Engineering

Oil and Gas Risk Assessment and Management

Editorial: IGI Global Publishing

ISBN: 9798337309606

Pub: 2025-01-01

Effective risk assessment and management in the oil and gas industry is vital for ensuring operational safety, environmental protection, and economic stability. As the industry faces increasing challenges from geopolitical uncertainties, fluctuating markets, and environmental regulations, implementing robust risk management practices helps mitigate potential disasters and financial losses. By leveraging advanced tools, organizations can better anticipate and respond to operational risks. This not only enhances the sustainability of energy production but also protects communities and ecosystems from the consequences of industrial accidents. Strengthening risk management practices supports long-term growth and resilience in the global energy sector.