GE Oil & Gas (NYSE: GE) today announced new global projects and product launches as part of its ongoing commitment to key growth regions, technology development and helping customers optimize their efficiency. The investments and projects span a range of sectors including subsea, gas compression and enhanced oil recovery.
“These announcements underscore GE Oil & Gas’ commitment to unlock value for our customers, whether it is providing advanced technology to help them improve performance, solving complex challenges in harsh environments or making oil fields more productive,” said GE Oil & Gas CEO Dan Heintzelman at the opening of the GE Oil & Gas 2013 Annual Meeting in Florence, Italy. More than 1,000 energy leaders are expected to attend the two-day conference, now in its 14 th year, to share ideas on how advanced technology is helping to meet the world’s growing demand for oil and gas.
“Global energy megatrends such as the acceleration of subsea exploration, the growth of unconventional fuels, the evolution and expansion of LNG and the impact of monitoring and diagnostics are fundamentally changing our industry,” Heintzelman added. “These megatrends, in turn, are driven by a rapid evolution of technology and capabilities that are unleashing enormous opportunities to find and deliver more fuel to those who need it and to help those who extract it do so in more efficient, cost-effective and environmentally responsible ways. Our Annual Meeting is a chance to bring the world’s energy experts together to discuss these developments and to show how GE is a partner in shaping this growth.”
Technology Solutions in Key Sectors and RegionsAs GE Oil & Gas continues to drive a localization strategy that focuses on developing projects in key growth regions and locating resources close to GE customers, today’s announcements range from Angola to the Middle East to the North Sea. To read the full press releases on each announcement, please click the links below.