Survive & Thrive – EVOL ✕ EIC

Service companies have come under mounting pressure as a result of COVID-19 and the related oil price pressure, but it is not all doom and gloom. Stuart Broadley, CEO of the Energy Industries Council, joins Ed Reed from the Energy Voice team to explain why, in a paid partnership with the EIC.

The EIC’s fourth edition of Survive & Thrive, a survey of 40 service companies, flagged three major points. Resilience, diversification and exports.

Companies have learnt the lessons of the last oil price crash, moving faster to cut costs and enter new industries, demonstrating resilience and diversification. But Broadley has called for companies to do more to consider exports as an area of growth in the energy sector.

As to which of the companies surveyed is Broadley’s favourite? He’s not saying, but judging is now under way, and an awards ceremony is scheduled for March 2021.

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