PracticePeople In PracticeOil companies develop XML

Oil companies develop XML

Some of the world's leading oil companies are to collaborate on developing standards using XML.

The move is part of a trend for collaboration within individual industries. The oil giants have set themselves a target of three months to develop and implement an XML standard for exchanging North Sea oilwell data for a variety of business processes. Chris Harris-Jones, consultant at analyst Ovum, said organisations would increasingly get together and agree business standards for XML.

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XBRL in bid to accelerate development

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