Inside Energy December 2023 by Energy Industries Council

Monthly news for EIC members December 2023

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Guest editorial Linking producers and offtakers is key to scaling up hydrogen with Cleary Gottlieb

Concluding our celebrations of the EIC’s 80th anniversary

Spotlight on technology New Subsea Swivel qualification programme successfully completed by Web Nordeste

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Sector analysis Subtle winds of change: navigating through Taiwan’s evolving offshore wind development landscape Taiwan holds the position of the third most significant player in Asia Pacific’s offshore wind sector, following Australia and South Korea. Accounting for 20% of the proposed offshore wind capacity in the region, 47% of the country’s total proposed capacity additions are earmarked for floating offshore wind projects. Taiwan benefits from optimal atmospheric conditions for harnessing offshore wind energy. The Taiwan Strait magnetises global attention with wind speeds between 10m/s and 12m/s. The potential capacity is gauged to be between 6-10GW. The country has set ambitious goals: a capacity of 5.7GW by 2025 and a long-term target of 15GW by 2035. All of these efforts converge towards a singular aim – achieving net-zero emissions by 2050. Of the 36.8GW capacity that’s on the drawing board, a significant 69% is still navigating the planning corridors. Despite the nascent stage of most floating wind projects, the market exudes an openness, welcoming over 60% of developers from European and Western countries. At present, Taiwan’s operational offshore wind portfolio comprises three projects: Formosa 1 Phase 1 and 2 wind farms with a cumulative capacity of 128MW, the Changhua South (Taipower) wind farm with 110MW and the Formosa 2 wind farm with 376MW. Following Formosa 2’s achievement of starting its commercial operations in September 2023, which marked it as the first operational project from the second offshore wind auction round (Round 2) to do so, eyes are now turned to another key project from the same round: the Hai Long project. The project was expected to reach a financial close over a year ago, but it has faced unexpected setbacks. Surging costs on essential commodities, ranging between 40-50%, have put the project’s economic viability at risk. Despite the challenges, the 1,044MW Hai Long successfully reached its financial investment decision (FID) in September 2023, highlighting the varied developmental pace of projects from the same auction round. Taiwan’s Round 3 auctions aim for an overall 15GW capacity from 2026 to 2035. The initial Round 3.1 auction in Q3 2022 targets a 3GW capacity addition for 2026/27. However, it’s worth noting that not all players are diving headfirst into these waters. Notable player Ørsted had opted to abstain from submitting a bid during the first auction of Round 3, citing regulatory constraints combined with rising inflation and interest rates, making projects less viable. In December 2022, the Ministry of Economic Affairs shortlisted seven projects under Round 3.1. Yet, by its conclusion on 30 August 2023, only five developers had finalised the signing processes.

Khairu

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The intended 3GW capacity from this auction round witnessed a shortfall, securing only 2.335GW for the 2026/27 grid connection. Such delays have injected market scepticism, influencing stakeholders across the board, including project developers, investors and supply chain businesses. Post Round 3.1 awards, project owners confront a myriad of challenges, primarily centred around the supply chain and financing. Drawing a parallel, the Hai Long project took four years to transition from soil analysis to construction commencement. If the Round 3.1 projects mirror this timeline, they would commence construction in 2028 and conclude in 2030 – a delay that starkly contrasts with the targeted 2026/27 completion. The aftermath of the first Round 3 auction brought to light certain challenges, particularly the stringent local content rules set at 60%. In response, there’s a noticeable shift as Taiwan preps for the second Round 3 auction aimed at 2028/29 construction. A slew of changes has been integrated into the Round 3.2 rules by the Energy Administration: 1. Capacity Revisions: projects can now receive up to 900MW, with subsequent projects at 700MW, and others at 500MW. An extra 100MW is available for optimal utilisation. 2. Multiple Project Developers: developers with multiple projects are capped at 500MW per project. 3. Density Requirement: a minimum density of 7MW/km2 is mandatory. 4. Selection Procedure: a two-stage process remains. Evaluations will be made based on technical and financial competencies and local content needs to hit a threshold of 70 points, followed by an auction with a ceiling of NT$2.49. 5. Flexible Local Content: a ‘buffet’ concept has been introduced and major components are categorised into two: those wholly manufactured in Taiwan and those assembled using various components. This allows developers to earn partial credits. Taiwan’s revamped Round 3.2 approach to local content presents a conundrum. While the shift from mandatory categories to a flexible buffet concept brings relief to developers, it inadvertently jeopardises domestic businesses that have heavily invested in anticipation of previous regulations. Despite turbines traditionally being a project’s priciest component globally, in Taiwan, foundations carry that hefty price tag, especially as Round 3.2 ventures into deeper, more complex waters. While the new system seems to cater to developers’ preferences, it is yet to be seen if it genuinely addresses the intricacies of the challenges at hand or if it merely shifts the problem’s contours. Khairun Suffia, Energy Analyst (APAC) khairun.suffia@the-eic.com

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Inside this issue... What a way to finish such a special year for all of us at the EIC. We’ve had the honour of taking home the trophy for Market Leliam de Cast ro Intelligence Platform of the Year from this year’s OWI Global Awards. Its a huge testament to the hard work that our team achieves with EICDataStream, EICAssetMap and EICSupplyMap and the value that they provide to our members worldwide across all energy sectors. The OWI Global Awards, organised by Offshore Network, is the annual celebration of the best in global well intervention excellence. John Petchey, the EIC’s membership manager for Scotland, Northern Ireland & Scandinavia, received the award, pictured. We thank Aveva, Baker Hughes, Balmoral, Belzona Polymerics, CALGAVIN, deugro, Emerging EPC, Metron, NRL Group and Proserv for being part of our last batch of celebratory one-to-ones for our jubilee. Here’s to another 80 years of service.

Photo © Samuel Whitton Photography

Contents

As the year comes to a close, those who have been with us for a while know that preparations have begun for the next instalment of the Survive & Thrive Insight Report. After reaching a record 96 companies in 2023, we expect to feature even more success stories from members in the next edition, the eighth since the first came out in 2016. If you want to know more or to join us in this project please visit www.the-eic.com/MediaCentre/Publications/SurviveandThrive

Sector analysis

Inside this issue...

ONE-TO-ONE

EIC databases

As for this edition of Inside Energy, we hope you enjoy our overview of the Taiwanese offshore wind market by Khairun Suffia, energy analyst for the Asia Pacific region at the EIC; Cleary Gottlieb’s guest editorial, penned by Chris Moore, Lynn Ammar and Pablo Mateos Rodríguez, on the challenging road to green hydrogen; Siemens Energy’s HYFLEXPOWER and Web Nordeste’s new Subsea Swivel qualification programme.

Guest editorial

Member’s news

As always, thanks for regional comments from our directors in Europe, the MENA region, Asia Pacific and the Americas. As well as members news, readers can also keep up with the latest industry movements globally. We hope you have a good read and, of course, happy holidays ahead. See you in the new year. Léliam de Castro, Head of Marketing and Communications leliam.castro@the-eic.com

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Spotlight on technology 23 New EIC members

Member news

Social media round up

Events calendar

International trade

UK and Europe news

Middle East news

Asia Pacific news

North America news

South America news

Survive and Thrive VII

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INSIDE ENERGY CELEBRATING OUR 80 TH ANNIVERSARY

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Roy Calder, Oil & Gas Industry Principal, New Energies, AVEVA Group Plc

ONE-TO-ONE How has the EIC helped you through the years? How has your experience been so far?

Where would you like to see AVEVA and the EIC in the next 80 years?

We have used EIC’s project databases to identify potential leads and plan approaches to how to engage with the many players out there. In addition, we have used EIC events to get introductions to both end client and EPC companies both in the UK and the Middle East.

This is an extremely difficult question to answer if I’m honest. But here goes.

Today as projects change from what could be called ‘the traditional’ space to new emerging technologies such as green and blue hydrogen and CCUS we are finding that our usage of the data provided by the EIC is increasing, not diminishing as the traditional oil and gas projects start to wane.

In 80 years the industrial landscape will be very different to that we see around us today. However, I am reminded of the old adage ‘the Stone Age did not end because we ran out of stone’ thus I foresee that the oil and gas industry will still have a role to play in the energy market. However, we will also see other energy avenues opening up for both the EIC and AVEVA. In particular I would like to see AVEVA and the EIC at the forefront of these new technological areas.

Having only become an avid user in the last year I am finding that the amount of data and depth is better than I have seen from other sources that we use for other industries. In particular as we have expanded this usage globally I am seeing our sales teams relying more and more on what they are able to glean from the databases and are really starting to exploit this data to expand our software footprint around the globe.

Whether it is what we already foresee such as small modular reactors (SMRs) or something that is, as yet on the drawing board or just a dream I would see the EIC identifying these new technologies as they raise their heads above the development parapet and establishing engagements for AVEVA and other companies, to support, nurture and develop these technologies to society’s benefit.

What are the synergies between AVEVA and the EIC?

About AVEVA

As outlined above we have, traditionally, used the EIC as a source of data and information to expand our software footprint. Our senior leaders are currently looking to see how best we can expand the joint synergy possible between our organisations, specifically in nontraditional geographies and technologies as we look to expand our approach to emerging technologies such as hydrogen and CCUS for example.

Over 20,000 enterprises in over 100 countries rely on AVEVA to help them deliver life’s essentials: safe and reliable energy, food, medicines, infrastructure and more. By connecting people with trusted information and AI-enriched insights, AVEVA enables teams to engineer efficiently and optimise operations, driving growth and sustainability.

Specifically, we are currently investigating how AVEVA can better engage with the EIC and the other members. As our offering to the market evolves we really need to find how best to engage more in EIC events to utilise this channel as part of our overall Go To Market avenue.

Named as one of the world’s most innovative companies, AVEVA supports customers with open solutions and the expertise of more than 6,400 employees, 5,000 partners and 5,700 certified developers. With operations around the globe, AVEVA is headquartered in Cambridge, UK. D EC E M B E R 2 0 2 3

Victor Farid, Business Leader, Integrity Management, Baker Hughes

ONE-TO-ONE How has the EIC helped you through the years? Any interesting stories to tell? We use EIC mainly for two things: market information and networking. On marketing information, we enjoy the frequent updates of general news of the market, especially in the regions we don’t have a big presence and EIC gives us a pulse on the ground. In general, Survive & Thrive is an event we enjoy, both on running for the awards and meeting participants during the event. This year was a very interesting mix and I left with useful business cards that translated into important exchanges. What are the synergies between Baker Hughes and the EIC? Both companies are looking at the broad spectrum of the energy market, from oil and gas to offshore wind, to onshore solar. We also appreciate innovative solutions, specially the ones that increase operational safety and productivity.

I would love to see us both consolidated in the energy transition market, with a solid presence in renewables and expanding into new relevant regions.

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Baker Hughes is an energy technology company that has a diverse portfolio of equipment and service capabilities that span the energy and industrial value chain. The company’s two operating segments are organised based on the nature of its markets and customers. Oilfield services and equipment provides solutions for onshore and offshore oilfield operations across the lifecycle of a well. Beyond the traditional oilfield concentration, Baker Hughes is expanding into new energy areas such as geothermal and CCUS. Industrial and energy technology combines an array of expertise for industrial and energy customers. Its solutions unlock the ability to transform, transfer and transport energy efficiently, while capturing and cutting emissions, solving a fundamental challenge behind the energy transition: reducing environmental impact, while maximising efficiency, productivity and reliability.

Where would you like to see Baker Hughes and the EIC in the next 80 years?

About Baker Hughes

Gary Harris, Group Marketing and Communications Manager, Balmoral

ONE-TO-ONE How has the EIC helped you through the years? Any interesting stories to tell? The Energy Industries Council (EIC) has been an invaluable partner for Balmoral. The EIC has played a crucial role in our growth and success by providing key networking opportunities and market intelligence for over a decade. One of the significant contributions of the EIC has been with business development. Through its support, we’ve been able to explore new markets and establish important connections. EIC has offered us a prominent platform to showcase our solutions and services at some of the world’s largest energy exhibitions and conferences. This exposure has been instrumental in enhancing our brand visibility and attracting potential clients and partners. Its support has been pivotal in our journey, and we look forward to this partnership for years to come. What are the synergies between Balmoral and the EIC? The synergies between Balmoral and the Energy Industries Council are founded on a shared commitment to providing value, expertise and quality to their clients within the energy industry.

While EIC enhances its members’ global network, facilitates trade and supports diversified growth, Balmoral offers technical expertise and evidencebased product solutions in buoyancy, protection and insulation. Both prioritise the delivery of the highest quality services, with EIC enriching its member companies and Balmoral ensuring success for its clients. Additionally, the tradition-steeped commitment of both organisations to excellence is complementary. Where would you like to see Balmoral and the EIC in the next 80 years? In the next 80 years I’m confident it will involve a sustained commitment to provide value, expertise and excellence for the EIC and Balmoral. Individually and collaboratively, both Balmoral and EIC are in a great position to support the future of the energy industry and can be excited about the future. About Balmoral Balmoral is a trusted partner to the global offshore energy sector. It offers unrivalled technical expertise, a vast project track record, evidence-based buoyancy, protection and insulation product solutions. This, combined with an open approach to stakeholder engagement, ensures success.

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Jérémie Maillard, Export Sales Director, Belzona Polymerics Limited

ONE-TO-ONE How has the EIC helped you through the years? Any interesting stories to tell? Being a member of the EIC has been incredibly valuable for Belzona over the years. From the combination of supply chain and energy market expertise, access to proprietary data as well as its extensive range of online and in-person events, we have gained a wealth of knowledge and opportunities from our partnership. Particular highlights include the co-ordination of events in London, the US and Singapore. These have been great networking opportunities and have helped to create more business for Belzona. What are the synergies between Belzona and the EIC? In terms of synergies, Belzona solutions can be applied in a variety of application areas within a number of energy industries including oil and gas, wind power, hydropower, solar power, waste-to-energy and hydrogen. As the EIC provides market intelligence for these energy industries, this knowledge, as well as future forecasts about these industries, is incredibly valuable to Belzona. It plays an important role in influencing our strategic business plans; ensuring our plans are grounded in the latest research and developments within these industries. In turn, this helps to maintain the continued success and growth of the business.

Over the years, we have been proud to have been able to support the EIC’s network of energy company customers, suppliers and partners with our comprehensive range of polymeric solutions. These solutions have been proven to reduce costs and help asset owners to offset their carbon footprints across a variety of industries.

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Also, over the next 80 years, we aim to continue to support the EIC in reinforcing its position in front of key energy stakeholders and governments to encourage policies that meet energy supply chain needs. About Belzona Established in 1952, Belzona specialises in the design and manufacture of repair composite materials and protective coatings for machinery, equipment, buildings and structures. Belzona offers the solution to an extensive range of engineering problems and repair situations. From full turnkey systems to simple in-situ repairs, its innovative materials provide the answer to a variety of industrial issues, including erosion, corrosion, chemical attack, abrasion and wear, water and weatherproofing.

Where would you like to see Belzona and the EIC in the next 80 years?

As the energy makeup of the world is set to undergo a seismic shift over the upcoming decades, more than ever before, Belzona technology is set to play a vital role in supporting this transition. We look forward to meeting the ever-changing and evolving needs of our customers by continuing to successfully research and develop solutions that support these evolving industries. For example, we are currently in the process of formulating products made from bio-based materials that are produced from sustainable plant-based feedstocks, rather than the traditional fossil-fuel based ingredients.

Simple, safe and effective solutions allows Belzona to assist with demanding projects by providing benefits rarely found elsewhere, including minimised downtime, reduced health and safety risks and simple application techniques. In turn, these solutions help asset owners to not only reduce their environmental impact, but to also make significant financial savings. The environmental credentials of its technology is encapsulated in its new business strapline: ‘Polymeric Solutions for a Sustainable Future’.

Martin Gough, Managing Director, CALGAVIN

ONE-TO-ONE How has the EIC helped you through the years? Any interesting stories to tell?

Where would you like to see CALGAVIN and the EIC in the next 80 years?

Initially, some 30+ years ago now, membership of the EIC was more focused on providing information on business opportunities abroad and the organisation of business introduction and development missions to research foreign export targets. Being a very small company at the time, these helped CALGAVIN break into foreign markets and meet potential clients not easily accessed otherwise. Long before the word networking was coined as a human activity, it was through these group activities one learnt the how to develop business opportunities with very different cultures.

You know when something is very good when you consider how you would feel without it. For CALGAVIN, the EIC has grown to be part of its business development structure, without it there would be something missing. In the next 80 years, I envision CALGAVIN and the EIC as leading forces in shaping the future of global energy. CALGAVIN being at the forefront of cutting-edge heat transfer technologies, revolutionising industries worldwide with sustainable and efficient solutions. The EIC might have evolved into a pivotal organisation that has accelerated the adoption of groundbreaking energy innovations, contributing significantly to a cleaner and more sustainable planet. Together, our collaborative efforts could leave an enduring legacy for future generations in the field of energy and sustainability.

The EIC has grown exponentially and particularly in recent years, building and widening its company support activities and changing quite quickly by embracing new media and communication technology opportunities as they have materialised. The EIC is the face of the UK’s energy industry on an increasingly global basis more particularly with the excellent organisation of UK energy group pavilions. The exhibitors network area has been most useful and has steadily expanded to incorporate invited presentations from companies and dignitaries that would not at all be easy to achieve without the EIC having developed these prestigious and most valuable contact opportunities.

About CALGAVIN CALGAVIN is a unique chemical engineering and consulting company working in the field of thermal process enhancement, modifying flow conditions in existing equipment to improve and optimise plant performance. It provides products and services supported by fundamental and applied research to meet a wide range of client needs.

What are the synergies between CALGAVIN and the EIC?

The synergies between CALGAVIN and the EIC primarily revolve around our shared focus on energy innovation and efficiency. CALGAVIN’s expertise in advanced heat transfer solutions compliments the EIC’s mission to support and promote innovative energy technologies. Together, we can drive the development of more efficient and sustainable energy systems, benefiting both organisations and the broader energy industry.

As globally accredited thermal engineers the company provides detailed engineering design together with associated guarantees for both new and retrofit projects. Its engineering services include analytical engineering, design services and CFD analysis. CALGAVIN has supplied its unique heat exchanger enhancement technologies to over 20,000 exchangers across industries in over 50 countries. Meeting the broad range of customer requirements, CALGAVIN has been designing, developing, manufacturing, packaging, delivering and installing its highquality products and services globally for over 40 years. D EC E M B E R 2 0 2 3

Jasmina Tuncheva, Senior Tender Manager – Global Tender Management, deugro (United Kingdom) Ltd

ONE-TO-ONE How has the EIC helped you through the years? Any interesting stories to tell? deugro has been a longstanding member and supporter of the EIC. The EIC has no competition as far as market intelligence is concerned. EICDataStream is the best industry source to find out about new projects to tender. The EIC is also doing a brilliant job at organising events such as The North Sea Decarbonisation Conference and other industry networking opportunities which we always look forward to attending. What are the synergies between deugro and the EIC? deugro, similarly to the EIC, has expanded its focus from the traditional oil and gas industry to all energy sectors, including nuclear, hydrogen, renewables, infrastructure, mobility and mining. We at deugro, similar to the EIC, are embracing new technologies, digitalisation, innovation and energy transition.

deugro is a highly specialised project freight forwarder with a strong focus on turnkey logistics solutions for various industries. EI C I NSI DE ENERGY

We make the impossible possible. And we thrive in taking on the most challenging tasks. In the next 80 years we would like to see deugro remaining the market leader at the helm of the project forwarding industry driving forward with digitalisation, innovation, sustainability and energy transition. About deugro deugro is a highly specialised project freight forwarder with a strong focus on turnkey logistics solutions for various industries. The company was founded in 1924 in Frankfurt am Main, Germany, and has a proven track record in successfully executing projects of any magnitude, even under the most challenging conditions and requirements.

Where would you like to see deugro and the EIC in the next 80 years?

Our company has a proven track record in successfully executing projects of any magnitude, even under the most challenging conditions and requirements. 2024 marks deugro’s 100th anniversary.

Thanks to a vast network of more than 70 company-owned offices in over 40 countries, deugro leverages comprehensive and indepth expertise around the world to deliver on its promise.

Kamarul Johan, Executive Director, Emerging EPC Sdn Bhd

ONE-TO-ONE How has the EIC helped you through the years? Any interesting stories to tell? Emerging EPC Sdn Bhd has been a member of EIC since 2015 and has been taking advantages of its participation in most EIC events to network and develop relationships with prospective customers and business partners in the energy sector. The company has been able to increase its visibility and demonstrate its capabilities to a larger audience by participating in events while networking with other members. Furthermore, the EIC platform has given Emerging EPC market knowledge and insights that have improved the company’s comprehension of the demands and objectives of its target prospects. This has made it possible for the business to modify its products and services in order to better satisfy consumer demand while attracting new prospects. I still remember when we attended a networking event in Seoul, South Korea in 2019, meeting with all the giant Korean EPCC contractors which enabled us to finally register as a vendor. Today, we’re still a proud member of EIC and will continue to support EIC in every possible way. What are the synergies between Emerging EPC and the EIC? Sustainable construction: both companies are committed to sustainability and can work together to design and build sustainable infrastructure projects that minimise their impact on the environment and promote long-term environmental stewardship.

Knowledge sharing: Emerging EPC and the EIC can share their knowledge and expertise to develop best practices and new ideas, helping to drive innovation and improve overall performance. By working together, Emerging EPC and the EIC can create synergies that enable them to deliver more sustainable, innovative and impactful solutions for the energy sector. Where would you like to see Emerging EPC and the EIC in the next 80 years? Emerging EPC and EIC will continue to lead the way in designing and building sustainable programmes that promote environmental stewardship and resilience. Overall, if Emerging EPC and EIC can continue to innovate, embrace sustainability and stay ahead of the curve in terms of technology and workforce development, they have the potential to make a significant impact in the energy sector over the next 80 years. About Emerging EPC Emerging EPC Sdn Bhd is a leading independent system integrator in the South East Asia region recognised for experience, quality and reliability. The company is located in Puchong, Selangor in Malaysia.

Global expansion: the companies can collaborate to expand their operations globally, leveraging their expertise and experience to address infrastructure challenges in developing countries and emerging markets. Workforce development: both companies can work together to invest in workforce development programmes to train and develop the next generation of engineers and professionals.

Its clientele includes energy industry players. Emerging EPC specialises in rotating equipment, filtration and separation and it supports pipeline projects with its non-metallic pipes and fittings. With its comprehensive in-house industry knowledge and experience, Emerging EPC offers a complete range of engineering solutions from project conceptualisation to realisation to after-sales support. Clients can be assured that the company makes every effort to meet clients’ requirements and satisfaction. D EC E M B E R 2 0 2 3

Jon Gill, Director – Strategic and Business Development, Metron Group Ltd

ONE-TO-ONE Why did you become an EIC member? How has your experience been so far?

Where would you like to see Metron and the EIC in the next 80 years?

Metron relies heavily on understanding client businesses and industry issues to craft solutions that address their specific challenges. While client-led initiatives are common, we often devise approaches that suit a particular issue or collection of issues. Traditionally, this insight is achieved through resource-intensive means such as one-to-one conversations, industry working groups and conferences. While we expect this to remain a key part of our approach, we aim to enhance focus by using EIC data on projects and general activities in the industry. This shift is crucial amid industry flux, marked by political and environmental changes. Considering diversification into other markets, EIC data will further help us with initial market analysis, supporting strategic decisions for future growth.

We envision an ongoing collaboration between ourselves and the EIC, sharing industry insights and market intelligence. This ensures a continuation of developing and delivering solutions that align with the continually changing needs of our market. By sharing and staying aware of current trends, coupled with longerterm horizon scanning, we will continue to deliver highvalue solutions and consequently, meet the needs of all stakeholders. This includes achieving our sustainability objectives and supporting our local community.

What are the synergies between Metron and the EIC? We recently became a member of the EIC and its already evident that the data and value-based approach of EIC aligns with our approach to our clients. We like to develop solutions that fulfil specific needs and can demonstrate value, distinguishing us from a commoditised market. Becoming an EIC member will strengthen our ability to uphold these principles and enhance our capacity to deliver distinct value to our clients.

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About Metron Metron is an independent engineering service company dedicated to improving asset reliability, production efficiency and environmental performance in the energy industry. The company addresses business critical issues to optimise topsides processing equipment, including rotating machinery, controls and instrumentation and other ancillary systems for improved availability and performance. Additionally, Metron offers a comprehensive solution for ageing and obsolete systems, especially when OEM or vendor support is no longer available. Metron’s turnkey service reduces costs and delays typically involved in engineering control system retrofit projects.

David Redmayne, Chief Executive Officer, NRL Group Ltd

ONE-TO-ONE Why did you become an EIC member? How has your experience been so far? This year the NRL Group celebrates 40 years in business, and it’s fair to say a great deal has changed in the energy sector over the decades. That’s why it was important to us to join a trade association that keeps members fully briefed with the latest industry insight and global energy project updates that help us shape our organisation. We’re passionate about partnering with our clients to understand their changing recruitment and service needs, as they adapt and grow their operations to invest in new technology and progress greener energy alternatives. This means we need to have a deep understanding of their markets and our EIC membership lets us do just that – through valuable sector insight and networking opportunities with peers. Powered with this sector knowledge we’re able to forge better workforce and contracting solutions for our clients, and it’s especially rewarding to see these developments come full circle when the EIC recognises our successes through the annual Survive and Thrive awards. What are the synergies between the NRL Group and the EIC?

– whether that’s building more inclusive workforces or championing environmental causes and net zero technology. We’re excited to play our part in the energy transition and shape the future across the globe. Where would you like to see the NRL Group and the EIC in the next 80 years? Our company values and ethos hasn’t changed in the last 40 years, and we don’t envision it will in the next 80. That’s because it centres around always doing the right thing, taking responsibility for the role we can play in progressing new technology and energy solutions – with the EIC also aspiring to be at the forefront of industry change. Globally recognised for the value we bring within our respective fields, through innovation and collaboration – continuing our roles as ambassadors for the energy sector. It’s something we’re extremely passionate about, and we know we’ll be spending the next 80 years shouting as loud as we can about the great job opportunities and rewarding careers available in the energy sector. About the NRL Group The NRL Group provides the people that play an integral role on major projects across critical sectors including renewable energy and power generation. From humble beginnings at Sellafield in 1983, today’s diverse global Group supplies a range of innovative resourcing and contracting solutions. The company works as a proactive supply chain partner, supporting engineering organisations to build diverse workforces with the skills now and into the future to meet the net zero energy transition, while its technical contracting businesses provides a range of non-destructive testing (NDT) and rail maintenance services in safetycritical environments.

Like the EIC we’ve grown our sector and geographical expertise over the decades, to provide global coverage – employing colleagues across the world. Something we could only aspire to when we had a small team supporting the nuclear sector in Cumbria when we first opened our doors in 1983.

The EIC’s passion to see the energy sector innovate and diversify over the decades is something we also share. We’re never comfortable sitting still, always keen to use our voice within the industry to push for change

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Angus Rodger, Vice President, Services, Proserv

ONE-TO-ONE How has the EIC helped you through the years? Any interesting stories to tell? When I think of the core strengths of the EIC, its connections and access, not only to good market intelligence and data, but to decision-makers and key stakeholders within major energy organisations, definitely come to mind. For a company of our significant global scale, this can be valuable at the exchange of ideas level, such as around decarbonisation or digitalisation strategies and gaining additional insight as to future intentions and trends. I believe this connectivity and reach demonstrate the EIC’s stature and position in the industry over the past 80 years. An interesting perspective for Proserv, particularly in the Middle East, has been regarding the unique Survive & Thrive (S&T) initiative with which we have engaged very positively, particularly as our service business has evolved over the past five years. This engaging insight report has given us a platform to communicate proactive decisions we took, and fundamental realignments we made, to become a trusted and close partner to national energy companies. Our inclusion in S&T has been a springboard to us winning several national and regional EIC awards in recent years, in multiple categories from Export to Service & Solutions.

We are both, in our different channels, pivoting strategies, our energies and attention into new areas of the market as the transition progresses. At Proserv, this revolves around harnessing our control system expertise, established over the past 60 years, and transposing that into sectors such as offshore wind and working with technology partners to innovate step change digital solutions applicable right across the industry. As a trade body, the EIC has a vital part to play to reflect the journey and aspirations of its members, now and into the future. EI C I NSI DE ENERGY

Where would you like to see Proserv and the EIC in the next 80 years? This is a difficult question! One thing for sure is that the relative changes witnessed over the first 80 years of the EIC’s lifetime are likely to be matched in just the next five or ten. Impactful factors such as global warming, machine learning and the relentless reach for new technologies are already acting as huge catalysts for change. Industries and markets sit on the brink of exponential growth as innovation opens doors to accelerating the transition. Yet none of this is an absolute given. The successful rollout of new technologies requires collaboration, knowledge sharing and sheer hard work to bring them to fruition, while their subsequent successful adoption needs boldness, vision and buy-in. The human element will be a fundamental factor as to the speed of change over the coming decades. About Proserv Proserv is a UK headquartered controls technology company, providing solutions to clients right across the energy sector to optimise performance, improve efficiencies and extend the operational life of critical infrastructure. The company has had a presence in control system design, development, engineering and installation for 60 years. It is currently leveraging this longstanding expertise and know-how to innovate new digital technologies, alongside partners, to support the future energy sector as it transitions, with a current focus on offshore wind. Proserv operates worldwide and has 13 sites located in the US, Europe, the Middle East and Asia.

What are the synergies between Proserv and the EIC?

So, together we each have our role in defining and influencing energy’s future, whether that is through strategy and innovation or by being a crucial conduit and platform to shine a light on those very efforts and bringing partners together to unlock opportunities.

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NDIN

A V AG OPPORTUN I L A B ITIES LE

Energy Exports Conference 2024 P&J Live, Aberdeen | 11th - 12th June 2024

Attend Energy Exports Conference 2024, the #1 event to identify global energy opportunities and meet key decision makers

energy project opportunities around the world, EEC provides companies access to hundreds of contacts and to learn about multiple new export opportunities. Listen, engage and connect with international operators, developers, contractors, government and export advisors, ambassadors and trade experts from across the globe.

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Contact us – for more information or if you are interested in one of our exhibition or sponsorship packages, get in touch with a member of the team… email EEC@the-eic.com

DataStream BRAZIL

Global opportunities DENMARK

EGYPT

Marlim Azul II Thermal Power Plant

Vordingborg Green Hydrogen Plant

Egypt Green Methanol Plant – C2X

Operator: Arke Energia Value: US$800m The Brazilian federal environmental regulator (IBAMA) has held a public hearing to discuss the development of the Marlim Azul Thermal Plant’s expansion. The developer has submitted the environmental impact study (EIS) and environmental impact report (Rima).

Operator: Arcadia eFuels Value: US$200m Arcadia has contracted Plug Power to manufacture the electrolyser for the project. The PEM electrolyser will have a capacity of 280MW and will produce 120 tonnes of hydrogen per day.

Operator: C2X Ltd Value: US$3bn C2X, a newly established subsidiary of AP Moller-Maersk A/S, is planning to construct a green methanol production plant in Egypt’s Suez Canal Economic Zone, with an initial annual production target of 300,000 tonnes for the shipping industry.

For more information on these and the 14,000 other current and future projects we are tracking please visit EICDataStream

INDONESIA

UAE

Geng North Gas and Condensate Discovery

Habshan 5 Gas Plant Carbon Capture Project

Morro Bay Floating Offshore Wind Farm

Operator: Eni Value: US$5bn Eni has made a gas discovery through the drilling of the Geng North-1 wildcat on the North Ganal PSC. The discovery is estimated to contain 5Tcf of gas and 400MMbbls of condensate. The new discovery has the potential to contribute to the creation of a new production hub in the Kutei Basin.

Operator: ADNOC Value: US$650m Petrofac has been awarded the EPC contract for the project by ADNOC. The contract is worth US$615m and involves the delivery of carbon capture units, associated pipeline infrastructure and a network of wells for carbon dioxide (CO2) recovery and injection.

Operator: Equinor Value: US$6bn Ocean Infinity has been chosen to conduct a comprehensive site investigation survey using multiple AUVs (autonomous underwater vehicles) for the floating area. Surveys are set to commence in February 2024.

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#JoinUs The EIC has now added coverage of a further 45 countries across the Americas to our OPEX database

Need ayour demonstration of EICDataStream, Get inEICAssetMap. touch Share news and Globally the views... database now mapsEICAssetMap, over 40,000EICSupplyMap? operational assets across the energy sectors. Pleasenewsdesk@the-eic.com contact membership@the-eic.com Email Phone +44 (0)20 7091 8600

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

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SupplyMap EICSupplyMap maps the capabilities of supply chain companies that operate in the wider energy industry.

These industries cover renewables, upstream, midstream, downstream, power, nuclear, energy storage and the potential and proven capabilities in carbon capture and hydrogen. After successfully mapping the UK market, EICSupplyMap now covers the United Arab Emirates, Malaysia, Texas/US and Brazil. • Identify the supply chain local to your region, giving you the opportunity to engage with potential new clients. • Find the supply chain capability in five regions, now covering the UK, UAE, Malaysia, Texas/US and Brazil. • An in-depth look at profiles of more than 6,000 energy sector supply chain companies. • Make smarter decisions by targeting your offering to international developers/operators and contractors matching your capability with international energy projects.

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www.clearygottlieb.com

EIC guest editorial with Chris Moore Partner, Lynn Ammar Partner and Pablo Mateos Rodríguez Associate

Cleary Gottlieb

Linking producers and offtakers is key to scaling up hydrogen Hydrogen projects often lack a clear plan on how to connect producers and end users, which could jeopardise Europe’s ambition to scale up the green economy. The discussion around hydrogen is often focused on scaling up production and supply, how to get it done quickly, at what cost and the best technologies. Less attention has been given to security of demand and how producers and end users can be linked up. Green and low-carbon hydrogen can play a vital role in energy transition, if the right sectors are targeted. In road transport, for example, hydrogen may be more suitable for trucks and trains than for passenger cars where electrification has already come a long way. But a roll-out of standardised infrastructure is necessary to enable the transition from gas to hydrogen in heavy-duty transport. The H2Accelerate initiative1 – which brings together companies such as Volvo, Shell, Daimler and TotalEnergies – is one example of how companies across different sectors can collaborate and create synergies in the hydrogen value chain. The aim of the partnership is to promote hydrogen to decarbonise long-haul, heavy-duty trucking across Europe. Earlier this year, the partners received €30m in funding from the EU-backed Clean Hydrogen Partnership to deploy 150 fuel cell trucks and €42m in further funding from the EU’s Connecting Europe Facility (CEF) to set up refuelling stations, thus taking the total number of planned stations so far to 29.

Another example is a project titled the European Hydrogen Network, by Hype, a French taxi firm with a fleet of 700 hydrogen-fuelled vehicles. Hype plans to install 26 hydrogen refuelling stations in the Greater Paris area by the end of 2025 and a minimum of 18 stations and three electrolysers in seven other European regions; Le Mans, Bordeaux, Brussels, Madrid, Barcelona, Lisbon and Porto. The project was recently selected for over €18m in funding under the EU’s CEF – Transport – AFIF (Alternative Fuels Infrastructure Facility).2 These projects are important first steps, but a clear strategy for linking producers and offtakers is still missing at large. In this article, we look at some of the challenges and opportunities facing the hydrogen industry at this embryonic stage. Navigating challenges on the road to hydrogen Europe is not alone in trying to attract investments into hydrogen. There is a risk that clean tech investors may migrate to the US where some view the regulatory framework as more supportive. For example, tax rebates under the Inflation Reduction Act (IRA) have been designed to attract investment in green tech, including renewable hydrogen and low-carbon hydrogen using carbon capture technologies. Some European companies, including Norwegian hydrogen company, NEL, have announced that they are relocating some of their operations to the US because of the attractiveness of the IRA. The extent to which the EU’s move to temporarily relax state aid rules will address this issue remains to be seen.

Read this article on Cleary Gottlieb’s website...

Linking producers and offtakers will require adequate transport infrastructure. Options include converting existing gas pipelines to transport hydrogen, building new infrastructure, transporting hydrogen as ammonia over long distances using ships, or producing the hydrogen near or adjacent to the demand centres. In December 2022, Spanish energy company Cepsa announced a €3bn investment in the Andalusia region to build Europe’s largest hydrogen hub, with a total planned capacity of 2GW. Cepsa announced that it would work closely with other renewable energy producers in the region and across Spain to “promote the integration of these new plants into the electricity system.”3 In the UK, proposed clusters such as HyNet and Net Zero Teesside – which have backing from many large players including oil majors – aim to deploy multiple decarbonisation technologies to clean up industrial activity; carbon capture and storage (CCS), hydrogen production, low-carbon power generation and more. Decarbonisation clusters could bring down industrial greenhouse gas emissions substantially, but they require multibillion pound investments and strong government support to scale up. Another major challenge is cost competitiveness. This goes for both imported and domestically produced hydrogen. Cost estimates for green and blue hydrogen vary significantly, but conventional fuels are expected to remain a cheaper alternative for the foreseeable future. Governments may consider market interventions such as quotas or requirements in public procurement to create demand.

https://content.clearygottlieb.com/energy/energy-update/linking-producers-and-offtakers-is-key-to-scaling-up-hydrogen/index.html

Guest editorial

Chris Moore

Such interventions are not without controversy and could create market distortions. But without strong demand from end-users, hydrogen projects may struggle to develop at scale and Europe’s decarbonisation targets may remain out of reach. Seizing hydrogen’s opportunities Despite these challenges, hydrogen – as a storable, low-carbon fuel – clearly still has a role to play in the energy transition. For example, both blue and green hydrogen could play a vital role in certain hard-to-abate sectors where electrification falls short. Steel making is an example. Germany, which has a strong industrial base, has set a 65% reduction target for greenhouse gas (GHG) emissions by 2030 and 88% by 2040 compared with 1990 levels. It will not be possible to meet these targets without decarbonising heavy industry such as steel, cement, paper and glass.

Lynn Ammar

which should enable EU nations to subsidise clean energy projects to a greater extent than before. There are strong signals this is already happening; in July, the EC gave state aid approval to two projects aimed at decarbonising steel production in Germany and France.4 The first was a direct grant of up to €550m from the German state to ThyssenKrupp to support the installation of a direct reduction plant (DRP) and two melting units in Duisburg, which will replace an existing blast furnace. As of 2037, the plant will be operated using only renewable hydrogen, according to plans. Moreover, a €1.45bn conditional payment scheme will cover the costs of procuring and using renewable hydrogen. The EC also approved an €850m French subsidy scheme to support ArcelorMittal in partially decarbonising its steel production in Dunkirk.

In June this year, it started a preparatory process to implement a €50bn funding scheme to decarbonise its industrial sector by 2045. The subsidy scheme will allow developers of hydrogen to bid for Carbon Contracts for Difference (CCfDs) in order to bridge funding gaps. CCfDs with a duration of 15 years will be offered to successful bidders and the first auction is expected to take place later this year.

When it comes to transporting hydrogen, the repurposing of existing gas infrastructure also offers plenty of opportunities. In June of this year, Dutch TSO Gasunie took a final investment decision (FID) to develop the Rotterdam section of the country’s planned, 1,200km long national hydrogen network which will largely consist of existing natural gas pipelines.5 The plan is to connect major industrial regions in the Netherlands with neighbouring countries, including Germany and Belgium, from 2030 onwards. The total cost is estimated at €1.5bn.

National subsidies are not always compatible with EU competition law. To this end, the European Commission (EC) has announced that it will temporarily relax state aid rules,

In other cases, building new pipelines is necessary and – fortunately – there are plenty of examples to be excited about. As for cross-border projects, the planned two mtpa

This will cost money, but the German government seems to understand this.

https://h2accelerate.eu/ https://hype.taxi/en/hype-announces-the-7-new-regions-selected-to-deploy-its-integrated-hydrogen-mobility-platform/ https://www.cepsa.com/en/press/cepsa-will-invest-3-billion-euros-in-green-hydrogen 4 https://ec.europa.eu/commission/presscorner/detail/en/ip_23_3928 5 https://www.gasunie.nl/en/news/dutch-national-hydrogen-network-launches-in-rotterdam 6 https://www.netzerotc.com/news-insights/new-pipeline-will-accelerate-scotlands-green-hydrogen-export-potential/ 1 2 3

Pablo Mateos Rodríguez

(million tons per annum) hydrogen pipeline between Barcelona and Marseille (H2Med), which also has support from Germany, could be up and running by 2030 at a cost of €2.5bn, although it hinges on EU grants to get the final go-ahead. More recently, the UK government-funded Net Zero Technology Centre (NZTC) outlined plans for a 10GW green hydrogen pipeline that would connect Scotland’s east coast with Emden in Germany.6 The estimated investment cost for the project – which would transport hydrogen converted from electricity produced by offshore wind – is £2.7bn. With growing political support from the EU and national governments, these projects could make great contributions to the hydrogen economy. But for this to happen, the gap between producers and endusers must be bridged sooner rather than later. Cleary Gottlieb is a pioneer in globalising the legal profession. Since 1946 its lawyers and staff have worked across practices, industries, jurisdictions and continents to provide clients with simple, actionable approaches to their most complex legal and business challenges, whether domestic or international. The company supports every client relationship with intellectual agility, commercial acumen and a human touch. Cleary Gottlieb has a proven track record for serving with innovation. It is fluent in the many languages of local and global business. And it has achieved consistent success in multiple jurisdictions.

Member’s news

www.siemens.co.uk

HYFLEXPOWER consortium successfully operates a gas turbine with 100% renewable hydrogen The HYFLEXPOWER consortium includes Siemens Energy, ENGIE via its subsidiary ENGIE Solutions, Centrax, Arttic, the German Aerospace Center (DLR) and four European universities.

Installed on the site of Smurfit Kappa at Saillat-surVienne in France, the HYFLEXPOWER project produces, stores and re-electrifies 100% renewable hydrogen. The hydrogen is produced by an 1MW electrolyser onsite, and then stored in an almost one-ton tank and used to power a Siemens Energy SGT-400 industrial gas turbine.

Building on the promise of the HYFLEXPOWER demonstrator, it is planned to expand the consortium to include additional members. Having tested HYFLEXPOWER for electricity production, the goal is to extend its operation to industrial heat production and additional operational modes. It is also planned to explore ways of scaling up and commercialising decarbonised electricity generation.

The HYFLEXPOWER project demonstrates that hydrogen can be used as a flexible energy storage medium, and that it’s also possible to convert an existing gas-fired power turbine to operate using renewable hydrogen. It is thus a real driver for accelerating the decarbonisation of energyintensive industries.

HYFLEXPOWER has received substantial funding from the European Union’s Horizon 2020 Framework Programme for Research and Innovation.

In 2022, an initial series of tests enabled the industrial gas turbine to operate with a 30% hydrogen content, mixed with natural gas. Now the power-to-hydrogen-to-power demonstrator has proven that state-of-the-art turbines with dry low emissions technology can be fuelled with up to 100% hydrogen as well as with natural gas and any blends in between. Photo © Siemens 1996-2023

As the consortium lead, Siemens Energy supplied the electrolyser for hydrogen production and developed the hydrogen gas turbine. ENGIE built the hydrogen production, storage and supply for the demonstrator. Centrax was responsible for the package upgrade to ensure safe operation with hydrogen fuel. The German Aerospace Center (DLR) and the Universities of Lund (Sweden), Duisburg-Essen (Germany) and University College London (UK) contributed to the hydrogen turbine technology development. Arttic supported the operational project management, while NTUA in Athens (Greece) carried out economic, environmental and social analysis of the concept. Karim Amin, Member of the Executive Board of Siemens Energy said: The knowledge and experience gained from the HYFLEXPOWER project where we installed the first gas turbine to run on 100% hydrogen will help us to continue to develop our entire gas turbine fleet for a hydrogen-based future.

Get in touch Any ShareEIC your news and views... members who wish to be profiled in this section please contact Léliam de Castro... Email newsdesk@the-eic.com Phone +44 (0)20 7091 8600 leliam.castro@the-eic.com

Spotlight on technology https://webnordeste.com.br/en/

Web Nordeste LTDA

NEW SUBSEA SWIVEL QUALIFICATION PROGRAMME SUCCESSFULLY COMPLETED

In a year of great achievements for Web Nordeste and B2, the third nominal size of the new Subsea Swivel qualification programme has been successfully completed according to API 17D and I-ET-3000.00-1500-270PEK-002 REV. A. It allows Web Nordeste to keep expanding the qualified and field proven solutions it can offer to the market. Committed to the ever-changing challenges of offshore oil and gas development, the Subsea Swivel’s R&D programme includes the qualification of the major industry bore sizes and rated working pressures for flexible and rigid flowlines. Subsea Swivel 13-5/8”: qualification concluded in June 2023 Subsea Swivel 7-1/16”: qualification concluded in August 2023 Subsea Swivel 9”: qualification concluded in October 2023 Subsea Swivel 4-1/16”: qualification in progress The Subsea Swivels allow relative rotation between flowline equipment and flowline pipe to maintain proper angular positioning during installation, therefore reducing installation time and eliminating torsion loads to prevent equipment/pipe damage as subsea equipment is lowered to the sea floor.

The new technology has functional characteristics that allow the Subsea Swivel to work in extreme and severe conditions, while providing resistance to debris contamination and high load capacity and is also designed to withstand long-term storage in outdoor conditions. The innovative Subsea Swivel’s metal-to-metal seal technology provides a minimum of 10 sealing cycles under the extreme conditions of loads, torque, temperature, pressure, water depth and presence of debris, providing safety and reliability during its installation and operation. To date, Web Nordeste has manufactured, tested, qualified and delivered several Subsea Swivels – reliably installed and operating in subsea field locations in Brazil. Subsea Swivels major applications include: subsea xmas tree flowline connections; hydraulic connector collet type; free standing hybrid risers (FSHR); pipeline end terminations (PLET) connections; manifold connections; in-line T connections and pipeline end manifold (PLET) connections. Contact Web Nordeste to learn more about the benefits of using the new Subsea Swivel during rigid and flexible flowline installations: https://webnordeste.com.br/en/

Get in touch Any EIC members who wish to be profiled in this section please contact Léliam de Castro... Email leliam.castro@the-eic.com

New EIC members NEW GLOBAL MEMBER

NEW PRIMARY MEMBER

Airpac Rentals

Denholm Zholdas LLP

Dentons

Tofthills Avenue Midmill Business Park Kintore Aberdeenshire AB51 0QP UK

45 Abylkhair Khan Avenue 060011 DENHOLM Atyrau Republic of Kazakhstan ZHOLDAS

Level 18, Boulevard Plaza Tower 2 Burj Khalifa District Dubai UAE

Contact Mark Randle, Business Development Manager

Contact Kenny Paton, Counsel, Head of Oil and Gas Middle East

Telephone +7 7122 766 166

Telephone +9714 402 0800

Email fiona.duncan@vpplc.com

Email mark.randle@dzg.kz

Email kenny.paton@dentons.com

Web www.airpac-rentals.com

Web www.denholmzholdas.kz

Web www.dentons.com

Airpac Rentals is an international company with nearly 50 years’ experience in supplying specialised rental equipment and services to a variety of energy industries.

Denholm Zholdas LLP is a service company incorporating a range of industrial services, including: fabrication; scaffolding; industrial cleaning (HP, UHP, chemical, manned, non-manned); bolting, torquing and tensioning; painting, surface preparation and insulation. Also within the Denholm Zholdas group: E&I services; equipment hire.

Dentons is one of the largest law firms in the world and has more people in more places than its competitors. Across more than 80 countries, Dentons helps you grow, protect, operate and finance your organisation by providing uniquely global and deeply local legal solutions. Polycentric, purposedriven and committed to inclusion, diversity, equity and sustainability, Dentons focuses on what matters most to you.

Contact Fiona Duncan, Marketing Co-ordinator Telephone +44 (0)1467 242 000

It provides a range of high performance air compressors, steam generators, nitrogen production units, heat exchangers, sand filters and ancillary products across the globe. The company’s extensive client base includes drilling companies, maintenance contractors, major well services providers, oil and gas operating companies, renewables, LNG construction, specialist energy service contractors and the civil engineering industry. Clients rely on its services for rig maintenance, pipeline de-watering, cuttings movement and LNG pipework testing services. Headquartered in Kintore, Aberdeen, Airpac Rentals’ global hub network includes locations in Great Yarmouth, Singapore and Perth, Australia.

Get in touch Share your news and views...

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

27 February 2024 • Dammam

CONNECT

KSA

Fuelling Prosperity: Opportunities across the Saudi energy market

New EIC members

NEW PRIMARY MEMBER

FASD Group

FT Pipeline Systems Ltd

Global E&C

Rua Luís Câmara, 760 Ramos CEP: 21.031-175 Rio de Janeiro Brazil

Unit 6B, Eastern Park Eastern Avenue Lichfield Staffordshire WS13 7SY UK

27 Albyn Place Aberdeen AB10 1DB UK

Contact Johny Amaral, Business Development

Contact Nick Williams, Business Development Manager

Telephone +55 22 99869 3099

Telephone +44 (0)1543 416 024

Email johny.amaral@fasdgroup.com

Email nwilliams@ftpipelinesystems.co.uk

Web www.fasdgroup.com FASD Group is composed of the companies GASF, Seachiller and Loquen. GASF is a company that manufactures equipment for the movement and lifting of loads in general, such as forgings, anchorage and hoists. Self-manufacturing with stock in Brazil; certified equipment with high quality; with the possibility of Ex-works sales directly from the factory, among others. Seachiller is a company operating in the HVAC-R market with extensive expertise in corrective and preventive maintenance services, duct cleaning, hood and PMOC implementation. Loquen, specialists in equipment rental for movement and lifting of loads, operates in various industry segments: oil and gas, thermal power plants, plants, renewable energies and industries in general. Key features: extensive self-stock, personalised 24/7 service, inspected and certified equipment.

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

Web www.ftpipelinesystems.co.uk The gas for power division of FT Pipeline Systems designs, manufactures and commissions gas pressure control systems for natural gas, biogas, CNG and hydrogen from Class 2500 to millibar. It is the sole UK and Ireland distributor for Gascat (manufacturers of worldleading control valves, slam shuts and governors) making its skid units exceptional in quality and safety. FT Pipeline Systems is committed to future-proofing your gas control assets for the hydrogen mix. The company is assisting the decarbonisation aim with more efficient control and offering pure hydrogen systems and hydrogen pre-trimmed systems that ensure the future of methane/hydrogen mix without the need to replace existing non-hydrogen ready control devices.

Contact Katherine Milne, Corporate Relations Manager Telephone +44 (0)1224 725 345 Email katherine.milne@global-ec.com Web https://global-ec.com/ Global E&C is a uniquely positioned provider, established to deliver improved efficiency and more cost-effective brownfield solutions for oil and gas operators across the North Sea, as well as the evolving alternative energy markets. Its delivery model focuses on efficient execution of integrated services through its depth of in-house expertise across survey, engineering, fabrication, construction and modular services. With a combined headcount of over 900 personnel, Global E&C is one of the most fully integrated and digitally advanced EPC service providers to the UK energy industry.

FT Pipeline Systems also designs and builds its own gas pre-heat systems – water baths, vertical heat exchangers and heat packs – and its gas stations use the latest CAD 3D platforms.

@TheEICEnergy

EIC (Energy Industries Council)

New EIC members

NEW PRIMARY MEMBER

NEW GLOBAL MEMBER

NEW PRIMARY MEMBER

Hidrokinetik Technologies Sdn Bhd

Howco Group plc

KLAY EnerSol Sdn Bhd

354, Melawati Urban 1 Lorong Kedah, Taman Melawati 53100 Kuala Lumpur Malaysia

2nd Floor, Fountain House 1-3 Woodside Crescent Glasgow G3 7UL UK

Contact Mirza Iryawan bin Hamza, Technical Director

Contact Lorna Hurley, Business Development Manager

Block A, Unit A19-6, 6th Floor 72A, Jln Profesor Diraja Ungku Aziz, Jaya One 46200 Petaling Jaya Selangor Malaysia

Telephone +603 4161 1312

Telephone +44 (0)114 244 6711

Email mirza@hidrokinetik.com

Email europedistenquiries@ howcogroup.com

Web www.hidrokinetik.com Hidrokinetik Technologies is a pioneering leader in the field of hydrographic and geophysical survey, equipment rental and cutting-edge research and development of marine robotics and autonomous marine systems. With a strong emphasis on technological innovation, the company excels in providing comprehensive solutions for underwater exploration and data acquisition. Its core expertise lies in conducting precise hydrographic and geophysical surveys, enabling accurate mapping of underwater terrain. Moreover, Hidrokinetik Technologies offers top-notch equipment rental services, allowing organisations access to state-of-the-art tools. Through relentless research and development efforts, the company pushes the boundaries of marine technology by creating advanced autonomous marine systems.

Get in touch Share your news and views...

Contact Mufaddal H Zanzibarwala, Technical Sales and Business Development Manager Telephone +603 7960 0895 Email sales@klayenersol.com

Web www.howcogroup.com

Web www.klayenersol.com

Howco is a global manufacturer, processor and distributor of high performance alloys and precision machined components.

KLAY EnerSol was founded in 2010 with the aim of identifying technologies from global technology leaders and deploying them to its customers in the South East Asia region, in particular Malaysia, Singapore and Indonesia.

The company holds extensive inventories worldwide of low alloy steels, nickel and super alloys, stainless, duplex and super duplex materials which can be supplied in bar, tube, forgings and OCTG for the upstream, mid and downstream and the energy sector. Howco provides inventory management, fully integrated supply chain solutions, pressure testing and assembly, full turnkey manufacturing and additive manufacturing. Over 40 years of engineering expertise and an in-depth understanding of the materials and their properties means Howco meets and frequently exceeds the highest industry standards set locally, regionally and internationally.

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

KLAY EnerSol is a fast-growing company staffed by dedicated and experienced personnel from the refining, petrochemical, offshore oil and gas, power, marine and manufacturing industries. As a company, it strives to leverage its in-house expertise together with these world-leading technologies to solve problems and issues faced by its customers, by providing responsible, sustainable, imaginative and inspired solutions for its customers.

New EIC members

NEW PRIMARY MEMBER

Metron Group Ltd

OGC Energy

Kirkwood Commercial Park Inverurie Aberdeenshire AB51 5NR UK

66 Eldon Street Sheffield S1 4GT UK

Contact Jon Gill, Director – Strategic and Business Development, and Group Chairman

Contact Sofia Filioki, Marketing Lead

Telephone +44 (0)1224 471 200

Telephone +44 (0)114 4000 850

Email sales@metrongroup.co.uk

Email sofia.f@ogcenergy.com

Web www.metrongroup.co.uk

Web https://ogcenergy.com/

Metron is an independent engineering service company dedicated to improving asset reliability, production efficiency and environmental performance in the energy industry. It achieves this through identifying and fixing business critical issues to improve the availability of topsides processing equipment, including rotating machinery, controls and instrumentation and other ancillary systems.

OGC Energy is a leading materials, corrosion and asset integrity consultancy in the energy sector. Its team of experts provides innovative solutions for projects in offshore wind, hydrogen, sustainable hydrocarbon production and CCS.

Metron provides a delivery-focused engineering service to transform how assets are operated and maintained to improve reliability and reduce operating costs. The company also provides a onestop shop in support of ageing and obsolete control systems, particularly when there is no longer any OEM or vendor support providing a turnkey service for its clients. This substantially reduces costs and delays typically involved in engineering control system retrofit projects.

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

By working with OGC Energy you can expect to benefit from its unrivalled engineering expertise, deep knowledge of materials and corrosion and unparalleled technical solutions in asset integrity. The company’s adaptable approach allows it to provide bespoke solutions to every challenge in the energy transition, making OGC Energy the ideal partner for your next project. Choose OGC Energy for its technical expertise and commitment to delivering efficient, cost-effective and timely solutions. Its team of experts is dedicated to helping you achieve your goals through the provision of specialised support and consultation services, ensuring the success of your project.

@TheEICEnergy

EIC (Energy Industries Council)

AAL transports vital components on single sailing for Texas LNG project Premium project heavy lift carrier, AAL Shipping (AAL), this summer executed a complex operation to transport over 12,800 freight tonnes (FRT) of heavy lift project cargo from the South Korean ports of Kunsan and Pyeongtaek to Beaumont in Texas – shipped along its in-demand regular ‘Asia to The Americas Trade Lane’ and onboard its 31,000-deadweight heavy lift vessel, the AAL Brisbane.

ABB survey reveals unplanned downtime costs US$125,000 per hour According to the new Value of Reliability survey from ABB, over two-thirds of industrial businesses experience unplanned outages at least once a month, costing the typical business close to US$125,000 per hour. Despite this, 21% of businesses surveyed still rely on run-to-fail maintenance.

On this shipment, the largest unit of 607 metric tons was the heaviest piece ever lifted and carried by AAL on our trade lane between Asia and North America. Henrik Hansen, General Manager, AAL Americas

The survey, conducted by Sapio Research in July 2023, gathered responses from 3,215 plant maintenance decision-makers globally across the energy generation, plastics and rubber, oil and gas, wind, chemicals, rail, utilities, marine, food and beverage, water and wastewater and metals sectors. It is part of a report that provides insights into how businesses currently manage maintenance and how they can reduce unplanned downtime.

The findings demonstrate the importance of equipment reliability and maintenance. 92% reported that maintenance has increased their uptime in the last year, with 38% reporting an improvement of at least a quarter. Also, three-quarters of respondents said that reliability positively impacts their business reputation and financial performance, and helps them meet contractual obligations, prevent waste and secure repeat business. Looking forward, 60% plan to increase their investment in reliability and maintenance in the next three years, with a third planning to boost spend by more than 10%. Nine in ten respondents expressed interest in outcome-based maintenance agreements. Under these, operators pay service partners based on achieved outcomes. Read the full survey report on ABB’s website.

For more information: www.abb.com

The high value project cargo will be installed at the LNG facility’s new processing plant. It comprised multiple sized components totalling 12,800 freight tonnes, the largest of which was a 607 metric tonne AGR absorber that measured just under 39 metres, used to remove H2S, CO2 and other organic sulphurs from raw feed gas. Some of the other large heavy lift units included a 40 metre and 436 metric tonne HP MR absorber and three dehydrators, weighing just shy of 200 tonnes each.

Photo © AIS

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With an estimated send out capacity of around 18m tonnes of LNG per year, the facility will create hundreds of direct jobs and enhance US energy security, while helping to export clean energy from Texas to the world.

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

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AAL Brisbane transported 12,800 freight tonnes of heavy lift project cargo from South Korea to Texas

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Amarinth forms strategic alliance with M&O in Brazilian oil and gas sector Amarinth, a world-leading, net-zero designer and manufacturer of low lifecycle cost centrifugal pumps and associated equipment, primarily for the offshore and onshore oil and gas industries, nuclear and renewable energy generation, defence, desalination, process and industrial markets, has entered into a strategic partnership with M&O, a renowned representation company specialising in equipment, services and software for the maritime, offshore and subsea industries in Brazil.

AIS awarded another custom coating project offshore Brazil

Brazil has emerged as a dynamic and strategic contributor to the global oil and gas industry. With its extensive offshore reserves and commitment to technological advancement and sustainability, the country has attracted international companies specialising in offshore, deepwater drilling and subsea operations. This dynamic environment has also fostered a growing demand for clean energy solutions, encompassing natural gas and renewables.

AIS has been awarded a significant offshore contract as part of a SURF development for a pre-salt field in the Santos Basin. The provision is for ContraTherm® C25 insulation of pipeline end terminations (PLETs), inline anchors (ILAs) and jumpers. Significantly, the scope is the first custom coating project to be managed and run by a full Brazilian crew.

Founded in Rio de Janeiro in 2009, M&O has established a position as a leading representation company, facilitating the expansion of over 30 international companies in Brazil’s competitive market. Its extensive experience and local expertise make it the ideal partner for Amarinth as the company develops business in the Brazilian oil and gas sector.

This contract is the third of its kind in Brazil and the second for the same customer. The scope makes C25 even more desirable when it comes to winning contracts.

C25 is AIS’s flexible subsea solution. It was selected due to its ability to provide flow assurance to complex subsea equipment, even in high-pressure and high-temperature environments. Water depths for this field are around 2,000 metres, making C25 an ideal solution. Work will be completed throughout several campaigns, and the lead time is planned for May 2024.

Amarinth’s proven track record in delivering innovative, reliable pumping solutions, often on short lead times, has been instrumental in enabling FPSO vessels to operate in some of the most challenging oil fields across the globe, including Coral South, Tortue, Armada Madura, Egina and Catcher. Notably, Amarinth is an approved supplier of goods and services to Petrobas, having successfully completed projects for them and other operators in the region, including Equinor, ExxonMobil and Shell, working in close collaboration with leading FPSO vessel contractors, including MODEC, SBM and Bumi Armada. As Brazil raises production, Amarinth is perfectly poised to be the go-to pump supplier for new FPSO projects. With a strong network of supply chain partners, including motor supplier WEG that is already operating in Brazil, Amarinth’s partnership with M&O further strengthens the company’s ability to increase in-country value to Brazil.

For more information: www.amarinth.com

Guilherme Martins, Business Development Manager, AIS

Floating production storage and offloading (FPSO) vessels form the backbone of production in Brazil with numerous new ventures coming on stream, including Almirante Barroso MV32 (Búzios field), Anita Garibaldi MV33 (Marlim field), Mero 3 (Libra block) and a fifth FPSO joining the four others in the Parque das Baleias area.

For more information: www.aisltd.com

FPSO Atlanta, one of the vessels that will start operating offshore Brazil using Amarinth API 610 pumps

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DNV: renewables still not replacing fossil fuels in the global energy mix

HexDefence represents a significant step forward for scour protection, offering highly cost-effective performance enhancement across installation, management and maintenance.

Over the last five years fossil fuels have met only half of the new demand for energy globally, despite a rapid buildout of renewable capacity, according to DNV’s Energy Transition Outlook. The report finds that between 2017-2022 renewables met 51% of new energy demand, while the remaining demand was supplied by fossil fuels. Renewables are still just meeting increased demand rather than replacing fossil fuels and in absolute terms fossil fuel supply is still growing.

Dr Aneel Gill, Product R&D Manager, Balmoral

Balmoral launches innovative HexDefence for jacket foundations Balmoral, a leading offshore energy supply chain company, proudly announces the launch of its groundbreaking HexDefence product designed for jacket foundations, a globally patented product designed to significantly mitigate jacket foundation scouring around fixed wind turbines. This revolutionary solution not only marks a leap forward in offshore wind technology but also promises substantial cost savings and environmental benefits. Building upon the success of the HexDefence development work used for monopile structures, which integrates seabed protection and flow reduction to minimise operational costs and prevent cable failure, Balmoral’s latest innovation specifically targets jacket turbine foundations. The HexDefence jacket system aims to eliminate or dramatically reduce the need for traditional and resourceintensive scour protection methods, such as rock dumping with additional benefits of being installed at quayside, eliminating the requirement for additional installation vessels and ensuring the scour protection is active from point of foundation installation. Get in touch Share your news and views...

In March of this year, Balmoral successfully developed the original HexDefence system, receiving positive feedback from leading wind farm developers and industry bodies. The subsequent adaptation to a jacket version demonstrates Balmoral’s commitment to addressing the specific needs of jacket turbine foundations. One of the key advantages of the HexDefence system is its potential to revive abandoned projects and locations deemed unviable due to the sheer amount and size of rock required for scour protection. The latest analysis indicates that this innovative solution could render expensive and carbonintensive practices obsolete, making previously financially unfeasible projects viable again. This announcement follows a recent multi-million pound contract award for Balmoral’s FIBREFLEX® cable protection system (CPS), further bolstering the company’s portfolio of offshore renewable solutions. Balmoral continues to be at the forefront of innovation, contributing to the sustainable growth of the offshore energy sector.

For more information: www.balmoraloffshore.com

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Limiting global warming to 1.5°C warming is less likely than ever. To reach the goals of the Paris Agreement, CO2 emissions would need to halve by 2030, but DNV forecasts that this will not even happen by 2050. CO2 emissions will be only 4% lower than today in 2030 and 46% lower by midcentury. Energy related CO2 emissions are still hitting record highs and are only likely to peak in 2024, which is effectively the point at which the global energy transition begins. Energy security has strengthened as a driver of energy policy due to changes in the geopolitical landscape. Governments are willing to pay a premium for locally sourced energy, which has had a notable impact on the Outlook’s results. For example, in Europe the transition is accelerating with the alignment of climate, industrial and energy security objectives.

Even if the transition is yet to get out of the starting blocks, once it starts renewables will out sprint fossil fuels. From now, most energy additions are wind and solar, which grew 9-fold and 13-fold respectively between 2022 and 2050. Electricity production will more than double between now and 2050, bringing efficiencies to the energy system. The fossil to non-fossil split of the energy mix is currently 80/20 but will move to a 48/52 split by mid-century. Solar installations reached a record 250GW in 2022. Wind power will deliver 7% of global grid-connected electricity and installed capacity will double by 2030, despite inflationary and supply chain headwinds. However, in the near-term, transmission and distribution grid constraints are emerging as a key bottleneck for renewable electricity expansion and related distributed energy assets such as grid-connected storage and EV charging points in many regions, including in North America and Europe.

Clearly, the energy transition has begun at a sector, national and community level, but globally, record emissions from fossil energy are on course to move even higher next year. Remi Eriksen, Group President and CEO, DNV

DNV is an independent assurance and risk management provider, operating in more than 100 countries. Through its broad experience and deep expertise DNV advances safety and sustainable performance, sets industry standards and inspires and invents solutions. Driven by its purpose, to safeguard life, property and the environment, DNV helps its customers seize opportunities and tackle the risks arising from global transformations. DNV is a trusted voice for many of the world’s most successful and forwardthinking companies.

Download the report here: www.dnv.com

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Danny Macfarlane updates delegates at DC23

Ellis celebrates global partnerships and innovation On 4 and 5 October Ellis Patents, a leading innovator in cable cleats and cable management solutions, held its highly anticipated Distributors’ Conference for 2023. This was the first time the company was able to host this long-awaited – usually triennial – landmark event since 2017. Distributors from across the world, including New Zealand, Spain, Peru, Turkey, Poland, France, Norway, Austria, Saudi Arabia, Denmark, Dubai, USA, Netherlands, Singapore, Belgium, the UK and Ireland, joined together for two days of unparalleled networking, knowledge sharing and innovation. Throughout the conference, Ellis showcased its latest innovations in cable cleats and cable management solutions, highlighting its unwavering commitment to excellence in the electrical industry. The event was not just about cable cleats; it was a testament to the company’s dedication to nurturing and strengthening global partnerships. A key highlight of the conference was the guest speaker, Neil Golding from EIC, who delivered invaluable insights into the ever-evolving energy market. His expertise provided attendees with a deeper understanding of the industry’s current landscape and future trends.

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The conference offered a unique opportunity for attendees to interact with industry experts, explore cuttingedge solutions and foster relationships that will drive the companies’ success in the years to come.

We are thrilled to have had the privilege of hosting our esteemed partners from around the world, and this event has underscored the strength of our global network. We remain committed to innovation and partnership, as we look forward to shaping the future of cable cleats and cable management solutions. Danny Macfarlane, Managing Director, Ellis

Ellis currently supports its global network of distributors through a committed export sales and customer service team, providing expert technical support for all the varied installation projects taking place worldwide. This high level of customer service has contributed to the company’s reputation as a global leader.

For more information: www.ellispatents.co.uk

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Hitachi Energy helps deliver first power from offshore wind farm in record time Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, has announced that power has been transmitted from the Dogger Bank Wind Farm, the world’s largest offshore wind farm, via its high-voltage direct current (HVDC) system to the UK grid for the first time. Hitachi Energy has provided its HVDC Light® system to connect Dogger Bank A, the first phase of the wind farm located more than 130km off the north east coast of England, to the mainland. Despite disruptions caused by COVID-19, the 1,200MW offshore platform project was successfully executed in the record time of 38 months with the highest safety and quality standards.

We are proud to be the technology partner for the project, with HVDC being the force multiplier for the clean energy transition, increasing access to an energy system that is more sustainable, flexible and secure. Andreas Berthou, Head of HVDC, Hitachi Energy

The Dogger Bank HVDC project is an early example of a new business model in the HVDC industry, where orders are placed for multiple, similar HVDC systems. This new approach allows Hitachi Energy to plan in advance to increase manufacturing capacity, expand and train the workforce and maximise standardisation to increase synergies between successive projects.

For more information: www.hitachienergy.com

Dogger Bank Wind Farm will become the world’s largest offshore wind farm. The HVDC systems will facilitate power transfer to the mainland. The total transmission capacity of 3.6GW across the three phases of the project will power up to 6m homes, or around 5% of UK’s electricity needs and significantly contribute towards the UK government’s goals of sourcing up to a third of its electricity from offshore wind by 2030.

Hitachi Energy’s total scope of supply includes the design, engineering, procurement, construction and installation of six converter stations, three onshore and three offshore. Aibel AS will provide the three offshore platforms which will house the HVDC equipment.

Key role for Middle East in ICR Group growth strategy ICR Group has recorded its highest turnover since the business was launched in 2011 – with the Middle East playing a key role in the firm’s success. ICR, a technology-focused provider of specialist maintenance, inspection and integrity solutions across multiple sectors, has seen increased demand across its core energy sector operations, following the roll-out of an internationalisation strategy and diversification into other sectors. The UK firm’s turnover for its 202223 year end was £41.7m, a 20% increase on its previous financial year. Headcount has increased globally by 15%, from 204 to 235, since May 2022 and the company expects to create around 50 jobs across its operations during the next phase of its strategy. ICR’s established technological solutions continue to play a significant part in its growth. Technowrap provides life-long repairs that can be applied to internal, external and through-wall defects on complex geometries, while INSONO is an innovative NDT (non-destructive testing) technique for the inspection of engineered composite repairs. The Technowrap repair system reduces emissions by 66% compared to the traditional replacement methods. Quickflange offers cold work solutions with weldless, high-performance flange-to-pipe connections. It provides a permanent repair option for improving pipeline integrity and flow assurance, eliminating the need for welding or hot work. ICR’s drone division, Sky-Futures, has also secured further international work. NAMA Development Enterprises is ICR Group’s sponsor in Abu Dhabi, while its new execution partner in Abu Dhabi is APS.

For more information: www.icr-world.com

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Our international expansion not only bolsters our long-term sustainability but also plays a vital role in creating meaningful and enduring employment opportunities, positioning us as a contributor to the energy transition. Jim Beveridge, Chief Executive Officer, ICR Group

Consultancy Services A team of AWP experts provides tailored consultancy services to assist organisations in implementing and optimising AWP methodologies. This service ensures alignment with project objectives, fostering success in project execution. Support Services The partnership extends beyond implementation, offering ongoing support to guarantee the seamless operation of AWP processes. This includes addressing technical issues, providing training and guiding teams to navigate challenges effectively.

James Walker wins BPF Energy Award

Kemuncak Lanai Sdn Bhd and Construct-X forge groundbreaking partnership

James Walker has received the 2023 BPF Energy Award for energy efficiency improvement from the British Plastics Federation With over 500 member companies, the BPF represents over 80% of the UK plastics industry by turnover. In support of all energy initiatives undertaken by the plastics industry, BPF Energy makes an award each year to acknowledge energy efficiency improvement within the Plastics Sector Climate Change Agreement.

The award was received on behalf of the James Walker Group by David Jackson, Group Finance Director, accompanied by colleagues from the Cockermouth site.

Kemuncak Lanai Sdn Bhd (KLSB) and Construct-X have officially announced their strategic partnership, marking a pivotal step towards redefining the landscape of project execution. The signing ceremony, pictured below, underscored the spirit of collaboration, innovation and a shared vision that will shape the future of the oil and gas industry. The partnership between KLSB and Construct-X is centred around the integration of advanced work packaging (AWP) services, a groundbreaking approach to project management. At the core of this collaboration are three key components:

The signing ceremony witnessed an undeniable energy as representatives from KLSB and Construct-X embarked on a transformative journey. The collaboration aims to push the boundaries of what is achievable in project management, setting the stage for remarkable milestones in the industry. Stay tuned for updates as KLSB and Construct-X work hand in hand to usher in a new era of project management marked by efficiency, collaboration and innovation.

For more information: www.kemuncaklanai.com.my

The award is assessed on the improvement over the year and is calculated by taking the incremental energy consumed against incremental production achieved. This year James Walker Group’s Cockermouth manufacturing facility in Cumbria came top of the rankings of some 522 sites and received the 2023 BPF Energy Award at the Association’s 90th Gala Dinner event in London.

Comprehensive Training Programmes To empower client teams with essential skills and knowledge, KLSB and Construct-X will jointly provide comprehensive training programmes. These programmes are designed to equip teams with the expertise needed to implement AWP effectively, thereby improving project delivery in terms of quality while mitigating the risks of schedule slippage and cost overruns.

For more information: www.jameswalker.biz

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Kloeckner earns global ISO 22301 certification

Pix Force receives international innovation award

Kloeckner Metals UK has successfully attained ISO 22301 certification. ISO 22301 is an international standard for business continuity management system (BCMS) that certifies the company’s compliance with global standards for continuous operations in the event of any disruptions.

Pix Force, a leading artificial intelligence startup in Brazil, has been recognised as the primary innovative and applicable solution for the oil and gas sector at the ATCE 2023 Start Up Village by the Society of Petroleum Engineers (SPE) in the US. The company was chosen from over 100 startups from various countries operating in the energy sector and was awarded in two categories: Best in Show and People’s Choice.

The primary purpose of BCMS is to identify threats relevant to a business and the critical business functions that they could impact. The ISO 22301 standard is designed to assist companies in identifying potential threats, assessing their impact and implementing plans in advance to prevent business disruptions.

I am extremely proud of our team, whose hard work and commitment helps us consistently drive the business forward and lead the way among the industry suppliers. Peter Whiting, CEO, Kloeckner Metals UK

In today’s rapidly changing global environment, numerous risks can affect companies’ operations. Kloeckner’s ability to manage everything from routine incidents to disruptions in the global supply chain gives customers enhanced confidence that they will receive the products and services they need, when they need them, even during unforeseen circumstances. Kloeckner Metals UK is one of the leading metal stockholders and processing suppliers in the UK. It is a member of the Klöckner & Co Group, one of the largest producer-independent distributors of steel and metal products and one of the leading metal distribution companies worldwide.

For more information: www.kloecknermetalsuk.com

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Renato Gomes, the co-founder and president of Pix Force, received the award from the SPE representatives – a globally relevant entity in the oil and gas market, involved in research and innovation. Commenting on the competition’s result, the president of Pix Force highlighted the significance of this recognition for the startup’s journey. Additionally, in 2022, the company was one of three startups awarded in the first South Summit Brazil and this year, it was featured in the 100 Startups to Watch 2023 ranking, listing the most promising companies in the Brazilian innovation ecosystem. Pix Force also appears in the Top 100 Open Scaleups 2023 ranking. For 2024, the startup plans to further expand its operations, including opening a new investment round, which is expected to solidify its internationalisation process. The intention is for the majority of the funds (75%) to be allocated to marketing and sales, with the rest for optimising an internal Pix Force platform for AI development. Pix Force has offices in Porto Alegre (RS) at the Caldeira Institute, in São Paulo (SP) at Cubo and Inovabra and also in the US and Finland. Its clients include major international players in the oil and gas and energy markets, including Petrobras, Shell, CEMIG and Eneva Energia.

For more information: www.pixforce.com.br/en

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Proserv makes senior appointments in Norway and Q atar Proserv has appointed two new general managers (GM) for its businesses in Stavanger, Norway and Doha, Qatar. Rune Christian Godejord and Trevor Ogilvie count more than 30 years’ experience in the energy industry between them, including in subsea oil and gas and topside controls across multiple regions. Rune Christian Godejord has taken up the role of GM in Stavanger, joining Proserv from oilfield services company Baker Hughes where he was country manager for Norway, with responsibility for its subsea ventures and topside activities. Godejord has worked for more than 20 years in the oil and gas segment, with the majority of that time spent at TechnipFMC. In previous posts, he has overseen a sales function extending across the eastern hemisphere and built up a controls system business in Singapore. Godejord has experience in expanding subsea operations and this is a crucial target area for Proserv which has a key subsea technology and R&D centre of excellence based in Trondheim in central Norway. There are close synergies between these sites and Godejord will leverage them to accelerate further activities in Norwegian waters for Proserv’s renowned solutions.

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AEG Power Solutions introduces IGBT industrial UPS system Protect 8 PLUS

Trevor Ogilvie has taken on the responsibility of GM in Doha, having joined Proserv more than two years ago as its technical sales manager for Saudi Arabia and Qatar. Ogilvie has extensive experience in the oil and gas industry in the Arabian Gulf and has also spent time in the UK during more than five years with integrated solutions provider Alderley. Before moving to Proserv, Ogilvie was the Middle East operations manager for a leading storage tank specialist. Proserv’s facility in Doha delivers a broad range of service support including manufacturing, onshore and offshore maintenance and trading, with some of the world’s biggest OEMs and national energy companies among the regular clientele. Ogilvie will leverage his experience working with the major national players in the region to further build his team’s portfolio of customers. Proserv is an Aberdeen headquartered controls technology company, providing solutions to clients across the energy sector to optimise performance, improve efficiencies and extend the operational life of critical infrastructure. Proserv operates worldwide and has 13 sites located in the US, Europe, the Middle East and Asia.

For more information: www.proserv.com

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AEG Power Solutions (AEG PS), global provider of power systems and solutions for all types of critical and sustainable applications, has introduced a new range of We want to use every opportunity connect uninterruptible to power supply with (UPS) our members, so pleasesystems, followwhich us onfeature Twitter a full IGBT (@TheEICEnergy) and connect with on LinkedIn – architecture and us industrial-grade build to provide a safe power backup EIC (Energy Industries quality Council) to protect refining and petrochemical Below you’ll find a selection of some of the exciting industries, transportation EIC activities and useful industry information we’ve infrastructures, manufacturing and shared through our social media other criticalchannels. businesses against all power disturbances. Protect 8 PLUS supports a standard

The EIC three-phase input and is available as @TheEICEnergy single-phase or three-phase output

Shape the future of the supply chain from 10 to 40 kVA, with 216 Vdc or at the 9th Annual Energy Supply Chain Summit, 384our Vdc batterycode voltage. By the end of 5-6 December in Houston. Use discount the year, it will also and save 20%: EIC20. Visit #SCPHouston23support 60 to 120 kVA in both configurations. Thanks to its IGBT rectifier, the system offers a high input power The EIC factor of up to 0,99 and very low @TheEICEnergy harmonic current rejection on the See the latest EIC industry news: input side which makes it a PDO approval for Alleima H&I(THDi) tubing perfect fit in situations boosts growth. Visit https://the-eic.com/ where the UPS is supplied by a generator set or to MediaCentre/Detail?articleId=1410 avoid harmonic perturbations of loads connected to the upstream busbar. This results in substantial savings on 80 the sizing of the upstream network. EIC (Energy Industries Council) The bi-directional rectifier also enables EIC Dubai has announced our inaugural several battery capacity tests feeding Christmas Cracker Golf Day, at Yas Golf back into Acres the grid without using the Club in Abu Dhabi on 7 December. Learn more bypass line, requiring additional load www.the-eic.com/EventDetail?dateid=4056 banks or affecting the load. With the Protect 8 PLUS, AEG Power Solutions brings a new pre-charge system (patent filed) to the market, generates a very low inrush current of below two times the nominal current to optimise the upstream protection. Protect 8 PLUS offers best in class performance with the built-in static bypass switch, offering a short-circuit capability of up to 1000% for 50ms, which is important for petroleum applications. On the inverter side it provides outstanding output short-

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December – February 2023/4

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International trade 2023 global highlights Seasons greetings and a happy new year from the International Trade team. Camilla Looking back at 2023 Tew reminds us of what a jam-packed successful year we have had. We have been delighted to host new and old exhibitors once again at events across the globe and we wanted to share our highlights. We look forward to seeing you in 2024…somewhere across the globe! Camilla Tew, Director, International Trade camilla.tew@the-eic.com

Photos © EIC 2023

June, the EIC team at Energy Exports Conference in Aberdeen 2023

March, WEA, Taiwan, UK & EIC Pavilions

March, Wind Expo Japan, UK & EIC Pavilions

April, Guyana, Trade Delegation

May, OTC Houston, UK & EIC Pavilions

June, Energy Exports Conference , Aberdeen

September, Gastech, Singapore

September, Offshore Europe, EIC Pavilion

September, OGA, Malaysia, UK & EIC Pavilions

September, Hydrogen Technology Expo, Germany

October, ADIPEC, UAE, UK & EIC Pavilions

November, WNE, France, UK & EIC Pavilions

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

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UK and Europe news UK events update What a fantastic year the UK events team has had. 2023 has seen growth in our regional events, as we hosted over 30 events throughout the year and saw an audience of over 2,400 join us. Through the UK series of events, we navigated a wide and diverse range of themes, spanning the entire energy landscape. The team has brought the most current and hot topics in energy to our members and the wider energy industry as we discussed Sustainable Scalable Solar Power, Beyond Hydrogen, The Future of Nuclear Technology, Green Hydrogen, Digital Transformation, Energising the Humber Region, The Power of Collaboration, Celtic Sea, From Waves to Watts and the Cross Sector Decommissioning Conference. Before the year ends we still have time for you to join us and dive into our next hot topics and networking events. Join EIC and Endress+Hauser in Manchester on Wednesday 13 December 2023 for a one-day event focusing on the UK’s hydrogen and carbon capture, utilisation and storage (CCUS) market. This event will bring together a wide range of stakeholders responsible for supporting and delivering on the government’s target to double low carbon hydrogen production capacity from 5GW to 10GW and capturing 20-30Mt of carbon dioxide a year by 2030.

Register now to attend our free members only webinar, hear from our speakers and have your chance to ask Campbell and Stuart any questions you may have: www.the-eic.com/Events/Calendar Going into 2024, the UK events team is looking forward to seeing what the year has in store. There will be some exciting announcements made as EIC continues to grow and represent the voice of the global energy supply chain. The UK events team would like to say a special thank you to everyone who attended our events throughout the year, our partners, sponsors, exhibitors and speakers. We wish you and your families all the very best over the festive period and we hope everyone has a happy, healthy and prosperous new year. Jo Campbell Regional Director, UK & Europe jo.campbell@the-eic.com

Photograph by Photographer London

Also, with the festive season just around the corner EIC and Endress+Hauser will be hosting festive refreshments after the event. Book here: www.the-eic.com/EventDetail?dateid=4032

As 2023 draws to a close and we look ahead to what 2024 is likely to Jo Cam have in store for the pbell energy sector, we invite EIC members to join us on Tuesday 12 December for a live webinar. EIC’s President Campbell Keir and CEO Stuart Broadley will offer their insights as they discuss the past 12 months, the energy market, political changes, industry developments and opportunities, but also crucially look forward to what 2024 may bring for the energy sector.

Andy Cuniah, left & Stuart Broadley, right with the UK events team: Hannah Watson, Nicola McGeown, Caitlin Henderson, Jo Campbell & Rachel Cottiss

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EIC (Energy Industries Council)

Middle East news Regional update It is hard to believe that once again we are at the end of another year. Hopefully like me you can look back on a year with more highs than lows, and that your business Ryan M cPhers on has prospered over the last 12 months. I feel that there is still a lot more to give where at the time of writing, project announcements are set to increase in the region for the second year in a row. In particular the hydrogen and renewable sectors have seen significant projects announced, showing that the Middle East region is looking towards the future in terms of its energy needs, while still maintaining a strong footprint in the traditional hydrocarbon sector. The attention in the region is now firmly on COP28 taking place in Dubai where EIC is proud to support Climate Action Innovation Zone @COP28 taking place from 4-9 December 2023. Billed as the ‘global stocktake’, the discussions are likely to be the most candid to date. As the voice of the energy supply chain globally, the EIC plans to tackle this problem head on, by starting a new piece of research, to collect further evidence from our members, about your challenges and successes in the net zero space. From this research a new Net Zero Jeopardy Report will be published in January 2024. Unfortunately, we had to postpone EIC CONNECT Kazakhstan, but I am pleased to say that conversations are underway to reschedule this for 2024 as we continue to focus on the CIS region. Looking back on the year I have to give tremendous credit to the team who have delivered close to 40 events in the last calendar year attracting close to 2,000 attendees. This included three CONNECT events (Oman, UAE and Baku), which attracted >400 attendees alone. We also celebrated our 80th anniversary, picked up a King’s Award and held our first black tie Regional Awards on the illustrious QE2. Next year we celebrate 20 years in the Middle East and I for one cannot wait to share our plans with you. We also recently appointed a KSA membership manager and will shortly announce our first physical EIC CONNECT KSA. This is sure to be one of our biggest events in the region to date where we hope to see as many of you there as possible. EIC CONNECT UAE will also return in May 2024 where we aim to go bigger and better than last year. On that note we will continue to deliver our GCC, CIS and Africa webinars, Contractor Briefings and our much sought after EIC Industry Roundtables; ensuring that there are lots of opportunities for networking and knowledge sharing in the months ahead. Get in touch Share your news and views...

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Finally, on behalf of the entire team we would like to wish you and your respective families our very best wishes over the holiday period and a healthy, happy and prosperous 2024. We look forward to supporting you and to seeing you at some of our events in the new year. Ryan McPherson Regional Director, Middle East, Africa, Russia & CIS ryan.mcpherson@the-eic.com

Regional news

Shell signs agreement with Oman LNG Shell has signed an agreement to extend its partnership with Oman LNG beyond 2024 as the demand for natural gas continues to grow amid green transition efforts. As per the amended agreement, Shell Gas, a unit of Shell, will remain the largest private shareholder in Oman LNG, with a 30% shareholding and continue its role as technical adviser. Global LNG trade hit a high of US$450bn in 2022 amid a surge in European demand, according to the International Energy Agency.

UAE launches first wind farms in net zero push The UAE has launched its first wind programme as it intensifies efforts to achieve net zero emissions by 2050 and diversify its energy mix. Abu Dhabi clean energy company Masdar has developed the 103.5MW landmark wind project across four locations, which includes a 45MW wind farm on Sir Bani Yas Island. Other wind farm locations include Delma Island (27MW), Al Sila in Abu Dhabi (27MW) and Al Halah in Fujairah, which can produce 4.5MW of electricity. The project also includes a 14MWp (megawatt peak) solar farm on Sir Bani Yas Island. The project marks the first time that the UAE has added utility-scale wind power to its energy mix.

Forthcoming events Please go to page 36 to see upcoming events around the world

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Asia Pacific news Regional update

Following the release of Malaysia’s National Energy Transition Roadmap, Azman was able to showcase succinctly the nation’s current energy transition capabilities using real-time data from EICSupplyMap. We are sure that viewers left the webinar with a level of discernment so that they may navigate through this nascent industry in the years to come. The second webinar conducted by Suffia set forth a discussion on the capabilities of the offshore wind industry with a focus on the APAC region. An insightful analysis was given on the top countries (namely Vietnam, Taiwan, South Korea, Japan and Australia) which helped members gain an understanding of where the APAC market currently stands and where it is headed.

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Masdar, MIDA sign MoU for 10GW renewable projects Masdar has signed a Memorandum of Understanding (MoU) with Malaysian Investment Development Authority (MIDA) for the deployment of 10GW renewable projects in Malaysia. Under the agreement, MIDA will collaborate with Masdar to develop the projects by 2035. The renewable projects will include ground mounted, rooftop and floating solar power plants, onshore wind farms and battery energy storage systems. This collaboration is expected to significantly contribute to Malaysia’s sustainable energy transformation.

Having concluded our flagship EIC APAC Energy Conversations 2023 in September, we maintained our momentum by hosting Azman two informative webinars Nasir on 2 and 9 October, led by our supply chain analyst, Mohd Azman, and offshore wind specialist, Khairun Suffia, respectively.

As the conference season draws to a close, the EIC APAC team hosted a much-needed EIC Connect and Chill event, where members and invited guests, including CEO Stuart Broadley, gathered for an evening of industry discussions over canapés and drinks.

Greenko Group plans India’s largest pumped storage project

To culminate the year-end festivities, the EIC APAC team hosted the Regional Awards Gala Night 2023 on 30 November, honouring the company’s 80th anniversary in the breathtakingly scenic Boathouse By The Lake. Uniting friends and industry partners who have contributed to the company’s triumphant success this year, the evening concluded with a celebration of live jams, a multi-course meal and a stand-up comedy show from Malaysia’s queen of comedy, Joanne Kam Poh Poh.

Greenko has commenced the construction works of India’s largest pumped hydro storage project in Madhya Pradesh. The project will have a capacity of 1.92GW, with six hours storage which will be able to keep nearly 11GWh daily. Once completed, the project will hold more than 7GW renewable capacity when integrated with other utilities. The project is estimated to have an investment of around US$1.4bn and is part of Greenko’s initiative to develop storage cloud platforms capable of 100 gigawatt-hours.

The highlight of the evening was the awards ceremony, which recognised and celebrated the outstanding achievements of the energy industry players. The awards ceremony was a fitting conclusion to a successful year for EIC APAC. It was a night to celebrate the company’s achievements and the people who have made them possible. Look out for details of the winners on our social media outlets.

EIC Newsbriefs

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

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North and Central America news Regional update The end of 2023 is fast approaching and with this in mind the EIC North and Central America team is working hard to network, build relationships, attend events and host as many Amand a Duho n events for EIC members and non-members to gain value from. Following the region’s EIC Night with the Houston Dynamo 2023, our Membership Open Days welcome both EIC members and non-members to a nearly two-hour virtual event where delegates have the opportunity to hear a market overview of the region from our team of analysts, network, win an EIC country report and hear a business presentation from an EIC member company such as Mintmesh who recently discussed its offerings and its valuable relationship with the EIC. Thank you to our speaker Anish Verma, Chief Sales and Marketing Officer, Mintmesh. As a reminder to our community, if a member company is interested in participating in an upcoming Membership Open Day, please reach out to adriana.romo@the-eic.com In addition to the continuation of our Membership Open Day series, our region began hosting its 2023-2024 Market Update series on Thursday 5 October 2023 with the first event in the three-part North and Central America Market Update Series: Mexico. Our region’s Market Update series is divided into three virtual events covering a Mexico market update, Oil and Gas market update and Renewables and Energy Transition market update provided by our very own EIC analyst team. During our first event in the series, we had the pleasure of welcoming Gilles Vignal, Managing Director, British Chamber of Commerce in Mexico (BritChaM) and EIC’s very own Pietro Ferreira, Market Intelligence Manager (CAPEX) for a discussion covering a market update and the economic and political challenges and opportunities present in Mexico. Thank you to our speakers and a special thank you to BritChaM for its time and participation. To register onto our next event in our Market Update series, please email houston@the-eic.com Lastly, during the months of September and October, the North and Central America region participated in and attended Re+ Solar International, the 7th Annual Conference on Offshore Wind Transmission US, Breakbulk Americas 2023 and the Clean Energy Investment Summit 2023 and the year is not over yet. We hope to meet new and familiar faces at an upcoming 2023 conference. Amanda Duhon VP & Regional Director, North & Central America amanda.duhon@the-eic.com Get in touch Share your news and views...

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Upcoming events North and Central America Membership Open Day with Roxtec Wednesday 6 December 2023 EIC’s Women’s International Day: Women in Energy Thursday 7 March 2024 Market Update: Renewables and Energy Transition Thursday 14 March 2024

Regional news

US agency planning to trim Gulf of Mexico O&G lease sales The US Department of the Interior (DOI) has announced plans to support the expansion of offshore wind initiatives while scaling back new oil and gas leasing in the Gulf of Mexico. The most recent five-year leasing programme announced by the Bureau of Ocean Energy Management (BOEM), part of the Interior Department, foresees no more than three oil and gas rounds being carried out in 2025, 2027 and 2029, the smallest number since the federal lease programme began in 1980. The plan is aligned with the Biden administration objective of becoming net-zero by 2050, also being a part of the goal of achieving 30GW of installed offshore wind capacity by 2030 and reaching a carbon-free electricity sector by 2035.

Trinidad & Tobago launches shallow-water bid round The Trinidad & Tobago Ministry of Energy opened a bidding round for 13 shallow-water oil and gas exploration blocks on 3 October 2023. The announcement was made with the addition of a number of fiscal changes, including the increase of the exploration period from six years to eight years, the removal of a prebid fee and the reduction of the bid fee from US$40,000 to US$30,000.

Forthcoming events Please go to page 36 to see upcoming events around the world

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South America news As 2023 draws to a close, the EIC South America team successfully hosted more than 20 events, bringing together a remarkable total of over 1,500 attendees. These events featured Clariss e Roch a prominent industry players such as Eneva, Petrobras, Shell, Origem, Braskem, TotalEnergies, Trident Energy, Galileo, Modec among many others. The highlights of the year included the resounding success of EIC Connect Brazil in July, the EIC South America Regional Awards and Rio Samba & Gas during OTC Brazil. In September, presentations from Petrobras and Enauta, both significant figures in the oil and gas exploration arena, were notable highlights during the much-anticipated EIC South America Awards that also included an interview between the Brazilian Petroleum Institute President, Mr Ardenghy and EIC CEO Stuart Broadley. During his visit, Stuart addressed questions and provided valuable insight into his extensive seven year Survive and Thrive interview process, which will be open again in January for applications. Rio Samba & Gas gathered almost 200 attendees for a pleasant evening of corporate entertainment.

Regional news

Regional update

Clarisse Rocha receiving her EIC long service award from Stuart Broadley, left, and Roberto Ardenghy, President of IBP – Brazilian Petroleum Institute

Our breakfast in November was opened by the Consul General in Rio, Mr Anjoum Noorain, focused on hydrogen and renewables and brought Casa dos Ventos and ABIHV (the Brazilian Green Hydrogen Association) to give an overview of the opportunities in the region. These events not only served as platforms for informative discussions but also facilitated invaluable networking opportunities fostering connections and sharing knowledge within our industry. As we look forward to 2024, we are filled with enthusiasm for our continued commitment to enhancing and enriching our events and programmes, serving our industry even more effectively. Clarisse Rocha, Director – Americas clarisse.rocha@the-eic.com

ANEEL to carry out T&D auction in March 2024

ANP to offer exploration blocks under Concession regime

The Brazilian Power Regulator (ANEEL) has opened a notice for Transmission Auction 1/2024, which comprises 15 lots across 14 states and aims for the construction and maintenance of 6,475km in new transmission lines and a transformation capacity of 9,200 MVA. The auction foresees investments up to US$4bn (R$20.5bn) and is scheduled to take place on 28 March 2024 with the forecast for the contracts signature on 28 June 2024. The lots mostly cover new lines and substations across north eastern states to enable the flow of renewable power generation into the national grid.

Brazil’s National Petroleum Agency (ANP) will receive bids related to the 4th Cycle of the Permanent Offer under the Concession regime (OPC) on 13 December 2023. The fourth round will feature the offering of the Japiim marginal accumulation area and of exploration blocks across nine basins. ANP also approved geological and economic studies for oil blocks Amazonita, Safira Leste and Safira Oeste in the Santos Basin. Contracts are expected to be signed by 31 May 2024.

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Global Maritime Unifying disparate business units to become ‘One GM’ The solution Ekkehard Stade, COO Marine

The ﬁrst port of call for Global Maritime’s leadership was to examine all the various entities within the business, weigh up which ones were delivering value, and decide how the pieces would fall into place under a single umbrella.

How is Global Maritime thriving? Global Maritime has almost completed a root and branch transformation of its organisational structure, the company adopting a One GM policy to bring together its disparate entities into a unified company that is collectively pulling in one direction. Operating with five synchronised business streams, it is starting to reap the rewards of closer collaboration and the sharing of expertise to avoid wasteful outsourcing of work. The challenge In business for more than four decades, Global Maritime (GM) has built itself into a foremost consultancy, supporting clients around the world in their efforts to de-risk, innovate and push forward energy transition strategies in the offshore energy and marine sectors. Headquartered in Norway, the company is in the midst of a critical chapter of its development. Over the course of its history under different ownership and management models, Global Maritime morphed into large but fragmented organisation with little consistency between disparate operational units. Around five years ago, the need to create a more unified company was recognised. If it was to scale up and exploit its global base of expertise effectively, it had to operate as ‘One GM’ – this would mean breaking down the silos of local entities and structures and focusing on business streams.

Given the scale of the One GM challenge, the company decided to approach the task with two dedicated teams – one in charge of rolling out a unified ERP system and the other responsible for standardising processes, documentation, policies and business management systems. Senior management would also steer much of the change needed with the help of subject matter experts from within the organisation who were eager to help drive the strategy forwards. Alongside this, a detailed financial review was conducted across 2018 and 2019 under a new CEO and CFO, both bringing with them strong finance backgrounds. The first of the five new business streams were implemented in 2020, with Aberdeen-based Operations Manager Johnny Logan promoted to CEO to help steer the change process from the top of the enterprise. Meanwhile, underperforming parts of the GM network were starting to be closed down and merged into new streams, while townhalls were held to introduce the new structure and achieve buy-in from colleagues. As well as moving Logan to CEO, several other important senior leadership appointments were made, including the hiring of dedicated directors to run each business stream. Each stream also identified which product lines to prioritise based on their expertise and capabilities. In the space of two years, all five business streams

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have become fully operational and Global Maritime is now around 95% of the way through the change programme. Although still relatively early days, the company is starting to see the fruits of the immense efforts it has put in behind the scenes. One of the greatest advantages being realised is the newfound visibility the firm now has over every aspect of the work it carries out – thanks to a joined-up ERP and cohesive structure, GM now has 100% visibility down to a granular project level, allowing it to respond faster to clients and fix issues more efficiently. This is being reflected by promising trends in numbers. Revenue and work delivered internally (where otherwise it would have been outsourced) has grown by 50% thanks to improved access to subject matter experts housed within the One GM business. This is contributing towards solid performance, the company expecting to grow revenues by €5m to €58m in 2023 and sitting on a project pipeline worth €40m at the end of February – double what it had back in 2020. Global Maritime can now look ahead to scaling sustainably once again. With a unified business that is now delivering better value for clients, the future looks a lot clearer (and brighter) than it did just five years ago. About Global Maritime Global Maritime is a marine, offshore and engineering consultancy, working to de-risk, innovate and drive the energy transition in the offshore energy and marine industries. The company specialises in marine warranty, marine assurance, marine operations, dynamic positioning, engineering and geoscience services and is renowned for its independence, structural innovation, experience, integrity, operational excellence, and safety. Headquartered in Norway, Global Maritime can support its growing global client base through strong teams in 22 offices across 17 countries.

2023

Story type #transformation (main category) #culture, #optimisation, #resilience Benefits • Revenues to grow €5m in 2023. • Project pipeline doubled in 2018: €40m by February 2023. Key findings For industry • Look at scalability from the start. You can’t get big if your systems and structure are not suited for it. • Try to build culture of trust, critical for workforce to perform at their best. For government • Drop administration issues between individual states, e.g., if the US federal government had control of energy in individual states, renewables would have grown much faster. Global Maritime at a glance: Key products and services: Marine, offshore and engineering consultancy. Main industries served: • Oil and gas – 45% • Renewables – 35% • Energy Transition – 10% • Others (infrastructure) – 10% Headquarters: Stavanger, Norway Year established: 1979 Number of employees: 290 Revenue: £46.7m Revenue from exports: 80%

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HARTING Technology Group Capitalising on the modularisation and pluggable connectivity opportunity concerns slowly diminishing where pluggable connectivity solutions from market leaders have been proven reliable. Guanghai Jin, Team Leader Industry Segment Manager

How is HARTING Technology Group thriving? HARTING Technology Group has capitalised on the demand for intelligent technology solutions to drive modularisation and standardisation. Critically, the company’s renowned pluggable connectors have been speciﬁed by an international wind turbine manufacturer for use across turbines, nacelles, foundations, vessels and more at an infamous offshore wind farm to drive major cost savings.

For HARTING, this has opened up a promising new frontier. However, while the company had some success in certain energy segments like wind and storage systems, it needed to consider how it could serve the entire market in a more systematic way. The solution As HARTING was presented with more and more customer requests for modularisation and connectivity solutions spanning wind, solar, storage and hydrogen, the ﬁrm began to consider how it could best capitalise on the opportunities available from 2020 onwards.

The challenge Prior to 2015, pluggable connectivity was not commonly accepted or applied in the energy industry. Oil, gas and coal dominated the energy mix which meant very few electrical connectors were needed, while some harboured quality concerns in the belief that pluggable connectivity could be a possible failure cause. However, that all changed when 2050 net-zero emission targets were affirmed with the Paris Agreement, demanding that fossil fuel-driven energy infrastructure established over centuries must be replaced by renewable alternatives in just 35 years. Here, modularisation and pluggable connectivity solutions have been identified as a solution to quickly deploy decentralised clean electricity technologies such as wind, solar and battery storage. Crucially, these technologies are extremely attractive in instances where quick and safe outdoor field connections are required, with quality

Driven by the cooperation of its industry-segment, product management and sales leaders, the company restructured the way in which it served different market segments to cover promising technologies like hydrogen, storage, solar, and energy management and control. This included the development and introduction of go-to market strategies, with particular emphasis on targeting select key regions such as China, the US, Germany, the UK, France, Spain, India and Denmark. The renewed strategy resulted in the securing of several major projects, including a 2022–25 contract for the wind turbine manufacturer and the landmark offshore windfarm. Here, HARTING’s pluggable connectors and connectorized cable sets will be used as the interfaces between the wind turbines’ modules in what will be a several million euros project. This is a highly signiﬁcant contract. Not only does it

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demonstrate positive market sentiment towards the firm’s durable and reliable pluggable connectors that have developed a proven track record in the offshore wind over the course of several decades, but it also offers a unique case study to showcase its product’s benefits. The company will deliver a consultancy and solutions offering on modularisation and interfaces, offering global coordination of the customers’ sub-system supplier networks and reducing transport, installation and maintenance costs during the lifetime of the turbines, offering significant cost savings via several different avenues. Indeed, this project is just one of many the firm has recently secured work on. Through its strategic changes, the company has seen a continuous increase in revenues and a growth in its pipelines in both the quantity and value of projects. Having successfully adapted to better capitalise on what has become a booming market in recent times, HARTING now looks well placed to thrive for many years to come. While the firm is now intent on exploring possible business model innovations for the mid-or long-term to diversify and futureproof, its improved position in relation to modularisation and connectivity projects across all energy segments and key regions stands it in good stead as strong foundations from which to build on moving forward. For the remainder of 2023, focus is shifting to improved customer profiling, consolidating its existing portfolio, and improving the organisation’s value proposition – initiatives that will only further enhance its prospects. About HARTING Technology Group The HARTING Technology Group is skilled in the fields of electrical, electronic and optical connection, transmission and networking, as well as in manufacturing, mechatronics and software creation. The Group uses these skills to develop customised solutions and products such as connectors for energy and data transmission applications including, for example, mechanical engineering, rail technology, wind energy plants, factory automation and the telecommunications sector.

2023

Story type #service & solutions (main category) #diversiﬁcation Benefits • Company’s energy market revenues and open opportunities in a continuous growth. • Three-year contract secured with an international wind turbine manufacturer for offshore wind farm projects. Key findings For industry • Standardizing can save a lot of work and money for everyone – but it starts with deciding to modularise. • Stop increasing the turbine sizes – agree on standardisation (or platform-isation) as an industry, to start making money again. Make components interchangeable, reducing cost for the whole industry. For government • Put net zero as highest strategic priority. Time window is running out. HARTING Technology Group at a glance: Key products and services: Global leader in plugging connectivity, providing durable and reliable product solutions. Main industries served: • Energy • Industry • Railway • Mobility • Smart Infrastructure • Others Headquarters: Espelkamp, Germany Year established: 1945 Number of employees: 6,500 Revenue: £918m Revenue from exports: 80%

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Hempel A/S Resilience and ingenuity: Hempel A/S pioneers epoxy intumescent solutions for a competitive edge

Rameer Tharola, Segment Development Manager – Global H-PFP

How is Hempel Paints thriving? Recognising a gap in its portfolio of protective coatings a decade ago, Hempel Paints has invested a huge amount of energy in developing a product for clients in the hydrocarbon passive ﬁre protection segment. Now, after many years of testing and reﬁnement, the company is already making inroads with customers who have responded well to the new solution. With new contract wins secured and a growing pipeline of awards emerging, the decision to target this sector appears to be an extremely wise one, not least because the company can now position itself as a one-stop coatings shop for many of its customers. The challenge Any business that has been operating for a century has the right to say it has stood the test of time. Since 1915, Denmark’s Hempel Paints has been developing, producing, and distributing paints, coatings and coating systems predominantly for the protective, marine, container, yacht and decorative industries. Its ethos is simple – to provide high-quality, sustainable coatings solutions that protect and enhance surfaces and structures around the world. And it is a truly global enterprise, its footprint comprising 30 factories, 130 distribution points and 14 research and development

centres that are operated by a workforce of 6,500 employees who oversee more than €2bn worth of business each year. Despite the company’s huge legacy and standing with clients in multiple industries, one relatively underexplored segment is hydrocarbon passive fire protection. A key challenge, therefore, lay in developing fire protection coatings that could fill this prime gap in its extensive portfolio. The solution Hempel has invested significant time and resources into R&D in the hydrocarbon segment. It has a dedicated department based in one of its centres in Spain which is charged with developing a product to cater to energy industry standards and offer something superior to what is currently available on the market. In July 2022, the company launched Hempafire XTR 100. A lightweight product with easy application compared to its competitors, it has been successfully trialled against industry test standards and in highly corrosive environments. It is already proving popular with several large industry operators, including NOCs/IOC’s and EPC’s working in the downstream segment – key to its popularity, among other things, has been the ability to find the optimal balance between low weight and the quality of protection offered. Getting to this point has been a decade in the making, with the testing cycle alone lasting several years to ensure it can perform against numerous tests and standards.

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During this time, the company’s business development team has been working in the background with operators and asset owners to get the product specified prior to launch. Winning over prospective users of the product has not been difficult. Hempel is over 100 years old and represents a trusted brand with a solid client base who already had a demand for this new service. Now, with its portfolio as complete as it has ever been, the company can serve as a one-stop coatings shop for many of its customers. In addition to the Hempafire XTR 100, Hempel offers additional services which include on/off field technical support, applicator training program, fire engineering, application assistance and specification writing. The company also offers customised solutions and on-site support for customers around coatings selection, project management and inspection services. Being a member of the EIC has also proven valuable in terms of branching out into the hydrocarbon fire protection segment, not least because it has enabled Hempel to network with other industry players, gain access to market intelligence, and stay up to date on the latest trends and regulations in the energy sector. Although it is still relatively early days, the firm has already made some key strides in the form of significant contract wins, its project pipeline and awareness increasing in line with growing awareness of the new product offering. Over time, the ambition is to grow its client base, the company identifying more than 160 clients and new clients that could benefit from its latest product development. About Hempel Paints Hempel A/S is a global coatings manufacturer that develops, produces, and sells coatings and related products for the protective, marine, container, yacht, and decorative industries. Hempel’s main activity is developing, producing and distribution of coatings.

2023

Story type #optimisation (main category) #innovation Benefits • Significant contract wins. • More than 160 clients and new clients identified. Key findings For industry • Understand requirements in your market and bring in a sustainable product to fill this gap, you will do well. • Accept new ways of working and technologies to deal with in a changing market. Hempel A/S at a glance: Key products and services: Protective, marine, decorative and yacht coatings, technical support, training and application assistance. Main industries served: • Oil and gas – 45% • Others (marine) – 55% Headquarters: Copenhagen, Denmark Year established: 1915 Number of employees: 6,500 Revenue: £1.85bn

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Hugh Fraser International (HFI) Successfully pivoting to become a more prosperous enterprise

Hugh Fraser, Managing Partner

How is HFI thriving? Having experienced and learned key lessons from the global ﬁnancial crisis in 2008, the oil price slump crisis in 2014 and the Covid pandemic crisis in 2020, HFI has emerged into a new 5-year business plan for the mid2020s as a strong and stable entity thanks to an allencompassing transformation strategy. This strategy has the key pillars of rigid focus on client service, solutions and results, investment in professional know-how and expertise training and development, and embracing of advanced technology and systems in relation to its core and traditional petroleum technology business and a diversiﬁcation programme allowing both geographical expansion and additional focus on net zero energy technologies. The challenge

HFI has been a proven strategic partner to its customers since 2003, supporting them in establishing, expanding and divesting their international businesses through strategic, value-added consulting and legal services in the MENA region. In addition to the impact on its clients of the triple crises referred to above, HFI has also faced the growing stigmatisation of the petroleum sector politically, the withdrawal of traditional banks from SME working capital support and the increasing international anti-money laundering and corporate governance strictures being imposed on SMEs doing international business. However, HFI saw these challenges as opportunities. The solution Turning challenges into opportunities meant changes across three vectors: increased productivity and efﬁciency in the core petroleum technology business for its existing client base, expansion into energy transition technology ventures work bringing access to new clients and two new joint ventures for India and the Egypt, North Africa and Mediterranean region, allowing geographical expansion with both existing and new clients.

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Key elements along the first vector included sharper focus on the Aramco, ADNOC and QatarEnergies highcapex markets in the region, pivoting from fixed costs to variable costs, the adoption of new software technologies and systems, and the introduction of a new professional development training system for its multi-national team and network. A key example is HFI’s project roadmap systems which provide detailed guidance on procedures, documentation, timelines, and anticipated costs associated with client ventures in the target regions. In a market dominated by global legal and consulting firms, the firm has emerged as a market leading boutique practice and has acted for a range of listed companies, private equity backed businesses and owner managed businesses in a series of successful assignments over the period since the start of post-Covid recovery. The business is set to double turnover in 2023 to US$1.5m and plans to achieve turnover of US$10m by the end of 2027.

Story type #service & solutions (main category) #diversiﬁcation Benefits • Revenue ﬁgures on track to double in 2023. • Strong client base retention and growth. Key findings For industry • Change is opportunity. For government • De-stigmatise the petroleum sector and recognise a balanced and integrated energy transition over the next 50 years. HFI Consulting International at a glance: Key products and services: Specialist legal and consulting for advanced energy technology ventures.

About HFI HFI is a specialist professional services ﬁrm led by Hugh Fraser, a Scottish corporate/energy lawyer and member of the Scottish Development International GlobalScot international trade ambassador network. HFI supports clients to establish, expand and divest their businesses through strategic, value-added consulting and legal services, combining specialist know-how, connections, local partners, and execution expertise.

2023

Main industries served: • Oil and gas – 75% • Energy Transition – 25% Headquarters: Dubai, UAE Year established: 2017 Number of employees: 16 Revenue: £1.2m Revenue from exports: 100%

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Howden (a Chart Industries Company) Supporting Shell in its drive to net zero by 2050

Fred Hearle, President of Europe and North Africa Region

How is Howden thriving? Howden, a Chart Industries Company, and world leader in air and gas handling equipment, has been involved with Shell for more than a century. As the oil major continues its push to become carbon neutral by 2050, a new project to use renewable feedstock in reﬁneries instead of crude is underway. The process involves hydro treatment using Howden equipment for high-pressure hydrogen and acid gas compression. As well as supporting one of Howden’s most important, longstanding clients, the project at Shell Energy and Chemicals Park Rotterdam (Pernis) forms part of Howden’s own strategic transformation to re-align with the global decarbonising trends.

In 2023, Chart Industries (NYSE: GTLS) bought Howden, which created the strategic combination of both businesses. Both companies are focused on enabling the global energy transition and industrial decarbonisation. Chart’s strategy “Nexus of Clean™” focuses on the drive for clean power, clean water, clean food, and clean industrials, which is clearly aligned to Howden’s purpose of “enabling vital processes which advance a more sustainable world.” This combination brings together two industry leaders and allows Chart to further penetrate existing markets while providing access to new specialty markets, thus establishing Chart as the undisputed leader in the clean energy transition. Clean fuels are a key growth area and the company’s credentials are now being used by Shell in a landmark project that is about to ramp up. The solution Howden secured the contract to work on the Shell Energy and Chemicals Park in Rotterdam in 2021. It is a highly strategic project for Shell, as they are seeking to become a net zero emissions entity by 2050.

The challenge Historically, Howden was heavily focussed on serving conventional product applications within the oil and gas and broader energy market. The company’s offerings are also ideal to support global efforts to net zero and the energy transition, the company focussed on three key themes – diversiﬁcation, regionalisation and aftermarket/ digital services. In line with this, the company also seeks to reduce greenhouse gas intensity by 50% before 2030 (compared to 2020 baseline) and achieve carbon neutrality by 2050.

Furthermore, European directives are set to increase the part of renewable energy in transportation fuels such as sustainable aviation fuels (SAF) and renewable diesel. Here, Shell is seeking to transform its refineries so they can handle renewable feedstock to produce such fuels, including vegetable oils like soybean, rapeseed and palm, as well as non-edible oils such as those used in cooking oil. Howden is playing a central role in developing the equipment needed to hydrotreat the feedstock. Collaboration from the early stage of the project has been essential, as the parties involved finalised the definition of the equipment design and how it will integrate into the site.

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The contract, worth approximately US$20m, was awarded to Howden owing to its strong execution track record, robust supply chain, depth and spread of expertise, and proven technology – a combination which, for Shell, helps to reduce the overall risk, cost and time involved with the project. From a design perspective, the trend across industry is to move away from traditional “stick-built” plants and Shell’s project makes use of a modularised approach. Key benefits that modularisation provides for oil and gas projects include minimised field time for site integration, dedicated off-site work force, and improved delivery schedules. However, the nature of limited space within tiered modular structures posed additional engineering challenges for the critical packaged equipment such as the main compressors. As well as delivering reciprocating compressors to site, the Howden turbo compressor was critical for the Sulphur Recovery Unit (SRU) module in the Shell Hydrotreated Vegetable Oil (HVO) fuel project. Although its position is at the end of the process flow, uninterrupted operation of this compressor is environmentally vital to continued plant production. Despite the reduced space for design work, years of continuous service must still be assured, and ease of safe maintainability within the constrained environment remains paramount. As engineering specialists, the Howden team naturally relishes this type of challenge. And, thanks to decades of complex compressor packaging experience, Howden was able to provide rapid rounds of technical solution development and feedback to assure the client’s needs would be met. About Chart Industries Inc Chart Industries, Inc. is an independent global leader in the design, engineering, and manufacturing of process technologies and equipment for gas and liquid molecule handing for the Nexus of Clean™ – clean power, clean water, clean food, and clean industrials, regardless of molecule. The company’s unique product and solution portfolio across stationary and rotating equipment is used in every phase of the liquid gas supply chain, including engineering, service and repair and from installation to preventive maintenance and digital monitoring. Chart is a leading provider of technology, equipment and services related to liquefied natural gas, hydrogen, biogas and CO2 capture amongst other applications. Chart is committed to excellence in environmental, social and corporate governance (ESG) issues both for its company as well as its customers. With over 48 global manufacturing locations and 41 service centress from the United States to Asia, Australia, India, Europe and South America, the company maintains accountability and transparency to its team members, suppliers, customers and communities.

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Story type #technology (main category) #energy transition, #innovation Benefits • Landmark project underway. • Company closer to 2050 net zero goals. Key findings For industry • Be bold, be prepared to take calculated risks. • Capitalise on new ways of working, get human capital and collective intellect to collaborate more effectively. For government • Enable investment and regulatory support to facilitate a faster deployment of nuclear SMR within the UK energy mix. It can make a signiﬁcant contribution to energy transition and decarbonisation for the UK. • Also ensure UK companies remain at the forefront of next generation energy solutions for export markets. Chart at a glance: Key products and services: Air and gas handling products and technologies. Main industries served: • Energy Transition – 41% • Oil and gas – 9% • Others (industrials) – 50% Headquarters: Georgia, US Year established: 1854 Number of employees: 11,725 Revenue: £3.1bn Revenue from exports: 92%

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Instrument Transformers Ltd (ITL) Finding firmer foundations to transform effectively

Ronnie Gormley, Owner Paul Munro, Director

To protect client relationships, ITL continued to innovate its product line with investment in capital equipment for medium voltage transformer manufacturing and very high current testing and seeking additional specialist engineers to help upskilling opportunities. This also provided the company leadership a roadmap to future growth. The solution

How is ITL thriving? ITL has emerged successfully from the business hits of the recent oil crisis and global pandemic, which induced an element of internal reflection that has subsequently built a firm diversification to both renewables and overseas markets. The company has proudly retained 100% of its client base in its core transformer business. With focused vision from the business leaders, ITL signed a series of strategic partnerships in cutting-edge technologies. The challenge ITL, a designer, manufacturer and supplier of transformers for the accurate measurement and protection of electrical equipment in substations, renewables, nuclear, transmission and distribution (T&D), and vessel propulsion systems, found itself in a transformative situation in 2018–2020. Like many energy organisations, it had been impacted by the oil crisis and then the pandemic, the firm facing a reduction in revenue as a result of many of its ongoing projects having to be put on hold. A number of its international customers either relocated production or parts of their supply base to low-cost economies, while others were lost through amalgamation or acquisition. The challenge for ITL was to adapt to the contraction of the UK customer base whilst also addressing the challenges of low-cost competition elsewhere in the world?

ITL had begun to consider how it could adapt to turn fortunes in its favour starting back in 2018. In these early phases, the ﬁrm looked at what new products were coming into the marketplace, and how client demands were changing. Critically, this led to a focus on renewables solutions such as cable monitoring using passive sensors to maximise utilisation of power generation assets. Here it saw an opportunity, partnering with university spinoffs to develop sensor-based technologies for transmission and distribution solutions designed to help maximise asset performance. Faults happen continuously in the lifetime of T&D equipment. However, nobody had previously monitored the termination points (TP) at the turbine towers or in the array. Instead, existing technologies were designed to monitor the cable itself. As part of a strategic partnership, ITL saw opportunity to help solve this problem in a cost-effective manner by hooking passive sensors onto existing ﬁbre networks within the transmission system. Centralised electronics are then implemented in relevant substations up to 60km away, which can then monitor up to 30 TPs per interrogator unit. TPs are a common cause of failures, meaning service teams have to check all towers and TPs regularly and manually. With ITL’s solution, this can now be carried out passively with continuous monitoring highlighting any fault immediately, or trends that indicate the risk of faults ahead of time.

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The transformation wasn’t solely driven by developing this new solution. Capitalising on it required several strategy shifts. It wasn’t just a case of bringing the products to market, but rolling them out strategically, targeting specific regions and end users and forging critical partnerships. The firm quickly shifted client focus, moving up the value chain to deal directly with protection engineers in utilities themselves rather than tier 2 or 3 suppliers. It opted to work more closely with end user protection teams, driven by the need to move away from low margin, high-volume projects – a strategy that was in-part enabled by the company’s agility as a small and nimble entity. ITL designed a new range of LV/MV transformers over the course of two years to meet the internationally renowned UL standards and improve its prospects in overseas markets that were US influenced. Further, it also invested £600,000 in a new vacuum resin plant to aid doubling capacity for in-house design and manufacture of transformers. ITL established a new renewables division to support its activities within this rapidly developing sector for UK businesses. In terms of collaboration, a key partnership was established with Synaptec for its passive fibre optic sensor technology designed to detect, analyse and provide equipment performance analysis for wind turbine operators, both onshore and offshore and other HV land-based installations. There, remote monitoring of HV cables and termination points can help identify problems before they occur, identify its location and avoid costly and unnecessary shutdown of the whole array or facility. Two joint ventures were also formed with partial discharge industry experts for the permanent monitoring systems of gas-insulated switchgear, further enhancing the range of solutions and services the company has to offer to the power generation and transmission industry. While covid threw a major spanner into the works of ITL’s repositioning strategy, the firm remained undeterred and is now looking forward to continued growth. Today, ITLs revenues have recovered to the levels seen five years ago. The firm is now on a path of major growth thanks to its diversified foundations while also keeping hold of all key clients. Now capitalising on stable, traditional business opportunities in the UK alongside its export strategy, ITL is well placed to excel moving forward. About ITL Focussed on Continuous Improvement in Process, Product and People (CI3P), Instrument Transformers Limited (ITL) listens to customers’ needs and provides the most technically and commercially optimum solution throughout its range. Established in 1973, ITL has expanded nationally and internationally such that it is now an internationally known name in the field of power measurement and protection.

2023

Story type #resilience (main category) #collaboration, #service & solutions Benefits • Ongoing diversiﬁcation process. • Complete recover process to revenues of ﬁve years ago. ITL at a glance: Key products and services: Design, manufacture and supply transformers up to 400kv for the accurate measurement and protection of electrical equipment in substations, renewables, nuclear, T&D and vessel propulsion systems. Main industries served: • Conventional power/T&D – 90% • Oil and gas – 5% • Renewables – 2% • Energy Transition – 2% • Nuclear power – 0.5% • Others (vessel propulsion) – 1.5% Headquarters: Glasgow, Scotland Year established: 1973 Number of employees: 30 Revenue from exports: 40%

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KBR Helping clients go green with the CleanSPEND� carbon calculator

Dave Cole, Director of Projects Solutions

How is KBR thriving? As more and more stakeholders and asset operators in the energy sector look to push ahead with energy transition strategies, the ability to calculate emissions has never been more important. Early visibility is essential to making sustainable enhancements – if projects emissions could be accurately estimated before breaking ground and ordering with supply chain partners, then huge amounts of carbon (and money) could be saved. KBR is actively taking on the carbon calculation challenged, its CleanSPEND� solution already going through rigorous proof of concept testing with clients and evolving into what promises to be a game-changing tool. The challenge Houston-based KBR has been providing government agencies with a range of professional services for well over two decades and rooted in 100 years of engineering history. Another core component of its offering is investing in and developing sustainable technologies to help the corporate world advance its ESG agenda, the company offering high-end advisory solutions centred around energy transition and technology-led asset optimisation.

In more recent times, KBR has been approached by clients to help them ﬁnd ways to support carbon cutting strategies, a major hurdle being visibility and the capacity to predict emissions in the project planning stages. By the middle of 2021, the company set out plans to develop a new carbon calculation tool in light of interest from a growing number of ﬁrms operating in the energy sector. Speed has and continues to be paramount, the company needing to build and prove concept quickly in order to capitalise on the opportunity. The solution Named CleanSPEND�, the carbon calculator can be used either at the early stage of the design process. Users can input the parameters of their design over a detailed set of questions, the system then producing an estimate of the carbon output of the development across the entire lifecycle. Having prototyped it on EV initially, the tool can be used to calculate emissions for hydrogen, solar and offshore oil and gas projects, with offshore wind due to be added later this year. The system draws on information from multiple databases and will only become smarter as more data and added complexity is added over time. The platform is able to compare projects to create a carbon baseline and a set of predicted criteria to start to assess a carbon efficient or inefficient design. From materials, fabrication and transportation to installation

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and decommissioning, all carbon-producing aspects of projects are considered. Getting to this point has not been entirely straightforward. Indeed, KBR has approached the building of CleanSPEND� in small blocks, first proving the concept and gathering feedback before moving on to broadening its capabilities. KBR has broad together an innovative team of engineers and software developers to create the system to extend the value insights it has achieved. Today, KBR is still working with a select handful of clients to finalise the offering and make some final user interface adjustments. Interest has been strong, with international companies both IECs and IOCs. KBR is also working closely with clients to compare emissions with their teams on total scope 1, 2 and 3 emissions. And it is easy to see why the concept appeals to the sector. If companies can accurately model emissions and how to reduce them before placing orders and starting construction work on projects, the potential to go green in a cost-efficient manner is clear. Once fully deployed, CleanSPEND� could also turn into a significant and impactful system for KBR’s Client’s, the company are planning to roll it out on a subscription- service. Should it prove successful, the firm will doubtlessly contribute to the advancement of the energy transition agenda by unlocking the ability to enhance the sustainable credentials of projects before they take off. About KBR KBR delivers science, technology and engineering solutions to governments and companies performing diverse, complex and mission-critical roles in 34 countries. KBR is proud to work with its customers across the globe to provide technology, value-added services, and longterm operations and maintenance services to ensure consistent delivery with predictable results.

2023

Story type #sustainability (main category) #digital, #innovation Benefits • Interest in the tool expressed by major global companies. • Innovative project and investment in energy transition. Key findings For industry • One good idea doesn’t make a differentiated solution. A few and you are a force to be reckoned with. • Diverse teams solve complex problems For government • Ask projects to show their total lifecycle emissions and prove they have selected the lowest carbon intensive options.

KBR at a glance: Key products and services: Project solutions, professional services across defence, intelligence, space, aviation, spanning research and development, advanced prototyping, acquisition support, systems engineering, cyber analysis, space domain awareness, supply chain management and more. Main industries served: • Oil and gas – 16% • Energy Transition – 3% • SAF (Sustainable Aviation Fuel) – 1% • Others (government) – 80% Headquarters: Houston, US Year established: 1998 Number of employees: 28,000 Revenue: £5.3bn Revenue from exports: 10%

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Kent A reshaped business designed to drive energy transition

John Gilley, CEO

major acquisition and is now looking to instil a new sense of energy into the industry with a focus on new technology, sustainability, culture, inclusion and belonging. Critically, however, it is determined to remain agile and maintain the ethos of the smaller, family-run businesses which has enabled it to get to this point.

How is Kent thriving? The solution After more than 100 years in operation, Kent is reshaping the business to lead the industry through the energy transition. With early buy-in among colleagues and clients achieved through careful and coordinated communication and support, the company is impressively ahead of schedule and on track to achieve several business targets by 2025.

Following the acquisition, the Kent team took the time to articulate their ambitions and 2022 launched to employees at the industry at large their brave new purpose statement: “Courageously tackling the greatest challenge of our time to bring our world the energy it needs in the most responsible way ever imagined”.

The challenge Kent’s philosophy is simple – to design, build and maintain the assets that power the world today, and make them future-ready for tomorrow. Built up over 100 years, the company houses a formidable amount of knowledge that enables it to offer a truly cradle-to-grave service, from consulting to design, build, commissioning and start-up through to the maintenance and decommissioning of assets. And with projects executed in over 80 countries, Kent has a truly global footprint. However, with the energy industry currently undergoing a seismic shift, companies need to adapt if they are to avoid being left behind. With the real threat of climate change, governments around the world are increasingly committing to new energies and technologies to drive the energy transition and achieve net zero. Kent’s leadership are determined to play a central role in this transition. Recently, it quadrupled the size of the organisation with a

To achieve this and drive the energy transition Kent focus on three core energy market streams that, come 2025, the company wants to derive its business from equally – conventional, low carbon & renewables, and process & chemicals, and they are well on track to achieve this. Kent has identiﬁed four speciﬁc service lines that it believes will help it to differentiate from competitors from a technical perspective. Indeed, it now presents a full lifecycle service, covering consulting, engineering and projects, completions, commissioning and start-up, and operations and maintenance. All of this is being delivered from three core regional bases covering EMEA, APAC and the Americas, and with specialist engineering hubs in Dubai, Houston, London, Perth and Mumbai. Uniting their people under a common purpose has been critical to the rollout of the strategy, which is ahead of schedule despite only launching at the start of 2022.

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With a commitment to authenticity and transparency, Kent leverages an omni-channel approach to their communications to keep colleagues informed and involved, including video content, social media, an employee engagement platform, Workvivo as well as townhalls led by senior leaders. Client communication and engagement has also been central to the success as they grow their solid reputation for true partnership and generally being good people to work with. As a result of this coordinated communication exercise, stakeholders have been on board from the beginning, making the transition much more seamless than it otherwise may have been. Those working in conventional energy categories are still core to the strategy as these smart teams figure out ways to decarbonise and capture carbon from the production of traditional fossil fuels. These teams are also trained and supported to pivot into adjacent renewable markets where necessary, while new expertise has also been brought in to bolster Kent’s renewable and low carbon expertise. Implementing a flatter organisational structure has also helped with employee relations. The leadership team have always been committed to create the organisation of the future, with strong culture and transparency at its heart. With a flatter organisational structure, the company has benefitted from a more open-door culture where colleagues can have their ideas heard and there is greater crosscollaboration across different locations and teams. Kent using its already outstanding credentials in energy transition projects as a springboard to achieve the company’s new vision. Indeed, it has a 30-year track record in low-carbon work, which includes being involved in 70% of the UK’s offshore wind schemes, more than 50 carbon capture projects globally, a strong presence in hydrogen and multiple waste to energy developments. Looking ahead, by 2025, the aim is for the low carbon and renewables business to make up 50% of total revenue. During this time, the company also seeks to double its EBITDA. Having outperformed its budget to generate a revenue of $1,2m in 2022, momentum is certainly building. Coupled with a promising record of employee retention in such a hot market, the roll out of Kent’s future-forward strategy looks like an inspired move. About Kent Kent designs, builds and maintains the assets that power the world for today and make it future-ready for tomorrow. With 100 years of know-how, it works across the asset lifecycle from consulting to design, build, commissioning and start-up through to maintenance and decommissioning.

2023

Story type #transformation (main category) #energy transition Benefits • Outstanding credentials in energy transition projects. • The aim is for the low carbon and renewables business to make up 50% of total revenue. Key findings For industry • This is a great time to be involved in this industry. The technological and digital innovations to make cleaner energies are fast and enormous. • Be very sure of the purpose of the company ahead of anything else because this dictates the company’s strategy. For government • Demonisation of fossil fuels has led to a drain in investments. This needs to swing back to avoid future price spikes whilst building our capacity of clean renewable energy. Kent at a glance: Key products and services: From consulting to design, build, commissioning and start-up through to maintenance and decommissioning. Main industries served: • Oil and gas – 40% • Renewables – 34% • Others (process and chemicals) – 26% Headquarters: Dubai, UAE Year established: 1919 Number of employees: 12,000+ Revenue: £1bn

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Koil Energy Solutions Embracing a new culture centred around innovation and energy transition

Charles Njuguna, President & CEO

The primary concern was clear. How could the company overcome its challenges, transform under new leadership, and establish status as an important player in a rapidly evolving industry? The solution

How is Koil Energy Solutions thriving? Confronted with a series of challenges, Koil Energy has emerged thanks to a major strategic rethink and sweeping cultural change. In pivoting proactively towards energy transition technologies, the ﬁrm has succeeded in instilling a mindset shift across its employee base that is now focused on curious thinking, collaboration and innovation. The challenge Design, engineering, manufacturing, installation and aftermarket services provider Koil Energy (formerly Deep Down, Inc.) is an enterprise primarily focused on delivering subsea energy products and services. Back in 2019, the ﬁrm faced turbulence and change in the aftermath of its founder retiring. With Charles Njuguna stepping into the role of CEO, he became tasked with steering the company in a new, futureproofed direction – challenging aspirations as Covid-19 hit just a few months later. Faced with negative oil prices, increasingly intense energy transition demands and the volatility of the pandemic period, Koil was plunged into uncertainty. The bread and butter of its operations was centred around hydraulics – a specialism that the industry was speaking about leaving behind as organisations worldwide actively began moving away from oil and gas.

If Koil Energy was to transform effectively in an industry that was transitioning, significant change would be required. The organisation recognised it needed to retain the best parts of itself from the past, while repositioning for the future. This strategic shift culminated in a rebrand in March 2022, the firm moving away from its former name as it pursued a new strategy pathway aimed at energising the future of the subsea energy sector while preserving a standard of creative solutions developed over the years. “Koil Energy may be a new name, but our DNA remains the same… As our customers expand their horizons beyond traditional oil and gas, this move is a charge into a new era, with a steadfast commitment to what we pride ourselves on, nimbly finding unique ways to enhance offshore energy operations,” said Njuguna, commenting on the rebrand. The focus of the strategic repositioning was two-pronged. First, the company sought to continue to have an intentional focus, whilst widening its reach in relation to innovative industry technologies. Expanding its reach beyond oil and gas required an internal cultural change. Second, to both influence and obtain buy-in to this cultural change, Koil Energy created cross-functional working groups to act as charters to drive cultural changes in various areas, including operational excellence, growth and sales, products and innovation, ESG and sustainability, brand and market perception, and talent development and retention.

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These groups provided Koil Energy’s employees with the platform to take ownership of the firm’s transition, encouraging them to think innovatively. It enabled engineers with a passion for marketing to contribute to marketing efforts, and service technicians to suggest process improvements outside their original areas. The initiative has improved cross-functional relationships, providing staff members with the confidence to suggest and implement disruptive improvements and changes. To maximise involvement across the groups, Koil Energy has rotated participants across these charters. Further, the company moved into a new facility in September 2022. It has invested heavily in amenities such as flexible desks, creating an entirely new clean and modern look and feel. Its new campus now has state-of-the-art breakout rooms, a game centre, gym and wellness rooms. Critically, with everyone now operating out of one central location, the team has become increasingly unified, physically breaking down potential internal divisions. While these cultural and office shifts underpin the core shift in thinking at Koil Energy as it moves into a new era, much has been achieved since Njuguna became CEO. The result of this focus on collaboration has been several changes. Indeed, the company is now more intentional in its efforts, slowing down the pace of change around HR initiatives to more effectively gauge and measure success, for example. And it has also revamped its paperwork, establishing a more precise, fluid and quality-centric system. A deep dive into Koil Energy’s equipment strategy to position more effectively for energy transition has also led to several changes. Where the firm was historically provided multiquick connect (MQC) plates by others, it now manufacturers its own such products including a new version rated 20,000psi for new frontier energy projects, based on a patent-pending design containing 50% fewer unique part numbers, while increasing capacity by over 125%. These tweaks are testament to the company’s embrace of change. No longer do Koil Energy’s employees ask “if”, but “how”, with a mindset shift having swept across the company. With this philosophy now at the heart of the enterprise, it is now poised for innovation in the coming years. About Koil Energy Solutions Koil Energy is a leading energy services company offering subsea equipment and support services to the world’s energy and offshore industries. The company provides innovative solutions to complex customer challenges presented between the production facility and the energy sources. Formerly Deep Down, Inc., the Houston-based company was founded in 1997, and is comprised of world-class experts in engineering, manufacturing and offshore installation, with a fearless commitment to Energizing the Future.

2023

Story type #culture (main category) #energy transition Benefits • Koil Energy better positioned for energy transition. • Internal processes enhanced. Key findings For industry • The oil & gas industry not done enough to drive the energy transition conversation. It is a source of good, it can drive the energy transition. Oil and gas can be part of the solution. Koil Energy at a glance: Key products and services: Design, engineering, manufacturing, installation and after-market services of subsea energy products and services. Main industries served: • Oil and gas – 90% • Renewables – 10% Headquarters: Houston, US Year established: 1997 Number of employees: 49 Revenue: £10.5m Revenue from exports: 25%

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Lloyd’s Register Rebuilding its maritime and energy business from a stronger, more focused core

Sean van der Post, Global Offshore Business Director

How is Lloyd’s Register thriving? Following the oil price crash of the mid 2010s, Lloyd’s Register realised it needed to take stock. Its energy business had morphed into a fragmented and unfocused entity that was too thinly spread and in need of a solid foundation from which to built sustainably. Tough decisions were made in the ensuing years. The firm opted to divest two of its divisions and reduce headcount from 10,000 to 3,500 employees, for example. However, today, the company’s offering in the maritime and offshore energy space is both focused and improved, helping it to rebuild its reputation as a trusted asset assurance partner to the oil and gas industry, enabling firms to thrive in today’s changing market. The challenge The crisis triggered by events in 2014 signalled the start of a difficult period for Lloyd’s Register. Financial performance took a hit in the following two years, prompting its leadership to change course. Complexity needed to be removed from the organisation – especially lines of business which were threatening to compromise the healthier facets of the company which were continuing to perform well. Prior to the 2014 downturn, the group had major aspirations for its energy business, the objective being

to grow it to £1.5 billion in size through a series of acquisitions. However, the strategy failed to deliver a setup that was cohesive – instead, the organisation had become fragmented and too thinly spread. Fundamental change was therefore required to create a more stable platform from which it could invest in growth once again. The solution A new maritime-centred vision was launched in 2016, with offshore carved out of the wider energy business. Two years later, the energy business itself was divested, with Vysus going its separate ways and leaving the offshore unit as the sole Lloyd’s Register division operating in the sector. In 2020, the business assurance and inspection services division was also divested and now stands as an independent business named LRQA. The offshore business thus reorganised itself around ﬁve core pillars: • Asset Lifecycle: Helping clients to reduce operating costs with effective asset lifecycle planning and management. • Asset of the Future: Gearing customers towards making smart spending choices on new technologies. • Energy Transition: Adapting operations to help clients remain relevant in evolving energy markets. • Decommissioning & Recycling: Expert solutions to help navigate the regulatory, legal and technical complexities involved with end-of-life strategies. • Remote Services: Helping clients to increase their

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2023

Success Success stories stories

flexibility and work smarter with services powered by remote technologies. With a newly streamlined and focused offshore/energy organisation, Lloyd’s Register went into the current decade optimistic about what lay ahead, not least because it had proper control over its strategy for the energy market once more. Although the Covid-19 pandemic caused some confusion as to how to approach the oil and gas market, the events of 2022 following Russia’s invasion of Ukraine have placed energy security front and centre of the political agenda, signalling an uptick investment which has opened many new doors for the company. For example, it is now working with New Fortress Energy on how it can change the way LNG is brought into the US – a market which the firm had previously underexplored. A suite of nine projects, it is a novel challenge that involves installing a production facility on former Maersk jack ups, and is a perfect representation of where Lloyd’s Register sees a lot of potential moving forwards with its offshore business. Overall, the pipeline for the year ending June 2023 already looks markedly higher, with activity in the first six months already 20% up compared to the full 12 months leading up to June 2022. Project win conversions have jumped from 26% to 42%, while staff turnover is less than 10%, a feat in itself given the disruptive market and restructuring that has occurred in the business.

Story type #transformation (main category) #service & solutions Benefits • Project win conversions jumped from 26% to 42%. • Registered growth in nuclear projects. Key findings For industry • Recognise role the audience has to play. • Help the supply chain to make investments in energy transition. For government • Create the environment that stimulates the government’s ideas and aspirations. • Provide policy necessary for cross industry collaboration.

With nuclear projects, especially around small modular reactors, also ﬁnding their way onto Lloyd’s Register’s books, there are now multiple avenues through which the company can continue its energy sector rebuilding exercise.

Lloyd’s Register at a glance: Key products and services: Oldest classiﬁcation society, grown since then into other areas. Now the trusted advisor to maritime industry, with focus on the sustainable ocean economy.

About Lloyd’s Register Lloyd’s Register started out in 1760 as a marine classiﬁcation society. Today, it’s one of the world’s leading providers of professional services for engineering and technology – improving safety and increasing the performance of critical infrastructures for customers in over 75 countries worldwide. Proﬁts generated fund the Lloyd’s Register Foundation, a charity which supports engineering-related research, education and public engagement around everything the company does.

Main industries served: • Oil and gas – 70% • Renewables – 25% • Energy Transition – 5%

2023

Headquarters: London, UK Year established: 1760 Number of employees: 3,500 Revenue: £500 Revenue from exports: 75%

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