EIC Monthly News March 2015

EIC Monthly News March 2015

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The EIC Chief Executive

The Chief Executive Welcome to the March edition of the EIC Monthly News, and with the UK general election impending, energy policy is once again in the political spotlight.

It is now a little over a year since the Energy Act received royal assent, a key element of which was Contracts for Difference (CfD) – long-term contracts that aim to provide stable and predictable incentives for companies to invest in lowcarbon generation. The UK Department of Energy & Climate Change (DECC) recently released the results of the first round of CfD allocation, reflecting positive results for the renewables supply chain.

Through this round of CfDs, a total of 2.1GW of capacity was procured at a cost of £315 million. These constituted two offshore wind farms – East Anglia Phase 1, and Neart na Gaoithe with a total of 1,162MW capacity – 15 onshore wind farms, five solar projects, two energy from waste facilities and three Advanced Conversion Technology (ACT) projects. Companies which have been successful in the auction have until 27 March to take up the support mechanism and sign the CfD, and EIC members can follow how these projects progress on EICDataStream.

The UK was the first country to develop and operate a commercial nuclear power station, and the nuclear industry now has 60 years of experience of the entire lifecycle to offer, from design to decommissioning. The recent EIC Nuclear Sector Showcase showcased that talent and how it can be used in future nuclear projects at home and overseas, and the skills other sectors can offer.

In the oil and gas sector, it’s understandable that the industry has become inured to constant doom-mongering regarding the oil price and its effects on project investment. So the recent ‘Call to Action’ published by The Oil and Gas Authority Commission 2015 was most welcome.

Its suggested actions are to: protect critical infrastructure; significantly improve production efficiency; create a competitive cost base; revitalise exploration; improve collaboration on decommissioning; drive investment; support the supply chain; and develop people and retain skills. The recommendation of revitalising exploration is one that certainly rings true for EIC members; in a spirit of having to speculate to accumulate, without new wells being drilled, no new discoveries will be made and eventual recovery will be slowed down.

While CAPEX investment and new developments are at a low, there are still opportunities for EIC members throughout the supply chain, and demonstrable North Sea success on the UKCS means prospects for UK companies are opening internationally. Although new development has been declining, there is increasing activity in decommissioning projects – the average expected spend on decommissioning is expected to increase by £300 million over the second half of the decade, coupled with an expected rise in life of field awards which demonstrates that investment is still being made in longevity.

The recent EIC Wood Group PSN business presentation in Aberdeen emphasised that the oil and gas industry needs to focus on collaboration and innovation at this challenging time. The company’s main aim is to build longterm relationships with the supply chain, engaging with suppliers early to reduce costs, manage demand and improve efficiency.

There has never been a better time to ensure that as a member of the EIC you are maximising the wide range of services and global project information which connect you to global opportunities across the energy sector. If you need assistance with using any of these tools effectively to support your business, please don’t hesitate to contact us at membersupport@the-eic.com or call us on +44 (0)20 7091 8600 Claire Miller, Chief Executive www.the-eic.com

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Contents The Chief Executive

2

Sector Analysis

3

EIC Monitor

4

New Members

7

Member News

8

Events Diary

12

Overseas Events

14

Training Services

15

National Events

17

UK News

18

Middle East News

20

Asia Pacific News

21

North America News

22

South America News

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March 2015

EIC Sector Analysis

Sector Analysis Oil price and the impact we have seen on projects You currently can’t pick up a broadsheet, let alone an industry magazine, without reading about the impact that the low oil price is having on the oil and gas industry. I will attempt to summarise what the impacts on projects have been thus far in the upstream, midstream and downstream sectors.

Since the turn of the year almost every operator of upstream assets has made announcements that CAPEX for the coming year will be cut. It is expected that fewer exploration wells will be drilled during the next 12 months, while new field developments at the FEED stage are more likely to move back to the conceptual design stage, than proceed to the EPC phase as operators seek more commercially viable development scenarios. Already we have seen announcements made by operators in Africa, Asia Pacific and the North Sea that Final Investment Decisions are being delayed, all citing the current oil price as the reason.

While work on new field developments is likely to slow down, which will have an impact on contracting in the near future, it is expected that work on brownfield and EOR developments will continue as operators look for the cheaper options to extract hydrocarbons. Deep water developments will likely see the biggest delays due to these developments being capital intensive. With shelf developments, especially those located near existing infrastructure, it is expected some (not all) will proceed.

Expectation is that we could see a rise in subsea tieback developments, although the increasing cost in subsea tree’s will need to be halted for this to occur. The news coming from the operators is a consistent one, investment will continue, however contractors (tier ones) need to cut costs. These cuts will be passed on further down the supply chain and industry needs to identify how best to reduce these costs.

Buzz words being used by operators and tier ones alike include innovation, standardisation and collaboration.

These words have been overly used in the past and now it is important that industry takes action.

Industry does need to understand that contracting costs were spiralling out of control prior to the fall in the oil price, and projects were already being delayed. To date no operator has walked away from an upstream development although many have delayed field developments.

The low oil price has had a limited impact on midstream projects to date. The expected increase in demand of LNG continues to see new large scale LNG liquefaction developments move forward, albeit with delays.

These delays however are largely due to delays in government approval and securing of buyers rather than as consequence of a low oil price. One project to date has been put on hold due to the low oil price, Lavaca www.the-eic.com

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Bay FLNG Plant, however other developments in North America proceed. With demand for LNG set to continue to increase there is a requirement for these new plants to be built to supply the market into the 20’s and beyond, which in turn will lead to continuing opportunities for the supply chain.

Elsewhere in the sector proposals for the construction of gas processing plants and NGL plants, in the USA, have been put on hold due to the lower commodity prices for natural gas and NGL’s. Prices for gas have dropped substantially as production of shale gas in the country has increased. Drilling for shale in North America is due to slowdown this year due to the lower prices which make the developments less commercially viable, and this in turn could see commodity prices rise again as supply could potentially reduce.

Low oil and gas prices should mean that financial returns for companies operating in the downstream sector are higher due to the lower feedstock prices. The Middle East and Asia Pacific are committed to developing the massive refining and petrochemical complexes that have reached a final investment decision, and we see developments on US ethylene plants continuing.

Despite the reduced feedstock prices we have seen projects in this sector dropped recently, the most significant of which have been by Shell in Qatar. On announcing the cancellation of the project Shell stated that the high capital cost of commercial quotes received from EPC bidders made the project commercially unfeasible against the current economic climate Other developments are also being reviewed in the Middle East, including the Fujairah and Al-Zour refineries. Financing plans for the Fujairah development are being delayed due to the concerns in the oil price, and the projects viability and structure is currently being re-examined by the operator Takreer. KNPC, operator of the Al-Zour refinery, is considering re-tendering some of the EPC packages due to the high prices submitted by contractors. The concern for the supply chain is that the combination of low oil price and high contracting costs could lead to further developments in the Middle East and elsewhere being cancelled in the near future.

While it is clear that we have seen a slowdown in developments and that we have some challenging times ahead of us opportunities still exist for the supply chain. The EIC is here to help its members identify these opportunities. Utilise the EIC’s Insight Reports to look at the contracting trends and use EICDataStream to identify the projects and developments that are still proceeding.

Neil Golding Head of Oil & Gas Tel +44 (0)20 7091 8613 Email neil.golding@the-eic.com 3

March 2015

EIC Monitor

EIC Monitor

Contracting levels in power industry continue to dip The latest EIC Monitor report shows declining levels of contracting activity across power generation sectors (coal, gas, thermal, nuclear, biomass, energy from waste and transmission and distribution) and renewables (wind turbine supply contracts) in Q4 2014. The overall figures for the quarter show the number of major contract awards made since the last quarter declining by just over 25%. However, in the UK the results of the Capacity Auction were announced at the end of 2014, which could be a source of optimism for the UK power industry throughout 2015 and beyond. At the same time, the US and India remain highly active in the global power industry and there was also an upturn in UK wind turbines.

The number of major contract awards in the power industry has continued to slow during the last quarter (Q4: Oct-Dec 2014), with the number of major contracts (EPC, OEM Supply and PMC) awarded globally across thermal, nuclear and biomass developments decreasing 28% since Q3 2014. However, there was an upturn in wind turbine supply contract awards in the UK, rising 40% (2 contracts) on Q3 2014.

Senvion is a subsidiary of the Suzlon Group, which was awarded the remaining contract in England in Q4 2014, securing a contract for eight turbines for Energiekontor’s 20MW Gayton le Marsh onshore wind farm, located 5km from Mablethorpe in Lincolnshire.

The contract is supplemented by a 15-year operations and maintenance contract.

Offshore, DONG Energy’s planned Burbo Bank Round 2.5 Extension in Liverpool Bay has moved forward after receiving planning approval from the UK Government in October 2014. In Q4 2014, DONG Energy awarded MHI Vestas a major contract to supply, install and commission 32 V164-8.0MW turbines for the 258MW extension, as well as a five year full-scope service contract. The contract represents the first commercial order for the nextgeneration Vestas 8MW turbine, the 80-metre blades for which will be manufactured at MHI Vestas’ facility on the Isle of Wight. Serial production of the blades is scheduled to begin in Q2 2015.

UK Wind Turbine Contracts in Q4 2014 In Q4 2014, a total of seven wind turbine supply contracts were awarded for six onshore and one offshore wind developments, rising 40% from five awards in Q3 2014, and decreasing 30% from 10 contracts in Q4 2013. Of these, three contracts were awarded in Scotland, three in England and one offshore.

German turbine manufacturer Senvion has been particularly successful in Q4 2014, securing a total of four wind turbine supply contracts in Q4 2014; three in Scotland and one in England. Developer RES placed an order for 14 Senvion MM82 turbines for the 28.7MW Penmanshiel wind farm, located near Grantshouse, north of Berwick, along with a 20-year service contract.

Infinis placed an order for 21 turbines for its 43MW A’Chruach wind farm in Mid Argyll, western Scotland; and Wind Prospect Group ordered six turbines for its 12MW Rhodders wind farm in the Ochil Hills, Clackmannanshire.

Global Thermal, Nuclear and Biomass Major Contract Awards in Q4 2014 In Q4 2014, a total of 59 major contracts were awarded across 48 thermal, nuclear and biomass developments, decreasing 25% from 79 awards in Q3 2014, and 12% from 67 contract awards in Q4 2013. A total of 35 EPC contracts, 23 OEM Supply contracts and one PMC contract were awarded.

In England, developer John Laing signed its third order with Senvion for seven 2MW MM82 turbines to be installed at its New Albion onshore wind farm, located near Kettering in Northamptonshire. Senvion has also been contracted to provide a 15-year service contract for the wind farm, which is scheduled to be fully operational

by January 2016. www.the-eic.com

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March 2015

EIC Monitor for used fuel at Southern California Edison’s San Onofre Nuclear Generating Station (SONGS), located in San Diego County, California.

In Q4 2014, there was also a significant level of EPC activity in Europe and Asia Pacific, with six EPC contracts awarded apiece across several countries in each region.

In Western Europe, two of a total of three EPC contracts for biomass plants were awarded, one to a consortium of Babcock & Wilcox Vølund and Interserve for work at Viridor Waste Management’s Oxwellmains Energy from Waste plant in East Lothian, Scotland. The other contract was awarded to Abengoa to build Belgian Eco Energy (BEE)’s 215MW Ghent Biomass Power Plant in northern Belgium, which is set to be the largest biomass plant in the world on completion.

Global Power EPC Activity North America has dominated EPC contracting activity on global power projects, accounting for 11 EPC contracts – nine in the US and two in Canada. In the US, the majority of EPC contract awards have been for work on gasfired power plants as the country’s shale gas production continues to drive a shift to gas-fired generation.

Also in Western Europe, Statnett has awarded Consorzio Italia 2000 a contract to build the 420kV Orskog-Sogndal Transmission Line in central Norway.

In Eastern Europe, three EPC contracts have been awarded in the last quarter: Turkish utility TEIAS has appointed Prysmian Group to build the 2GW Lapseki-Sutluce Submarine Power Cable, which will connect the Anatolian side and Thrace side of Turkey; EPCG has awarded a consortium of Energoinvest and Energomontaza a contract to construct a 400kV transmission line section at the Pljevlja 2 lignite-fired plant in northern Montenegro; and Paks Nuclear Power Plant Company has awarded Russian giant Rosatom a contract to build two new units at its Paks nuclear power plant as part of a modernisation and expansion programme for the plant, which is located in central Hungary.

On the East Coast of the US, Footprint Power has appointed Iberdrola E&C to carry out EPC work for the 674MW Salem Harbor CCGT in Salem, Massachusetts, which has been designed to provide back-up for intermittent renewable power. Further south, Bechtel Corporation and Siemens have been awarded a contract to build Panda Energy’s 750MW Stonewall CCGT plant in Leesburg, Virginia.

Also in the Appalachian shale corridor, Calpine has awarded CB&I an EPC contract to carry out the initial development phase of its York 2 Energy Center – a 760MW CCGT – in Peach Bottom Township, Pennsylvania, while in the city of Oregon, Ohio, North America Project Development (NAPD) has awarded Black & Veatch an EPC contract for its Oregon Clean Energy Center, an 869MW CCGT plant.

As a major global nuclear player, Rosatom continues to secure contracts on nuclear programmes overseas.

In Vietnam, Rosatom subsidiary Atomenergoproekt has been awarded an EPC contract by Electricity of Vietnam to supply two AES-2006 reactors for the Ninh Thuan Nuclear Power Plant No 1 in the Thuan Nam District, south-eastern Vietnam.

Down on the Gulf Coast, NRG Energy has awarded BTEC Turbines EPC work that includes the dismantling and shipment of turbines from Mississippi for the developer’s natural gas-fired peaking plant at a site near Bacliff, Texas.

Elsewhere in the Asia Pacific region, Indonesia and Malaysia continue to rely on coal-fired plant for their power needs. In Indonesia, Hyundai Engineering Company has been awarded a contract for EPC work on the 200MW PLTU Kalsel-1 Coal Fired Power Plant in South Kalimantan, while in Malaysia, Shanghai Electric Group and Sarawak Cable Berhad have been awarded an EPC contract each at the 600MW Mukah Balingian Coal Fired Power Plant in Sarawak.

In Canada, both contract awards were for work on BC Hydro’s Interior-Lower Mainland Transmission Line in British Columbia, which will transmit energy from the Columbia and Peace regions to the Lower Mainland and Vancouver Island areas. A consortium of Flatiron Construction and Graham Construction has been awarded the main body of EPC work for the anticipated 247km-long, 500kV line, while ABB has been appointed to construct the new Ruby Creek capacitor station.

In Thailand, Hitachi has been contracted to carry out the EPC work for the Chaiya Phum substations, which includes the supply of 500kV of gas-insulated switchgear. Across the Bay of Bengal in Sri Lanka, Alstom T&D India has been appointed by the Ceylon Electricity Board to supply its energy management system, e-terraplatform, to monitor and control Sri Lanka’s electricity transmission network.

The US was also home to the sole nuclear decommissioning contract in Q4 2014, which was awarded to Holtec International to construct an underground storage facility www.the-eic.com

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March 2015

EIC Monitor

Global Power OEM Supply Activity

In Q4 2014, a significant level of activity also took place in the MENA region and India. In Egypt and Iraq, two gas-fired plant projects have progressed: Siemens has been awarded a contract to supply the main electrical package at EDEPCO’s Suez Power Plant, located on the northern shoreline of the Suez Gulf, and GE Energy has been appointed to supply four 9E gas turbines and one steam turbine at Qaiwan Group’s Bazyan Power Plant in Kurdistan.

The US has dominated activity for Original Equipment Manufacturer (OEM) supply contracting activity on global power projects, accounting for 11 OEM supply contracts.

As with EPC activity in Q4 2014 in the US, the majority of contract awards (seven) have been for gas-fired power plant developments, many of which were also the source of EPC activity in this quarter.

In Morocco, GDF Suez has awarded two OEM Supply contracts for its Safi Coal Fired IPP in the south of the country: one to Mitsubishi Hitachi Power Systems to supply two steam turbines and generators, and the other to IHI Corporation to provide two boilers for the plant.

At the proposed York 2 Energy Center and Bacliff CCGT plants, GE Energy has been contracted to supply two 7F.05 gas turbines and six 7E combustion turbines respectively. At Calpine’s York 2 plant, GE Energy has also been contracted to supply a Dry Low NOx 2.6+ dualfuel combustion system. GE Energy was particularly successful in the US in Q4 2014, securing a further order for five 102MW LMS100PA gas turbine generators for the planned modernisation project at Arizona Public Service Company’s Ocotillo Power Station in Tempe.

Coal-fired plant also remains popular in India, where Bharat Heavy Electricals was awarded a contract to supply and install the electrostatic precipitator for National Thermal Power Corporation’s major 1.6GW Darlipalli power project in Orissa.

Turbine manufacturer Siemens also enjoyed success in the US in the last quarter, securing an order for two 225MW SGT6-5000F5 combustion turbine generators and one 300MW SST6-5000 steam turbine generator for the Stonewall CCGT in Virginia. Siemens also won a contract to supply an SGT6-800H combustion turbine generator and an SST6-5000 steam turbine for NAPD’s Oregon Clean Energy Center in Ohio. On the same project, Dutch manufacturer NEM has been awarded a contract to supply two heat recovery steam generators.

Alstom fared well in India in the last quarter, securing two contracts from the Power Grid Corporation of India to supply electrical equipment for the 800kV UHVDC Champa-Khurukshetra Transmission Line (Phase 2) in the north of the country, and the Southern Region Strengthening Scheme Transmission Project, which is part of the World Bank-supported Fifth Power System Development Project for India.

The nuclear sector in India has also experienced some activity in Q4 2014, with a contract awarded to Atomstroyexport to manufacture and supply the main equipment for Units 3 and 4 of the Kudankulam Nuclear Power Plant expansion in Chennai.

In the Midwest, Finnish power plant equipment manufacturer Wärtsilä secured a contract to supply three 34SG engines for Midwest Energy’s expansion of the Goodman Energy Centre in Hays, which will increase the generating capacity of the facility from 75MW to 104MW. Wärtsilä has also won an OEM Supply contract to provide six 34DF engines for Hawaiian Electric Company’s Schofield Barracks Power Plant project in Oahu, Hawaii, which will be powered by biofuels.

Also in the global nuclear sector, MTU Friedrichshafen has been awarded a contract to supply ten emergency diesel generators for Rosatom’s Ostrovets Nuclear Power Plant in the Grodno region of Belarus.

There were a further three OEM supply contracts awarded in the US; one for a CCS demonstration plant in Texas, and two for transmission projects in California and Wisconsin.

In Texas, Toshiba will supply a new supercritical CO2 turbine for the plant, which is a collaboration between Exelon, 8 Rivers, CB&I and Toshiba. The plant will use innovative Allam Cycle technology in a gas-fired plant, which includes full CO2 capture in order to produce carbon dioxide as a pipeline-quality byproduct with no air emissions.

Global Power PMC Activity

In San Francisco, California, Sumitomo Corporation has been awarded a contract to provide the cable and construct Pacific Gas & Electric’s Embarcadero-Potrero 230kV transmission line within the city, while in the far north of the country, MJ Electric has been contracted by American Transmission Company to supply electrical equipment for the Bay Lake Transmission Project, which aims to boost power flows in Michigan’s Upper Peninsula.

EICDataStream

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There was one PMC contract awarded on global power projects in Q4 2014, for the Interior-Lower Mainland Transmission Line in British Columbia. In addition to the two EPC contracts awarded on the project in the last quarter, BC Hydro appointed Hatch to provide construction programme management services.

Data is sourced from the EICDataStream online project database, which tracks nearly 10,000 projects proposed or under development in the global energy industry.

EIC Monitor is published on a quarterly basis.

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March 2015

New Members

New EIC Members

Engineering, established in 1964, is an international engineering services contractor with offices in the UK and Ireland and Belgium. The company employs over 600 experienced personnel and has revenues of €120m per annum. It specialises in the installation and commissioning of mechanical, electrical and control systems for new build and expansion projects in data centre, industrial and manufacturing, life science, power station, oil and gas, and petrochemical market segments.

New Primary Member

Advanced Industrial Solutions Ltd

Units 3 & 4 Jupiter Court, Orion Business Park Tyne Tunnel Trading Estate North Shields NE29 7SE Tel +44 (0)844 800 1810 Email gavin.taylor@aisgroup.co.uk Web www.aisgroup.co.uk The Nominated Representative is Mr Gavin Taylor, Group Commercial Manager. AIS is a world class supplier of insulation systems and skills and competency training to the global energy sector including oil, gas and renewables. From state-of-the-art facilities in North East England, AIS Technical has developed and manufactures an award winning range of insulation systems including PFP (Passive Fire Protection), thermal, acoustic and high temperature jackets. All of which prevent CUI (Corrosion Under Insulation). AIS Training is a world-class provider of skills and competency training from its 150,000 sq ft training village, renewable energy campus and sea survival centre. With 90 courses accredited by leading bodies such as OPITO, IRATA, GWO and Renewable UK.

New Global Member

Principia UK

3 Westgate, Ruskington Sleaford NG34 9ES Tel +44 (0)1526 832 072 Email jeremy.cowell@principia-uk.com Web www.principia.fr The Nominated Representative is Mr Jeremy Cowell, Director – Europe, Middle East & Africa. Principia UK is the latest subsidiary of the Principia Group of France.

It is a specialist offshore engineering company working with deep expertise in four industry verticals; oil and gas, offshore renewable energy, naval/marine and nuclear risk management. It offers services in many horizontals across these industries from engineering concept, structural analysis, engineering design (FEED and DD), CFD, training and monitoring for marine vessels and platforms of all kinds, plus subsea equipment and pipes.

It also produces a variety of niche software packages for offshore and subsea environmental engineering. The company has existed for over 30 years and currently has 165 engineers in many areas of expertise all trained above Masters level. With offices in La Ciotat in the South of France, Nantes in Northern France, Svenborg in Denmark, the UK, Singapore, Brazil, Nigeria and Abu Dhabi (to be opened in 2015), Principia is in the process of becoming a truly global entity.

New Global Member

Hale Hamilton Valves Ltd

Cowley Road, Uxbridge UB8 2NF Tel +44 (0)1895 457 541 Email mark.harris@circor.com Web www.halehamilton.com The Nominated Representative is Mr Mark Harris, Sales Manager. Hale Hamilton has, since 1947, been a market leader in the design, development, manufacturing, supply and support of high integrity, high pressure flow control products and complete solutions. The company serves a number of major markets including; oil and gas, power generation, industrial gas, alternative fuels and aerospace and defence. To the oil and gas market, Hale Hamilton Valves offers a broad range of high pressure gas control products and solutions for a range of safety critical applications including; emergency breathing air, hyperbaric saturation diving and H2S rescue havens. In addition it provides a range of specialist high pressure hydraulic pressure control regulators for use on wellhead control systems and associated applications.

Hale Hamilton Valves is an ISO 9001:2000 accredited company, with full in-house manufacturing and high pressure gas and hydraulic test facilities.

New Global Member

Trinity Integrated Systems

Kingston House, Towers Business Park Wilmslow Road, Manchester M20 2LD Tel +44 (0)161 976 1508 Email richard.bee@trinitysystems.com Web www.trinitysystems.com The Nominated Representative is Mr Richard Bee, Marketing Director. Trinity Integrated Systems helps companies in the oil, gas and petrochemical sectors keep their people, their organisations, and their reputations safe. The company does this by putting its extensive experience, deep technical expertise and suite of advanced software tools and solutions to work for you. So you have an effective, coherent and proven approach to designing, modelling, and testing new and existing safety instrumented systems. All in a way that simplifies complexity, reduces risk, cuts costs, streamlines processes, and makes life a whole lot easier.

So your organisation runs more efficiently. Your project milestones are met. Your documentation is up to date.

You’re IEC 61511 compliant. Your reputation is protected.

And, above all, your operations are safer.

New Primary Member

Kirby Group Engineering

Raheen Business Park Raheen, Limerick Tel +353 61 22 6060 Email mhennessy@kirbygroup.com Web www.kirbygroup.com The Nominated Representative is Mr Michael Hennessy, Associate Director – Sales & Marketing. Kirby Group www.the-eic.com

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March 2015

EIC Member News

Member News

UK manufacturer of low voltage assemblies and systems integrator, Boulting Technology, has traversed new ground with its 100kA low voltage (LV) switchboard.

The product is the largest specification Boulting has developed to date and is specially designed for building services and industrial facilities with applications requiring high fault levels.

Boulting Technology designed and built the switchboard in the UK before it was shipped to Italy where it was ASTA certified. This ensures that the assembly is BS EN 61439 compliant, a mandatory requirement from 1 November 2014. Boulting Technology worked closely with ABB in a joint partnership to develop the new switchboard design.

As well as offering customers peace of mind that their switchgear is up to date with industry regulations, Boulting Technology’s 100kA model offers greater reliability and efficiency by utilising natural ventilation and achieving maximum current rating up to and including 6,300A. This design feature was fully tested at an ABB laboratory to ensure that temperatures within the assembly remained at acceptable levels. An additional benefit is that utilising the latest ABB CB range reduces the footprint of the switchgear by 10-20%. This means that despite its large fault level, the assembly can be installed without compromising on space.

The switchboard meets the requirement for higher fault ratings typically found in both building services and industrial applications. Busbar ratings for the 100kA unit are 100kA for one second, with current ratings up to 6,300A.

Gordon Mullis, Managing Director, Boulting Technology, said: “Boulting’s 100kA LV switchboard utilises the latest air circuit breakers from ABB – the innovative SACE Emax 2 range. When combined with our innovative turnkey solutions, we’re able to deliver designs optimised for maximum cost efficiency without compromising quality or performance.”

The Boulting Power Centre (BPC) range is available in 100kA, 80kA, 50kA and 25kA specifications, all of which employ the same compliance and features. For more information please visit: www.boulting.co.uk

AEG Power Solutions, a global provider of power electronic systems and solutions for industrial power supplies and renewable energy applications, has been selected by the Institute Laue-Langevin (ILL), the world’s largest neutron research facility, to provide its power supply system.

Following the Fukushima nuclear accident in 2011, a decision was taken to improve the safety of the ILL site, including new construction work with improved backup protection to the electrical supply. ILL chose AEG PS to provide the power supply systems required for this change for several reasons: the quality and reliability of AEG PS’ products, and its expertise in nuclear applications (the products used in the project are designed to meet the stringent requirements of the nuclear industry, including resistance to seismic events and high temperature and have multiple certifications accordingly). AEG PS was also selected thanks to its ability to meet the short delivery timescales of only 10 weeks required for the project.

The power supply system includes two of AEG PS’ Profitec chargers, rated at 300A, and two of the company’s 20kVA Transokraft inverters. The products met all necessary approvals from the French Nuclear Safety Authority.

AEG Power Solutions has an extensive portfolio of products for the power generation industry, including the specific requirements of nuclear applications. Devices in the range include Transokraft inverters, Profitec S and SN1 battery chargers, and switch mode power supply modules. With a consistent range of products from one supplier, customers benefit from a single certified source, all complying with the same standards. All systems can be fully customised.

The rugged and reliable technology of this range delivers systems that can be supported for a minimum of 20 years. Consistent design makes operation simple, and minimises spare part requirements. Visit: www.aegps.com

AEG Power Solutions

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March 2015

EIC Member News

First Subsea

GMI has announced the opening of its Shanghai service centre. The service centre is fully equipped to carry out service, calibration, maintenance and repair of the GMI portable range of gas detectors. Scheduled maintenance and calibration of your portable gas detector ensures continued functionality and increased detector life, giving maximum protection in the field.

By using the Shanghai service centre, you can ensure complete peace of mind and compliance when it comes to the reliability of your equipment and the safety of your personnel working in potentially hazardous environments.

GMI can provide quick turnaround of equipment, trained industry specialists, dedicated customer service, 100% spare parts availability and competitive pricing.

As well as the service centre in Shanghai, GMI also has regional centres in the UK, Norway, Saudi Arabia, Mexico and the USA, supporting both end-customers and GMI’s network of approved distributors.

Founded in 1947, GMI is a world leader in the design and manufacture of high quality and innovative portable and fixed gas detection equipment, specifically designed for the oil and gas, chemical and shipping industries world-wide. GMI continues to invest heavily in research and development, a high percentage of which is spent on the development of state of the art instruments and new sensing technologies.

If you would like to increase your gas safety, please call +86 133 5602 3866 for a free consultation or alternatively contact: yal@detcon.com

In a bid to cut the time and cost of offshore wind farm deployment, subsea connector specialist First Subsea is launching a new monopile interface connector for offshore wind monopiles, and top tension connector for floating wind turbines.

The most labour intensive and time-consuming element of cable installation into an offshore wind monopile is its connection and termination. First Subsea has streamlined the process with its combination of monopile interface connector (MIC) and hang off cable connector (HOC).

The MIC secures the cable’s monopile connection while the HOC holds the pre-terminated cable in position on the hang-off deck ready for connection.

First Subsea has also developed of an innovative top tension connector for the deployment of wind farms further offshore at water depths in excess of 80 metres, where monopiles are considered impractical.

The top tension connector will allow the installation contractor to moor and tension a floating turbine’s mooring lines without the need for specialist tensioning equipment, and surface vessels requiring significant capex, that currently restricts the commercialisation of floating offshore wind farms. It uses a simple push and grip technology to connect mooring lines to a range of floating wind turbine platforms including tension leg platform, spar and semi-submersible.

John Shaw, Managing Director, First Subsea, said: “These are exciting times in offshore wind as deployment costs come under ever closer scrutiny. First Subsea connector technology gives installation companies the ability to significantly reduce cable installation and mooring costs while improving the quality of these subsea connections.”

Contact First Subsea: Tel +44 (0)1524 387 777 Email renewables@firstsubsea.com www.firstsubsea.com www.the-eic.com

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IK-Group AS has acquired Online Electronics Ltd (OEL), the global pipeline communications specialist. OEL, headquartered in Aberdeen, is the parent company of Online Pipeline Solutions Inc (OPS), Houston and additional business units in Dubai, Singapore and Perth. The acquisition further strengthens and widens IK’s position within the pipeline sector of the international oil and gas industry.

This now takes the number of employees in the IK Group closer to 200. The investment in OEL is expected to create additional jobs in the next 12 months through increased market share driven by research, development and special engineering projects.

The combination of OEL’s cutting edge products for pipeline pig monitoring, pipeline data communication and logging systems with IK’s top of the line PIG manufacturing and niche pipeline engineering services will provide shared clients with a strong, innovative service partner to help them with the challenges now seen in the oil and gas market. This combination is expected to enhance IK’s special project capability and overall significantly increase IK’s market share.

IK-Group will keep the well-established OEL brand and global structure as this has proven to be highly successful. The companies are an excellent fit and fully complement each other in terms of sector, technology and geography.

9

March 2015

EIC Member News Rittal is the world’s first manufacturer to offer an approved busbar system with standard components, optimised for both AC and DC applications. No other products are required.

DC busbar systems are increasingly deployed in converter buses, DC power backup systems, photovoltaics, galvanics, energy storage systems and in shipbuilding. The system has a current carrying capacity of up to 1,600A, a nominal voltage of up to 1,500V DC and a short-circuit rating of up to 40kA. Rittal’s RiLine is approved to IEC 61439 and UL 845 in conjunction with UL 508, making it suitable for a wide range of industries.

Depending on requirements, busbar systems can be made of copper, aluminium or cuponal, a copper-clad aluminium busbar from Rittal. RiLine’s assembly parts, such as connection adapters up to 800A, OM component adaptors with tension spring clamps and CB Series compact circuit breaker adaptors up to 250A, are suitable for DC applications. The following fuse components can be deployed: size 00-3 NH bus-mounting fuse bases up to 630A and size 00 NH slimline fuse-switch disconnectors up to 160A, with corresponding DC fuses. For more information please visit: www.rittal.com

IK has a well-established model where each company within the Group operates as a separate entity yet leverages the strengths and knowledge to provide top services to each other and the industry.

The main shareholder and current CEO of OEL, Brian Gribble, will remain in the company as an advisor and director on the Board. Customers will continue to receive the same high quality and services they have come to expect. For further information please see: www.ik-worldwide.com and www.online-electronics.com

Promat BD Ltd has announced that its Environmental Management System has achieved ISO 14001:2004 approval. Accredited by LRQA (Certificate No LRQ 4008358), the scope of the approval covers the manufacture of forged and butt weld pipe fittings and flanges, stockholding of pipe and ancillary products at its Walsall site.

For Promat BD, achieving ISO 14001:2008 accreditation follows on from a multi-million pound investment by its parent company Marla Tube Fittings which has seen the Walsall facility double in size, allowing for the installation of new CNC machining centres, a new Co-ordinate Measuring Machine (CMM) and an expanded range of finished, part-machined and forging stock.

With a wealth of experience in stocking and machining carbon, stainless, duplex and special nickel/titanium alloys, Promat BD designs and manufactures the complete range of Promat Weldoflanges, Nipoflanges/ Reinforced Nipoflanges, Elbowflanges and Latroflanges in accordance with Promat BD’s Lloyds Type Approval, along with a complete range of ANSI, API and EN flanges.

For enquiries contact: richard.wanglin@promatbd.co.uk Visit: www.promatbd.co.uk

Cable and pipe seal specialist Roxtec has designed and tested tailor-made fire collars for a manufacturer of natural light systems which maximises daylight into buildings.

Roxtec worked in partnership with Solatube Daylighting Systems to customise and test large-sized fire collars for light conduits – special aluminium tubes which convey light into buildings. Fire collars are fitted around the lighting tubes as they pass through interior fire walls and locations with a risk of fire – including homes, offices and factories, schools, hospitals or even police cells.

Gavin Cornall, Construction & Power Manager of Roxtec’s UK arm based in Greater Manchester, said Roxtec was chosen because it could provide large-sized fire collar seals along with the required testing: “The light conduits are good examples of green technology, providing environmentally-friendly lighting in a variety of buildings. They help customers reduce their energy consumption, costs and carbon footprint while people inside the buildings get the benefits of natural daylight.

“In this project, our products needed to be customised for Solatube and we worked in partnership with them to create the solution. This is an example of a specialist firestop product which brings increased safety to the construction sector. This was a unique application and special fire testing was required.

“The benefits of working with Roxtec include the use of our dedicated fire testing facility, our expertise and track-record across different sectors, and our bespoke engineering solutions. We are the market-leader in our work.”

As part of the design process, Roxtec worked with Solatube Daylighting System’s UK office in Olney, near Milton Keynes, and Mr Cornall visited Solatube’s US headquarters earlier this year. For more information please visit: www.roxtec.com

Efficient drive systems, idle power loss reductions and the renewable energy sector all require safe, reliable DC solutions and while they cannot replace AC applications across the board, they are growing in importance.

Rittal

www.the-eic.com

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10

March 2015

EIC Member News

Subsea tiebacks are an increasingly important component of oil and gas production which facilitate linking new wells to existing production platforms. Specification, development and installation of the tiebacks have to be carefully considered in light of these more remote and deeper wells which pose higher pressures and corrosion threats to the tiebacks themselves. Environmental conditions of the wellhead and the presence of corrosive elements such as hydrogen sulphide, chlorides and carbon dioxide are important to consider in achieving resistance to localised corrosion particularly pitting, crevice corrosion and stress corrosion cracking during the material selection process.

Leandro Finzetto, Sandvik, said: “We know the increasing demands that these deeper subsea oil and gas production requirements are placing on vital subsea tiebacks so it is important to extend the life of the production infrastructure.”

Sandvik seamless tubular materials for subsea tiebacks are installed in some of the most remote locations throughout the world, in challenging and demanding applications, turning what was once regarded as uneconomical deposits into cost-effective reality.

Sandvik Materials Technology has invested significantly in setting up its global oil and gas team to work closer with its customers worldwide. Sandvik Houston is strategically present to support and meet customers’ challenges.

Leandro Finzetto continued: “Our new duplex materials will enable even longer seamless continuous subsea tiebacks as we continue to develop new, stronger, better corrosion resistance, enabling lighter materials in order to optimise the performance over many years.”

For further information visit: www.smt.sandvik.com Siemens Industrial Turbomachinery

Siemens Industrial Turbomachinery has won a contract worth more than US$46 million to deliver industrial gas turbines to Colombia’s main oil pipeline operator, Oleoducto Central SA (OCENSA).

Under the deal, six SGT400 gas turbine packages and nine gas turbine core engines will be supplied by the company’s UK facility in Lincoln and three SGT300 gas turbine packages by a Siemens facility in the US. According to Siemens, the company won the competitive tender process as it can supply a mixture of pre-assembled and new build turbines, combined with technical fit and low cost of ownership.

The turbines are intended to enable OCENSA, which is responsible for 70% of all crude oil transported in Colombia, to increase capacity to 140,000 bbl/d of oil and plan for future capacity increase requirements.

Neil Corner, Managing Director of Siemens Industrial Turbomachinery, said: “This order reinforces Siemens’ place as a key partner and major player within the oil and gas industry in South America. We are delighted to have secured this work here in Lincoln and it proves once again that by continuing to invest in our people, facilities and innovation, we have a world-class business that is able to compete and win in the global market place.”

The Siemens global industrial gas turbine range includes eight models with capacities from 5 to 50MW. Whatever the application, the requirements remain the same: reliable gas turbines giving low life-cycle costs and the best possible return on investment in an environmentally friendly way. The Siemens Industrial Turbomachinery gas turbine family focuses on the 5-15MW range. For more information please visit: www.siemens.co.uk

www.the-eic.com

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11

March 2015

Events Diary

UK, Overseas & Training March 2015 17 Business Presentation: Opportunities with Amec Foster Wheeler Hilton Treetops Hotel, Aberdeen 17 Technical Workshop: Introduction to Petroleum & Drilling EIC Aberdeen 17 Management Course: Project Engineering EIC Rio de Janeiro 18 Management Course: Business Writing Skills Eton Institute, Dubai 19 Technical Workshop: Introduction to Shale Gas EIC London 19 Technical Workshop: Introduction to Heat Transfer Fluid Systems EIC Houston 23 Export Showcase: Mexico Export Showcase EIC London 23-25 Management Course: Understanding Project Management EIC London 23 Management Course: Successful Business in Challenging Markets Control Risks, Dubai 24 Industry Overview: Fundamentals of Oil & Gas EIC Houston 24 Technical Workshop: Introduction to Compressors Siemens, Duisburg 25 Business Presentation: Opportunities with THHE EIC Kuala Lumpur 25 Industry Overview: Fundamentals of Refining & Petrochemicals EIC Houston 26 Corporate Entertainment: Pembroke Supper Cleddau Bridge Hotel, Pembroke Dock 26 Industry Overview: Fundamentals of Oil & Gas EIC Aberdeen 28 Technical Workshop: Introduction to FPSOs EIC Rio de Janeiro 31 Industry Overview: Fundamentals of Power E.ON, Nottingham 31 Sector Showcase: Wave and Tidal Showcase Liberty Stadium, Swansea 31 Technical Workshop: Introduction to Steam Turbine Technologies EIC Rio de Janeiro April 2015

11 Industry Overview: Fundamentals of Subsea EIC Rio de Janeiro 13 Management Course: Successful Business in Challenging Markets Control Risks, Dubai 15 HSE Training: Introduction to ATEX Directives 94/9/EC & 1999/92/EC SGS Baseefa, Buxton 16 Industry Overview: Fundamentals of LNG EIC London 22 Management Course: Tendering for Success Rothera Group, EIC Aberdeen 28 Management Course: The Effective PA EIC London 29 Technical Workshop: Centrifugal Pump Design and Manufacture SPP Pumps, Gloucestershire 30 Management Course: Technical Report Writing Rothera Group, EIC London

May 2015 5 Industry Overview: Fundamentals of Oil & Gas Radisson Royal Hotel, Dubai 6 Management Course: Time Management Made To Measure Training, EIC London 6 Industry Overview: Fundamentals of Refining and Petrochemicals Radisson Royal Hotel, Dubai 7 Management Course: Negotiation Skills Made To Measure Training, EIC London 13 Management Course: Key Account Management Change Creation, EIC Aberdeen 20 Technical Workshop: Introduction to FPSOs EIC London 21 Corporate Entertainment: Northern Region Golf Day MacDonald Portal Hotel, Cheshire 21 Industry Overview: Fundamentals of Subsea EIC London June 2015 9 Management Course: Advanced Business Writing Skills Eton Institute, Dubai 11 Industry Overview: Fundamentals of Oil & Gas EIC Teesside 13 Technical Workshop: Introduction to FPSOs EIC Rio de Janeiro

For further information on UK & Overseas Events and Training please contact: info@the-eic.com

www.the-eic.com

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12

March 2015

Events Diary

Exhibitions & Delegations 2015

30 March-2 April Overseas Delegation to Kazakhstan

4-7 May Offshore Technology Conference (OTC)

Houston

Status Sold Out Sold Out

17-21 May Overseas Delegation to Saudi Arabia and Bahrain

Booking Now

11-15 May Overseas Delegation to India (Power)

Booking Now

2-4 June Oil & Gas Asia (OGA)

9-11 June POWER-GEN Europe

23-26 June Brasil Offshore

Kuala Lumpur

Booking Now

Amsterdam

Booking Now

MacaĂŠ

Booking Now

29 June-2 July Overseas Delegation to Turkey

Register your Interest

6-10 July Overseas Delegation to Thailand

Register your Interest

9-12 September Oil & Gas Indonesia (OGI)

Booking Now

Jakarta

21-25 September Overseas Delegation to the Philippines

tbc September Overseas Delegation to East Africa (Kenya and Uganda)

27-29 October OTC Brasil

Register your Interest Register your Interest

Rio de Janeiro Booking Now

tbc October Overseas Delegation to Australia

Register your Interest

tbc October Overseas Delegation to Mexico

Register your Interest

tbc October Overseas Delegation to Papua New Guinea

Register your Interest

9-12 November ADIPEC

Abu Dhabi

23-27 November Overseas Delegation to Cambodia

Booking Now Register your Interest

23-27 June Overseas Delegation to Venezuela and Trinidad and Tobago Register your Interest For further information on Exhibitions & Delegations please contact: events@the-eic.com

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National Events

2015

2 June EIC Connect Middle East

8-11 September Offshore Europe

24-25 November EIC Connect Energy

Status

Abu Dhabi

Delegate Bookings Now Open

Aberdeen

Stand Bookings Open

Manchester

Register your Interest

For further information on National Events please contact: nationalevents@the-eic.com

23 A 26 DE JUNHO DE 2015

MACAÉ, RIO DE JANEIRO I BRASIL CONTACT deanne.lintorn@the-eic.com www.the-eic.com

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13

March 2015

EIC Overseas Exhibitions and Delegations

Overseas Exhibitions EIC Overseas Exhibitions and Delegations POWER-GEN Europe 2015 9-11 June 2015 Amsterdam TAP funding £1,500 for eligible SMEs The EIC will be organising and managing a UK Pavilion at POWER-GEN Europe for the first time this June.

The European power system is changing notably to enable a low carbon economy and a fully functioning internal electricity market without impeding on security of supply for the 532 million European people served by the grid. With Europe being home to some of the largest utilities and project developers there appear to be distinct regional opportunities for operators that strive to either develop or acquire key assets despite the difficult economic environment. Furthermore, global opportunities in the power sector are paramount with many countries investing in thermal plant seeking European expertise. EICDataStream is tracking 345 active projects and 270 future projects in the power sector including T&D (transmission and distribution) and energy storage.

POWER-GEN Europe provides a wealth of opportunities for you to promote your products and services, raise your company’s brand awareness and connect with key industry decision makers under one roof. To book please contact Raelene Rifkind: raelene.rifkind@the-eic.com

Brasil Offshore 2015 Oil & Gas Exhibition and Conference 23-26 June 2015 Macaé #EICBrasilOff15 TAP funding £2,500 for eligible SMEs The EIC is pleased to be returning to host the UK National Pavilion for another year at Brasil Offshore 2015. The International Brasil Offshore Oil and Gas Exhibition is held every two years in Macaé, which is the operational base for more than 80% of offshore exploration in Brazil.

The bi-annual Brasil Offshore exhibition focuses on the importance Brazil will play in meeting increasing global energy demand. The exhibition brings together key personnel within engineering, operations and procurement providing a unique opportunity to suppliers of goods and services worldwide. Brasil Offshore is the third largest offshore exhibition in the world, considered one of the most relevant trade shows within the international offshore market, attracting visitors and exhibitors from 38 countries and covering all aspects of the Brazilian offshore industry.

Brasil Offshore is the perfect platform for UK companies who are new to the market, those in the process of acquiring Brazilian companies, setting up manufacturing facilities, and those with fully fledged operations and experience in the market. For more information please contact Deanne Lintorn: deanne.lintorn@the-eic.com

Overseas Delegation to Saudi Arabia 17-21 May 2015 Saudi Arabia is the world’s largest exporter of oil and has played a pivotal role in insuring that the world’s energy demands are met and will continue to maintain this position in the years to come. Bahrain has 120 MMbbl of oil reserves and 3.25 Tcf of gas reserves.

The kingdom shares production of the 300,000 bbl/d Abu Safah offshore field with Saudi Arabia and this is connected to Bahrain’s Sitra refinery via pipeline.

Business opportunities for UK companies in both nations are abundant as billions of dollars worth of investments are being planned for projects across the hydrocarbons sectors. For further information please contact Mark Gamble: Tel +44 (0)20 7091 8616 mark.gamble@the-eic.com

of GDP, 95% of export revenues, and 95% of government income. Kuwaiti officials have committed to increasing oil production to 4 million barrels per day by 2020.

The Kuwait Petroleum Corporation (KPC) manages domestic and foreign oil investments. Kuwait Oil Company (KOC), the upstream subsidiary of KPC, manages all upstream development in the oil and gas sectors. The Kuwait National Petroleum Company (KNPC) controls the downstream sector, while the Petrochemical Industries Company (PIC) is in charge of the petrochemical sector.

Export operations are overseen by both KNPC and the Kuwait Oil Tanker Company (KOTC).

Meetings were arranged throughout the three days with KPC, BP Kuwait, Kharafi National, National Technology Enterprises Company (NTEC), Shell Kuwait, Amec Foster Wheeler, Worley Parsons, Fluor, Petrochemicals Industries Company (PIC), KNPC and KOC. There was also a networking reception held in honour of the Lord Mayor of London, Alderman Alan Yarrow who was visiting the region on a business delegation. Delegates were also given the opportunity to introduce themselves and their companies to the British Business Forum held at the British Embassy.

Oil and gas has been the driving force for the economy for decades and this trend is set to continue. Large investments are being centred on heavy oil fields such as the KOC operated US$4.3 Lower Fars Heavy Oil Field Development.

The downstream sector is dominated by refining with major projects such as the Mina Abdulla and Mina al-Ahmadi clean fuels projects as well as the new Al-Zour refinery.

These three projects alone account for US$33 billion worth of investment. mark.gamble@the-eic.com

Delegation Report Overseas Delegation to Kuwait 18-20 January 2015 The overseas trade delegation to Kuwait consisted of seven delegates from six UK companies keen to find out more about the current oil and gas opportunities in this ever growing market.

Kuwait holds the world’s sixth largest oil reserves with 101 billion barrels of proven reserves and also holds 63 trillion cubic feet of proven gas reserves. The GDP of Kuwait has been growing on an annual basis since 2011 by an average rate of 6.9% and is the 5th richest country in the world per capita. Petroleum accounts for nearly half www.the-eic.com

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14

March 2015

EIC Training Services

Training Services Writing for Business

Make Life Easy for the Reader Engineers, scientists, project managers and other technical staff often make the same fundamental mistake; they assume their clients are telepathic.

We all know how important it is to convey key messages in a clear, concise fashion and yet it is rare to see a wellwritten technical report or a high-impact tender document.

The knowledge which staff have can often become lost, confused or even distorted when transferred to paper.

Instead of articulating the key messages that they want the reader to understand, writers seem to rely on telepathy for getting their message across.

The best documents are ones which are easy to read.

Anne Farr of Rothera Group has many years’ experience helping staff in technical companies to produce clear and meaningful documents which achieve their objective.

Anne has worked with numerous companies in the UK and overseas to help them win more work through their proposal documents. She ensures that the professionalism of the company is reflected in its written submissions and that important messages are clearly communicated.

Technical Report Writing Many companies commission technical studies yet it is widely acknowledged that the quality of reports can be extremely poor. Some of the most frequently cited complaints relate to executive summaries that are not executive summaries, conclusions that are based on opinion rather than fact, and documents that are so badly presented that reading them is a struggle.

Bids, Proposals and Tenders Writing high impact documents that win profitable contracts should not be a headache. Once a writer understands what evaluators want, it becomes easy to structure, draft and then finalise content. It is important that people know what process to follow, and what common pitfalls to avoid.

“We thought we were doing OK until we worked with you!

Now that I know what I know, I want to re-wind all the bids we submitted last year. We could have won them all.”

Management Course

Management Course

HSE Training

Industry Overview

Professional Writing and Reviewing Whether your role involves writing material as a subject matter expert, or reviewing it prior to submission, it is important that your time and effort is well spent.

A single day of training can make a huge difference as cited by Anne’s recent trainees: “Thank you again for the training you gave me last month.

Since we met we have won two contracts. The clients said I had delivered exactly what they were looking for in my proposal and that they were impressed with the level of detail I put in.”

“Your writing training means I no longer spend hours rewriting the consultants’ reports. Thank you.”

Tendering for Success How to Write Winning Bids Wednesday 22 April 2015 Rothera Group, EIC Aberdeen This course will give delegates an understanding of the bid management process and a structure which can be used to produce high-impact, customer facing tenders.

Technical Report Writing Thursday 30 April 2015 Rothera Group, EIC London This course will provide participants with a methodology for successfully producing technical reports which address the requirements of the reader, as well as those of the writer.

Introduction to ATEX Directives 94/9/EC & 1999/92/EC Wednesday 15 April 2015 SGS Baseefa, Buxton

Fundamentals of LNG Thursday 16 April 2015 EIC London

Technical Workshop

Management Course

Introduction to Centrifugal Pump Design and Manufacture Wednesday 29 April 2015 SPP Pumps, Coleford, Gloucestershire

The Effective PA Tuesday 28 April 2015 EIC London

If you would like further information on our courses, or are interested in hosting a workshop please contact: terri.sylvester@the-eic.com www.the-eic.com

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15

March 2015

GATE DELE INGS K BOO W NO N OPE

www.the-eic.com

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16

March 2015 #EICConnect

EIC National Events

During dinner guests will be entertained by expedition leader, travel writer and marine biologist Monty Halls, one of the most established and thought-provoking speakers in the UK today.

THURSDAY 15 OCTOBER 2015 NATURAL HISTORY MUSEUM, LONDON

There will be a prize draw sponsored by Roxtec, who specialise in the development and manufacture of cable and pipe seals. So be sure to enter your business card for a chance to win a fantastic prize.

Enjoy a magical evening of entertainment, networking and splendour in a truly unique venue.

We also look forward to announcing the winner of the EIC Award for Supply Chain Excellence and celebrating the achievements of our members. Information on how to enter the 2015 award will be available shortly.

The EIC National Dinner will take place against the spectacular backdrop of Hintze Hall at the Natural History Museum which showcases some of the museum’s most famous collections including Dippy the Diplodocus skeleton.

The dinner is exclusively open for EIC members and their guests and tables of 10, 12 and individual places are available. What’s included: • Canapé and drinks reception on arrival • Sumptuous three-course meal • Coffee and petit fours • Beer, wine and soft drinks during dinner • First class entertainment

The EIC is pleased to announce that LV Shipping who offer first class logistic solutions through a global network will be returning as the Platinum Sponsor of the dinner.

Cost Individual Place £215+VAT Table of 10 £2,100+VAT Table of 12 £2,500+VAT For more information and to book your table please visit www.the-eic.com/nationaldinner or contact Charmaine Atkinson, National Events Co-ordinator Tel +44 (0)1642 379 975 Email charmaine.atkinson@the-eic.com

Hintze Hall, EIC National Dinner 2014

Over 550 energy industry professionals will attend the dinner offering an unrivalled opportunity to network with buyers and colleagues from the global energy industry.

The evening will begin with a canapé and drinks reception, sponsored by Vantrunk, an internationally renowned manufacturer of extreme cable management products and associated support systems. Following the reception, guests will be welcomed into Hintze Hall where they will be able to take in their first views of their iconic surroundings. A sumptuous three-course meal will follow accompanied by free-flowing wine, beer and soft drinks. www.the-eic.com

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17

March 2015

EIC UK News

News from our UK offices

Southern Region AGM Wednesday 11 March 2015 EIC London Would you like the opportunity to represent your organisation on the Southern Region Committee?

We are looking for EIC members to help shape the future direction of the region.

Aims of the Southern Region Committee: • Assist in development of the regional programme to equip members with an overview of the energy sector, including suggestions and ideas of areas of interest, speakers or projects.

• Provide a cross section of feedback on EIC services and activities offered within the region, helping to shape our membership offering.

• Help us consider the needs of speaker companies and members attending regional events.

• Promote the EIC to potential members and speaker companies.

• Provide insight and feedback on projects/ industry trends.

Benefits of Committee Membership: • Raising the profile of yourself and your organisation among the membership and beyond via the EIC website.

• Representing the views of EIC members both in the region and as a whole.

• Helping to build a beneficial programme of events and activities for EIC members.

• Building strong relationships with other committee members across the UK. • Enhanced networking opportunities.

• Priority invitations to select EIC events.

• Meetings provide an opportunity to discuss market trends and share industry knowledge.

If you wish to be considered for a place on the Southern Region Committee or would like to find out more, please contact Jennifer Hole: jennifer.hole@the-eic.com

Forthcoming Events

Regional Showcase Southern Region Contractors Showcase Wednesday 11 March 2015 EIC London This Regional Showcase will feature a panel from the key contractors across the EIC Southern Region discussing trends, procurement practices and challenges across the energy sector. It will also provide a fantastic platform for networking with your fellow members from across the UK. The presentations will include the following: • Trends and challenges – what are they and how are they being addressed.

• Procurement policy – how to do business with them; pre-qualification processes; how to do business.

• Contacts – local and global procurement contacts.

• Project updates – current and future project activity; opportunities for the supply chain; global project portfolio managed locally; procurement requirements.

• Developing new technologies – companies plans; supply chain involvement.

Contact Jennifer Hole.

Business Presentation Opportunities with Amec Foster Wheeler Tuesday 17 March 2015 Hilton Treetops Hotel, Aberdeen

Amec Foster Wheeler

Following the acquisition of Foster Wheeler by AMEC in late 2014, the newly formed Amec Foster Wheeler organisation offers a global engineering, project delivery, asset support, power equipment and consultancy offering with over 40,000 employees in more than 50 countries.

With interests in projects that have a combined CAPEX of over US$1.16tn (via EICDataStream), and a newly organised engineering and project delivery operation, this is your chance to find out about the opportunities available and how your organisation can do business with Amec Foster Wheeler in the UK and globally.

Contact Pamela Nicholson.

Export Showcase Mexico Export Showcase Monday 23 March 2015 EIC London Mexico is one of the 10 largest oil producers in the world, the third largest in the Americas after the United States and Canada. Petróleos Mexicanos (PEMEX), the state national oil company, is one of the major oil companies in the world and the sole producer of crude oil, natural gas and refined products in Mexico. Indeed oil is a crucial component of Mexico’s economy as it is the most important source of government income.

Join the EIC and UKTI at this Mexico Showcase for an overview of the region’s energy sector, details of where the main opportunities lie and the support available to companies looking to do business there.

Register your interest with Jennifer Hole.

EIC Newsbriefs – Keeping you up to date on energy news from around the world. Email membership@the-eic.com www.the-eic.com

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18

March 2015

EIC UK News Corporate Entertainment Northern Region Golf Day Thursday 21 May 2015 MacDonald Portal Hotel, Cheshire

© 2003-2015 Shutterstock, Inc

Corporate Entertainment Pembroke Supper Thursday 26 March 2015 Cleddau Bridge Hotel, Pembroke Dock The EIC is delighted to announce that the 2015 Pembroke Supper will return to the Cleddau Bridge Hotel, Pembroke Dock, on 26 March. With over 75 projects taking place within the surrounding area generating a potential of up to US$17 billion of business, Pembroke is the south west’s energy capital of Wales.

This event provides the perfect opportunity to entertain guests, network with prospective customers and generate business contacts in the area. The Pembroke Supper also provides a brilliant opportunity for one company to promote their abilities by sponsoring the evening. Please contact Jennifer Hole.

Sector Showcase Wave and Tidal Showcase Tuesday 31 March 2015 Liberty Stadium, Swansea

The Championship Course, opened in 1990, was named Golf Course of the Year in 1995, and is the star of Portal’s golfing complex. Designer Donald Steel has created a challenge that is characterised by unique and distinctive holes; expansive water hazards and cascading waterfalls are among the tests. The signature is typical of Steel’s magnificent 7,037 yard layout – the long third tips the scales at 607 yards, with a green guarded by a beautiful lake.

The day will include a breakfast buffet, 18 holes, with teams playing the Stableford competition with added individual player contests around the course. All this will be followed by a delicious two-course presentation dinner and the winning team being awarded the Flexitallic Challenge Bowl Cup. There are three levels of sponsorship available for the Northern Region Golf Day. The different levels (Gold, Silver, Bronze) will give your company brand recognition throughout the various EIC mediums, sponsorship of certain holes and prizes and provide a high level of brand visibility on the day of the event. For further information please contact Jennifer Hole.

With wave and tidal projects featuring in the National Infrastructure Plan 2014, the UK can expect to see more investment in new technologies and faster approval for projects in the future. As oil prices drop, the supply chain should be looking at where their expertise can fit within some of the emerging sectors. The EIC, via EICDataStream, is at present tracking 65 marine renewables projects in the UK alone with a combined CAPEX of US$75 billion; two thirds of these are projects that are still in planning stages, but the political focus on renewables and the pressure on the oil and gas industry will hopefully assist in getting these off the ground.

The EIC would like to invite members to hear about the opportunities this sector can offer, both in the short term with projects such as the US$800 million Swansea Bay Tidal Lagoon and longer term on projects such Cardiff Bay Tidal Lagoon and West Somerset projects.

The Severn Estuary alone holds the second highest tidal range in the world, resulting in a huge investment in the region’s marine projects. Please register your interest with Jennifer Hole.

www.the-eic.com

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Contact Helen Doona, UK Regional Manager (Northern) Tel +44 (0)1642 379 972 Email helen.doona@the-eic.com Jennifer Hole, UK Regional Co-ordinator (England & Wales) Tel +44 (0)1642 379 973 Email jennifer.hole@the-eic.com Pamela Nicholson, Office & Events Manager (Scotland) Tel +44 (0)1224 628 251 Email pamela.nicholson@the-eic.com

19

March 2015

EIC Middle East News

Middle East News

Forthcoming Events Management Course Business Writing Skills Wednesday 18 March 2015 Eton Institute, Dubai

Office News

Thomas Hoefling has joined the Dubai team as our new Regional Analyst. The local membership will see a lot of Thomas at future events as he intends to provide an insight into regional developments as well as continuing to offer any training on how to get the most out of the EICDataStream projects database. Should there be any queries related to projects across the region, then please do not hesitate to contact Thomas who will be pleased to help in any way he can: thomas.hoefling@the-eic.com Last month’s commentary featured a view regarding the falling price of oil and its knock on effect on local economies. There still appears to be something of a roller coaster on the key prices but at the same time, slight upward trends appear to be taking shape which would be in line with expert views expressed back in January that observed the falling price to be one of correction rather than an unstoppable free fall.

Towards the end of March we will be taking a UK delegation to Kazakhstan once more. With significant developments continuing to be announced, the delegation is an excellent vehicle to use in order to get an informed overview of market drivers, identifying opportunities and being provided with the various options that are available to UK companies to take early advantage of those openings.

Last month we were able to support the Saudi British Trade Week, an excellent initiative undertaken by the British Trade Office in Al Khobar that saw over 40 companies take part in a full schedule that encompassed engagement with the Chamber of Commerce, a selection of EPC contractors active in the Eastern Province, end users including Saudi Aramco, Sadara and Satorp as well as a full day’s visit to Jubail. The EIC intends to take a delegation back to the Kingdom in May so that companies can use the occasion as a follow up visit. We then intend to spend an additional day in Bahrain. Full details of all our events can be found on our website.

Finally on events, EIC Connect Middle East 2015 is scheduled for 2 June in Abu Dhabi. Most of the exhibition space has now been booked and the event is shaping up nicely. Please do not hesitate to contact us if there are any questions but again, our website is the place to be if you wish to learn of any immediate updates.

Brian Britnor from Hadar Lighting and regular visitor, John Kaznowski from Rexel passed by the office while at a recent British Business Group meeting. We caught up with Allison Hubbard and Mark Raymont from Pinsent Masons as well as Mark Richards and Michael Ashworth from Ardan. At the Saudi-British Energy week, we met up with Hugh Fraser and Tony Khoury from Andrews Kurth, Daniel Newton and Bill Rigg from Cullum Detuners, Mohammed Sayeed from Ducab, Charles Byrne from Graham Hart Process Technology plus Steve Rowbottom and Zulfiqar Hussain from Theon.

Terry Willis, Director, Middle East, Africa & CIS Contact: terry.willis@the-eic.com

Management Course

Successful Business in Challenging Markets – Egypt and Nigeria Monday 23 March 2015 Control Risks, Dubai To register your interest or to book on any of the above courses please go to www.the-eic.com/Training or contact Helen Aittis: helen.aittis@the-eic.com

Regional Comment

Saudi Aramco looks to its partners to share the pain When oil prices are in the doldrums, it allows the region’s major producers to take stock of their operations and trim away at some of the fat usually accrued during the good times. As a result, non-essential projects are quietly shelved, or even dropped completely, and operations are assessed to see where savings can be made. However, on this occasion, things seem a little bit different.

Saudi Aramco’s decision to maintain high oil production has meant that as far as its upstream operations go, it is not possible to make many cuts. The kingdom’s oilfields are producing an identical amount of crude now when the price is US$58 a barrel as they did when it was US$110.

This has not stopped them from asking rig providers to lower prices, with sources saying some of the discounts demanded are as high as 25%. The oil major will know that such a deduction is probably impossible from an operational perspective, but it should still be able to negotiate some sort of markdown.

For rig providers, it is in their best interest to keep the region’s largest client happy, but they will also know that as long as more than 9.5 million bbl/d of oil are being produced, then the majority of these assets will have to remain in situ.

The lean period for oil prices may well lead to the contracts between the parties being renegotiated but as it stands, Aramco’s bullish oil production policy means it cannot make too many demands of its supply chain partners.

Total is first winner from the ADCO lottery Total will be allocated shares in the new Abu Dhabi Operating Company for Onshore Operations (ADCO).

Total is the first company to be awarded a 10% plus ‘asset leader’ contract that covers fields at Bu Hasa plus a number of smaller fields located in the south east of Abu Dhabi including Asab. The bidding process which has been on-going for over a year has involved a number of international oil companies including BP, China National Petroleum Corporation (CNPC), Italy’s Eni, Japan-based Inpex, Korea National Oil Corporation (KNOC), USbased Occidental Petroleum, the UK/Dutch Shell group and Norway’s Statoil all vying for a piece of the action.

EIC Newsbriefs – Keeping you up to date on energy news from around the world. Email membership@the-eic.com www.the-eic.com

@TheEICEnergy

20

March 2015

EIC Asia Pacific News

Asia Pacific News

Regional Comment

Wood Group Kenny lands GWF2 FEED Wood Group Kenny has been hired to provide FEED on the flowline system and associated procurement support for the proposed subsea tie-in of GWF2 to North West Shelf’s existing infrastructure. The scope of work includes engineering and procurement support services for the 16” GWF2 corrosion resistant alloy rigid flowline system, flowline end termination structures, inline tee assembly structures, mid connection structure and subsea tie-in spools.

Office News

In January I met with the following personnel in Kuala Lumpur: Dr Shahreen Madros, Executive Director Malaysian Petroleum Resources Corporation, James Chan, Vice President of InvestKL, Susan Kahlawati, Senior Trade Commissioner, Australian Trade Commission, Juliana Badli, Business Development Manager, Australian Trade Commission and Jennifer Wong, Trade Manager, British High Commission. The meetings were mainly to discuss potential collaboration between EIC Asia Pacific and the respective organisations and also to exchange notes on planned events and programmes for 2015.

We visited Jakarta, Indonesia on 20 January 2015 to attend a one day conference entitled Indonesia Oil & Gas Outlook for 2015. The conference was attended by all the key stakeholders of the energy industry in Indonesia including Pertamina, SKK Migas, Indonesian Petroleum Association (IPA), Chevron Indonesia, BPH Migas, INPEX, ENI, BP Indonesia and Salamander Energy, among others.

Overall, Indonesia is in the midst of transforming its oil and gas industry to be more efficient and transparent, with the ultimate aim of achieving the target of production of 1 million barrels per day. The new government of President Joko Widodo has also set up an ambitious target of developing power plants with a combined capacity of 35,000MW over the next five years in order to avert a looming power crisis.

The following week we attended International Energy Week in Sarawak, East Malaysia where the State of Sarawak (one of 11 states in Malaysia) officials gave presentations on the opportunities for oil and gas and power plant projects within the state. EIC Asia Pacific is planning to conduct an official visit to Sarawak by the middle of this year.

Towards the end of January 2015 EIC Asia Pacific was one of several organisations invited by PETRONAS to give feedback on the impact of low oil price to the industry. Prior to that PETRONAS issued letters to all its vendors requesting vendors to reduce man-hour rates by 30%. Industry players in Kuala Lumpur were planning to organise a specific session with PETRONAS in February/March 2015 to present their suggestions to assist PETRONAS to achieve the objective of industry consolidation and efficiency.

Bangladesh approves nation’s first FLNG FSRU State owned Petrobangla has signed a MoU with JV companies Astra Oil and Excelerate Energy for construction of the FLNG FSRU on a build-operatetransfer basis. The FLNG FSRU is to be located at Moheshkhali Island in the Bay of Bengal with a design capacity of 5Mtpa and is intended to send out at least 500MMcf/d of gas. The partners reportedly have 16 months to complete the construction work.

PGE allocates US$432 million in investment this year Pertamina Geothermal Energy (PGE) has set aside US$432 million for several projects including construction of new power plants, maintenance of existing facilities and seeking more geothermal energy potential via exploration activities in 2015. The allocation will be for development of Kamajoang Unit 5, Ulubelu Unit 3 and 4, Lumut Balai and others. PGE plans to explore Bukit Daun in Bengkulu, Sumatra. The Indonesian Government is targeting to add a total of 35,000MW to its new power plant capacity by 2019 with some coming from geothermal plants.

Six target race for ONGC subsea contract At least six leading international subsea contractors or consortia are in the frame for the subsea installation work on the S1 and Vashishta developments. Sources say Technip, Saipem, Subsea 7 and TL Offshore have shown a strong initial interest and are likely to bid.

Larsen & Toubro (L&T) is believed to have teamed up with McDermott, while Allseas could bid in a consortium with EMAS. Bids are likely to be submitted this month but contractors believe the process could be delayed due to the subsequent delay in a separate tender covering the subsea production systems.

Forthcoming Event

New PETRONAS CEO Malaysia Prime Minister Najib Razak has appointed Wan Zulkiflee Wan Ariffin as President and CEO of Petroliem Nasional Berhad (PETRONAS) to succeed Shamsul Azhar Abbas who will step down on 31 March 2015. Wan Zulkiflee is the current COO and EVP for PETRONAS Downstream and will assume his new assignment on 1 April 2015 under a three year contract that will expire on 31 March 2018. The new CEO, who is 54 years old, also holds the post of Chairman of PETRONAS Chemicals Group Bhd and PETRONAS Dagangan Bhd.

Business Presentation Opportunities with TH Heavy Engineering Berhad (THHE) Wednesday 25 March 2015 EIC Kuala Lumpur If you need any assistance or advice in the region or for more information about upcoming events, please contact: Azman Nasir, Head of Asia Pacific Contact: azman.nasir@the-eic.com

EIC Newsbriefs – Keeping you up to date on energy news from around the world. Email membership@the-eic.com www.the-eic.com

@TheEICEnergy

21

March 2015

EIC North and Central America News

North and Central America News Office News

Regional Comment

Wind leases awarded offshore Massachusetts US officials have auctioned off leases to more than 550 square miles of federal waters off the Massachusetts coast to two companies hoping to develop wind energy projects. The two parcels were among four up for lease by the Interior Department. The two other parcels didn’t receive bids. The winning bids by Offshore MW LLC and RES America Inc totalled US$448,171. The auctioned parcels are in an area beginning about 12 miles south of Martha’s Vineyard. Officials said the total acreage of the two areas auctioned off nearly doubles the amount of acreage leased for wind energy through competitive sales. The auction comes as the future of the Cape Wind project is in doubt. The area leased could support about 2GW of commercial wind generation, enough electricity to power over 700,000 homes if fully developed.

EIC members across North and Central America face challenging times this year as the industry experiences a downturn in the energy market following an upturn of some longevity. In the last four years alone, oil production in Texas increased annually at a rate of 25%, with the state’s share of US oil production almost doubling from 20% to 38%. The decline in energy prices being experienced at present comes as part of a long history of boom and bust cycles seen across the region and EIC members are encouraged to take further advantage of the services we offer across North America, Central America and the Caribbean over the next 12 months to outlast this most recent turn.

For further details on the services available to EIC members from our Houston office, or to arrange EICDataStream training to ensure that your team is able to access as much project information for business development purposes as possible, please do not hesitate to contact us.

Offshore drilling proposed for Atlantic coast In news that is sure to excite the oil and gas industry, the Obama administration proposes allowing drilling off the Atlantic coast for the first time since the early 1980s.

The leases to be offered will be offshore Virginia, the Carolinas and Georgia. The leases would be issued in six years, after further information is gathered and plans are refined. Seismic testing along the Atlantic coast from Delaware south to Florida is also being considered for permits. The Department of the Interior estimates that there are more than 3.3 billion barrels of recoverable oil and 31.3 trillion cubic feet of natural gas on the Atlantic’s outer continental shelf. The BOEM has suggested a 50 mile buffer zone from shore. In addition, the government will increase the number of leases offered in the Gulf of Mexico (ten) and offshore Alaska (three).

Forthcoming Events Technical Workshop

Introduction to Heat Transfer Fluid Systems Thursday 19 March 2015 EIC Houston This Technical Workshop will examine the fundamental key components of heat transfer fluid systems including types of fluids and system process design, operation, maintenance and trouble shooting.

Industry Overview

Fundamentals of Oil & Gas Tuesday 24 March 2015 EIC Houston This Industry Overview provides a knowledge of the oil and gas industry from it’s origin, exploration methods and production processes, to commercial trends and technical terms.

Midstream merger news Kinder Morgan has purchased Hiland Partners for US$3 billion. Hiland builds and operates oil gathering and transportation pipelines and natural gas gathering and processing systems in North Dakota and Montana in the Bakken Shale. Energy Transfer Partners has acquired Regency Energy Partners for US$18 billion, making it the second largest MLB in America, with operations in all major producing areas in the US, in particular in the Permian Basin and Eagle Ford Shale. Among the numerous benefits of this merger is the likelihood of further liquids volume growth for Lone Star, which is ETP and Regency’s NGL joint venture.

Industry Overview

Fundamentals of Refining & Petrochemicals Wednesday 25 March 2015 EIC Houston This Industry Overview will enable delegates to gain an appreciation of the fundamentals involved in the refining & petrochemicals industry. Delegates will gain insight into the key processes and commercial fundamentals behind modern day refineries and petrochemical complexes.

This regional comment is produced by Lisa Defalco and Michael Borrel, Regional Analysts for Oil & Gas, and Power, Nuclear & Renewables (respectively) at the EIC North and Central America office in Houston. To find out more about any of the projects or news detailed above, please contact the office: +1 713 783 1200

For additional information about the EIC Houston office, our upcoming events or should you require any assistance in the North and Central America market, please contact: Email houston@the-eic.com

EIC Newsbriefs – Keeping you up to date on energy news from around the world. Email membership@the-eic.com www.the-eic.com

@TheEICEnergy

22

March 2015

EIC South America News

South America News Office News

Regional Comment

Petrobras to release audited results by end of May The company has announced that it will release its longawaited audited annual results by the end of May. Petrobras’ Q3 results were published in January but failed to calculate write-downs associated to an ongoing corruption probe involving several local EPC contractors. The company is expected to reduce investments in secondary projects (the cancellation of the Premium I and II refineries has already been announced) and sell some of its assets.

As part of our strategy to reach out to the region, I will be joining the trade delegation to Colombia where we will visit operators and contractors both in Bogotá and Cartagena.

This is the EIC’s third delegation to the region in the past five years and we received very positive feedback from members that were successful doing business in past delegations. When it comes to Latin America, if Mexico is on your radar, do let us know what your interests and concerns are as I will be visiting PECOM in April.

A-5 auction in April Brazil’s next A-5 auction of capacity from new power generation projects will be held on 30 April, according to information from the national electric power agency Aneel.

Power auctions in Brazil enable generation companies to obtain power purchase agreements from local distributors and the A-5 auction is intended for projects that will become operational five years later. According to Aneel, 91 projects will participate in the auction, offering a combined capacity of 19.8GWe. Most of this capacity will be offered by 31 gas-fired power projects (with a combined 15.4GWe), followed by four coal-fired projects (2.1GWe), 22 biomass projects (1.1GWe), seven hydro power plants (649MW) and 27 small hydros (477MW). Wind farms and solar power plants will not feature in the auction. The latest A-5 shows how gas-fired projects have made a comeback to power auctions in recent years following recurrent droughts which have greatly diminished reservoir levels of hydro power plants throughout Brazil.

The training initiative is going well in Brazil, in particular with Introduction to FPSOs which filled two classes: one in late January and one in-company in February. If your company requires in-house training, please don’t hesitate to contact us and we can structure that. Save the dates for our training workshops in Rio de Janeiro:

YPF and Sinopec sign MoU The two companies have signed a memorandum of understanding aimed at the joint development of upstream and downstream projects in Argentina, including both conventional and unconventional projects. The MoU follows an agreement signed in August 2014 to extend until 2027 a joint-venture carrying out a US$300 million exploration campaign in the province of Mendoza. YPF has established various agreements with international players for projects in Argentina, including Chevron (Loma Campana), Dow Chemical (El Orejano) and PETRONAS (Amarga Chica), among other companies.

Forthcoming Events Technical Workshop Introduction to FPSOs Saturday 28 March 2015 EIC Rio de Janeiro

Technical Workshop

Introduction to Steam Turbine Technologies Tuesday 31 March 2015 EIC Rio de Janeiro

Petroamazonas releases 2015 investment plan Ecuador’s state-owned oil company Petroamazonas will invest US$3.2 billion this year, according to an investment plan released in February. It is understood that about 30% of this amount will be spent on drilling exploration and development wells, including two on the offshore Amistad gas field. The company plans to increase its average production to 363.637bbl/d of oil and 81.3MMcf/d of natural gas in 2015, compared to 361.072bbl/d and 64.3MMcf/d in 2014, respectively. Petroamazonas is responsible for roughly 64% of oil production in Ecuador, OPEC’s smallest oil producing member.

Industry Overview Fundamentals of Subsea Saturday 11 April 2015 EIC Rio de Janeiro

If you need any assistance or advice in the region or for more information about upcoming events, please contact: Clarisse Rocha, Head of Americas Contact: clarisse.rocha@the-eic.com

EIC Newsbriefs – Keeping you up to date on energy news from around the world. Email membership@the-eic.com www.the-eic.com

@TheEICEnergy

23

March 2015

If you would like more information or are interested in becoming an EIC member, please contact: EIC Head Office and Southern Region 89 Albert Embankment, London SE1 7TP Tel +44 (0)20 7091 8600 Fax +44 (0)20 7091 8601 Email info@the-eic.com EIC Northern Region Unit 1, Business Village, Chapell Lane (South), Wynyard Park, Stockton-on-Tees TS22 5FG Tel +44 (0)1642 379 972 Email teesside@the-eic.com EIC Scotland 72 Carden Place, Aberdeen AB10 1UL Tel +44 (0)1224 626 006 Fax +44 (0)1224 637 393 Email aberdeen@the-eic.com EIC Middle East PO Box 54455, Office No 5WA 228, West Wing Building 5A, Dubai Airport Free Zone, Dubai UAE Tel +9714 299 3945 Fax +9714 299 3946 Email dubai@the-eic.com EIC Asia Pacific Lot 17-01, Level 17, Menara HLA, No 3 Jalan Kia Peng, 50450 Kuala Lumpur, Malaysia Tel +603 2725 3600 Email kualalumpur@the-eic.com EIC North and Central America Suite 850, 11490 Westheimer, Houston, Texas 77077 Tel +1 713 783 1200 Fax +1 713 783 0067 Email houston@the-eic.com EIC South America Ed. Manhattan Tower, 26th Floor, Avenida Rio Branco 89, 20040-004 Rio de Janeiro - RJ, Brasil Tel +55 21 3265 7400 Fax +55 21 3265 7410 Email rio@the-eic.com

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