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100 largest losses in the hydrocarbon industry

Marsh is pleased to present the 27th edition of the 100 largest losses in the hydrocarbon industry (100LL). This edition of our biennial publication summarises the 100 largest property damage losses from the hydrocarbon extraction, transport, and processing industry between 1974 and 2021.

The report includes details of the costliest incidents in the energy industry, and is an opportunity to revisit lessons from the past. It allows us to look back at the industry’s history, identify key issues and trends from large losses, and understand whether the industry is making progress on improving operations and risk management practices.

By reflecting and learning from the past, and continually reviewing and challenging our notions of best practice, we can build the resilience that the whole industry wants, and needs, to achieve.

The 100 largest losses interactive map

Also in this publication

100 largest losses in the hydrocarbon industry

This edition also reflects on the past two years and provides insight to energy industry professionals on the range of losses that can occur, the diversity of potential root causes, the fallibility of prevention measures, and the scale of potential consequences.

Our people

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Jane Smith

Head of Energy and Power, Pacific

  • Australia

Jane Smith is the head of Marsh’s Energy and Power Practice in the Pacific. She has more than 36 years’ experience in the insurance industry and has worked with some of Marsh’s largest Australian and global clients. She has spent the majority of her career working in the energy, power, and utilities industry and has an excellent understanding of the issues and complexities in the sector. She spends the majority of her time utilizing her experience and expertise to help our major clients drive strategic outcomes. She is the recipient of multiple industry awards.

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Andrew George

Global Head, Energy & Power, Marsh Specialty

  • United Kingdom

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Guy Bessis

Global Head Sales, Energy & Power, Marsh Specialty

  • United Arab Emirates

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Jack Wishart

Risk Engineer, Energy & Power, Marsh Specialty

  • United Arab Emirates

Marsh Specialty has more than 800 energy and power specialist advisors, risk engineers and brokers around the world. Connect with us to discuss effective risk management solutions for your business.

Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.”