BG Group, KBR, form alliance to streamline operations in low oil price environment. Both companies signed a deal to form a single-partner alliance that extends through at least 2021. KBR under the terms of the deal provides technical support and management expertise to front end engineering and design work for BG’s portfolio in the exploration and production sector. “In a lower oil price environment, this is an important aspect of the alliance which enables BG Group to help minimize its fixed costs whilst retaining access to high value technical expertise and support,” the company statement read. Energy companies, and those in secondary industries like steel, are cutting back on spending as oil continues to trade in a bear market. BP, which cut staff from its North Sea division and enacted a pay freeze to cope with the low price environment, this week announced it was […]