12 minute read
South America news
Regional update
We are happy to share that Luanna Souza, EIC Project Manager, has had a baby named Manuela on 4 April. Luanna is now on maternity leave and returns to the office in October. We wish Luanna all the happiness and health with her little one.
Clarisse Rocha
Given the current context, the EIC has put together a series of webinars such as the EIC LIVE e-vents: Brazil Market Update, which happened on 30 April and had over 200 people booked. Through this webinar attendees were given an update on the latest energy project developments in Brazil, as well as a unique insight from the Port of Açu and the UK Department for International Trade. Many EIC webinars are being held in the same way, to keep members always up to date in regards to the market and business opportunities.
Regional news
Brazilian power segment impacted by COVID-19
Brazil’s power generation, transmission and distribution segments are experiencing major challenges as a result of the COVID-19 pandemic. The country’s National Electric Power Agency (ANEEL), the sector’s national regulator, has suspended six power generation and transmission auctions originally scheduled for 2020. This includes the A-4 and A-6 auctions for new power projects as well as an annual auction for new transmission line projects. Power distribution companies, meanwhile, are bearing the brunt of lower demand in the commercial and industrial sectors. On the other hand, active projects in the conventional power and renewables segments are not expected to be cancelled or put on hold, as they are supported by long-term power purchase agreements with distributors and/or large industrial consumers.
We hope you and your families are keeping well amid the COVID-19 outbreak. We would like to restate that, at the time of writing, our team is working from home and all office lines are being forwarded to the respective EIC staff.
If you need any assistance or advice in the region or for more information about upcoming events, please contact:
Clarisse Rocha, Head of Americas clarisse.rocha@the-eic.com
Ecopetrol cuts 2020 CAPEX by US$1.2bn
The Colombian national oil company has announced that it will cut its capital expenditure by US$1.2bn and operational expenses by US$500m this year as a result of the COVID-19 pandemic and the downturn in oil prices. Following this reduction, Ecopetrol’s new CAPEX target is now US$3.3-4.3bn. The company’s oil production target for 2020 remains the same at 745,000-760,000 barrels per day. Ecopetrol’s breakeven oil price is estimated at US$30-35 per barrel, which poses serious challenges for the company amid the current downturn.
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RIO DE JANEIRO 20 Y E A R S
EIC celebrates 20 years in Brazil
This month the Energy Industries Council is proud to celebrate 20 years in Brazil since it first opened its doors in Rio de Janeiro.
The original office was inaugurated in Avenida Nilo
Peçanha, on 22 May 2000. In 2009, EIC Rio moved into its current office in Avenida Rio Branco, 89, on the 26 th floor.
Since 2009 the office began promoting events and strengthening ties with major players in the industry as well as prominent government figures, thanks to the initiative of its current Head of Americas, Clarisse Rocha. From 2009 to the present day, EIC Rio has hosted 159 events, training and now webinars, with 5,321 attendees from 1,258 companies.
Much has changed in the Brazilian energy sector since 2000. Already a key oil and gas player back then, Brazil more than doubled its oil production over the next 20 years. Massive pre-salt discoveries heralded the beginning of a new era for the country’s oil and gas sector, bringing new technologies, investment and business opportunities for EIC members around the world.
Vijay Rangarajan, British Ambassador to Brazil, commented: “Congratulations to the EIC. Over the last 20 years, EIC has been an important partner for HMG in Brazil and to the energy sector, delivering high-value content and comprehensive support to its members in a fast-changing world. The importance of energy and the energy transition has never been higher for the world, Brazil and the UK. Long may our collaboration continue.” EIC works closely with suppliers interested in doing business with Petrobras, the national oil company, who have consolidated its position as the world’s largest FPSO operator with multi-billion dollar projects in its portfolio. Over 100 companies received EIC support to get registered with the oil major. Meanwhile, an array of oil companies and independent players entered the market and are developing their own ambitious E&P projects.
EIC has nearly 700 members worldwide, and around 200 active in South America. The Rio de Janeiro office has played a great role throughout the years in aiding its members and colleagues to achieve their goals. Through the years the office has supported several companies to start operations in Brazil such as Aggreko and London Offshore Consultants.
Services from this region also include bringing the best of the UK supply chain to key countries in South America across almost 30 trade delegations. For the next 20 years to come, EIC Rio remains focused on providing services with excellence, helping the supply chain to win business across the globe.
Former president of the Rio office, Ian Wilkinson commented: “This a significant milestone for EIC. Since 2000 the Rio office has evolved into a much slicker operation providing programmes which are helping companies who have lack of market knowledge and exporting opportunities/entry into Brazil.”
BOOKING NOW
NATIONAL EIC
DINNER 2020 22 OCTOBER
New venue Join us at the iconic De Vere Grand Connaught Rooms for a glamorous night of networking, entertainment, awards and great food in a truly palatial setting. Just five minutes from Covent Garden and Holborn tube stations this venue offers excellent transport links and accommodation options for you and your guests.
THE UK’S PREMIER E N E R G Y I N D U S T R Y E V E N T
Join us at the most prestigious event in the UK energy industry’s supply chain calendar as we celebrate the achievements and successes achieved by YOU, our members.
Take advantage of this unbeatable early bird offer to host and entertain your own VIP guests at an unforgettable evening.
Cost
Table of ten: £1,990 +VAT
Individual place: £199 +VAT
Your guest speaker The no-nonsense, legendary comedian that is Jimmy Carr is set to return to the EIC National Awards Dinner after first appearing on our stage in 2017. He’s back to deliver an afterdinner speech that’s guaranteed to entertain and is not for the faint-hearted.
Sponsorship opportunities Corporate hospitality is a great way to help improve relationships within your network. Contact Jamie Lowes, EIC Sales Executive, to find out how to exceed your client’s expectations and differentiate yourself from the competition. +44 (0)7581 152 092 jamie.lowes@the-eic.com
BOOK TODAY
T: +44 (0)1429 874 450 E: nationalevents@the-eic.com www.the-eic.com/nationaldinner
Awards ceremony
© EDF Energy 2017
The EIC awards ceremony will recognise companies which offer a product or service with a positive and significant effect on the UK energy supply chain. Details of award categories and how to enter can be found on the website here: www.the-eic.com/Events/ EICNationalAwardsDinner/Awards
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