By Rex W. Tillerson, Chairman and CEO, Exxon Mobil Corporation
By Rodolfo Guzmán, Santos Cohen and Román Vélez of Arthur D Little.
With record demand for oil and gas combined with a relatively unstable political environment in parts of the world, the industry is seeking to rapidly expand its spending and efforts to find, develop, and produce oil and gas at higher levels.
When hurricane Katrina hit the Gulf coast in August 2005 few could have predicted the devastation it would leave behind, only to be swiftly followed by hurricane Rita.