Lloyd's Register Energy enhances the safety of life, property and the environment by providing independent assurance to companies operating high-risk, capital-intensive assets in energy and transportation. Through the use of our products and services, our clients can ensure safe, responsible and sustainable operations across the entire supply chain of the energy industry.
Who We Are:
In September, 2009, Lloyd's Register Group created Lloyd's Register Energy. The new business combines the Group's upstream, downstream, power and manufacturing capabilities to provide an end-to-end service for businesses operating in, and providing services to, the energy sector.
Lloyd's Register Energy
Lloyd's Register Energy services cover every phase of the asset lifecycle from concept, evaluation, and design through manufacture, in-service operation and maintenance, to plant-life extension and decommissioning.
No matter where your energy-related operations are conducted, Lloyd's Register is there. We have more than 7,700 employees of over 90 nationalities operating in 238 offices around the world, in oil fields, on pipelines, from power stations to refineries, on offshore platforms and LNG processing facilities. The move is a refocusing of the company on client issues. In the press release announcing the new business, Richard Sadler, Lloyd's Register CEO, said "This move reflects our commitment to client focus by recognising the increasing inter-dependencies between various operations within the energy industry and providing clients with a seamless level of assurance across their assets."
We operate independently of any government or other body and assure absolute commercial impartiality when examining a company's operations or providing consulting services. The new Energy business is the latest incarnation of a company with a centuries-old pedigree of serving the greater good.
The Founding of Lloyd's Register
In 1687, Edward Lloyd opened a coffee house on Tower Street in the heart of London's merchant district. Coffee was the rave in England at the time. The first London coffee house was established in 1652 and in a mere 35 years, a couple hundred, including Lloyd's, were in existence in London and over 3,000 across England. Coffeehouses were social levelers; they were open to all men regardless of social status. As is the case today, coffeehouses were gathering points where ideas and information were shared and business was conducted.
Strategically situated just a few blocks from the Thames docks, merchants of all stripes flocked to Edward Lloyd's coffeehouse and it quickly became the informal heart of London's maritime business.
An entrepreneurial man, Lloyd realized that his establishment was the nexus of merchant dealings. He began circulating a printed sheet of all the merchant news he heard while serving the merchants, marine underwriters and other businessmen who frequented his shop. This sheet further cemented the coffeehouse's place as the center of merchant business. Lloyd moved his coffeehouse to Lombard Street in 1691, and passed in 1713, but his coffeehouse and the merchant community it fostered thrived. There were other moves of the coffeehouse and new managers, but the tradition of gathering at Lloyd's in one form or another continued.
In 1760, a number of Lloyd's customers organized as the Lloyd's Register Society. It's original purpose was to inform underwriters and merchants about the condition of ships they insured and chartered. The Society hired a small team of surveyors, many of which were retired sea captains, to examine vessels and classify them according to their condition. The first Lloyd's Register of Ships was published in 1764. The Register has been published annually since 1775.
The organization was renamed Lloyd's Register of British and Foreign Shipping in 1834 and it published its first classification Rules at that time.
Find more information on the early history of Lloyd's Register and Edward Lloyd's coffeehouse
What Lloyd's Register Energy does - Helping to reduce risks
The term ‘risk management’ is employed in many business sectors including finance and insurance. Lloyd’s Register is concerned with risk management solutions in relation to technical and commercial aspects of our clients’ assets. The new Energy business is focused on all aspects of the energy business: Oil and gas exploration, drilling, production, transport, refining and processing; petrochemical; power generation, transmission, and distribution; and equipment and component manufacturing.
Risk management supports better decision making by contributing to a greater understanding and control of risks and their impacts.
Our Larger Mission
Lloyd's Register Group's mission is to provide assessment and certification of management systems against international and other standards, including quality, environment, health and safety, security, asset management, and business continuity management systems and is among the world's largest accredited certification bodies. We are comprised of charities and non-charitable companies, with the latter supporting the charities as their main goal.
Interesting Lloyd's Register Statistics:
Lloyd's Register is number one in:
- Brazil, Germany, UK, The Netherlands and India for ASME
- India for high value pressure equipment compliance
- Japan for EU pressure equipment directive compliance
- Korea for ASME nuclear compliance services
- China – India for supply chain assurance
- USA for refinery integrity management
- UK for offshore compliance
- Canada’s Eastern Seaboard for offshore compliance
- Australia and New Zealand for offshore compliance
- Kazakhstan for compliance
- Worldwide for risk management services for drilling