GE Oil & Gas Company News

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LNG Expands Reach Through Virtual Pipelines
Suppliers are using virtual gas pipelines to extend their markets to areas which are either uneconomic or too difficult to reach.
7:00 PM EST | March 05, 2019
US Drillers Add Rigs for Second Consecutive Week
The US added a net total of two rigs this week.
7:00 PM EST | February 14, 2019
US Adds Seven Oil Rigs
The US saw an addition of seven oil rigs this week but saw a decline in gas rigs.
7:00 PM EST | February 07, 2019
Golden Pass Supply Contract Goes to BHGE
A McDermott-Chiyoda-Zachry JV will build the LNG export facility.
7:00 PM EST | February 06, 2019
US Adds 10 Oil Rigs
Following last week's deep declines, the US added a total of 10 oil rigs this week.
7:00 PM EST | January 24, 2019
US Drops 25 Oil and Gas Rigs This Week
This marks the third consecutive week of rig declines for the US.
7:00 PM EST | January 17, 2019
US Drops Four Oil Rigs This Week
The US oil rig count dropped by four this week, while the country added four gas rigs, keeping the total rig count flat.
7:00 PM EST | January 10, 2019
US Drops Eight Oil Rigs This Week
US drillers drop eight rigs this week as crude prices advance.
7:00 PM EST | January 03, 2019
US Adds Oil Rigs for Second Week in a Row
The US added two oil rigs this week, marking the second week of increases.
7:00 PM EST | December 27, 2018
US Drillers Add 10 Oil Rigs This Week
This week's oil rig count has increased for the first time in three weeks.
7:00 PM EST | December 20, 2018
US Oil Rig Count Drops for Second Week in a Row
US drillers cut four rigs this week.
7:00 PM EST | December 13, 2018
McDermott and BHGE Join Australia Gas Project
McDermott and BHGE have struck a deal with Western Gas to be the exclusive development partners for the Equus Gas Project.
7:00 PM EST | December 11, 2018
US Oil Rig Count Drops by 10
US drillers cut 10 rigs this week.
7:00 PM EST | December 06, 2018
Baker Hughes Inks Service Contract with Saudi Aramco
Baker Hughes inks a three-year well services contract with Saudi Aramco.
7:00 PM EST | December 04, 2018
US Adds Two Oil Rigs This Week
Despite crude oil prices falling below $50 this week, the US oil rig count increased.
7:00 PM EST | November 29, 2018
BHGE Introduces Cost-Saving Subsea Technology
Baker Hughes says the new technology can reduce the economic development point of subsea projects by 30%.
7:00 PM EST | November 28, 2018
US Adds Oil Rigs for Fifth Out of Sixth Weeks
This week's rig count marks the fifth out of six weeks that the nation has added oil rigs.
7:00 PM EST | November 15, 2018
GE Looks to Speed Up Separation from Baker Hughes
The companies agree to a deal which frees up GE to begin selling Baker Hughes stock.
7:00 PM EST | November 12, 2018
GE's Knack for Bad Timing Strikes Again
General Electric Co.'s plan to unravel its Baker Hughes stake smacks of desperation.
7:00 PM EST | November 12, 2018
US Drops Oil Rigs for First Time in Four Weeks
According to rig count data compiled by Baker Hughes, a GE Company, drillers cut one rig this week.
8:00 PM EST | November 01, 2018
Myanmar Shwe Contract Goes to McDermott, BHGE
A consortium of McDermott and BHGE has won a contract for the second phase of the Shwe gas field development offshore Myanmar.
8:00 PM EST | June 26, 2018
GE to Pursue 'Orderly Separation' from BHGE
GE plans to pursue an 'orderly separation' from BHGE over the next 'two to three years'.
8:00 PM EST | June 25, 2018
Chevron Awards BHGE Contracts for Next Gorgon Phase
The new equipment will facilitate a second development phase within the Greater Gorgon area offshore northwestern Australia.
8:00 PM EST | June 25, 2018
BHGE to Close Schertz Facility by End of Year
Turbomachinery & Process Gas Processing will be closing the doors of its facility in Schertz, Texas.
8:00 PM EST | June 24, 2018
GE to Close Facility; Lay Off Texas Workers
GE Oil and Gas plans to close a facility in Lufkin, Texas, which result in staff reductions.
8:00 PM EST | March 14, 2018
Digitization at Work: GE and Noble Launch Digital Rig
GE and Noble launch the world's first digital drilling vessel, which will detect potential failures 2 months before they occur and reduce OPEX by as much as 20%.
7:00 PM EST | February 21, 2018
BHGE CEO: Oil, Gas Industry Outlook 'A Lot Brighter' in 2018
The outlook for the oil and gas industry is a lot brighter now than it was in 2017.
7:00 PM EST | January 28, 2018
GE's Baker Hughes Adjusted Profit Beats On Higher N. America Demand
Baker Hughes reports 4Q revenue that beat analyst estimates and profit that modestly exceeded forecasts as growing US oil production spurred demand for its products.
7:00 PM EST | January 23, 2018
GE's 12,000 Job Cuts Highlight Uneasy Shift to Renewable Energy
GE points to the growth of renewables as a factor in its decision to cut jobs.
7:00 PM EST | December 07, 2017
Baker Hughes Clinches Integrated Services Contract For PNG Gas Field
Baker Hughes wins a major contract to provide a wide range of services to develop Papua New Guinea's first offshore gas field.
8:00 PM EST | August 07, 2017
GE Sinks as Oil Outlook Sputters, Marring End of Immelt's Tenure
Even in his final days as General Electric Co.'s CEO, Jeffrey Immelt can't escape the stench of oil.
8:00 PM EST | July 20, 2017
GE Wins US Antitrust Approval for Baker Hughes Tie-Up
GE wins approval from US antitrust officials to combine its oil and gas business with Baker Hughes.
8:00 PM EST | June 11, 2017
GE Floating $1.7 Billion Platform in Germany Shows Power of Wind
GE said it's ready to ship a $1.7B offshore wind platform destined for the North Sea, underscoring the industrial giant's commitment to clean power.
8:00 PM EST | June 01, 2017
GE's Chief Technology Officer Says Standardization is Key to Survival
GE's CTO Kishore Sundararajan discusses how technology can help shape more efficient operations and develop opportunities for a new workforce.
8:00 PM EST | May 23, 2017
Exec: GE Helping to Cultivate MENAT Oil & Gas Workforce
GE Oil & Gas working with NOCs, others to create more career opportunities for locals, exec tells Rigzone.
8:00 PM EST | May 03, 2017
GE CEO's Pay Falls 35% to $21.3 Million Amid Weak Oil Market
The weak oil and gas market, coupled with slow demand for locomotives, weighed on growth efforts last year for GE.
7:00 PM EST | March 07, 2017
Oil Industry Digitalization 'Way Behind' Aviation, Automobile Sectors
The oil and gas industry is way behind sectors like the aviation and automobile industries in terms of digitalization, according to Bob Dudley, BP plc's group chief executive.
7:00 PM EST | January 30, 2017
Digital Tech in Oil, Gas Could Reduce CAPEX by 20%
The effective use of digital technologies in the oil and gas sector could reduce capital expenditures (CAPEX) and operational cost by 20 percent and 5 percent, respectively.
7:00 PM EST | January 29, 2017
Steve Jobs of Oil Patch Carved Baker Hughes Path to GE Deal
Martin Craighead's knack for innovation helped turn Baker Hughes Inc. into a sort of Apple Inc. for oil services.
7:00 PM EST | January 25, 2017
GE to Transform Transocean Rigs for Condition-Based Maintenance
Through a new service agreement, GE will digitally upgrade seven Transocean rigs for conditional-based monitoring and maintenance.
7:00 PM EST | January 12, 2017
GE Oil and Gas Considering Further Cost-Cutting Measures
As the global oil glut continues, GE Oil and Gas look for ways to further reduce costs.
7:00 PM EST | December 19, 2016
Survey: Collaboration is Crucial for Future Success in North Sea
Collaboration is vital for the future success of the oil and gas industry in the North Sea, according to a survey from Oil & Gas UK and Deloitte.
7:00 PM EST | December 04, 2016
GE, Baker Hughes $30 Billion 'Shrewd Move' Could Avert Anti-Trust Issues
The GE-Baker Hughes deal could indicate a bounce ahead for troubled oilfield services sector.
8:00 PM EST | October 31, 2016
GE To Merge Oil Unit With Baker Hughes To Create Service Giant
General Electric says it would merge its oil and gas business with Baker Hughes creating the world's second-largest oilfield services provider.
8:00 PM EST | October 30, 2016
BLOG: Digital Technology Could Expand with GE-Baker Hughes Merger
The GE-Baker Hughes merger could expand the adoption of digital technology in the oil and gas industry.
8:00 PM EST | October 30, 2016
Baker Hughes-GE Talks Come After Difficult Time For Both Companies
Industrial giant General Electric Co and oilfield services company Baker Hughes, both beset by difficulties during oil's two-year price rout, may have a clear path out of the doldrums: join forces.
8:00 PM EST | October 27, 2016
GE Cuts Year Revenue Target On Oil, Gas Weakness, Has 3Q Profit Beat
GE beats analyst profit forecasts in the third quarter, but revenue growth remained sluggish, prompting the company to scale back expectations for full-year revenue and profit.
8:00 PM EST | October 20, 2016
GE Drones Are Coming to Squeeze More Savings From the Oil Patch
General Electric Co. finds solution for US oil and natural gas explorers struggling to save more money.
8:00 PM EST | October 04, 2016
GE O&G Confirms Deal to Supply Gas Compressors for Tangguh LNG Project
GE Oil & Gas confirms deal to supply gas compressors to BP for the Tangguh liquefied natural gas (LNG) expansion project in Papua Barat, Indonesia.
8:00 PM EST | September 14, 2016
GE Oil & Gas Bags Contract for BP's Tangguh Train 3 Project in West Papua
GE Oil & Gas secures a contract from BP to provide liquefaction components for the third train of the Tangguh liquefied natural gas (LNG) project in West Papua, Indonesia.
8:00 PM EST | September 13, 2016