How do Natural Disasters Affect the Oil and Gas Industry?

The world today runs on oil and gas as the two primary sources of energy. The oil exploration, mining, refinery, and distribution processes are, however, at the mercy of natural disasters. With the world faced with hundreds of different kinds of natural disasters each year, the industry, in general, has to take the necessary precautionary measures. Among the key measures taken on how to prepare for natural disasters in the energy industry include developing accurate data assessment, sharing, and simulation processes to predict occurrences. The industry is affected by natural disasters in three main ways.