Ed. Note: What could possibly go wrong?

http://www.lse.co.uk/AllNews.asp?code=zoccgbb1&headline=BP_And_Shell_Join_Deepwater_Production_Equipment_Industry_Initiative

LONDON (Alliance News) – BP PLC and Royal Dutch Shell PLC Monday signed an agreement to establish an industry initiative to develop a new generation of standardized, subsea production equipment designed to produce oil and gas from deepwater reservoirs.

The agreement, which also includes the US’s Anadarko Petroleum Corp and ConocoPhillips Ltd, was announced by US oil services company FMC Technologies Inc.