Oil and gas operations play a significant role in the global energy landscape, powering economies and fueling growth. However, with these benefits come inherent risks and liabilities that can have far-reaching consequences. In this blog post, we will explore some of the critical risks and liabilities faced by the oil and gas industry, delving into environmental, legal, financial, and social aspects. Oil Spills and Environmental Contamination One of the most notorious risks associated with oil and gas operations is the potential for oil spills and environmental contamination. These incidents can lead to catastrophic consequences for ecosystems, wildlife, and communities surrounding the affected areas. The aftermath of an oil spill can…