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It is crucial for risk management and insurance professionals to adapt and innovate in order to support the growth of offshore wind energy. As this industry expands, new challenges and risks arise that need to be properly managed. This includes the development of specialized insurance products that address the specific risks of this industry, as well as the implementation of advanced technologies and data analysis for better risk assessment and mitigation. Discover the latest insights here. #windenergy #Energy

As new projects and construction in the renewables sector ramps up, firms need a high concentration of risk management, insurance and claims expertise to prepare for an inevitable increase in losses https://lnkd.in/eKS6mCJn

The significant number of offshore structures in federal waters of the GOM that are either due or overdue, for decommissioning is both staggering in number and financial costs, which is why US offshore regulators are focusing on more effective ways to solve these financial problems. However, some of this infrastructure which is at the end of its oil and gas production may be suitable for repurposing for energy transition projects involving the generation of Green H2 or for subsurface CO2 injection and monitoring. Read more… https://lnkd.in/gnEM_ewa The ROICE Program is giving a presentation at the Offshore Technology Conference (OTC) on May 8, 2024. Glenn Legge will be one of the presenters, come by and speak to us about the commercial and regulatory opportunities, and offshore structure suitability, for CO2 injection and storage. #OTC2024 #offshoreenergy #energy #greenenergy

As the energy sector progresses and aging offshore infrastructure is phased out, the significance of decommissioning contracts has never been greater. For those working on offshore projects, understanding these contracts is crucial for effective risk management and ensuring compliance. In his latest blog, Calum Crighton, our Head of Energy, discusses the legal challenges involved, including regulatory obligations, cost considerations, and liability allocation. Learn more in Calum's blog here: https://lnkd.in/dj9EE2sq #EnergyLaw #OffshoreIndustry #Decommissioning #GilsonGray

We're leading the energy transition - in this case, working with UH ROICE to create best practices in offshore repurposing. Check out the OTC presentation with Glenn Legge on Wednesday. And this article (first of many)... #OTC2024 #energytransition #offshore #aiimages

"Unlock success in your oil and gas projects with expert consulting services tailored to your needs. From exploration to production, we provide innovative solutions, risk management, and strategic planning to optimize efficiency and ensure sustainable growth. Partner with us for expertise that drives results and adds value to every stage of your project. Let's power progress together! #OilAndGas #ConsultingServices #EnergySolutions #ProjectManagement #Sustainability #InnovationInEnergy #StrategicPlanning #EnergyIndustryExperts"

Staying ahead of emerging risks is pivotal amidst global supply chain disruptions and evolving challenges for procurement professionals. This whitepaper explores the complexities of the oil and gas industry, providing valuable insights for proactive risk management and project cost efficiencies. Download the whitepaper for in-depth analysis and strategic solutions. #Procurement #RiskManagement #OilAndGasIndustry #CostEfficiency Proactively planning for procurement risk whitepaper (rystadenergy.com)

Battery Energy Storage Systems are experiencing a surge in popularity, particularly in addressing the escalating #energy demands of large-scale renewable and standalone utility applications. In addition to supporting the commercial and industrial sectors, #BESS is now recognized as a pivotal technology for enhancing grid stability and utility-scale projects. However, with such rapid growth comes several safety concerns. Without proper maintenance, BESS-related fires have become increasingly common as the power solution continues to grow in popularity. At Ensight Energy Consulting, our comprehensive BESS risk management strategy adheres to the latest practices, codes, and test methods- ensuring your peace of mind.   Explore our proven approach to safeguarding your #energystorage investment.

While energy and utilities leaders are primarily concerned with operational risks this year, according to Protiviti’s Top Risks Survey, they have identified a strategic risk—heightened regulatory changes and scrutiny—as one of the top risks for 2024.

While energy and utilities leaders are primarily concerned with operational risks this year, according to Protiviti’s Top Risks Survey, they have identified a strategic risk—heightened regulatory changes and scrutiny—as one of the top risks for 2024.