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Inside this issue
June promises to be an actionpacked month for the EIC, with the long-awaited Energy Exports Conference due to take place on screen from 14-17 Mark Risley June, and the publication of the EIC Survive and Thrive Insight Report 2021.
Now in its fifth year, the Survive and Thrive report series tracks and studies the growth strategies used by EIC members to excel during a crisis in an energy industry in transition that has had to both rebuild and redefine itself. In the inaugural edition in 2017, we spoke to companies reeling from the 20142016 oil price crash and highlighted the ways these companies grew in a turbulent market. Five years on and much has changed in the world both in the energy sector and beyond, but no more so than last year when the COVID-19 pandemic struck.
With a record number of participants in 2021, the latest report studies the strategies EIC members put in place to not only survive the crisis of last year, but also to thrive.
Key findings from the report show that diversification is the number one growth strategy used by companies, with many looking outside of energy to de-risk their portfolios. Companies made moves into new energy transition sectors, such as CCUS, hydrogen, energy storage and floating offshore wind, although tentatively and not as core pillars of their business – yet. We also attempt to explain what energy transition means, with many participating companies not 100% sure on the energy sector’s hottest buzzword.
Exports were once again the least used strategy, with many looking at new overseas markets as too costly, risky and time-consuming to utilise in an uncertain market.
With the Energy Exports Conference just a few weeks away, we hope to see many of you at this flagship event to hear some of the world’s top energy companies talk about export opportunities in lucrative overseas markets.
We’re adding new and confirmed speakers on a daily basis, with new additions including Aker Solutions, Vineyard Wind, Texo and Doosan Babcock joining Aramco, Shell, Petronas and many more over the four days.
Book your free delegate place or take up one of the few remaining virtual exhibition spaces for increased exposure and networking, find out more on the EIC website. Also speaking at the event will be Neil Golding, Director of Market Intelligence at the EIC, who in this month’s Inside Energy delves into the opportunities across varying energy sectors in 2021 and beyond.
No matter the sector, Neil predicts a huge upswing in capital investment in the future, and the best place to seek out these opportunities is through the products, services and people that come with EIC membership.
