Inside Energy December 2018

Inside Monthly news for EIC members December 2018

Celebrating 75 years

ADIPEC 2018

18

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20 Sh toc

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Bolsonaro and Brazil’s energy sector

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Sector analysis

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UK pavilion round up

With long-standing EIC member Costain

www.the-eic.com

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Sector analysis

What does Bolsonaro mean for Brazil’s energy sector?

Jair Bolsonaro, a 63-year old retired military officer and seven-term congressman, will become Brazil’s next president in January 2019. A far-right politician often compared to the Philippines’ Duterte, Turkey’s Erdogan and the US’ Trump, Bolsonaro is both a revered and reviled figure among Brazilians.

While his praise for Brazil’s dictatorial past and controversial comments on minority groups have drawn widespread opposition in the country, his staunch promarket campaign and firm stance against corruption have endeared him to investors and Brazilians eager for a ‘law and order’ administration. The balance eventually tilted in Bolsonaro’s favour: he was elected by 55% of the population after winning a runoff vote on 28 October.

If Bolsonaro’s election is a subject of contention among ordinary Brazilians, his victory over left-wing candidate Fernando Haddad was met with relief and enthusiasm among Brazil’s business community. A free market advocate, Bolsonaro’s key economic pledges include the reduction of government intervention, the overhaul of Brazil’s complex tax system and the sale of state-run companies.

The energy sector under Bolsonaro is expected to keep the majority of the liberal policies pursued by the incumbent Temer administration. The mines and energy ministry will be one of the few government departments whose structure will remain unchanged.

Frequent bidding rounds for exploration blocks, including those for production-sharing contracts in the coveted pre-salt province, will be maintained, as will the power auctions for new generation projects. In the upstream segment, the president-elect has promised incentives for unconventionals, citing small oil and gas producers as potential players in this market. Bolsonaro’s energy plans also place emphasis on natural gas, whose importance is highlighted for base-load power generation capacity.

A state-run company central to any Brazilian government, Petrobras featured prominently in Bolsonaro’s manifesto.

In line with the company’s divestment plans, the president-elect has proposed selling a major share of Petrobras’ refining, transport and distribution activities, while maintaining the company’s core state-controlled E&P business. Bolsonaro has also proposed third-party access to Petrobras’ extensive midstream infrastructure as a pillar for greater competitiveness in the natural gas segment. Fuel prices, a controversial topic that led to a nation-wide truck driver strike earlier this year, are expected to follow international markets, with short-term fluctuations adjusted by hedging mechanisms.

Pietro

Ferreir

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Bolsonaro has also targeted local content regulations for oil and gas projects, a controversial policy introduced during the left-wing Lula administration. Regarded as a cause for poor efficiency, low productivity and corruption, Bolsonaro’s campaign manifesto flatly denies any positive impact of local content requirements on Brazil’s economy and promises a gradual phase-out. Brazil’s shipbuilding sector, which saw opportunities dwindle following recent local content changes for FPSOs (reduced from 65% to 25%), is specifically mentioned in the manifesto as an industry where investment – and not government intervention – will be needed to achieve higher productivity levels.

Although Bolsonaro has expressed scepticism about climate change and once suggested Brazil’s withdrawal from the Paris Agreement (which he sees as a threat to Brazil’s sovereignty over the Amazon), the renewables segment apparently has no reason to fear the upcoming administration. Bolsonaro’s campaign manifesto has specifically mentioned the wind and solar potential of Brazil’s north-east region, which concentrates most of the country’s installed capacity in the two segments. However, it is still unclear if public financing from the Brazilian Development Bank (BNDES), a driving force for solar and wind projects in the country, will be maintained under the new administration.

The hydro segment is expected to flourish under Bolsonaro. He has controversially pledged to build large dams in the Amazon, where a significant part of Brazil’s remaining hydro potential is located. His manifesto has also proposed an overhaul of the environmental licensing process for small hydropower plants (i.e. plants with less than 30MW of installed capacity), promising a three-month assessment for all submitted projects.

Key challenges face Bolsonaro as he nears his inauguration on 1 January 2019. In addition to Brazil’s many economic and social problems, the new president will need to overcome his low approval rating among large parts of the population and perfect his deal-making abilities with congress (he has authored only two laws during his 27 years as congressman). None of these challenges seem to affect the energy business, however.

While Bolsonaro’s election marked a major shift in Brazilian politics, status quo defines the perspective for the country’s energy sector.

Pietro Ferreira Senior Regional Analyst (South America) pietro.ferreira@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)

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Inside this issue...

2018 has been a particularly busy and memorable year for the EIC. This year we turned 75, and to celebrate we’ve held anniversary events all over the world: Afternoon Tea at the House of Lords, courtside seats at the Houston Rockets, dinner aboard the QEII in Dubai, member events with Costain and Emerson, and of course the 600-mile cycle challenge from Aberdeen to London.

While being a lot fun (perhaps not the word the EIC riders would choose) our 75th anniversary activities also raised almost £15,000 for two very worthy charities: Cancer Research UK and The Ocean Cleanup.

In addition to our 75th celebrations, we’ve also squeezed in another 130 worldwide EIC events, not to mention launching a whole host of new and upgraded business development tools, all designed to enable our members to win work on energy projects around the globe.

EIC Connect continues to move successfully around the world. This year alone we held five highly successful events in Malaysia, the UAE, the UK, the US and Vietnam.

EICDataStream keeps getting bigger and better, now tracking 8,500 projects across all sectors. Likewise, EICAssetMap is also covering more and more countries. This year we extended its reach into Norway, Brunei, Malaysia, Singapore, Bahrain, Kuwait, Oman, Qatar and the UAE. At ADIPEC, we broke our record for the largest UK pavilion we’ve ever hosted anywhere, at a staggering 1,056 square metres. Among lots of other global conferences and exhibitions, we also managed the UK pavilion at WindEnergy Hamburg. Taking part in renewable events is something we’ll be doing a lot more of. Recognising the growing importance of this market, this year we launched an EIC Renewable Energy Membership category.

We also unveiled Overseas Primary Membership for the Americas, Asia Pacific and EMEA for those companies focused on business opportunities in these regions.

While being a time to relax and reflect on the year gone by, December also brings with it thoughts of what the future might hold. At the EIC we’ve already got a lot of exciting events lined up for 2019. In January, the Fit4Energy programme starts. This new course, developed in partnership with RGU and ONE, will provide companies of all sizes with the knowledge, network and tools needed to scale-up their operations.

We’ll continue to take EIC Connect around the world, starting with Mexico City on 19 February, Abu Dhabi on 16 April, South Korea in May (date TBC), Houston on 26 September and Thailand also in September (date TBC).

Perhaps the most exciting thing on the horizon though is the first-ever Energy Exports Conference. Shaping up to be the biggest event we’ve ever organised, we’re bringing over 20 international energy companies to Aberdeen to discuss over US$150bn of projects which require UK content. Whether you’re a first-time or experienced exporter, make sure 18-19 June are blocked out in your calendars.

Anyhow, that’s all to come. For now, on behalf of the EIC, I wish all our readers a merry Christmas and happy New Year.

Edward White, Editor and Communications Manager edward.white@the-eic.com Sign for the EICOnline newsletter Get inup touch Share your news and views...

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Contents Sector analysis

Inside this issue...

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One-to-one 4 EICDataStream 5 EIC Survive & Thrive II New EIC members Member news

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Social media round up 15 Forthcoming events

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Overseas events

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ADIPEC 2018

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Spotlight on technology 21 Celebrating 75 years

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Middle East news

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UK and Europe news 23 North America news

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South America news 27 Asia Pacific news

Follow @TheEICEnergy

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Join the EIC LinkedIn Group

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One-to-one

with Jim McGrath General Manager and Senior Principal, Cardno PPI Part of global integrated professional service provider Cardno Ltd, Cardno PPI solves critical challenges for energy customers around the world, specialising in quality and consulting services; hands-on engineering, certification, and technical services; and technology development and resource management.

Visit www.cardnoppi.com

Q

How does Cardno PPI stand out from other engineering and quality assurance service providers?

A

Concentrating on the renewable energy and oil and gas sectors, Cardno PPI helps reduce customer non-productive time by providing economic solutions for complicated projects.

For over 25 years, Cardno PPI has served a broad range of customers. We understand your business because we have hands-on experience from within your industry. Cardno PPI prides itself on its personnel and our ability to deliver proven methods and cost savings.

Cardno PPI has always concentrated on strong relations with its customer base.

By applying our integrated, multidisciplinary expertise as part of our customer’s team, we develop effective solutions tailored to specific needs.

Q

Cardno PPI is about to add a new service line, can you tell our readers about it yet?

As part of the Cardno PPI value proposition, we provide specialised engineering and technical services to our customers and support them in designing and operating assets that are safe, reliable and compliant.

A

We are currently expanding our engineering capabilities to offer independent verification and certification services while boosting our asset integrity management advisory and consulting services. This more robust package allows Cardno PPI to get involved earlier in the project cycle. We focus on our job – risk mitigation and compliance assurance – so our customers can focus on their core businesses.

Cardno PPI has so many experienced and knowledgeable people working together to serve our customers.

I encourage all our personnel to feel pride of ownership in their projects. Each has a mission or goal, but the overriding motivation is to ensure our customer’s success. Our true value is people, their skills and their commitment to excellence.

Q

What else does the future hold?

Q

What don’t most people know about Cardno PPI?

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Cardno PPI recognises that in order to maintain our highly effective and efficient service and delivery model we need to have locations in conjunction with our customer’s global footprint. Most recently we have expanded our footprint into South America, Trinidad and Mozambique and are currently looking into additional markets in the future. We have a lot of focus on Europe. Our office in the UK – with partners across Europe – ensures we can give the truly global support that is required for major projects.

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Cardno PPI was founded in 1992 by three engineers. After it became firmly established as a market leader in quality assurance and oil and gas engineering, it was purchased

by Cardno. Through our association with Cardno, we can access a broad range of services for our customers. From infrastructure construction, to environmental remediation, to permitting and logistics services, it’s likely that Cardno offers the services you need – allowing one-stop shopping for customers.

Q

What’s been your proudest moment during your time at Cardno PPI?

I am proudest of our teamwork.

Any EIC members who wish to be profiled in this section please contact Edward White, EIC Editor and Communications Manager edward.white@the-eic.com

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Get in touch Share Do youyour wishnews to beand profiled views... in this section?

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Global opportunities GERMANY

THE UAE

CROATIA

Burghausen cracker expansion

Bu Hasa integrated facility project

Krk floating LNG terminal

Operator: OMV Value: US$300m OMV plans to expand capacity at its steam cracker in Burghausen by around 33%. The project is part of the company’s growth strategy to 2025, under which it will invest €1bn in its German, Austrian and Romanian refining and petrochemical operations.

Operator: ADNOC Onshore Value: US$1.6bn Tecnicas Reunidas has been awarded the EPC contract. Works, which are expected to take 39 months, will include EPCIC of a new oil gathering system, new gas compression facilities and new produced water injection network.

Operator: LNG Croatia LLC Value: US$292m LNG Croatia has chosen Golar Power to deliver an FSRU for the LNG import facility. Golar will convert the existing Golar Viking LNG carrier into an FSRU. An FID is expected in Q1 2019 with the project scheduled to be operational by January 2021.

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For more information on these and the 8,500 other current and future projects we are tracking please visit EICDataStream

THE UK

ZAMBIA

SPAIN

Eggborough CCGT power plant

Muchinga onshore wind farm

Curtis-Teixeiro biomass plant

Operator: Eggborough Power Ltd Value: US$1.5bn Planned development of a 2,500MW gas-fired power plant at the site of the existing Eggborough coal-fired power station near Goole, East Riding. The project has received government approval and construction is anticipated to begin in mid-2019.

Operator: Globeleq Value: US$200m Development of a 100MW wind farm in the province of Muchinga, in north-eastern Zambia. The project comprises 40 turbines and is at early planning stage. The US Trade and Development Agency is supporting the project’s feasibility study.

Operator: Greenalia SA Value: US$74m Construction of a 50MW biomass plant in Curtis and Teixeiro in north-west Spain. The facility has a capacity for up to 500,000 tonnes of feedstock. The boiler supply contract has been awarded to Valmet.

Sector Workbooks

Covering oil and gas, power, nuclear, transmission and distribution, and energy storage, sector workbooks detail current projects on EICDataStream, and provide a summary and chart of CAPEX by operator, country and project type for each sector.

Go to the ‘Reports’ button on the top tab, click the dropdown arrow and then ‘Sector Workbooks’.

Updated every Monday, sector workbooks provide you with reliable information quickly, in an easy to use Excel spreadsheet.

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EIC Survive &

Get in touch Share your news and views...

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Volume II

EIC Survive & Thrive II

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Success stories EIC Survive & Thrive II

Advanced Insulation Its MS400 panels are enabling EPC companies to save 50% in topsides weight and enhance fire protection, insulation and blast resistance

How is Advanced Insulation thriving?

The challenge

The company’s innovative MS400 phenolic foam panel has enabled EPC contractors and yards to reduce topsides weight by 50% compared to conventional steelmade products, while providing greater fire protection, thermal insulation and blast resistance.

The weight of topsides is a major issue for oil and gas players worldwide. As market dynamics require increasingly leaner projects and offshore platforms become ever more complex, light-weight topside options are sought to guarantee that E&P projects remain safe as well as

The use of ContraFlame® provided significant architectural weight saving during the Statoil Mariner Design Development period. MS400 was used to achieve structural fire protection, ensuring the structural integrity of the steel members supporting the Escape Tunnel. Advanced Insulation supported this with a MS400 Loaded Beam Fire Test Certificate along with all supporting documentation.

Peter Johnson Lead Architectural Engineer at CB&I

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physically and economically feasible.

Moreover, reduced weight not only enables more equipment to go onto the platform itself (e.g. to improve living conditions) but also reduces transport and lifting costs.

The solution One of the earliest opportunities presented to Advanced Insulation to tackle this challenge was BP’s Clair Ridge platform. The project was so critically overweight at the design stage (10%) that the operator started looking for new ideas, challenging everything. In 2009, Advanced Insulation was approached by BP, which was looking for a quick solution for light-weight blast panels to protect the platform underdeck from fire, sea and low temperatures.

The oil major had used stainless steel previously, but found they were not only expensive but heavy and easily-dented.

Advanced Insulation had the ideal solution for BP. Thanks to valuable insights provided by an employee who had worked at a major South Korean shipyard for years, the company pushed for the development of a better blast

EIC Survive & Thrive II

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New EIC members NEW UK MEMBER

NEW PRIMARY MEMBER

NEW PRIMARY MEMBER

Brainnwave

COMECA UK Ltd

HellermannTyton Ltd

23a Fitzgeorge Avenue Hammersmith London W14 0SY

Units 6 & 7 Scotia Business Park Scotia Road Stoke on Trent ST6 4HG

Sharston Green Business Park 1 Robeson Way, Altrincham Road Wythenshawe Manchester M22 4TY

The Nominated Representative is Mr Justin Howat, Chief Commercial Officer

The Nominated Representative is Mr John Lynch, Managing Director

The Nominated Representative is Mr Francis Tan, Project Manager

Telephone +44 (0)131 344 4610

Telephone +44 (0)1782 980 450

Telephone +44 (0)161 945 4181

Email justin@brainnwave.com

Email j.lynch@comeca-group.com

Email francis.tan@hellermanntyton.sg

Web https://brainnwave.com

Web www.comeca-group.com

Web www.hellermanntyton.co.uk

Brainnwave provides enterprises with an engine to ‘combust’ data into valuable commercial intelligence. The company helps clients digitise their business development processes, allowing them to react to opportunities faster than their competition.

Comeca is a French group established for more than 50 years in the field of low voltage system integration and medium voltage, with worldwide references in the oil and gas industry, power generation, processing industries, hospitals, buildings and tertiary distribution.

HellermannTyton is a leading manufacturer and supplier of products for fastening, fixing, installing, connecting, insulating, protecting and identifying electrical cables and data network infrastructure. The company also develops parts for customerspecific industrial applications.

Through the diversification of its activities (power electronics, HVAC and embedded electrical equipment), COMECA’s mission is to provide global solutions to operators, EPCs and installers.

With more than 1,200 employees on four continents, the group is proud to be close to customers.

HellermannTyton’s mission is to develop effective solutions for all cable management requirements.

In order to live up to this goal, the company gets to grips with everything that goes on in the world of its customers. They are its main inspiration when the company develops its product ranges.

In short, Brainnwave takes all your messy data (structured or unstructured) into its middleware, cleans it, enriches it and provides cutting-edge visualisation tools, available to everyone in your organisation.

Other benefits the platform brings to customers include: deeper strategic insights; confidence in the data underlying business decisions; one version of the truth, globally; saving time and reducing spend; and increasing ROI on data subscriptions.

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HellermannTyton operates 15 world-class manufacturing facilities and develops products at 12 locations with >5,000 employees working at HellermannTyton in 38 countries.

New EIC members

NEW GLOBAL MEMBER

OVERSEAS PRIMARY MEMBER

NEW PRIMARY MEMBER

Jotun

MTU Power Systems

Stather Road Flixborough Scunthorpe DN15 8RR

Level 32, UBN tower No 10, Jalan P Ramlee Kuala Lumpur 50250 Malaysia

Rapid Solutions (International) Ltd

The Nominated Representative is Ms Ann-Kristine Brandsdal, Global Sales Manager ISM

The Nominated Representative is Ms Ruth Yap, Senior Manager, Business Development

The Nominated Representative is Mr Howard Lyn, Regional Director

Telephone +44 (0)1724 400 000

Telephone +603 2026 1990

Telephone +44 (0)1223 841 757

Email anne.kristine.brandsdal@jotun.no

Email ruth.yap@mtu-online.com

Email hlyn@rapid-solutions.net

Web www.jotun.com

Web www.mtu-online.com

Web www.rapid-solutions.net

The Jotun Group is a leading supplier of paints and powder coatings. The group has 64 companies and 40 production facilities on all continents. Jotun is represented in over 100 countries.

MTU is one of the world’s leading manufacturers of large diesel engines and complete propulsion systems.

Established in 1996, Rapid Solutions has grown over the years to become a global provider of electrical, instrumentation, hydraulic, mechanical, telecommunication and technical training services.

Jotun protects property by providing solutions that not only enhance the appearance of your asset but also ensures long-lasting durability. Its range of paints and coatings are inspired by technology, designed to meet the latest industry standards and developed with sustainability in mind.

Jotun’s specialities include premium decorative paints for long-lasting and beautiful finishes, powder coatings and coatings for corrosion and fouling protection of metal substrates as well as passive fire protection of steel.

Francis Court Maris Lane Trumpington, Cambridge CB2 9LG

MTU’s robust and durable engines reliably propel large ships, heavy agricultural and rail vehicles, and industrial applications.

MTU’s product range is one of the widest and most modern in the sector. The company offers comprehensive, powerful and reliable engine solutions for yachts, commercial shops and naval vessels, construction and industrial vehicles, agricultural machinery, mining, rail and military vehicles as well as for the oil and gas industry. MTU also provides a full line of service products to help you maximise uptime and performance.

The company is a global organisation supporting industries in both emerging and developed markets. Rapid Solutions has been providing innovative engineering solutions to the oil and gas, maritime, industrial and commercial sectors.

Rapid Solutions’ offices are established in four countries – Azerbaijan, Georgia, Kazakhstan and the UK and have appropriate national licences and international certifications.

This geographical span allows Rapid Solutions to efficiently mobilise and support several regions and countries.

From engineering and design to installation and maintenance, Rapid Solutions provides a range of specialist services utilising its technical expertise, advanced technology and close partnerships with original equipment manufacturers.

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BAND-FAST™ marks 10 year North Sea anniversary

In 2007 BAND-IT® was approached

by Aker Solutions with a desire to use BAND-FAST™ clamps instead of cable cleats on its new oil platform.

The results exceeded Aker Solutions requirements and expectations and they subsequently installed over 40,000 BAND-IT® PPA Coated BAND-FAST™ Clamps on their new offshore drilling platforms.

After almost 10 years of operation in the harsh offshore environments of the North Sea, the BAND-FAST™ Clamps are still holding the critical trefoil cable runs securely in position.

Aker Solutions has reported significant cost savings compared to cable cleats, faster installation and increased health and safety during installation.

BAND-IT, a unit of IDEX Corporation, is a world leading designer and manufacturer of engineered fastening solutions.

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For more information: www.band-it-idex.com

Coretrax provides £500,000 saving in well abandonment project

Coretrax has successfully saved a North Sea operator more than £500,000 during a well abandonment campaign on the UKCS. The independent wellbore cleanup and abandonment specialist was selected to support the decommissioning of 11 wells and has already saved 28 hours rig time on one well alone. The project is expected to continue to March 2019.

John Fraser, global business development director at Coretrax, said, ‘We strive to deliver operational efficiencies for our clients by reducing rig time and our technologies and service led approach has quickly yielded positive results for our customer. Our continued investment in research and development means that we bring new solutions to the costly challenge of abandoning wells along with a track record of learnings from other successful campaigns.’

The company deployed its CXTubing Hanger to secure the completion tubing before utilising its CX-RTP (retrievable test packer) and CX-SVE cement retainer to assist with the restoration of annular cement.

The CX-Tubing Hanger can hang up to 400,000lbs of tubing weight and eliminates the expensive and time-consuming process of tubing disposal, which can cost operators upwards of £250,000 per well and up to 30 hours rig time. The tool also eradicates the need to pull tubing back to the surface which requires manual handling in a high-risk area of the rig, commonly referred to as the Red Zone.

With a strong engineering focus, Coretrax offers a range of solutions and award-winning tools designed to deliver measurable cost and rig time savings. The company, which has an engineering house, workshop and test facility at its Aberdeen headquarters also has operational bases in the Middle East and South East Asia and supports global drilling, completion and end-of-life operations.

Coretrax has experienced a record year for growth in 2018 and expects to recruit a further 20 people by the end of the year.

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For more information: www.coretrax.com

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Crondall Energy

Member news

Crondall Energy secures Cambo field contract

Floating production and subsea specialist Crondall Energy has secured a frame agreement contract with Siccar Point Energy to provide support on the Cambo field, West of Shetland. Support will initially cover the identification and evaluation of FPSO options for the development and pre-FEED technical assurance of the subsea design.

The FPSO scope of work includes consideration of a range of FPSO options, including new builds, redeployments and conversions.

The FPSO studies will consider the suitability of the various options for operations in the challenging West of Shetland environment, as well as compliance and suitability for operations on the UK continental shelf.

The subsea engineering work scope involves peer review and peer assist activities on the pre-FEED subsea design, including flow assurance and operability reviews. Crondall is providing Siccar Point with a unique assurance service which is ideally suited to operators implementing the latest cost-efficient contracting models.

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For more information: www.crondall-energy.com

Member news

NES Global Talent acquires Bedrock Petroleum Consultants Global technical and engineering recruitment specialists NES Global Talent has acquired Bedrock Petroleum Consultants.

Based in Lafayette, Bedrock is an industry leading specialist provider of outsourced supervisory and operational personnel to the US onshore oil and gas market.

Emerson to modernise Sonatrach gas plant Emerson, in partnership with Fores Engineering, has signed a US$32m contract with Sonatrach, Algeria’s state energy company, to modernise its gas processing plant in Alrar.

As part of the contract, Emerson will update control and safety systems, fire and gas systems, field instrumentation control and isolation valves, and other equipment to improve production efficiencies, equipment reliability and safety.

The project includes the engineering procurement, commissioning and testing of the new integrated control and safety systems.

Emerson’s modernisation programme at the Alrar gas processing plant, in the south-east of Algeria, is designed to help Sonatrach achieve top quartile performance – defined as operations and capital performance in the top 25% of peer companies.

The project strengthens Emerson’s presence in Algeria, which is a strategic market for the company in Africa.

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For more information: www.emerson.com

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MTE completes fabrication project for Hornsea One offshore wind farm

North-east fire, blast and heat hazard solutions specialist MechTool Engineering (MTE) has successfully completed a fabrication project comprising a series of transportation cradles for Hornsea One, one of the world’s largest offshore wind farms to date.

The Darlington engineering firm has built eight heavy duty steel fabricated transportation cradles that will be used to move the transition pieces used on the project’s wind turbines.

Located 120km off the Yorkshire coast, once complete Hornsea One will generate enough energy to power two million homes.

Anthony Jones, Managing Director at MTE said, ‘We are extremely pleased about how this project has progressed. MTE has delivered the eight cradles in only a matter of 16 weeks. This is true testament to our ability to turn projects around quickly, without compromising on quality.’

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For more information: www.mechtool.co.uk

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

I am delighted to welcome the Bedrock team to NES’s growing family. They share our values of service, client focus, compliance and safety, and we are very pleased to have the team join us as we embark on this next phase of growth and continue our strategy of diversification in deep specialised disciplines.

Tig Gilliam, CEO, NES Global Talent

NES Global Talent operates in the oil and gas, power, chemicals, life sciences and manufacturing sectors. With four decades of experience in the global market, NES has continued to pursue a strategy of organic growth complemented by targeted acquisitions. Bedrock’s local expertise working across all the major oil and gas plays in the continental US will further strengthen NES’s position as the engineering and technical talent provider of choice for oil and gas staffing across the Americas.

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For more information: www.nesgt.com

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Member news

Stork awarded Chrysaor contract extension

Stork, part of Fluor’s Diversified Services segment, has been awarded a two-year contract extension by Chrysaor to deliver integrated specialist asset integrity services for its Armada, Everest and Lomond offshore production platforms located in the Central North Sea. Fluor booked the undisclosed contract value in the third quarter of 2018.

Roxtec UK Managing Director Clive Sharp

Nylacast wins british engineering excellence award

Nylacast has won the Materials Application Award at the 2018 British Engineering Excellence Awards for its low friction marine technology the Chock Liner, its third award at the event in nine years.

Initially developed for LNG carriers in the oil and gas sector, the multiple advantages created by the Chock Liner today see it being used across the global maritime industry, featuring on a wide variety of vessel types including navy, tugs, ferries, container vessels and cruise liners.

Developed using Nylacast’s leading materials technology, the customformulated polyamide 6 material, coupled with the patented product design results in an easily installed and retrofitted liner, delivering significant reduction of rope wear, abrasion and tearing. It also provides better equalisation of mooring loads, in addition to greatly reducing the need for routine and costly maintenance.

The British Engineering Excellence Awards, hosted by writer and broadcaster Dr Kevin Fong, welcomed leading companies from across the UK to celebrate engineering success and innovation stemming from the region.

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For more information: www.nylacast.com/offshore

Roxtec boosts team with four new hires Cable seal manufacturer Roxtec has made a series of new appointments to drive growth across its rail, infrastructure, heavy machinery and nuclear divisions.

The company has expanded its UK team of 20 full-time staff with four new starters. Roxtec’s products protect people and assets from multiple hazards including fire, flooding, explosion and electromagnetic disturbances.

Chris Anderson joins the firm as Data Centres, Life Sciences and Telecoms Manager, while Will Melvin secures the role of Nuclear and Process Manager. Simon Ewing has further been appointed as OEM and Heavy Machinery Manager and Ric Kirman as Rail Infrastructure Market Manager.

Roxtec UK Managing Director Clive Sharp said the new appointments bring greater capacity and enhance the company’s skills base.

‘Roxtec UK is investing heavily to capitalise on major opportunities we have identified across specific markets in the UK and internationally,’ he said. ‘These new appointments increase our full-time staff base by almost 25% sending a strong message to the marketplace about our desire to grow.’

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For more information: www.roxtec.com

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Utilising our full portfolio of professional solutions will provide significant opportunities to support Chrysaor’s goal to maximise efficiency and achieve reliable operations across its North Sea portfolio.

Taco de Haan, President, Stork

Under the contract, Stork will continue to deliver an inclusive range of solutions and capabilities to extend the offshore assets’ life cycle. Through proven methodologies and Stork’s integrity corrective action teams (ICATs), Stork will assess and optimise work, delivering an inspection process to meet the operational strategy for each asset and undertaking any necessary repairs.

Stork

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New EIC members Social media round up Member news

ICAT is Stork’s process-led, multi-disciplined approach which identifies and rapidly remedies integrity anomalies before they require repair or replacement.

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For more information: www.stork.com

WEG invests in modernisation programme

Global manufacturer of motors and drive technology WEG has recently completed a major investment in the modernisation of machinery at its subsidiary Watt Drive Antriebstechnik GmbH in Markt Piesting, Austria.

The Austrian gearbox specialist has taken delivery of a new €1.1m production machine. Installation was carried out using the world’s most powerful all-terrain crane, the Demag AC 1000-9, which has a carrying capacity of 1,200t.

The new 4-axis machining centre Makino A99E will be utilised for the machining of gearbox housings and is the first step in a broad-based modernisation/expansion campaign at the Markt Piesting site.

Social media round up 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

EICAssetMap now displays over 700 producing assets across the Middle East, and also maps assets in the UK, Norway, Brunei, Malaysia and Singapore: bit.ly/2RPVHXk

The EIC @TheEICEnergy

PETRONAS, Tenaga Nasional Berhad, Baker Hughes, a GE company and many more highlighted the opportunities for supply chain companies in Malaysia.

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For more information: www.weg.net/uk

EIC (Energy Industries Council) Our Uganda and Kenya Trade Delegation met Total, CNOOC, Uganda National Oil Company and Tullow Oil. Find out more about EIC Overseas Delegations: bit.ly/2QtiOag

Sign up for the EICOnline newsletter

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December 2018 – January 2019

Forthcoming events 4 December Management Course

EICDataStream training Online

10 January Business Presentation

EIC Members Update EIC London

5 December Technical Workshop

14 January Overseas Delegation

Introduction to Steam Turbines

Trinidad & Tobago and Guyana

Peter Brotherhood Ltd, Peterborough

11 December Industry Overview

Fundamentals of Natural Gas EIC London

11 December Business Presentation

Horizon Nuclear Power

The AMRC Knowledge Transfer Centre, Rotherham

11 December Corporate Entertainment

EIC Dubai 75th Anniversary Dinner Queens Grill, QE2, Dubai

11 December Management Course

EICDataStream Overview EIC Asia Pacific

11 December Management Course

EICDataStream Overview EIC Houston

12 December Technical Workshop

Enablers for Digital Transformation Emerson Solutions Centre, Aberdeen

12 December Business Presentation

EIC Scottish Members Update Emerson Solutions Centre, Aberdeen

8 January Business Presentation

EIC Members Update EIC Teesside

Get in touch Share your news and views...

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

Port of Spain and Georgetown

17 January Business Presentation

Opportunities with WorleyParsons Aberdeen venue tbc

23 January Management Course

Bidding to Win EIC London

23 January Corporate Entertainment

New Year Evening Networking

Revolution London, America Square, London

24 January Management Course

Technical Report Writing EIC London

25 January Business Presentation

The Ever-Changing Supply Chain

Aker Solutions, Aberdeen International Business Park

28 January Overseas Delegation

Nigeria Lagos

29 January Industry Overview

Fundamentals of Subsea EIC London

30 January Industry Overview

Fundamentals of FPSOs EIC London

For more information and to book visit www.the-eic.com

Forthcoming events

February – June 2019

BO O NO KI W NG

7 February Industry Overview

Fundamentals of Oil and Gas EIC London

10 February Overseas Delegation

India

Petrotech 2019

11 February Overseas Exhibition

Egypt Petroleum Show New Cairo Exhibition Centre

21 February Corporate Entertainment

EIC Middle East Golf Tournament The Els Club, Dubai

1 April Overseas Delegation

Oman Muscat

16 April EIC Connect

EIC Connect Oil, Gas & Beyond Dusit Thani, Abu Dhabi

6 May Overseas Exhibition

Offshore Technology Conference NRG Park, Houston

13 May Overseas Delegation

Canada Calgary

18 June Overseas Exhibition

Oil & Gas Asia

Kuala Lumpur Convention Centre

18 June Export Showcase

Energy Exports Conference

Aberdeen Exhibition & Conference Centre

BO O NO KI W NG

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ADIPEC 2018: bigger and better than ever before We’ve been hosting the UK pavilion at ADIPEC for over 20 years now, and each year the event goes from strength to strength. Highlights from the 2018 edition include: • The largest UK pavilion we’ve ever managed anywhere, a massive 1,056sq m hosting over 70 exhibitors • Opening of the UK pavilion by the new British Ambassador to United Arab Emirates Patrick Moody • One-to-ones in the group lounge with BP, Iraq Ministry of Oil, Petrofac, SABIC, SNC-Lavalin, WorleyParsons and more

Get in touch Share your news and views...

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• Tours of the UK pavilion by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, ADNOC Group CEO Sultan Al Jaber and Minister of State for Trade and Export Promotion Baroness Fairhead CBE • Launch of EICAssetMap Middle East • Breakfast briefing with BP’s Bob Dudley

With thanks to our sponsors

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Overseas events

As 2018 draws to a close, the Overseas Events team looks back on what has been a very busy and successful year, some of our highlights included:

Enhanced value-added offers 191 exhibitors

New UK pavilion presentation area

10 UK pavilions

OTC Houston 2018 ‘As in previous years, the quality of leads and introductions supported by the EIC at OTC 2018 was excellent. A great example of this was an on-stand introduction to senior ADNOC procurement staff by the highly proactive CEO of the EIC – Stuart Broadley. It’s a real advantage to PJ and other UK companies to receive such excellent support from the whole EIC team who are so focused on generating value for its members.

Thank you all.’

Dan Munro, Group Managing Director, PJ Valves

2 PNR exhibitions

2 trade delegations

VIP visitors: ADNOC, Baroness Fairhead, British ambassadors

Rio Oil and Gas 2018 ‘EIC provided an excellent platform for quality networking, allowing us to showcase our capabilities to many major clients in the region.’ Richard Pamley, Armacell ES World Nuclear Exhibition 2018 ‘The EIC team were very professional and responsive to our requirements. They ensured we were put in front of the right audience and contacts and created many great opportunities, thank you.’

Corinne Matthews, Nuclear Southwest

2019 is set to be even bigger, better and busier We are visiting even more events and countries: Africa Oil Week, Asia Pacific Wind Energy Expo, Senegal & Mauritania, Trinidad, Tobago & Guyana to name a few. Check out our 2019 events...

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

@TheEICEnergy

Energy Industries Council (EIC)

AssetMap The EIC’s O&M database maps all major facilities across all sectors covering Europe, the Middle East and Asia Pacific

Key features • • • • • •

Fully interactive: search for facilities by location, sector and operator

Make the right connections: find out who you need to do business with at each facility

Use it on the move: tablet friendly so your sales force can take it with them on the road Unlimited company access: add as many colleagues as you like to your account Stay up to date: EICAssetMap is updated daily by our expert analysts

Track the lifecycle of assets: from start-up through to decommissioning

If you work in the O&M sector, or are thinking about entering this lucrative market, get ahead of the competition with EICAssetMap

CO N UN EW TR IE S

The UK • Norway • Bahrain • Kuwait • Oman • Qatar • The UAE • Brunei • Malaysia • Singapore

Visit

www.the-eic.com/EICAssetMap

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Spotlight on technology Oil & Gas Measurement

www.oilandgasmeasurement.com

SMARTMIX®

Oil & Gas Measurement Limited (OGM) designs and manufactures high quality metering products for the oil and gas industry. OGM’s products for custody (fiscal) transfer measurements applications (CTMA) include M&T’s helical turbine meters and multi-beam ultrasonic meters and a range of Maurer® sampling products. In addition, OGM has developed a unique SmartMix® technology, which combined with its sampling and online analysis product suite is expected to revolutionise the CTMA market.

The million-dollar mixing challenge

Effective mixing is critical in custody transfer of hydrocarbon liquids and poor mixing leads to inaccurate measurements resulting in unaccounted millions of dollars in the transfer process (revenue/cost).

SmartMix®: a unique mixing technology

SmartMix® technology was developed by OGM in collaboration with the University of Cambridge based on liquid jets in cross flow configuration and has undergone extensive testing for a wide range of water cuts (0.5–75%), achieving exceptional mixing efficiencies and accuracies.

Sign Get inup touch for the EICOnline newsletter

Visit Emailwww.the-eic.com/Forms/NewsletterSignup edward.white@the-eic.com • Phone +44 (0)20 7091 8600

The SmartMix® product brings a paradigm shift in custody transfer applications by exploiting in-depth knowledge of multiphase flow turbulence and the effect of strong-weak jet interaction for optimal and efficient mixing.

Today, SmartMix® technology has been adopted by a key UK North Sea operator.

SmartMix® key benefits • Greater than 97% mixing efficiency

• Efficient mixing even in the worst flow conditions (low velocities, low densities and/or low viscosities) • Up to 80% shorter nozzle – allowing for a very compact design • Zero pressure drop caused by nozzle/scoop assemblies • Significantly lower pump power requirement • No emulsification

Any EIC members who wish to be profiled in this section please contact Edward White, EIC Editor and Communications Manager edward.white@the-eic.com

Follow @TheEICEnergy

Join the EIC LinkedIn Group

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Celebrating 75 years with our members 2018 marks the EIC’s 75th anniversary, making us one of the world’s oldest trade associations. To celebrate this milestone, we’ve been carrying out lots of activities throughout the year.

One of our longest-standing members, Costain, decided to join in the fun, holding a special 75th event at its Manchester office on 7 November. Fully booked, over 40 delegates heard from government and industry figures on how the UK’s energy sector could be decarbonised through the use of hydrogen. For full details please visit: www.costain.com/news/news-releases/the-hydrogeneconomy-decarbonising-the-uk-energy-sector/

A big thank you to all of our 75th anniversary sponsors:

To find out more about all of the EIC 75th celebration events taking place please visit: www.the-eic.com/Events/FullEventsDiary.aspx Get in touch Share your news and views...

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

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UK and Europe news Regional update

November has been a truly cross sector month in terms of events, kicking off with a wellattended sector showcase Opportunities in the Energy from Waste Sector in Terri S ylveste r Teesside. This was followed with a fully booked event, the Hydrogen Economy – Decarbonising the UK Energy Sector, hosted by long-serving EIC member company Costain (see photos opposite) which offered some real insight into the important work taking place in this area. As I write, I am now on the train travelling to Manchester in readiness for EIC Connect Oil & Gas 2018 and what a great couple of days we have ahead of us with operators, contractors and supply chain companies ready to meet, discuss opportunities and do business.

Regional news

Merger, acquisition and divestment sprees in Europe

© 2003-2018 Shutterstock, Inc

In the power sector, the UK’s Competition and Markets Authority has cleared the merger between SSE and Npower. Once complete, it will create the UK’s second largest energy supplier. Iberdrola subsidiary Scottish Power has announced its intention to divest from hydro and conventional power generation and focus solely on wind power.

Drax Group will acquire the company’s generation assets for £702m.

Dates to note in December are: 11 December, the Horizon Nuclear Power – Opportunities at Wylfa Newydd (pictured) business presentation at the Nuclear AMRC in Sheffield, which is proving very popular. Then hot on its heels on 12 December we have an Enablers for Digitalisation breakfast briefing in Aberdeen followed by a Members’ Update session.

As 2018 draws to a close and we look to the new year ahead, now is the time to plan for events in 2019-20.

With regular regional events, the new (and not to be missed) Energy Exports Conference, EIC Connect Power, Nuclear & Renewables, and the EIC National Awards Dinner to name but a few, don’t forget to make budgetary consideration for attending as delegates, exhibiting and sponsoring at future events.

One last date to note, following the success of our summer networking evening, a new year networking evening, providing the chance to meet and make contacts across different sectors in an informal and relaxed setting is taking place on 23 January in London.

Terri Sylvester, Head of UK & Europe terri.sylvester@the-eic.com Sign up for the EICOnline newsletter

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

The transaction is scheduled to close by the end of 2018. In the oil and gas sector, Equinor has acquired operatorship and a 40% interest in the Rosebank development from Chevron for an undisclosed sum.

In continental Europe, Shell is divesting its Danish upstream assets, which will be sold to Norwegian Energy Company ASA (Noreco) for US$1.9bn. The transfer is expected to be completed in 2019. Finally, Neptune Energy has announced its acquisition of VNG Norge AS. The move gives Neptune a 30% interest in the Fenja development, three operational fields, two development projects and 42 licences on the Norwegian Continental Shelf.

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

Follow @TheEICEnergy

Join the EIC LinkedIn Group

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Middle East news Regional update

In December we all seem to ask ourselves: ‘Where has the year gone?’ Perhaps even more so here in the Middle East given the way in which the calendar year gets split Terry W illis according to the changes in climate and the moving list of holidays that rely on accurate sightings of the moon. This month can be a time of reflection as well as a time to forecast what we expect to happen during the next year with the constant feeling that time refuses to stand still and seems to disappear in the blink of an eye.

At the Dubai office, we have a major event taking place later this month on the 11th. As the EIC’s 75th year of operation draws to a close, we intend to ‘push the boat out’ (pardon the pun) and celebrate the occasion by holding a formal dinner for our members on the QE2, an icon that everybody will agree is a formidable player in the UK’s recent history. With some classy entertainment, we believe that this reflects the perfect celebration to close out what has been a very important year for the EIC. Of course, this type of event would not be possible without the support of our main sponsor, Imagine Cruising Group, who were quick to grasp the synergy of supporting us at such a prestigious venue for which we extend our sincere thanks.

Last month’s ADIPEC was again a fantastic success.

Already the largest oil and gas global gathering in the world, it once again surpassed all expectations in terms of visitors and engagement at the newly laid out EIC lounge that this year incorporated a dedicated presentation area, kindly sponsored by Wood who incidentally once again supported our networking reception where we were pleased to welcome the UK’s Minister of State at DIT, Baroness Fairhead. Her speech entailed a detailed insight into the UK government’s plans to encourage and support increased exports post Brexit.

Looking ahead to 2019, we are working hard on two of our signature annual events, our golf tournament and our very own EIC Connect. For the golf, we are delighted that last year’s sponsor Triplefast has once again come forward to support the 2019 event while for EIC Connect, we are keeping our fingers crossed that we can once again rely on the strong support of ADNOC. The whole team at the EIC Dubai office wishes to extend their warmest seasonal greetings to all our readers and we sincerely hope that 2019 delivers and meets everybody’s high but not unreasonable expectations.

Terry Willis, Director, Middle East, Africa & CIS terry.willis@the-eic.com Sign up for the EICOnline newsletter

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Regional news

New Iraq national oil company names oil minister as chief

Iraq’s Oil Minister Jabar al-Luaibi has been named as the head of a new national oil company which will serve as an umbrella organisation for state oil firms.

The new company, approved by Iraq’s government in March, will manage the country’s upstream operation.

BP and Eni to work together in Libya UK supermajor BP, Italy’s Eni and Libya’s National Oil Corporation have signed a letter of intent to work together on exploration and production work in the North African nation, which has stalled since 2014 due to widespread unrest across the country.

The parties agreed to work towards Eni acquiring a 42.5% interest in the BP-operated exploration and production sharing agreement (EPSA) in Libya. On completion, Eni will also become operator of the EPSA. BP currently holds an 85% working interest, with the Libyan Investment Authority holding the remaining 15%. The agreement includes three contract areas, two in the onshore Ghadames Basin and one in the offshore Sirt Basin, covering a total area of around 54,000km2.

Forthcoming events

Please go to page 16 to see upcoming events in your region

Follow @TheEICEnergy

Join the EIC LinkedIn Group

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North and Central America news Regional update

It is hard to believe that we are approaching the end of another year. Over the last twelve months, as the energy market has realised some stability, we have also seen an Amand a Duho n openness to engage by the energy industry in the region re-emerge. This was evident at a series of very successful events the EIC Houston office has organised from market updates, sector and regional showcases, a 75th anniversary night at the Houston Rockets and the second annual EIC Connect Oil & Gas USA event.

Over the next 12 months we will deliver several events to further examine opportunities across the region and connect our members with key decision makers. We will hold, in partnership with the Canadian Trade Commission in Texas, a Canadian Regional Showcase, with a focus on LNG and Canadian Atlantic offshore opportunities. We are also working to host EIC Connect: Mexico Energy Forum in Mexico City, the 3rd annual EIC Connect Oil & Gas USA, an offshore wind event in the north-east United States, trade missions to Trinidad and Tobago, Guyana and Canada, the UK pavilion at OTC 2019, and much more.

For the time being though, the EIC Houston office wishes everyone a happy holiday season and a productive 2019!

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

Regional news

Fluor and JGC rake in US$14bn following LNG FID Fluor Corporation and JCG Corp will take forward the engineering, procurement, fabrication, and construction contract for LNG Canada’s LNG export facility in Kitimat, British Columbia. The US$31bn Kitimat export terminal will comprise: four 6MMtpa trains, two LNG storage tanks, process cooling towers, plant piping and facility site flare systems.

Trinidad and Tobago shallow water auction

An upstream licensing round for shallow waters offshore Trinidad and Tobago took place in midNovember. Blocks offered in the round include: NCMA 2, NCMA 3, 1(b), U(c), and Lower Reserve L. The call for onshore block Charuma A and B has been postponed and will now take place in 2019.

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

BO O NO KI W NG

Get in touch Share your news and views...

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

27 27

South America news Regional update

We’ve had a successful 2018 at the EIC Rio office. Overall, we hosted 14 events with over 370 attendees. We were delighted to receive speakers from the likes of BHGE, Teekay, Sapura, the Amand a Duho n Brazilian Petroleum, Gas and Biofuels Institute, among others. We launched our first EIC Country Report for the Americas region focusing on Brazil, hosted the first and very successful Brazil Energy Future Summit and managed the UK pavilion at Rio Oil & Gas. These activities have provided a clear message that South America, specifically Brazil, has a need for a well-developed local supply chain across oil and gas, renewable energy and alternative sources for decarbonisation. A main area for opportunity in the region is Brazil, following the recent bidding rounds in September for exploration areas where operators have agreed to invest US$781m in activities. New projects are being developed, reinforcing Brazil’s appeal as one the world’s main investment destinations in the oil and gas industry.

Regional news

Petrobras strengthens partnership with CNODC

Petrobras and the China National Oil and Gas Exploration and Development Company (CNODC) have signed a business model agreement advancing their partnership for the completion of the Comperj refinery, a US$16bn project in Rio de Janeiro suspended in 2015. The agreement calls for a feasibility study, to be carried out by specialists from both companies, to define the refinery’s technical status, investment case and remaining scopes. Once the study is completed, the two companies plan to create an 80:20 joint-venture led by Petrobras that will conclude and operate the facility. The agreement also saw CNODC acquire a 20% interest in the Marlim oil field complex in the Campos Basin.

We are delighted to announce our Head of Americas Clarisse Rocha gave birth to a healthy baby boy in October.

We look forward to welcoming Clarisse back to the office in April 2019. In the meantime, we are working with several EPCs to take forward business presentations to close out the 2018-19 events calendar in Rio: watch this space!

The EIC team at Brazil Energy Future Summit

From all of us in Rio, we wish our members a happy holiday season and all the best in 2019.

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

First Argentine offshore bidding round in 25 years to go ahead

Government officials have given the green light to the country’s first bidding round for offshore blocks in more than 25 years. There will be 38 blocks on offer, of which 18 are located in the Malvinas Oeste Basin, 14 in the Argentina Norte Basin and six in the Austral Marina Basin.

Water depths are varied, ranging from 100 to 4,000 metres. Roadshows will take place in Houston and London, with bids scheduled to be submitted in February 2019.

Shell, a key player in Argentina’s Vaca Muerta shale play, is reportedly interested in joining the bidding process.

Forthcoming events

Please go to page 16 to see upcoming events in your region

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28

Asia Pacific news Regional update

The event was attended by 200 delegates from various energy sectors in Malaysia, while 25 speakers from major industry players gave brief presentations with topics ranging from the outlook of energy projects in Malaysia to the latest technology employed in the region and the issues facing the country’s clean energy programme. Among the speakers were high level representatives from PETRONAS, Johor Petroleum Development Corporation, Malaysian Marine & Heavy Engineering, Mubadala Petroleum, Sapura Energy, SBM Offshore, Shell and TechnipFMC. Twenty companies took part in over 150 one-to-one appointments throughout the day.

Malaysia’s Deputy Minister of Energy, Science, Technology, Environment and Climate Change Isnaraissah Munirah gave a keynote address and spoke about the new government’s aspirations for clean energy in Malaysia. Other notable attendees included the British High Commissioner to Malaysia Vicki Treadell and PETRONAS’ Head of Corporate Strategy, Rahim Mohmood.

In the preceding week on 25 October 2018, we hosted 50 technology companies at our Kuala Lumpur office.

Nine UK technology companies pitched to Malaysian technology companies in a bid to find the most suitable partner for their respective businesses.

In collaboration with the BMCC, EIC Asia Pacific has organised a two-hour talk entitled Transition to Renewables. Malaysia’s Minister of Science, Technology, Environment and Climate Change HE Yeo Bee Yin is gracing the occasion as a special guest.

Other speakers at this event will be PETRONAS and Shell Malaysia.

The end of November took us to Singapore, where we hosted the UK pavilion at another busy OSEA 2018.

Azman Nasir, Head of Asia Pacific azman.nasir@the-eic.com

Get in touch Share your news and views...

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

Regional news

H-Energy aims for Kukrahati FID

India’s H-Energy is targeting a final investment decision (FID) by December 2018 for its planned floating storage unit-based liquefied natural gas regasification project in West Bengal.

© 2003-2018 Shutterstock, Inc

On 31 October 2018 we held EIC Connect Energy Malaysia in Kuala Lumpur in association with PETRONAS, the BritishAzman Malaysia Chambers of Nasir Commerce (BMCC) and the Malaysian Oil & Gas Services Council.

Pertamina plans global bond to finance upstream investments

The Indonesian state-owned oil and gas firm PT Pertamina plans to issue a global bond to help finance its long-term investments, particularly in the upstream sector. The bond is anticipated to be issued before the end of 2018. Pertamina will require huge financing to develop its various upstream assets particularly as the government has decided to transfer operatorship of 11 oil and gas blocks, where current contracts are set to expire in the 2018-23 period, to the state firm.

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

Contact us ABERDEEN TEESSIDE LONDON HOUSTON

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

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EIC (Energy Industries Council)