The combined business will bring together the group’s capability in the upstream, downstream, power and manufacturing sectors, providing an end-to-end service from concept, evaluation and design, through manufacture, in-service operation and maintenance, to plant-life extension and decommissioning.

The new energy business is likely to operate with a staff of over 1,900 out of several office hub locations including Houston, Kuala Lumpur, Shanghai, Mumbai, Perth, Rio de Janeiro, Rotterdam, Aberdeen, Coventry and London. .

Richard Sadler, CEO of Lloyd’s Register, 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.”

Over the past two years the Lloyd’s Register Group has been trying to build on its existing competence in the energy sector.

Iain Light, energy director, Lloyd’s Register Group, 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.”