Oil and gas

Upstream Capabilities
Midstream Capabilities
Downstream Capabilities
LNG

Upstream Capabilities

The upstream sector operates in an environment characterised by technical complexity, geopolitical uncertainty, evolving regulatory requirements and increasing stakeholder scrutiny. From exploration and appraisal through to development and production, organisations must navigate a wide range of strategic, operational and commercial risks.

We work with clients across the upstream value chain to help identify, assess and manage risk, supporting informed decision-making, operational resilience and effective risk transfer strategies.

Areas of expertise

  • Enterprise risk and strategic advisory
  • Exploration and development risk
  • Operational resilience
  • Stakeholder and partner engagement
  • Capital project risk management
  • M&A and transaction support
  • Risk financing and insurance programme design
  • Supply chain and contractor risk
  • Business interruption and revenue protection
  • Claims advocacy and loss management

What we cover

  • Exploration and appraisal activities
  • Onshore production assets
  • Offshore production assets
  • Conventional oil and gas developments
  • Unconventional resources
  • Floating production assets
  • Well operations and interventions
  • Drilling contractors and service companies
  • Joint venture operations
  • Asset acquisitions and divestments

Midstream Capabilities

Midstream businesses play a critical role in connecting production, transportation, storage and processing infrastructure across global energy markets. As supply chains become increasingly interconnected, resilience, reliability and operational performance remain key priorities.

Our team helps clients understand and manage risk across complex infrastructure networks, supporting long-term asset performance, stakeholder confidence and sustainable commercial outcomes.

Areas of expertise

  • Infrastructure and operational risk
  • Enterprise risk management
  • Supply chain resilience
  • Critical asset protection
  • Contractual risk allocation
  • Stakeholder management
  • Business continuity planning
  • Risk financing strategies
  • Insurance programme optimisation
  • Claims management and advocacy

What we cover

  • Pipeline infrastructure
  • Gas transportation networks
  • Gathering systems
  • Storage terminals
  • Processing facilities
  • Compression facilities
  • Export and import infrastructure
  • Bulk liquid storage
  • Transportation and logistics operations
  • Integrated midstream networks

Downstream Capabilities

The downstream sector faces a rapidly evolving market landscape driven by changing energy demand, regulatory developments, decarbonisation objectives and increasing operational complexity. Organisations are balancing traditional operations with the need to adapt to emerging technologies and changing customer expectations.

We support clients across downstream operations by providing strategic risk insight, industry expertise and insurance solutions that help strengthen resilience, support growth and protect long-term value.

Areas of expertise

  • Enterprise and operational risk
  • Asset integrity and resilience
  • Strategic transformation and change
  • Supply chain management
  • Stakeholder engagement
  • Business continuity planning
  • Decarbonisation and transition considerations
  • Risk financing and insurance strategy
  • Programme optimisation
  • Claims and loss management

What we cover

  • Refineries
  • Petrochemical facilities
  • Fuel terminals
  • Distribution networks
  • Storage facilities
  • Marketing and retail operations
  • Fuel supply infrastructure
  • Chemical processing facilities
  • Industrial manufacturing operations
  • Integrated downstream businesses

LNG

Liquefied Natural Gas (LNG) continues to play a vital role in supporting energy security, international trade and the transition to a lower-carbon energy mix. Operating across global supply chains and complex infrastructure networks, LNG stakeholders face a range of strategic, operational and commercial challenges.

Our team works with clients across the LNG value chain, helping them understand, manage and transfer risk throughout the lifecycle of their assets and operations. Combining deep sector knowledge, strategic risk insight and insurance expertise, we support organisations in enhancing resilience, strengthening stakeholder confidence and achieving sustainable business outcomes.

Areas of expertise

  • Enterprise risk and strategic advisory
  • Project development and investment support
  • Construction and operational risk management
  • Stakeholder and lender engagement
  • Supply chain resilience
  • Commercial and contractual risk
  • Risk financing and insurance programme design
  • Business interruption exposures
  • M&A and transaction support
  • Claims advocacy and dispute resolution
  • Energy transition and decarbonisation considerations
  • International programme solutions

What we cover

  • LNG import terminals
  • Liquefaction facilities
  • Regasification facilities
  • Floating LNG (FLNG) assets
  • Floating Storage and Regasification Units (FSRUs)
  • LNG storage infrastructure
  • LNG transportation and shipping
  • Associated pipeline infrastructure
  • Greenfield and brownfield LNG developments
  • LNG export terminals

Points of contact

Mike Ellis

Head of Oil & Gas

E: michael.ellis@lockton.com

Jonathan Cowan

Client Executive

E: jonathan.cowan@lockton.com

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