EIC Survive and Thrive Insight Report
Survive & Thrive

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Survive & Thrive

EIC’s 8th annual Survive & Thrive

In its 8th year, EIC’s Survive and Thrive initiative continues to research the 15 most popular growth strategies used by the world’s energy supply chain in challenging market conditions. Each year reveals new and important findings, such as the conundrum of record growth, with 96% of companies forecasting record revenues in 2024, offset by clear and worrying growing geopolitical and policy uncertainties, resulting in more cautious decision-making by energy bosses, which hampers investment.

The report features success stories and insights from 134 member companies and underscores the need for clearer policies and trade agreements to support market expansion. It reflects that leaders are now more committed than ever to pursuing the energy transition, with or without total policy clarity, but just not on pace with 2050 net zero timelines.

Exporting to new markets remains the least used growth strategy due to excessive risks, cost, and time to market. Companies call for more government support and funding with market access. The #1 growth strategy is to develop client-facing solutions and services, with 82% of these companies now working directly with operators, increasingly side-stepping the Tier 1 EPC contractors.

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The EIC Awards Programme

The World Energy Supply Chain Awards aims to recognise excellence from all companies and organisations across the energy industries globally. In their business cases featured in the Survive & Thrive Report, the EIC member companies can demonstrate how they faced a specific challenge and introduced a new business solution or any initiative that drove successful result.

AWARD CATEGORIES

  • Collaboration
  • Export
  • Scale Up
  • Culture
  • Innovation
  • Service & Solutions
  • Digital
  • Optimisation
  • Environmental Sustainability
  • Diversification
  • People and Competency
  • Technology
  • Energy Transition
  • Resilience
  • Transformation
  • Collaboration
  • Culture
  • Digital
  • Diversification
  • Energy Transition
  • Export
  • Innovation
  • Optimisation
  • People and Competency
  • Resilience
  • Scale Up
  • Service & Solutions
  • Environmental Sustainability
  • Technology
  • Transformation

EIC Awards Ceremony

The EIC has held its traditional National Dinner in London since 1955. The event has been the must-go-to occasion to celebrate the energy industry and network in a fun and memorable social setting.

In 2005 the EIC included the Awards ceremony in the National Dinner schedule. More recently, the EIC Awards programme has grown globally, and now its ceremonies are held in London, Dubai, Kuala Lumpur, Houston and Rio.

Awards - Timeline

  • Call for application
    July 2024 Business cases
    judging process
  • August 2024 Notify finalists
  • September until December 2024 EIC Awards regional ceremonies