OPERATIONS

Equipment standards cost push 

THE world's oil and gas supermjaors are looking ahead and planning more cost cuts in the form of industry standardisation of 40 pieces of equipment, according to a Bloomberg report from the World Economic Forum held in Davos, Switzerland. 

 Supermajors plan collaboration for cost cuts.

Supermajors plan collaboration for cost cuts.

BP, Shell, Total, Statoil, Saudi Aramco, Chevron Corporation and Repsol are the main collaborators.    Oil prices might have recovered, but will continue to fluctuate and oil companies are preparing...

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