Lloyd's Register - Committed to Safety and Social Development
Updated: Nov 14, 2018
Lloyd’s Register has a historical tradition of guaranteeing the integrity of assets in the marine industry. Over many years Lloyd’s Register has evolved its deep and broad range of technical disciplines and today provides a leading position in managing risk across oil and gas as well as nuclear, wind, solar and wave energy. “Lloyd’s Register uses the expertise acquired throughout the years to ensure that operations are safe. The link between the past and the present is the ideology of using assets in an optimal and safe manner, which provides added
value to our clients,” says Robert Nyiredy, the Sales Manager in Europe for Lloyd’s Register.
The organization is strongly committed to adding value to society. “Lloyd’s Register is owned by the Lloyd’s Register Foundation, which is a charity. As an overall strategy, we emphasize safety, risk awareness, and scientific research; furthermore, we strongly support social development,” adds Henriette Hall, Managing Director at Lloyd’s Register. In order to achieve this, the earnings of the operational company are either re-invested into the company or directly transferred to the charity. The Foundation then distributes these funds to research areas and institutes and actively searches for universities and candidates who perform research and development in specific study fields. “There are 4 strategic themes: promoting safety and public understanding of risk, advancement of skills and education, supporting excellent scientific research, and accelerating the application of research. There are 24 programs that we fund supporting excellent scientific research and 40 programs in advancement of skills and education,” comments R. Nyiredy. The pertinent branch in Lloyd’s Register supports the commercialization of projects once they mature. The organization believes that through long-term dedication, devotion, and contribution the possibilities for success are raised.
In addition, Lloyd’s Register’s support covers many technical and operational areas, being involved in the development of smart materials and nanotechnology in an attempt to apply technologies to create a safer world. “Taking the oil and gas sector as an example, making operations possible in the Barents Sea in the Arctic requires considerable effort from many people. Lloyd’s Register collaborates with universities and companies who share the same proactive vision by funneling the resources of the Foundation into environmental and sea keeping activities, and designing ships suitable for the Arctic context,” mentions R. Nyiredy. The pledge of the organization is not only shown by their services, but also by encouraging its employees to be ambassadors of safety in their everyday lives. “We constantly attend courses and offer training courses and modules to others as well. The oil and gas industry in particular is a very hazardous sector; therefore, Lloyd’s Register strives not only to comply with safety rules, but also provide its own insights,” expresses R. Nyiredy.
The Norwegian oil and gas industry is internationally recognized for its high standards in safety, enforced by a strong regulatory framework. Thus, it is crucial to address the challenges of developing cost-effective solutions in engineering without compromising safety. Lloyd’s register has built a solid reputation as a proficient discussion partner that provides top-class technical solutions while dealing with these challenges. “Lloyd’s Register is a strong player that has been in the market for many years and we have a broad range of complete solutions to offer to our clients, including services in remote areas. One of the core strengths of the organization in Norway is its highly skilled and experienced consultancy team that has worked in the market for many years,” comments H. Hall.
Companies offering engineering consultancy services to the oil and gas sector are required to be as flexible as possible to adapt to the needs of their clients. This becomes a solid tool for small operators that are looking for their way into the market in short time frames. On the other hand, larger players are in a constant need of high-quality engineering services. “Large operators are more solid and robust and they usually require specific services from Lloyd’s Register, as opposed to actively participating in addressing challenges faced by smaller companies. We are aware of our capabilities and competences but it is always up to the client to decide what they need,” describes R. Nyiredy. The operational company of Lloyd’s
Register is able to support clients in every phase of a project, from the early beginning to the decommissioning stages.
In addition, the company, being aware of the substantial number of mergers and acquisitions that happen in the oil and gas sector, recognizes the opportunities to explore the possibilities of collaboration, to help optimize resources, and reduce maintenance costs to the minimum. The organization finds large potential to provide its services to ensure the safe operation of projects in the Barents Sea. “In this area, it is especially important to ensure safe operations due to long distances and several months of darkness every year. Lloyd’s Register is fully capable of supporting companies to achieve these safety goals in this challenging environment,” says R. Nyiredy.
The company is currently participating in the Johan Sverdrup project, one of Norway’s largest development projects in modern times. “It has been challenging but the operators have been pleased with our services; thus, it is safe to say that the Johan Svedrup project has been one of the greatest success stories of our organization,” says R. Nyiredy. In addition, Lloyd’s Register has been involved with most of the new builds in the Norwegian oil and gas sector as a result of the reputation built by its previous achievements.
Furthermore, the organization is following the trends of increasing activity in the renewable energy market. R. Nyiredy links the experience of the organization in the oil and gas sector with the competitive advantages that it provides it when participating in this market. “The oil and gas sector is strongly linked to renewable energy as the cost parity between the two markets is now similar - a key finding borne out of the 2017 Technology Radar research on the low carbon power generation industry,” says R. Nyiredy. Lloyd’s Register’s core activities lie within the oil and gas sector, but the organization has unique capabilities of taking these experiences into account in order to develop safety strategies by combining the best practices of different sectors.
The organization continues to play an active role in Norway, which represents a key area for the organization with the increasing opportunities around low carbon power generation and in the unfolding of a new era of leaner, smarter oil and gas operations. “We are on a special journey ourselves as we look at how data and technology can be combined to provide greater confidence for clients,” comments R. Nyiredy. “Assurance will always have a key role to play in how companies operate safely, but we are on a mission to provide the very best quality in the way we apply our technical expertise to manage risk using technology and software to help our clients reduce their costs and increase uptime and productivity,” he says.
Lloyd’s Register has developed new ways to train industry employees with full flexibility on location and timing through the use of its Virtual Reality safety simulator, which uses evidence from real-life documented scenarios to help increase the skills-base and knowledge share on key issues such as rig safety. “We are embracing technology in a big way which will benefit the industry in the long term,” concludes R. Nyiredy.