3 ways Offshore can reduce operating costs

When the oil price drops below a certain point, it simply stops being worth the investment required for operators to extract it from the sea bed. Operators might be not be able to control the oil price, but they can control their operating costs, and set therefore the level the oil price needs to be...
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oil industry must collaborate to achieve standardisation

The need for much more standardisation in the oil industry has been a key concern for more than a decade, although to date headway has been slow In recent years, individual operators have been reluctant to agree on common systems and methods, even if billions of dollars of savings were being passed up around the...
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GE and McDermott launch io oil & gas consulting

io is a new model of consulting in offshore field developments. GE Oil & Gas (NYSE: GE) (“GE”) and McDermott International, Inc. (NYSE: MDR) (“McDermott”) today launched io oil & gas consulting, a new independent venture to transform the development of front-end solutions for offshore fields. io aims to deliver greater certainty into the design...
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