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North and Central America news Regional update
We recognise this is an unprecedented time across the energy sector. Now more than ever, the benefits of EIC membership are crucial as we move to a work-from-home Amand a Duho n environment while maintaining a business as usual commitment. The EIC Houston team is committed to keeping our members informed of all the latest project developments and opportunities to network. We are currently working to deliver a series of EIC LIVE e-vents to ensure our members get the maximum benefits from EIC market intelligence from EICDataStream and EICAssetMap, the launch of the Mexico country report with a series of events on the market following, a deep dive into LNG and US offshore wind, energy transition, and a weekly online coffee, tea or happy hour with the EIC Houston team. Furthermore, as major conferences and exhibitions have been cancelled or postponed, we want to ensure our members are connected with key project decision makers to keep them one step ahead of the competition and thriving during these difficult times. To do so, we are now working to co-ordinate virtual one-to-one appointments for the UK pavilion exhibitors who would have been in Houston during May, attending the Offshore Technology Conference (OTC). EIC Connect Energy USA 2020 planning for September is underway and we are delighted to have Unger Steel, William Hare, Ari Armaturen, iPS Powerful People and Pentagon as sponsors of our fourth edition of this conference. In 2020, our conventional oil and gas conference theme will incorporate the transition to lower carbon energy helping you to diversify your business across the energy sectors. Please contact us if you are interested in participating in this event as a sponsor, speaker or delegate. For conference information, please visit www.the-eic.com/Events/EICConnect/EnergyUSA Houston is the energy capital of the world and in 2020 we are continuing to offer virtual office EICLaunchPad services which will give your company a regional address and dedicated phone line service to grow your customer base in the US. To find our more, you can reach us at houston@the-eic.com Amanda Duhon, Regional Director, North & Central America amanda.duhon@the-eic.com Get in touch Share your news and views...
Email newsdesk@the-eic.com • Phone +44 (0)20 7091 8600
Forthcoming event EIC Connect Energy USA CONNECT Tuesday 29 September 2020 Energy USA Norris Conference Centers, Houston The EIC is delighted to announce that EIC Connect USA will be coming back to Houston for its fourth consecutive year. We will be expanding this year’s conference programme to deliver even more opportunities for the UK supply chain with major global energy contractors and operators. Bookings will open soon. Please visit www.the-eic.com/Events/EICConnect/EnergyUSA
Regional news
Shell exits Lake Charles LNG project
Due to current market conditions, Shell will no longer proceed with an equity interest in the proposed US$12.3bn Lake Charles LNG export project in Louisiana. Shell’s partner in the project, Energy Transfer, will acquire Shell’s 50% stake and take over as the project’s sole developer. Shell will continue to support Energy Transfer with the current EPC bidding process then execute a phased handover of the project’s remaining activities. Final bids for the project’s EPC contract are due in Q2 2020.
Trump’s US$2tn stimulus package omits renewables
On 30 March President Trump signed into law a US$2tn coronavirus stimulus package amid the current economic crisis. Despite a push from Democrats and clean energy leaders, however, the bill excluded solar and wind projects from receiving any direct pay provisions or tax credit extensions. Industry leaders remain positive the bill could still provide much needed short-term support for individuals and businesses via healthcare and unemployment aid, as well as small business loans.
Forthcoming events
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