David Clark, Lloyd’s Register’s newly appointed global energy director, to lead LR’s energy business transformation

David Clark, Lloyd’s Register’s newly appointed global energy director, to lead LR’s energy business transformation

(PRESS RELEASE) LONDON, 12-Mar-2019 — /EuropaWire/ — Lloyd’s Register‘s newly appointed global energy director David Clark to lead the transformation of the energy business of Lloyd’s Register (LR). The company is planning to reposition the professional services portfolio for growth through the energy transition, with an enhanced focus on providing solutions for their clients across increasingly complex operations and infrastructure.

David Clark has been appointed on the current position on 14 January 2019. He has spent 30 years in the energy sector leading business operations for major international organisations including Aker Solutions, Schlumberger and Wood.

Lloyd’s Register will offer more focused portfolio of technical consultative services in both existing and new geographical markets while retaining its capability from reservoir to refinery, and from concept to decommissioning.

David Clark, LR’s new global energy director:

“LR has continuously evolved its energy business in parallel with changing client needs and market demands. The emerging recovery of the oil and gas industry and the more evident renewables sector provides LR with the opportunity to reposition our business.”

“Our new strategy moves our portfolio away from markets that have become commoditised and consequently we will not offer all the services that we have historically. We are adopting an approach that leverages the depth of our technical expertise and embraces digital and commercial innovation to provide business-focused solutions. For our clients, this means we will be better placed to help them maximise efficiency gains, manage operational performance, control their cost base and improve how risk is managed.”

Lloyd’s Register’s digital products are a natural evolution of its professional services propositions. LR’s reservoir data interpretation software has long enabled clients to cut through their data noise in order to improve decision making. LR AllAssets, which has recently been launched, is a unique Asset Performance and Risk Management (APRM) software solution with advanced analytics and proven methodologies in helping clients mitigate business risk and optimise asset and plant performance. Furthermore, LR’s RiskSpectrum software is the most comprehensive, proven solution on the market, helping clients precisely calculate and manage operational risk and reliability within the nuclear sector.

David Clark on leading into the digital future: 

“Our digitally enabled solutions have played a significant part in helping our clients realise efficiency improvements. A key aspect of our new strategy is continuing to develop this capability through collaboration and co-creation, allowing us to add more value to our clients’ projects and operations. This is the era of the digital twin, connected assets and predictive analytics, and our proven solutions cover the entire life cycle. I’m excited about what we’re bringing to our clients and the market.”

LR is committed to help its clients reduce their carbon footprint. According to David Clark this can b achieved through a broad range of solutions, from renewables integration to carbon capture, all of which require skills sets and expertise directly transferrable across the offshore energy sectors.

David Clark on transforming with the energy transition and shaping the future:

“Continued diversification is key for our growth and to meet the challenges of a shifting energy mix. As LR further extends its footprint in the renewables sector, we will apply our understanding of complex regulatory environments from multiple sectors to help our clients with the advancement and integration of their energy development, storage and distribution projects.”

“Our purpose remains resolute – working together for a safer world. In all areas of the energy mix, throughout the supply chain and across the globe, LR will continue to support its clients through the complexity of tomorrow’s market challenges, providing the technical confidence and credibility they will need for improved business performance as new energy sources are developed.”

LR will unveil the full strategy for its energy business in the coming months.

SOURCE: Lloyd’s Register