Specifically, both industries have knowledge to share in preventing so-called "black swan" events, essentially low-probability but catastrophic occurrences that can set the industry back years, the partners said at a signing ceremony and news conference held at Houston's Johnson Space Centre.

Both industries work in harsh conditions and remote environments, deal with complex engineered systems, possess a culturally diverse workforce and rely heavily on contractors, said David Traylor, a principal at Deloitte's risk strategy division, which wanted to expand its services to oil and gas industry.

"We