Much has changed since the last EIC Connect Energy USA in 2021: while clean energy sectors are experiencing quick growth as a myriad of capital-intensive projects and ambitious government funding programmes are announced; the ongoing conflict in Ukraine has laid bare the energy security dilemma faced by many countries dependent on Russian oil and gas. The US, as the world’s largest oil and gas producer and one of the leading markets for renewables and clean energy technologies, is ideally placed to capture opportunities presented in this dynamic environment: the country currently has a 1,300-project pipeline demanding US$1.2 trillion in capital investment.

The oil and gas sector remains a driving force in the country as producers are urged to increase output in order to curb rising prices. US LNG export projects – which alone account for US$220bn of CAPEX in EICDataStream – are now under the spotlight as the Biden administration seeks to help European countries reduce their reliance on Russian gas. The question of how to reduce the carbon footprint of oil and gas operations remains central to O&G activity, however, leading operators and contractors to invest, innovate and collaborate on solutions to deliver projects and meet supply challenges.