ISSUE 1, JUNE 2021
Mike McMahon
Managing Director, Natural Resources,
Charles Taylor Adjusting
E: mike.mcmahon@charlestaylor.com
Welcome to the first edition of ELEMENTS, a Charles Taylor Adjusting Natural Resources’ (CTA NR) biannual newsletter.
In this edition, our team of adjusters from Europe, Middle East, Americas and Asia Pacific discuss matters arising in their regions, within our three key service lines – Onshore Energy and Mining, Offshore Energy and Low Carbon Energy.
As our team continues to grow and we expand our global services, we’ll bring you updates about our latest news. Over the past few months, we have welcomed Fred Popko in the US, Angus Bradley in the UAE and Stephen Hope in Asia, into our International Onshore Energy and Mining Team. Rolf Spieker has joined the Natural Resources Team in London as a Senior Engineering Adjuster. Also in London, we’ve announced the well-earned promotions of Shazia Rehman and Eibhlin Marsh to Associate Directors.
We hope you will find Elements informative, insightful and enjoyable to navigate.
If you have any feedback or suggestions for future content, please do share your thoughts with me or any of the authors in this edition.
Article 01
Changing outlook for offshore North Sea oil and gas claims
This introduction sets the scene for a series of articles which will explore the challenges faced in handling claims arising from both the established and developing energy industries in the North Sea and beyond.
Article 02
Power from shore technology: The onshore-offshore connection conundrum
The Oil and Gas industry, particularly in the North Sea and the Norwegian Sector, has been pioneering innovative concepts and technologies since day one. Given the current focus on the environmental impact of the energy sector there is a greater need than ever to push boundaries.
Article 03
Mining claims: Is there a case for simplification?
Most mining operations are of a scale and complexity that when something goes wrong the quantum of loss is often significant. And when the loss is so significant, it is not uncommon for disputes to arise over the insurance claim.
Article 04
North Field expansion project: The one to watch
As Qatargas seeks to expand its already mighty LNG empire, the state-owned subsidiary of Qatar Petroleum is using best-in-class processes and world-leading technologies to help meet ever-increasing environmental demands.
Article 05
Carbon Capture and Storage: ‘Net Zero’ fad or necessity for the future
The 2015 Paris Agreement sets out stringent climate targets for the 190+ signatory countries, more than a dozen of which, including the European Union, have already set their own ‘net-zero’ emissions targets with dates ranging between 2030 and 2050. A growing number of companies and organisations across a range of industry sectors are also adopting ‘net-zero’ emissions targets.
Article 06
Wind and solar in cyclone regions: Harnessing renewables down under
With coal becoming an increasingly dirty word, especially in Australia, harnessing what on paper seems like a limitless supply of renewables brings its own set of unique challenges.
Article 07
The future’s bright: The future of solar energy in the Middle East
As global hydrocarbon stores diminish, the search continues for alternate and ideally renewable energy sources to power our lives. For the Middle East, in particular, one such source of clean energy comes from the star closest to the Earth: the Sun.
Article 08
Tropical cyclones in the Arabian sea
Tropical cyclones, also known as hurricanes and typhoons, are the most violent storms on the planet and are common across all tropical waters around the equator. Whilst the Arabian Sea is no stranger to such storms which generally occur in the pre or post monsoon periods, it is not exposed to as many cyclonic events as other seas and oceans such as the Atlantic and Pacific. It seems, however, that this trend may be changing.
Article 09
Pollution claims: How data analytics improves decision making
In late 2019, Charles Taylor Canada launched a unique and comprehensive Pollution Loss Database of insurance losses related to oil field incidents in Western Canada over a ten-year period. By providing in-depth analytics of sector loss patterns and risk trends, the database enables our adjusters to combine their own industry experience with historical market data; improving their ability to estimate accurate loss reserves.