(EnergyAsia, October 29, Thursday) — The Lloyd’s Register group said it has created a new energy business by merging its oil and gas, and chemicals and power divisions.
The consulting and inspection company said the combined business will bring together its capabilities in the upstream, downstream, power and manufacturing sectors to provide a range of concept, evaluation, design, manufacture, operation, maintenance, plant-life extension and decommissioning services.
Its marine and energy businesses are also supporting the growing market in floating offshore installations (FOIs) for deep water oil and gas recovery solutions. The FOI team is headed by Global FOI business manager Ron Edgar.
Lloyd’s Register CEO Richard Sadler said: “We have recognised that in the past we have structured our businesses in a way that did not best serve our clients. This move reflects our commitment to client focus by recognising the increasing inter-dependencies between sectors of the energy industry and providing clients with a seamless level of assurance throughout their supply chains.”
The group said the new energy business will operate with a staff of over 1,900 out of several key offices including Houston, Kuala Lumpur, Shanghai, Mumbai, Perth, Rio de Janeiro, Rotterdam, Aberdeen, Coventry and London.
From oil fields and pipelines to power stations and refineries, the energy team will be helping businesses around the world to improve the safety and performance of their assets. With a global network of more than 8,000 employees across 232 locations, Lloyd’s Register is well placed to advise clients at any stage of the supply chain and throughout an asset’s lifecycle.
Over the past two years, Lloyd’s Register has been expanding its presence in the energy sector by acquiring ModuSpec, Capstone, ODS, Knowledge Based Management Ltd (KBM) and Human Engineering Ltd to provide compliance, technical consulting and business solutions services across the full lifecycle of assets.
Iain Light, Lloyd’s Register’s energy director, said: “Our core business values are important to all of us, are recognised by our clients and remain at the heart of everything we do. This business change to energy will help us to place more emphasis on our clients to ensure stakeholders throughout the energy supply chain understand the risks relating to plant, equipment and systems. It also boosts our ability to provide skilled and competent people at all levels.
“With our newly created energy division, our expertise and capability to deliver on challenging applications, often in remote environments, will bring us closer to industry stakeholders. We are well-placed to advise the energy industry on their assets’ lifecycles and at any point in the supply chain. Our expertise will ensure competence by better safety performance.”