Standardisation25 Jan 2018 19:52
"The world�s biggest 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, Bloomberg reports.
"Standardization could save the oil and gas industry hundreds of millions of dollars every year," BP CEO Bob Dudley says in an interview at the World Economic Forum in Davos.
The companies plan to expand their list of standardized kit to 40 from the initial four items agreed on when they started their collaboration in 2016, according to the report; the initiative includes BP, Royal Dutch Shell (RDS.A, RDS.B), Total (NYSE:TOT), Statoil (NYSE:STO), Repsol (OTCQX:REPYF, OTCQX:REPYY), Chevron (NYSE:CVX) and Saudi Aramco."
Many of the above are Plexus customers. Should Pos Grip be adopted by the industry then I would anticipate a re rating or bid. If it is ignored then there is still the small matter of �15 million coming this way soon. Its frustrating to see small sells eroding the price but I feel there is some chance of a double digit return in 2018.