DAVOS (Bloomberg) -- The world’s largest energy companies plan to significantly widen a two-year effort to standardize the kit they use to pump oil and gas, hoping they can deliver significant cost savings, said people familiar with the matter.
The discussions, scheduled on Wednesday for a closed-door meeting at the World Economic Forum in Davos, are the latest sign companies are seeking to tighten their belts permanently even as oil prices recover. Bespoke equipment designed on a project-by-project basis was common during the decade-long boom in crude prices, but looks less affordable after the industry’s worst downturn in a generation.
Something interesting to share?
Join NrgEdge and create your own NrgBuzz today
high efficiency oil boiler - Boyle Energy Provide best Oil Furnace Repair & Installation experts. We also provide free installation estimates for new High Efficiency oil furnaces. Oil furnaces & boilers with high efficiency save your energy & money over time
oil hot water boiler - Upgrading to a high efficiency furnace or boiler is an effective way to save cost and energy. Boyle Energy present this opportunity to deliver high performance and exceptional fuel efficiency and economically significant.