The loadless timer does not work on the 1.2 version of the game which is the version needed to run Knights of the Nine and Shivering Isles. This workaround should fix this issue.

1. In Livesplit, go to edit splits and deactivate the the loadless timer.
2. Go to edit layout and add a section for "scriptable auto splitter."
3. Add this file ( https://cdn.discordapp.com/attachments/84077582114361344/401138450180603915/Oblivion1.2.asl ) to the destination of the "scriptable auto splitter" section.