Authored by Lee Shavel — President and CEO, Verisk When businesses assess risks, they often consider factors such as data breaches, operational disruption, compliance or reputational risk. Natural catastrophes aren’t likely at the top of the list, but inreasingly, extreme weather events are disrupting business operations and impacting the bottom line. According to a recent […]

MIDLAND, TEXAS – MARCH 12: Workers place pipe into the ground on an oil drilling rig set up in the … [+] Permian Basin oil field on March 12, 2022 in Midland, Texas. President Joe Biden imposed a ban on Russian oil, the world’s third-largest oil producer, which may mean that oil producers in the […]

384183 12: FILE PHOTO: A crowd gathers to watch a side gusher on Spindletop Hill in Beaumont, Texas … [+] which was the site of the first Texas oil gusher, January 10, 1901. Beaumont, in the southeast corner of Texas, will host a day of centennial celebrations January 10, 2001 to commemorate the event as […]

Oil companies drilling in Texas’ Permian Basin are having to adapt to falling output as acreage with … [+] the “top rock” runs out. (Photo by Spencer Platt/Getty Images) Getty Images American shale has been critical to keeping up with growth in global oil demand for the last decade, but that may not be the […]