GE Oil & Gas and Baker Hughes today (3 July) completed their planned merger, which will create an entity that offers GE’s digital solutions and Baker Hughes domain expertise as oilfield services provider. Source…
General Electric’s (GE) investment arm GE Ventures on Tuesday announced the startup of Avitas Systems, which will use predictive data analytics, robotics, and artificial intelligence to deliver advanced inspection services to the oil and gas…
Baker Hughes and GE are one step closer to closing their proposed merger, after reaching an agreement with the US Department of Justice (DOJ), allowing the two companies to complete their proposed transaction under US law. Image from Baker Hughes…
General Electric Co. (GE) Chairman and CEO Jeff Immelt – who transformed the company into a digital industrial portfolio aligned to oil and gas and other key markets – will step down as CEO and retire from the company at year-end 2017. Immelt…
Baker Hughes and GE have gained clearance from the European Commission (EU) for the duo’s proposed merger. “The companies remain confident in the value that the combined company will deliver to its customers, employees, shareholders and to the oil and gas industry…
GE has upgraded its ProSolv WI8581 wax inhibitor for offshore and onshore oil and gas production. Wax inhibitors help producers maintain an uninterrupted flow of crude oil. GE's upgraded product is highly concentrated and winterized to improve efficiency and cost-effectiveness…
Statoil has selected a consortium led by GE Water & Process Technologies and Halvorsen TEC to supply a complete seawater sulfate removal unit (SRU) to help protect production wells in Statoil’s Johan Castberg project in the Barents Sea, offshore Norway…
GE Oil & Gas opened a new facility in Takoradi Port, Ghana, that will be the primary service center for its deepwater offshore projects in Ghana. The facility has a 1600sq m indoor test area with capability for testing three subsea trees (XTs) simultaneously…
BP and GE Oil & Gas announced the start-up of Plant Operations Advisor (POA), a new digital solution designed to improve the efficiency, reliability and safety of BP’s oil and gas production operations. POA is already helping BP manage the…
GE and Baker Hughes are teaming up to form the “new” Baker Hughes, a company that will be led by current GE Oil & Gas CEO Lorenzo Simonelli and have dual headquarters in Houston and London. Image of Simonelli…
GE Oil & Gas has signed a major agreement with MODEC, an owner/operator and engineering, procurement, construction and installation general contractor of floating production systems including floating production storage and offloading (FPSO)…
Oil major Shell has completed system testing of the Ormen Lange subsea compression pilot in Norway, technology provider GE Oil & Gas has said. GE says it is the world’s first subsea gas compression system with a full subsea power supply…
India’s Oil and Natural Gas Corp. (ONGC), awarded a multimillion dollar contract to GE Oil & Gas to provide an estimated 55 subsea wellheads (SG5) over the next three years for ONGC’s offshore drilling campaign, in shallow to medium waters offshore India…
GE Oil & Gas subsidiary, PT. VetcoGray Indonesia, has been awarded a field decommissioning contract with Premier Oil Indonesia, to support the shut-down of four subsea wells in the Anoa field, offshore Indonesia. The deal will see GE…
GE’s Marine Solutions business and Sembcorp Marine entered a deal for GE is set to provide technology for Heerema’s new Sleipnir semisubmersible crane vessel. At 220m long and 102m wide, Sleipnir is to become the world’s largest crane vessel…
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