new service and maintenance division. It will operate from the firm’s existing workshop facility at its Oldmeldrum headquarters and utilise existing personnel.

Established in 2001, Flowline Specialists supplies equipment such as under rollers, spoolers, turntables and tensioners to clients in the oil and gas, subsea, decommissioning and marine renewables sectors.

The firm will use its expertise in manufacturing, operating and maintaining this type of electrical, hydraulic and mechanical equipment to service and refurbish similar cable spooling and deployment products that are owned by other companies working in these sectors.

Alongside the repair, refurbishment and overhaul work, Flowline Specialists will offer an equipment rental service for customers whose equipment is being serviced.

Flowline Specialists, which employs around 50 staff, has been working on developing the new division for about a year, investing around £50,000 to set it up. In recent months, Flowline Specialists has refurbished equipment owned by subsea engineering companies and serviced under rollers for a client operating in the renewable energy sector.

Creating the new division is the latest step in the firm’s strategy to diversify its business. Initially focused on the oil and gas and subsea sectors, Flowline Specialists entered the offshore renewable energy market nearly a decade ago and has become a trusted provider of cable handling and deployment equipment to multiple projects. The firm has also significantly expanded its overseas operations during this time, including establishing a Dubai subsidiary, Flowline Specialists DMCC.

MSA Safety launches V-Series™ harness line MSA Safety, industry-leading designer, manufacturer, and distributor of safety products has launched its all-new V-Series™ harness line, representing the next generation of fall protection.

Jon Rowan, MSA’s Product Manager for Fall Protection introduced the new harness line: “The V-FORM™ and V-FIT™ harnesses have been held up as a benchmark of quality ever since their introduction three years ago.

While this original crop of V-FORM and V-FIT harnesses is now being phased out, their iconic names will remain; they’re just being replaced with next generation products offering superior comfort, mobility and flexibility. We are also extending the V-Series harness line with the V-FORM+™, and V-FLEX™ (the premium product of the range), enabling MSA to offer best-inclass comfort at all price points.”

Each harness in the new V-Series line includes an exclusive quick-connect racing-style buckle for a closer, more comfortable-fitting harness eliminating the need for bulky chest straps or cumbersome buckles.

“This new line of racing style harnesses lets workers focus on their work instead of worrying about their harnesses, because the safest fall protection harness is the one you’ll actually want to wear,” said Jon.

Pull-down adjustments on each harness allow workers to quickly and easily get the right fit that lasts throughout the workday.

“Sizing is significant when it comes to wearing fall protection harnesses,” continued Jon. “Yet unfortunately workers can be sized incorrectly and/ or wear harnesses that don’t provide adjustability. This not only makes for a more uncomfortable harness – potentially increasing the likelihood the worker won’t wear it at all – but it can also have an adverse effect on the user in the event of a fall.”

The V-FLEX™ boasts a patented leg strap design to keep leg straps in place as webbing lays horizontally across the thighs, creating a more natural fit, as well as a patentpending hip connection which ‘flexes’ with the worker, reducing fatigue throughout the day.

The V-FIT, V-FLEX and V-FORM+ also have a dedicated attachment point for personal fall limiters, allowing for quick and easy attachment, and keeps workers’ back D-ring free for other use.

“Small details add up to big impressions and impressive results and that’s what you can see in this all-new V-Series harness line,” concluded Jon.

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For more information: www.msabritain.co.uk

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For more information: www.flowlinespecialists.com

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MSA Safety’s V-FIT harness

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Member news

Georg Fischer invests in Oxford Flow to digitalise water distribution networks

Oxford Flow, the flow control equipment specialist for oil, gas, water and industrial process industries, has announced that GF Piping Systems, a division of Georg Fischer (GF), has made an initial investment into its water and industrials business to access new technology in support of GF’s innovation strategy.

Oxford Flow will use the investment to accelerate the company’s transition to a fully self-sustained business. The investment will also act as a catalyst for a further capital raise from its existing investors. The funding will see the company scale up its R&D, business development and operational activities as it extends its global reach.

Innovation is in our DNA and together with GF, we believe we can make a remarkable impact on the way water and gas distribution networks are managed globally.

Neil Poxon, CEO, Oxford Flow

The Oxford Flow pressure regulating valve is one of the company’s key innovations; developed to support the water industries to deliver continual supplies of potable water and meeting ever-increasing standards for water quality, leakage control and other levels of service.

The development of the intelligent valve further enhances Oxford Flow’s reputation of providing the most advanced automation and digitalisation solutions to support the water industries’ vision of creating truly smart water networks.

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For more information: www.oxford-flow.com

Roxtec UK secures cyber security accreditation Cable and pipe seal manufacturer Roxtec has been awarded Cyber Essentials Plus accreditation after demonstrating its commitment to maintaining robust cyber security measures.

The business, whose UK branch is in Greater Manchester, specialises in innovative sealing solutions for companies in the energy sector designed to protect people and assets from multiple hazards including fire, flooding, the risk of explosion and electromagnetic disturbances.

Roxtec chose to seek accreditation through the government-backed Cyber Essentials scheme to confirm that its own IT infrastructure and data handling processes are capable of withstanding online attacks, and to demonstrate its commitment to cyber security to current and potential customers.

In order to be awarded the scheme’s highest level of certification, Cyber Essentials Plus, Roxtec was required to have an audit of its IT systems and processes carried out by an independent certification body.

The assessment covered five technical control themes – firewalls, secure configuration, user access control, malware protection and patch management.

As well as providing reassurance for customers, this level of accreditation is also now a prerequisite for companies wanting to bid on central government contracts, including major marine defence programmes and transport infrastructure projects.

In 2017, Roxtec cable transits were approved for use by Transport for London and are being used to upgrade the London Underground system, providing cable seals for trackside modernisation.

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For more information: www.roxtec.com

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Clive Sharp, Managing Director of Roxtec UK, says: “Our aim is to ens our systems and data. Achieving Cyber Essentials Plus accreditatio

Technology advances critical infrastructure project in crisis

Servelec Controls’ project team has used technology to overcome the challenges of social distancing and travel restrictions during the COVID-19 outbreak and complete a major project milestone. The innovative systems integrator has been able to adapt its processes at this challenging time to use video conferencing to take a major critical infrastructure project one step closer to completion.

The Factory Acceptance Test (FAT), which ordinarily brings client and supplier project teams together in one place to rigorously examine a system before it is shipped to site, has in this instance been completed using video conference equipment and a virtual meeting environment, which has enabled the client to witness and sign off the tests remotely.

Servelec Controls engineers observing social distancing precaut

New EIC members Social media Member round news up

Social media round up

sure that we have the most robust safeguards in place to protect on is confirmation that we’ve adopted the correct approach.”

Servelec Controls’ Engineering Manager Barry Shelton said: “This unprecedented situation has meant that we’ve had to adapt the way we work, literally overnight. Our clients rely upon our services to continue as they’re under additional pressure to maintain reliable gas and electrical supply at this difficult time and to ensure the continued operation of their assets in the future. We have remained operational during this taxing time in order to support them 24/7 and are working hard to ensure provisions, including all spares, are available as normal.

I’m proud of our team and the way they’ve successfully made use of technology, working with the client to ensure this project is executed safely and continues during this pandemic while meeting the stringent requirements of the industry.”

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For more information: www.serveleccontrols.com

We want to use every opportunity to connect with our members, so please follow us on Twitter (@TheEICEnergy) and connect with us on LinkedIn – EIC (Energy Industries Council) Below you’ll find a selection of some of the exciting EIC activities and useful industry information we’ve shared through our social media channels.

The EIC @TheEICEnergy

INFORM

EIC Inform is our new bespoke market intelligence service created to support businesses, governments and NGOs. Find out more on our website: bit.ly/3fNExGy

Access our premium market research service

The EIC @TheEICEnergy

We are recruiting for Non-Executive Directors. We want to make sure we have the most diverse and representative EIC Board helping to shape our strategy: bit.ly/2xp0k6g

EIC (Energy Industries Council) The EIC Overseas Events team is busy creating networking opportunities for our exhibitors. For more information, please email: natalia.bawolska@the-eic.com

tions while undertaking the virtual FAT

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June – July 2020

Forthcoming events and 1 June LIVE e-vents

Disputes in a Low Oil Price Market Webinar

3 June LIVE e-vents

Making full use of EIC Databases GotoWebinar

3 June Management Course

EICDataStream/AssetMap training Online

4 June LIVE e-vents

CCUS in the USA Webinar

8 June LIVE e-vents

Middle East Renewables Market Webinar

9 June LIVE e-vents

Opportunities to Export

GotoWebinar

10 June LIVE e-vents

Global Offshore Wind GotoWebinar

11 June LIVE e-vents

Nuclear New Technologies GotoWebinar

11 June Business Presentation

North America EICDataStream Online

12 June LIVE e-vents

LaunchPad to Success Webinar

Get in touch Share your news and views...

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

LIVE e-vents The EIC’s new webinars

16 June LIVE e-vents

Focus on Hydrogen GotoWebinar

16 June Management Course

EICDataStream/AssetMap training Online

16 June Business Presentation

South America EICDataStream Online

23 June LIVE e-vents

Renewable Energy in Vietnam Webinar

24 June Business Presentation

The Oil and Gas Sector with Equinor Rio de Janeiro

25 June LIVE e-vents

Making full use of EIC Databases GotoWebinar

25 June Business Presentation

North America EICDataStream Online

26 June LIVE e-vents

Coffee Break with Amanda Duhon Webinar

30 June LIVE e-vents

Focus on Latest Technologies GotoWebinar

1 July Management Course

EICDataStream/AssetMap training Online For more information and to book visit www.the-eic.com

Forthcoming events

9-10 September 2020 • Jakarta

CONNECT July – August 2020

Energy Indonesia 1 July Business Presentation

23 July LIVE e-vents

South America EICDataStream Online

7 July LIVE e-vents

GotoWebinar

28 July Business Presentation

Making full use of EIC Databases GotoWebinar

10 July LIVE e-vents

South America EICDataStream Online

29 July Management Course

EIC Houston Coffee Break

EICDataStream/AssetMap training

Webinar

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2020

VIRTUAL ENERGY EXPORTS CONFERENCE

EIC (Energy Industries Council)

15

16

Overseas events

New Exhibitors & Exporters @ EIC Group

The overseas events team has launched a new private LinkedIn Group to share updates, knowledge, added value and engage with exhibitors and EIC members.

The group is updated regularly with lots of information such as exhibitor training videos, exclusive market knowledge and free invitations to online webinars. The platform aims to be a place for exhibitors and EIC members Camilla Tew to connect, discuss and engage while managing to find new business opportunities during these uncertain times. We hope the additional information and support will also provide stronger return on investment to companies exhibiting overseas.

Stay connected and join our new group Exhibitors & Exporters @ EIC

Overseas event opportunities

Even though the current climate makes it difficult to find overseas opportunities at the moment, some international shows are still going ahead in 2020 – and our UK pavilion will be there!

How can you join?

ADIPEC

9-12 November 2020 Abu Dhabi, UAE Since its launch in 1984, ADIPEC has provided an unrivalled opportunity for experts and professionals to gather in Abu Dhabi, the heart of the oil and gas industry.

To all interested companies, there are a few stands available, plus many sponsorship opportunities.

Wind Energy Hamburg

1-4 December 2020 Hamburg WindEnergy Hamburg is the opportunity to establish business relationships/links with leading developers and the entire global supply chain. The UK pavilion still has some stands available – get in touch to find out more.

World Nuclear Exhibition

8-10 December 2020 Paris Taking place in France, the largest producer of nuclear power in Europe, WNE is supported fully by the French nuclear industry.

Don’t miss the chance to book our popular visitor package – access to the UK lounge, listing in UK brochure, exclusive events – only £500/company.

...

Exhibitors & Exporters @ EIC Get in touch For more information contact...

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

17 17

UK and Europe news Regional update

Following everyone adapting to a new way of operating, the EIC team has been working hard to provide members with the highest level of service; ensuring that we Jo Cam pbell are keeping everyone up to date on the latest energy sector news, connecting companies by e-networking and providing a platform of EIC LIVE e-vents.

May was an extremely busy time for the UK events team, with hosting between one and two LIVE e-vents weekly.

We launched our very popular series of open forums, offering companies an exclusive opportunity to access leading market information from industry specialists from the comfort of their own home. Our first open forum focused on operations & maintenance, giving attendees the opportunity to find out more about the EIC and how we can help find new O&M opportunities through the use of EICAssetMap and EICSupplyMap. We also worked with the sales team to host an open forum on 15 May, focusing on how to build business development strategies through the use of EIC platforms. If you would like further information on these e-vents or EIC platforms, please contact jo.campbell@the-eic.com We were delighted to have over 200 attendees register for our opportunities in the nuclear industry on 5 May. This e-vent heard from Sellafield Ltd, Rolls-Royce, Doosan Babcock, Nuclear Decommissioning Authority and Nuclear AMRC – discussing how companies could support the overall international nuclear new build and decommissioning plans.

EIC do not only host our own webinars, but we also work in partnership with our member companies. On 20 May KBR and EIC ran an extremely successful e-vent that focused on energy transition, and how the industry is driving towards a sustainable energy mix. Lloyd’s Register and EIC held a panel session with an expert line up of speakers, providing insights and best practices on managing and optimising ageing assets.

Following the launch of our Decommissioning Insight Report, written by Senior Upstream Analyst Diveena Danabalan, we held a focussing on decommissioning interactive webinar addressing the importance of supply chain expansion out of the North Sea. We are here to help so do let us know if there are any topics you would like to be updated on.

Stay home, stay safe, stay positive.

Jo Campbell, Regional Director (UK & Europe) jo.campbell@the-eic.com Sign up for the EICOnline newsletter

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EIC LIVE e-vents

LIVE e-vents

9 June: Opportunities to Export 16 June: Focus on Hydrogen 30 June: Focus on Latest Technologies

Regional news

Impact of COVID-19 on Europe’s onshore wind sector Since COVID-19 drastically hit Europe and showed its cataclysmic aftermath, the ensuing impact on some onshore wind companies’ operations in the region has been unavoidable. In April, Vestas and Siemens Gamesa suspended their 2020 guidance, citing uncertainty on future implications from the outbreak. Manufacturers were seeing difficulties in production facilities for mechanical and larger components, due to temporary freezes and protocol changes to assembly processes.

However, a number of announcements were made that show the sector still standing strong, providing hope for little impact in the long term. In Q1 2020 Nordex secured 1.6GW of new orders, with 1.3GW from Europe alone, and Vattenfall also announced healthy Q1 profits.

Spain in particular has shown progress despite being one of the more critically impacted countries from the virus. Following a short-lived halt, a number of Spanish factories restarted production including Siemens Gamesa, Vestas, Nordex and LM Wind Power, as well as the construction pause on all onshore wind projects lifting in Spain.

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

@TheEICEnergy

EIC (Energy Industries Council)

18

Middle East news Regional update

While we remain in the COVID-19/low oil price I am pleased to see the resilience shown by our member companies as they look to remain productive Ryan M cPhers on during this period. Make no mistake this remains an extremely turbulent time with continued volatility expected in the coming weeks as we seek to balance out the supply, demand and storage conundrum which witnessed WTI falling into negative territory for the first time as the markets remained unprepared for a supply glut with storage options close to saturation.

During this time like my colleagues elsewhere we have embarked on a weekly series of webinars to give a transparent overview of what is happening across the region and illustrate the number of partner agencies who are here to assist you during a time of need. This has included country briefings for Saudi Arabia, UAE and Oman where we are averaging over 100 attendees for each webinar, the majority of whom are regular attendees which is great to see. We will continue to provide this service in the coming months and embark on a range of additional topics.

As part of our webinars we have introduced an e-networking service to our webinars allowing delegates to be introduced facilitated by EIC staff. This is a great opportunity to broaden your network while working from home. All webinars have been recorded so please contact me or any of the team if you wish to get a copy including the accompanying presentations.

Our recently launched Africa membership has welcomed our first member under this category in ABSA Bank who we are delighted to welcome into the EIC family and hope to see more companies join them in the coming months.

Our African market webinar illustrated the opportunities in this region where it was tremendous to see many UK and African companies alike on the call. More information can be found at www.the-eic.com/Membership/Africa We also welcomed Inmarsat as our latest GCC member and look forward to working alongside them in the months ahead.

On a positive note (accepting that predictions are severely time bound at present) it was interesting to see UBS forecasting Brent oil prices could rise to US$43bbl by the end of 2020 and Saxo Bank predicting that Brent could recover to US$50-70 levels by the first half of 2021 – hopefully we see more of this sentiment reflected in the physical market.

Get in touch Share your news and views...

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

On a final note from all of us here at EIC we hope that you and your respective families continue to stay safe during this period. Please continue to take advantage of the network, talk and help each other out where possible.

We appreciate that this is a challenging time for UK businesses the world over and we want to remind you of the strong network at your disposal and that we are here to help in any way we can.

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

Regional news

Saudi Arabia initiates 1.2GW round three solar projects The Ministry of Energy has issued the Request for Proposals (RFP) for Round Three Solar PV independent power producer (IPP). Round Three is comprised of four solar PV projects with a combined generation capacity of 1,200MW. The Ministry of Energy has extended the RFP timeframe on this round of projects from four to six months due to COVID-19. Additionally, the ministry will be hosting virtual meetings to facilitate bidders’ conferences.

ADNOC terminates Dalma contracts with Petrofac

ADNOC has cancelled the award of two packages of work to Petrofac on the Dalma development. Petrofac has said that it will continue to work closely with ADNOC over the coming weeks to explore alternative options to deliver this project in a way that supports their strategic objectives within the current environment.

The cancellation of the contract award has led to speculation from several sources that ADNOC could delay many of its tenders and projects this year.

Forthcoming events

Please go to page 14 to see upcoming events in your region

19 19

Asia Pacific news Regional update

The COVID-19 pandemic in most countries in the Asia Pacific region continues to improve with the number of infected cases and fatalities Azman on the downward trend.

Nasir However, countries are still cautious on the easing of restrictions as there are valid fears of the emergence of a second wave as has happened in China and Korea.

We have managed to obtain some updates on the COVID-19 status for some of the countries in Asia Pacific which are as follows: Malaysia has eased the internal restrictions under a Conditional Movement Control Order (CMCO) which will be in place until 9 June 2020. The CMCO allows all businesses to operate except for some prohibited activities. During this CMCO, only Malaysians, foreign diplomats and those with permanent residency can enter the country and will be subject to a 14 day quarantine.

All inter-state travel will require police approval.

Myanmar has stopped all flights into and out of the country. The government has announced the Myanmar COVID-19 Economic Response Plan (CERP) to mitigate the economic impact. Indonesia has enforced a large scale social distancing order which includes limiting the movement of people and goods and restrictions on all activities in public areas. The government of Indonesia has barred all foreign nationals from entering and transiting. Singapore has enforced a national lockdown (called Circuit Breaker) which will be in place until 1 June 2020. The order has tightened workplace measures and expanded the list of closures for essential services. The government has advised deferring all non-essential travel abroad. Returning residents are required to serve the 14 day Stay-Home Notice.

Thailand has declared a national state of emergency which will be in place until 31 May 2020. All shops are closed except for supermarkets. Inter-province travel is prohibited. The government has announced a 400bn baht (US$12.57bn) fiscal package to mitigate the economic impact. Vietnam has suspended all passenger flights into the country. All returning residents are required to serve a 14 day quarantine. All foreign nationals are not allowed to enter the country except for emergency and diplomatic cases. The Philippines has reopened the Ninoy Aquino international airport, Manila for inbound international flights with strict guidelines. Japan has banned foreign nationals who have visited certain countries (including the UK) from entering the country. Japan has also announced COVID-19 Support Packages to mitigate the economic impact.

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All arriving passengers into South Korea will be tested and will remain at a separate facility until the results arrive. The passengers are required to serve a 14 day quarantine if tested positive. Taiwan has restricted all foreign nationals from entering the country. The government has announced a US$34.5bn (5.6% of GDP) stimulus package to mitigate the economic impact. Australia has enforced a mandatory social distancing order. Only Australian citizens, residents and immediate family members can enter the country and are required to serve a 14 day quarantine at the port of arrival. Inter-state travel is not prohibited. New Zealand has closed its borders to all foreign nationals. Only New Zealand citizens, residents and immediate family members can enter the country and are required to serve a 14 day quarantine at the port of arrival. Domestic travel is not prohibited.

The government has announced a US$20bn (ÂŁ16.31bn) response package to mitigate the economic impact.

Azman Nasir, Head of Asia Pacific azman.nasir@the-eic.com 9-10 September 2020 • Jakarta

CONNECT Energy Indonesia Regional news

CSSC wins China’s largest shipbuilding export order

The China State Shipbuilding Corp has won the first batch of order contracts worth US$2.8bn to supply liquefied natural gas tankers to Qatar Petroleum (QP) that will be built by Hudong-Zhonghua Shipbuilding in Shanghai. The number of LNG carriers in the order was undisclosed but is estimated to be around 16.

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

@TheEICEnergy

EIC (Energy Industries Council)

20

Spotlight on technology Rotork

www.rotork.com

THE NEW ENHANCED YT-3700 AND YT-3750 DIGITAL SMART POSITIONERS Suitable for all markets, the new digital smart positioner is appropriate for both control and on/off valve applications where enhanced diagnostics are required. It is ideal for highly critical applications in chemical/petrochemical processes.

The YT-3700 and YT-3750 pneumatic smart positioners employ continuous monitoring and graphic display of valve position, set point target over time and internal circuit board temperature over time. They provide reliable control of pneumatic valve systems for linear and rotary applications.

Additionally, valve signature, advanced step tests and Partial Stroke Testing (PST) can be operated from local or remote positions. Auto-tuning functionality and noncontact sensor are included for high frequency operating valves and an enhanced lifetime.

Valve diagnostic information to NE107 standard is provided, with Hart® 7 communication protocol included as standard and a display for all settings and local device interaction. Commissioning can be handled locally without the need of an additional device, all indications are clear and simple to follow thanks to the clear visual identification on the local display and the four push buttons.

The steady state deviation analysis that they provide can detect friction in the valve or actuator, leakage in pneumatics and instances where there is insufficient supply pressure. A deviation time out alarm occurs when the difference between the target position and the actual position exceeds the pre-set deviation alarm point (for more than the pre-set deviation time).

The enhanced diagnostic package offers position over time continuous monitoring, and graphical visualisation trough Device Description (DD) and Device Type Manager (DTM) files.

To match Emergency Shutdown (ESD) systems for on-off applications, the YT-3700 range offers a full package of offline diagnostic tests which include both valve signature and partial stroke test. All information can be stored on the device or downloaded for customer records.

Get in touch Share To be your profiled news in this and section views...please contact

The YT-3700 and YT-3750 are certified to ATEX/LEXIEX standards and can operate in temperatures as low as -55°C.

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

21 21

North and Central America news Regional update

We hope that with the start of summer and the re-opening of businesses that you are all well and thriving. While embracing working from home, in April and May we delivered a series of EIC LIVE e-vents Amand a Duho n for EIC members and nonmembers. As well as safely networking, these events provided valuable market intelligence, and I had the honour of kicking the regional events off with a coffee break chat. In May we were pleased to co-ordinate one-to-one appointments for our UK pavilion exhibitors who would have attended the Offshore Technology Conference (OTC). Thank you to KBR, McDermott, Subsea 7 and USA Wind Inc for their valuable time and continued commitment to our not-for-profit initiatives. We also delivered a four-part workshop on Mexico, where delegates learned how to do business in Mexico ahead of our Mexico country report launch next month.

Given the recent challenges with COVID-19, the EIC Houston office took the decision to postpone our flagship event EIC Connect Energy USA 2020 until Tuesday 26 January 2021. We appreciate our sponsors Unger Steel, William Hare, Ari Armaturen, iPS Powerful People and Pentagon for their continued support and look forward to delivering a successful and expanded conference in 2021.

In the meantime, please keep in touch as the Houston team is eager to hear from you!

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

EIC LIVE e-vents

LIVE e-vents

EIC LIVE e-vent CCUS

Thursday 4 June 2020 Discover what the future of investing in Carbon Capture, Utilisation & Storage holds for companies in the US. Open to all. www.the-eic.com/EventDetail?dateid=2666 EIC LIVE e-vent

LaunchPad to success in North America

Friday 12 June 2020 Learn more about the EIC’s LaunchPad services including office and conference facilities that you can utilise to help your business grow in the North & Central America region.

Open to all. www.the-eic.com/EventDetail?dateid=2778 Sign up for the EICOnline newsletter

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

26 January 2021 • Houston

CONNECT

Energy USA Regional news

Pantheon Resources makes significant oil discovery in Alaska Pantheon Resources has announced that it has made a discovery of potentially 1.8bn barrels of oil at its Talitha prospect in Alaska’s North Slope.

The company made the discovery after updating the evaluation of an old exploration well using information from a new drilling site nearby. The site has a potential to produce 500MMbbl of oil at a peak production of nearly 90,000b/d.

BOEM releases studies for offshore wind development in US GoM

The US Bureau of Ocean Energy Management (BOEM) has announced the results of two studies for renewable energy development in the US Gulf of Mexico. One study took into consideration the potential development of a variety of project types, and determined offshore wind to have the highest overall technical resource potential of 508GW. The second study conducted an economic modelling and sitespecific analyses and determined a 600MW project would have the potential to create approximately 4,470 construction jobs and 150 permanent positions – alongside further economic benefits.

Forthcoming events

Please go to page 14 to see upcoming events in your region

@TheEICEnergy

EIC (Energy Industries Council)

20 Book your d 08:00 - 17:30 | Tuesday January 26 Norris Conference Centers | Houston | Texas 77024

ATTEND THIS EVENT TO DISCOVER CAPEX & OPEX OPPORTUNITIES ACROSS THE USA The EIC is delighted to be organizing EIC Connect Energy USA in Houston, the Energy Capital of the World, for its fourth year.

Major operating companies and EPC contractors will present their buying policies and prequalification process to suppliers in a series of short seminars, carry out One-2-one meetings and network at the event to seek out new expertise.

OUTLINE AGENDA

*Presenting companies carry out One-2-one meetings outside of their seminar times

Delegate networking VIP Meet & Greet between speakers & sponsors One-2-one meetings (speakers & delegates)

08:00 - 08:45 10:00 - 11:00 10:00 - 16:00

Keynote conference sessions View from the top/market outlook from leading energy companies

09:00 - 09:45 12:45 - 13:30

Operators/contractor presentations to vendors 20 mins simultaneous/parallel seminars

10:00, 11:00, 12:00, 14:00, 15:00, 16:00

CONFERENCE THEMES & SECTORS

Conventional Upstream oil & gas: decommissioning; exploration and field development, operations & maintenance Midstream: FLNG; FSRU; gas compression; gas gathering; gas processing; jetty loading facilities; liquefaction train; receiving terminals; storage, pipelines, terminals Downstream: chemical; heavy oil treatment; oil processing; petrochemical; refineries; storage and gasification New technologies and the energy transition: enhanced recovery; gas for power; onshore and offshore wind; carbon capture and underground storage

ATTENDANCE

Companies can register their individual place from just $400 which includes refreshments and lunch, presentation copies and the opportunity to book an appointment with at least one speaker company.

WHY ATTEND? Access the operator and contractor community Discover capex & opex opportunities across the USA Engage with key regional and sector specif ic decision makers Not-for-prof it initiative organised by the leading energy trade association

Energy Industries Council The EIC delivers high-value market intelligence to members through its online energy databases, and via a global network of staff who work in-the-field to provide qualified regional insight.

The EIC is the leading Trade Association providing dedicated services to help members understand, identify and pursue business opportunities globally.

Established in 1943, the EIC has a membership of over 650 companies who deliver goods and services to the energy industries worldwide. www.the-eic.com

EXCLUSIVE EXPOSURE AMONGST THE EIC’S NETWORK PROMOTE YOUR CAPABILITIES TO OPERATORS AND KEY CONTRACTORS

021 SPEAKER PROGRAMME TO BE ANNOUNCED SHORTLY! delegate place now to secure a One-2-one appointment at the event Presenting companies will announce new project opportunities for the vendor community and update smaller businesses on current and future market conditions.

Gerry O´Connor Ian Dunderdale Executive Director, Asset Value Assurance Oil, Gas and Chemicals Global Business Unit Manager of Procurement

2019 Speakers

Robert Nussmeier Vice President

Vince Morrisette Commercial Director

Najib Kandala Director, Business Development

Boyd Howell Director of Sales & Marketing

Iain Murray VP Strategy & Business Development

Cameron Boyd Director of Engineering

John Mika Supply Chain Director

Carl Newton Vice President - Supply Chain

Kristy Bellows General Manager, Onshore Oil & Gas

Paul Capos Group Director, Supply Chain

“The Bechtel presentation was an excellent insight into the opportunities available to the supplier community.” Alan Campbell, Vantrunk Abnormal Load Engineering Limited ALE ALMACO Group Baker Hughes, Process & Pipeline Services Bechtel Ltd Blue Water Shipping UK Ltd BMT Group Bray Controls UK Limited Bray International Incorporated Bureau Veritas UK Ltd Carpenter & Paterson Ltd Castrol Offshore Ltd CETCO Energy Services Ltd CiTECH Energy Recovery Solutions UK Limited Department for International Trade (DIT) Deugro (United Kingdom) Ltd Eaton MEDC Ltd Eutex International Evoqua Water Technologies Fike UK FoundOcean Limited Fugro Fulkrum Technical Resources Ltd Geodis Wilson UK Ltd

Global Maritime Consultancy Limited GWC Italia HKA Global Ltd Honeywell Analytics Ltd Honeywell, Home and Building Technologies Hydrasun Ltd iPS - Powerful People James Fisher Offshore Limited Kiewit Kuehne + Nagel Ltd Liquefied Natural Gas Limited (LNG Limited) Lonestar Fasteners Europe Ltd Marathon Oil McDermott Marine Construction Ltd Metal Technology Co. Ltd. Modec MRM Technical Services Limited Orion Engineering Services Ltd Oseco Pall Europe Ltd Park Brown International Pentagon Freight Services PLC Pepperl + Fuchs GB Limited Peterson (United Kingdom) Ltd Petrofac Facilities Management Ltd Pipeline Technique Ltd

2019 Delegates

PJ Valves Pro Box Inc. Proactive Change, LLC Prysmian Cables & Systems Ltd Saxum Strategic Communications, LLC ScanTech Offshore Ltd Schenker Ltd Scottish Development International (SDI) Siemens PLC Sonardyne International Ltd ATTEND Subsea 7 FROM The Mosaic Company $400 Trinity Integrated Systems Ltd TUV SUD Ltd Vantrunk Limited Vee Bee Filtration UK Ltd Vulcanic UK Ltd SPONSOR Watlow Limited FROM WEG (UK) Ltd $995 William Hare Ltd Wood Group UK Ltd Worley Europe Limited WorleyParsons Services UK Ltd Wozair Limited WTS Energy UK Ltd

Book online www.the-eic.com

24

South America news Regional update We are happy to share that Luanna Souza, EIC Project Manager, has had a baby named Manuela on 4 April.

Luanna is now on maternity leave and returns to the office in October. We wish Luanna all the happiness and health with her little one.

Clariss

e Roch

a

Given the current context, the EIC has put together a series of webinars such as the EIC LIVE e-vents: Brazil Market Update, which happened on 30 April and had over 200 people booked. Through this webinar attendees were given an update on the latest energy project developments in Brazil, as well as a unique insight from the Port of Açu and the UK Department for International Trade. Many EIC webinars are being held in the same way, to keep members always up to date in regards to the market and business opportunities.

We hope you and your families are keeping well amid the COVID-19 outbreak. We would like to restate that, at the time of writing, our team is working from home and all office lines are being forwarded to the respective EIC staff.

If you need any assistance or advice in the region or for more information about upcoming events, please contact: Clarisse Rocha, Head of Americas clarisse.rocha@the-eic.com

Regional news

Brazilian power segment impacted by COVID-19

Brazil’s power generation, transmission and distribution segments are experiencing major challenges as a result of the COVID-19 pandemic.

The country’s National Electric Power Agency (ANEEL), the sector’s national regulator, has suspended six power generation and transmission auctions originally scheduled for 2020. This includes the A-4 and A-6 auctions for new power projects as well as an annual auction for new transmission line projects. Power distribution companies, meanwhile, are bearing the brunt of lower demand in the commercial and industrial sectors. On the other hand, active projects in the conventional power and renewables segments are not expected to be cancelled or put on hold, as they are supported by long-term power purchase agreements with distributors and/or large industrial consumers.

Ecopetrol cuts 2020 CAPEX

by US$1.2bn

The Colombian national oil company has announced that it will cut its capital expenditure by US$1.2bn and operational expenses by US$500m this year as a result of the COVID-19 pandemic and the downturn in oil prices. Following this reduction, Ecopetrol’s new CAPEX target is now US$3.3-4.3bn. The company’s oil production target for 2020 remains the same at 745,000-760,000 barrels per day. Ecopetrol’s breakeven oil price is estimated at US$30-35 per barrel, which poses serious challenges for the company amid the current downturn.

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

Get in touch Share your news and views...

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

20

RIO DE JANEIRO

YEARS

EIC celebrates 20 years in Brazil This month the Energy Industries Council is proud to celebrate 20 years in Brazil since it first opened its doors in Rio de Janeiro.

The original office was inaugurated in Avenida Nilo Peçanha, on 22 May 2000. In 2009, EIC Rio moved into its current office in Avenida Rio Branco, 89, on the 26th floor.

Since 2009 the office began promoting events and strengthening ties with major players in the industry as well as prominent government figures, thanks to the initiative of its current Head of Americas, Clarisse Rocha.

From 2009 to the present day, EIC Rio has hosted 159 events, training and now webinars, with 5,321 attendees from 1,258 companies.

Much has changed in the Brazilian energy sector since 2000. Already a key oil and gas player back then, Brazil more than doubled its oil production over the next 20 years. Massive pre-salt discoveries heralded the beginning of a new era for the country’s oil and gas sector, bringing new technologies, investment and business opportunities for EIC members around the world.

Vijay Rangarajan, British Ambassador to Brazil, commented: “Congratulations to the EIC. Over the last 20 years, EIC has been an important partner for HMG in Brazil and to the energy sector, delivering high-value content and comprehensive support to its members in a fast-changing world. The importance of energy and the energy transition has never been higher for the world, Brazil and the UK. Long may our collaboration continue.”

EIC CEO Mike Major, Head of Americas Clarisse Rocha and Rio Consul General Tim Flear open the new EIC Rio de Janeiro office in 2009

For more information please visit

EIC works closely with suppliers interested in doing business with Petrobras, the national oil company, who have consolidated its position as the world’s largest FPSO operator with multi-billion dollar projects in its portfolio. Over 100 companies received EIC support to get registered with the oil major.

Meanwhile, an array of oil companies and independent players entered the market and are developing their own ambitious E&P projects.

EIC has nearly 700 members worldwide, and around 200 active in South America. The Rio de Janeiro office has played a great role throughout the years in aiding its members and colleagues to achieve their goals. Through the years the office has supported several companies to start operations in Brazil such as Aggreko and London Offshore Consultants.

Services from this region also include bringing the best of the UK supply chain to key countries in South America across almost 30 trade delegations. For the next 20 years to come, EIC Rio remains focused on providing services with excellence, helping the supply chain to win business across the globe.

Former president of the Rio office, Ian Wilkinson commented: “This a significant milestone for EIC. Since 2000 the Rio office has evolved into a much slicker operation providing programmes which are helping companies who have lack of market knowledge and exporting opportunities/entry into Brazil.”

The EIC Rio office today. Are you making the most of EIC LaunchPad? Visit www.the-eic.com/Locations/RiodeJaneiroSouthAmerica/Services

www.the-eic.com/Locations/RiodeJaneiroSouthAmerica/RegionalOffice

BO O NO KI W NG

EIC NATIONAL

DINNER 2020

22 OCTOBER

New venue Join us at the iconic De Vere Grand Connaught Rooms for a glamorous night of networking, entertainment, awards and great food in a truly palatial setting.

Just five minutes from Covent Garden and Holborn tube stations this venue offers excellent transport links and accommodation options for you and your guests.

THE UK’S PREMIER ENERGY INDUSTRY EVENT Join us at the most prestigious event in the UK energy industry’s supply chain calendar as we celebrate the achievements and successes achieved by YOU, our members.

Your guest speaker The no-nonsense, legendary comedian that is Jimmy Carr is set to return to the EIC National Awards Dinner after first appearing on our stage in 2017.

He’s back to deliver an afterdinner speech that’s guaranteed to entertain and is not for the faint-hearted.

Take advantage of this unbeatable early bird offer to host and entertain your own VIP guests at an unforgettable evening.

Cost Table of ten: £1,990+VAT Individual place: £199+VAT

Awards ceremony

Corporate hospitality is a great way to help improve relationships within your network. Contact Jamie Lowes, EIC Sales Executive, to find out how to exceed your client’s expectations and differentiate yourself from the competition. +44 (0)7581 152 092 jamie.lowes@the-eic.com

The EIC awards ceremony will recognise companies which offer a product or service with a positive and significant effect on the UK energy supply chain. Details of award categories and how to enter can be found on the website here: www.the-eic.com/Events/ EICNationalAwardsDinner/Awards

BOOK TODAY

T: +44 (0)1429 874 450 E: nationalevents@the-eic.com www.the-eic.com/nationaldinner

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EIC Inform provides EIC members practical assistance with market entry, through the delivery of information.

If a member is looking to enhance its international market reach, is after overseas contacts or wants to connect with the right people in-market through events, then EIC Inform is a valuable offering.

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Next steps Thank you for your interest in EIC Inform. You are one step closer towards beginning your EIC Inform journey.

Contact our global team of experts to discuss how EIC Inform can add value to your business strategy.

UK and Europe Neil Golding Director, Market Intelligence Tel +44 (0)7739 339 807 Email neil.golding@the-eic.com

Asia Pacific Azman Nasir Regional Director Tel +6012 233 1001 Email azman.nasir@the-eic.com

Jo Campbell Regional Director Tel +44 (0)7718 479 185 Email jo.campbell@the-eic.com

North & Central America Amanda Duhon Regional Director Tel +1 832 758 2817 Email amanda.duhon@the-eic.com

Middle East, Africa, Russia & CIS Ryan McPherson Regional Director Tel +97155 787 9027 Email ryan.mcpherson@the-eic.com

South America Clarisse Rocha Regional Director Tel +55 21 99452 7871 Email clarisse.rocha@the-eic.com

INFORM Access our premium market research service

Example of EIC Inform service delivery ABC Valves is a manufacturer and supply company to major projects and applications in the UK oil and gas industry.

Its products meet complex specifications for end users such as BP, Shell, Equinor and ExxonMobil, among others.

The company has been active in the UK and Middle East region for over 50 years with much success. However, its attempts to infiltrate the US market have proved difficult. The company undertook several, expensive, market visits to find they were not meeting with the right contacts, never would receive a response from follow-up emails or calls; or could not get an appointment at all.

The MD took forward 40 hours of EIC Inform which provided the following: • A detailed conversation with EIC staff (analyst and regional director) to understand the company’s offering and an understanding of efforts taken thus far to entering the US market.

• The EIC undertook extensive EICDataStream research in identifying specific project opportunities over a two five-year period, and identified specific contacts consisting of category management with operators, and front-end engineering and procurement for specific EPCs known to be potentially bidding on specific projects.

• The EIC then undertook outreach to over 40 contacts in the USA with operators and contractors, introducing ABC Valves, its specific product offering and how it could solve problems for operators and EPCs. This outreach also ascertained interest in meeting with ABC Valves during a planned visit to Houston for OTC. • The EIC received interest from eight companies to meet with ABC Valves, and eight inquires for further information.

The EIC confirmed eight meetings developing a visit programme for ABC Valves and put ABC Valves in direct contact with all 16 companies.

• The project took the EIC about 60 hours to complete over a course of six weeks. Feedback from the client was excellent, and they have commissioned a second EIC Inform service for Mexico.

• Within one year, the company had received several orders and opened a virtual office with the EIC in Houston.

Costs of EIC Inform As an informative service exclusive to EIC members, EIC Inform offers competitive rates at just £50 per hour.

Services are not one-size-fits-all, as regional resource, complexities of market, and competition all play a part in the offering and value presented to members. Therefore, EIC Inform may not be a fit for all members, and time spent may require less or more time depending on the project.

All EIC members are offered one hour of EIC Inform at no charge, as a benefit of EIC membership.

Additional time and resource is listed as follows: Hours*

Maximum rate

2-3 hours

£150.00

3-6 hours

£300.00

6-12 hours

£600.00

12-24 hours

£1,200.00

24-36 hours

£1,800.00

36-40 hours

£2,000.00

40-50 hours

£2,500.00

50-60 hours

£3,000.00

60-70 hours

£4,000.00

70-80 hours

£5,000.00

80-100 hours

£7,000.00

*Number of hours spent depends on the size of the project, location and expenditure of time vis-a-vis available resources The data to be supplied will have been compiled by the EIC from internal and external sources and does not reflect or otherwise illustrate any recommendations of the EIC. Use of said data is at your discretion and risk and should only be used in this context.

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EIC (Energy Industries Council)