The security of oil and gas (O&G) infrastructures is a priority for the global energy industry. Rising demand for O&G and new facility constructions have boosted the security industry growth, as any operational disruption of a major facility can adversely affect the global economy.
• The O&G industry is most vulnerable to terrorist attacks due to its strategic nature, materials it handles, and the impact it can have across the world.
• Its entire value chain, ranging from exploration, production, refining, and pipeline transport to distribution, is at risk of such attacks. Similar incidents in the past have generated security awareness, increasing the adoption of the latest technology and security solutions across global facilities.
• The Russo-Ukrainian War is impacting global oil trade, and investments to protect O&G infrastructure in the long term are evident.
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