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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