News and events August 2020

About the EIC

Established in 1943, the EIC is the leading trade association for companies working in the global energy industries.

Our member companies, who supply goods and services across the oil and gas, power, nuclear and renewables sectors, have the experience and expertise that operators and contractors require.

As a not-for-profit organisation with offices in key international locations, the EIC’s role is to help members maximise commercial opportunities worldwide.

We do this in a variety of ways:

Market insight

Helping members to track global energy projects and assets

Our projects database, EICDataStream, provides extensive information on more than 8,750 active and future projects in all energy sectors. By tracking full project lifecycles from feasibility to construction and then completion, it helps members to identify opportunities and plan their business development strategies. Our operations and maintenance database, EICAssetMap, puts the details of more than 4,000 energy facilities across The Americas, Asia Pacific, Europe and the Middle East at your fingertips.

High-profile international events

Connecting members with buyers and partners

The EIC hosts flagship industry events that bring together supply chain companies with global energy contractors and operators, and bespoke events that keep members informed about projects, sector developments and markets. Our overseas trade delegations and EIC-run pavilions at international exhibitions introduce members to regional energy markets and their major players.

Worldwide business support

Enabling members to expand into markets across the globe

Member companies who want to do business outside the UK can rely on our global network of offices to provide regional market knowledge, one-to-one advice and practical support. We also provide virtual and rental offices, and facilities for hot-desking, meetings, conferences and corporate events.

Business intelligence

Keeping members informed and raising their profile

We help our members to stay connected with the world of energy through informative online news, e-bulletins, market reports and industry publications. Our comprehensive directory of member supplier services is also a useful resource for operators and contractors.

Industry courses

Enhancing members’ skills and knowledge

Our quality courses, which can be delivered off-site or in-house, are led by highly experienced trainers with industry backgrounds. We tailor our training to suit a variety of levels and also work with member companies to run programmes, some of which include tours to manufacturing companies.

Events coming up

Energy Exports Conference

When? 28 September – 1 October 2020 Why attend? The Energy Exports Conference (EEC) 2020 is now fully virtual and free to attend!

After the success of the inaugural EEC in 2019, this year’s event will run online across five days, offering export support and showcasing a whopping total of more than US$500bn in project opportunities.

Organised by EIC and partners, the Virtual Energy Exports Conference (vEEC) will feature more than 20 international delegations alongside operator, developer and contractor updates – companies include ADNOC, Petrofac, Aramco, Total, BP, Equinor, Shell, Bechtel and Wood.

More than 1,000 attendees and 100 speakers will convene online over the course of the conference.

A preview schedule of presentations will run in the three months preceding ‘vEEC Week’, allowing early access to key project information and one-to-one meetings while the week of the event will include thought leadership sessions, C-level panel discussions, Q&As with our speakers, plenaries and workshops.

More than 50 companies within the UK supply chain will virtually exhibit this year. If you are looking to enter or expand into global markets, vEEC 2020 is the perfect platform to raise brand awareness, showcase new products or services and meet buyers.

For more information, visit: exportsconference.energy

New reports out now

EIC Insight Reports: Survive and Thrive Volume IV

The fourth edition of the EIC Survive and Thrive Insight report is now out. Based on interviews with 40 EIC member companies, the report charts the course they have taken to grow against a backdrop of continued market uncertainty, UK-China trade tensions, OPEC disagreements, low oil and gas prices and COVID-19, compounded by very tight margins, fierce competition, and Brexit.

The strategies more commonly employed by the 40 companies were: diversification, the most popular strategy this year at 49%, followed by: service and solutions (44%), innovation (41%), collaboration (39%), optimisation (39%), culture (33%) and technology (28%). Other strategies were less well adopted: digital surprisingly is down at 26%, while transformation (28%) and energy transition (18%) are low. Once again, export is the least used growth strategy at 15%.

As well as detailing these individual growth strategies and lessons for industry, the report provides invaluable first-hand information from the UK supply chain about what it needs from government to thrive.

The interviews for this research were largely carried out during the COVID-19 lockdown, and although the focus is mostly on growth strategies employed by businesses before COVID-19 struck, the research does highlight several key post-COVID-19 lessons for industry.

The strategies put in place in this edition of Survive and Thrive have generated a massive £2.4bn, up on the £1.8bn in savings and new orders in 2019.

EIC Insight Report: Decommissioning

EIC’s latest Insight Report for energy professionals showcases the capability and capacity of the UK decommissioning industry and reveals the scale of opportunities in the shifting decommissioning landscape.

Drawing on data from EIC market intelligence tools – DataStream and AssetMap – the report explores market growth potential and tracks UK and international developments.

An estimated US$200bn will be spent on decommissioning globally over the next two decades – with around 49% spent on well plug and abandonment alone.

The report examines the UK, Europe’s largest decommissioning market, and identifies emerging hotspots in the Middle East, Asia-Pacific and Latin American regions, as well as their unique challenges.

As one of the most mature markets, the UK is well-positioned to help set the decommissioning agenda for countries with preparations still at an early stage and export its world-leading expertise.

For companies wanting more information on these reports, please visit: www.the-eic-.com/Publications/MarketIntelligenceReports