ISSUE 2, NOVEMBER 2021
Chris Brown
Managing Director – Natural Resources,
UK, Europe and Singapore
E: chris.brown@charlestaylor.com
Following on from our inaugural Elements Newsletter in June, we very much hope you’ll enjoy our second edition which continues to explore various developments in all things Natural Resources.
In this edition, our team of adjusters from Europe, Middle East, the Americas and Asia Pacific discuss what has been happening in their regions as well as some global trends.
The common theme continues to be the Energy Transition with commentary on how this is impacting our industry. Content ranges from the clean-up of the traditional hydrocarbon industry i.e. decommissioning, through to new sources of energy in the renewable space, and also the digital enhancements that producers now deploy across both energy and mining risks to achieve even greater efficiencies as they work towards decarbonising their activities.
We would also like to take the opportunity to welcome a few new joiners in our Natural Resources team including Emily Spellman and Priyanka Ruprai in London.
Now that countries are starting to slowly unlock from the pandemic, we very much look forward to reconnecting with our clients and recommencing our site inspections and claims meetings in a more traditional face-to-face manner.
We hope you will find Elements interesting, informative and insightful.
If you have any feedback or suggestions for future content, please do share your thoughts with myself or any of our other contributors.
Article 01
Defining Risk Mitigating Roles in Offshore China
Offshore wind farms have been in operation in Europe since the early 1990s. Technical advancements in the ensuing 30 years has helped offshore wind power achieve remarkable results all over the world and is now one of the most important sectors of renewable energy, attracting significant international investment.
Article 02
Crude Oil to Chemicals (COTC) – New Horizons
Technologies developed in 2013 and promoted by ExxonMobil, together with joint venture agreements between Saudi Aramco, CB&I (now McDermott) and Chevron Lummus (CLG) have resulted in the commercialisation of Thermal Crude to Chemicals, TC2C™ technology, also (sometimes) known as Crude-oil-to-chemicals (COTC).
Article 03
Wind Turbines & Lightning Strikes
Lightning is an ever-present natural phenomenon. Indeed the destructive power of a lightning strike, and the resulting wildfires it can cause, is actually key to the lifecycle of some species of flora. However, the increased use of composite materials in aviation in the last half century has led to a renewed interest in this topic as increasing numbers of structural aircraft components are composite in nature which can potentially be more susceptible to damage from lightning strikes.
Article 04
Pros and Cons of Digital Twins for Insurers
Those of us that attended the online Lillehammer Energy Claims Conference in March this year could not have failed to be impressed by the excellent presentation by Ewan Saunders at Serica Energy. Ewan demonstrated The Bruce Platform’s Production, Utility and Quarters (PUQ) digital twin giving us some insight into how it has been developed and what it can be used for.
Article 05
Let's talk about CABLES!
With the environment and global energy transition ever higher on the agenda, insurers’ focus is switching increasingly to green technologies and the new opportunities these bring. The global expansion of offshore wind is probably the biggest and most accessible.
Article 06
Spotlight Series
Emma Vaughan, newly-appointed Head of HR for Charles Taylor Adjusting met with Eibhlin Powell to gain some insight into her background and day-to-day life.