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Stock Market & Financial Investment News

News Breaks
July 21, 2014
08:16 EDTRDS.A, APC, COP, FTI, BPFMC Technologies signs agreement to develop susbsea equipment and systems
FMC Technologies (FMC) announced that it has signed an agreement which establishes a joint industry program that includes Anadarko Petroleum (APC), BP (BP), ConocoPhillips (COP) and Shell (RDS.A) for the purpose of jointly developing a new generation of standardized subsea production equipment and systems. FMC Technologies brings four operators together to jointly develop subsea equipment and systems that will meet the technical challenges of high pressures and temperatures, and will serve to improve overall deepwater development through the standardization of materials, processes, and interfaces, as well as the enhancement of reliability and operability.
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