The oil and gas sector has been unevenly impacted by the global economic downturn which has created new risks for the industry. In addition to the ubiquitous operational risks, the top risks for the oil and gas industry include access to reserves, uncertainty around energy policy and price volatility.

Political issues, including resource nationalism, the growth of land areas designated as environmentally sensitive, and concerns about energy security have made it increasingly difficult for companies to secure their future. Operating in politically uncertain regions can expose companies to challenges such as unpredictable government interference, changing fiscal regimes, annulment of contracts or civil unrest.