Watching the World: Every little bit helps

02/18/2002
Having spent some time recently listening to the directors of the major oil companies reveal their annual profits and aspirations for the coming year, one could be forgiven for thinking that the oil industry deals only in dollars and pounds by the billion.However, the reality is that the development of new technologies by dedicated individuals working in the backrooms of the industry involves much smaller sums.Offshore researchThe United Kingdom Offshore Operators Association (UKOAA) has announced that its members last year collectively committed The funding has been secured through the oil and gas Industry Technology Facilitator (ITF), which promotes the development of innovative technol...
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