GE Energy Company News

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Rosneft Reveals New Alliance with GE
Russian state oil firm Rosneft announces new alliance with GE, while also updating on its strategic alliances with ExxonMobil and Statoil.
8:00 PM EST | June 20, 2013
Trap Oil Agrees Debt Deal to Fund North Sea Assets
Trap Oil has arranged a $20 million debt facility with GE Energy Financial Services to fund appraisal and development of its North Sea Assets.
7:00 PM EST | January 29, 2013
AGT: Australia's LNG Industry Lacks Engineers Over 5-Year Period
Australia faces the duo challenges of producing more engineers for the LNG industry and retaining its graduate talent-pool.
8:00 PM EST | July 24, 2012
PRE Resources, GE Unit to Purchase Rocky Mountain Reserves
Expanding their Rocky Mountain oil and gas reserves footprint, PRE Resources is teaming up with GE Energy Financial Services to buy more than 100 producing wells and undeveloped acreage across 29 fields in Wyoming and Colorado.
8:00 PM EST | October 12, 2011
GE O&G Names New CEO
GE Energy announced that Dan Heintzelman, currently CEO of GE Energy Services, has been named CEO of GE Oil & Gas.
8:00 PM EST | July 12, 2011
GE Oil & Gas Adds to Drilling & Production Portfolio
GE Energy's Oilfield Technology business has been realigned from GE Energy Services to GE Oil & Gas.
7:00 PM EST | February 02, 2010
Haynesville System Ready to Flow Gas in Next 2 Weeks
The 121-mile Haynesville Expansion Project in North Louisiana, expected to be completed under budget, will transport gas from the Haynesville Shale, one of the fastest growing U.S. natural gas fields.
7:00 PM EST | January 11, 2010
GE's Special Engine Design Helps Russian Producers Reduce Flare Emissions
GE Energy is supplying 12 of its Jenbacher gas engines to support Russian oil and gas producer Monolit LLC's project to reduce emissions by utilizing previously wasted gas at a Western Siberian production facility.
8:00 PM EST | March 10, 2009
GE Farms-in to Proven New Mexico Reserves
GE Energy Financial Services has formed a partnership with TriTex Energy, LLC to acquire proved oil and gas reserves in southeastern New Mexico for $31 million.
7:00 PM EST | November 03, 2008
New Qatari Agreements Bring GE's Site Commitments to $1B
GE Energy has signed a new service agreement with RasGas covering two LNG trains and Al-Khaleej Gas Plant-2 at RasGas' LNG and gas production complex in Qatar. This brings GE's total commitment at the site to more than $1 billion.
8:00 PM EST | June 24, 2008
GE Energy Relocates Operation Center to Calgary
GE Energy's Oilfield Technology business will relocate its Canadian operations from the existing NE Calgary site to Calgary to allow for its continued growth, announced Jim Junker, chief operating officer of the Oilfield Technology Business.
8:00 PM EST | June 09, 2008
GeoResources to Invest $91M in Oklahoma Oil & Gas Reserves
Partnering for a third time, GE Energy Financial Services, a unit of GE, and GeoResources, Inc, are investing up to $90.5 million to acquire and develop proven producing oil and gas reserves in Oklahoma.
8:00 PM EST | June 01, 2008
GE Energy Introduces Innovative Formation Logging Tools at OTC
The system offers the integration of high-end formation evaluation sensors into turnkey systems that are reliable and easy to maintain.
8:00 PM EST | May 06, 2008
Sevan Signs Agreement for $300 Million Bank Facility
The FPSO Sevan Voyageur, the third unit in its class, is expected to be installed on the Shelley Field in the UK's central North Sea during the fourth quarter of this year.
8:00 PM EST | May 05, 2008
GE Energy et al Boost Production 30,000 Barrels
GE Energy et al to deploy an innovative cylindrical floating oil production, storage and offloading unit that can process 30,000 barrels of crude oil per day and store 300,000 barrels.
8:00 PM EST | May 04, 2008
GE Energy to Build New Technology Center in Saudi Arabia
With an investment of SAR280 million ($75 million USD), the center will span 125,000 square feet and expand GE Energy's capabilities to serve its customers in the region.
8:00 PM EST | April 27, 2008
GE, WestLB Oversubscribe Syndication for Peregrine I
Syndication has been completed for the debt facilities supporting the acquisition financing for the Peregrine I drillship.
8:00 PM EST | April 17, 2008
Sondex Names Kolaric Business Development Manager
Sondex Oilfield Technology, the latest addition to GE Energy, has named Goran Kolaric as the Business Development Manager for the Europe and Africa regions, announced Martin Perry, Sondex Chief Executive.
7:00 PM EST | February 24, 2008
Isramco to Acquire U.S. Oil and Gas Properties for $102 Million
The transaction includes mainly operated oil and natural gas properties in approximately 40 fields in East Texas, the Texas Gulf Coast, Permian, Anadarko and San Juan Basins.
7:00 PM EST | February 21, 2008
GE Energy Finances Drillship Deal
In its first equity investment in offshore drilling, GE Energy Financial Services, a unit of GE, will invest $54 million and co-finance the acquisition of a deepwater drillship working off the coast of Brazil.
7:00 PM EST | December 17, 2007
GE Completes Acquisition of Sondex
GE expands its capability and expertise in oil & gas drilling and wireline technology with the acquisition of Sondex.
8:00 PM EST | October 25, 2007
Sondex Receives Acquisition Offer From GE Energy
The Board of Directors of Sondex, a leading supplier of downhole technology to the oil and gas industry, has received an acquisition offer from GE Energy.
8:00 PM EST | September 02, 2007
GE Partners with Norway's AGR Pipetech in Pipeline Inspection
GE Oil & Gas' PII Pipeline Solutions division has signed a pipeline inspection alliance with AGR Pipetech AS as part of the companies' strategy to expand the breadth of inspection service offerings and compete for more projects around the world.
8:00 PM EST | August 05, 2007
GE, Partners Acquire Reserves in Texas and Oklahoma
GE Energy Financial Services has partnered with two experienced operators to acquire $154 million in oil and gas reserves in Oklahoma and Texas.
8:00 PM EST | May 07, 2007
GE Buys Stake in Salt Dome Storage Project
GE Energy Financial Services is making its first investment in natural gas storage, acquiring a preferred equity interest in an underground salt dome storage project in Louisiana for $65 million from Haddington Energy Partners III LP.
7:00 PM EST | February 20, 2007
Woodward Signs Supply Agreement with GE Energy
Woodward Governor Company has signed a four-year supply agreement with GE Energy to provide gas turbine components and systems for the power generation industry.
7:00 PM EST | November 28, 2006
Statoil Awards Turbine Maintenance Contracts
Statoil, together with Hydro and ExxonMobil, has awarded two maintenance contracts to Norwegian GE Energy Services and MTU Maintenance Berlin-Brandenburg of Germany.
7:00 PM EST | October 29, 2006
GE, Sunland to Acquire and Develop Louisiana Fields
GE Energy Financial Services and Sunland Resources, LLC announced today the acquisition of natural gas and oil reserves in northern Louisiana for $101 million.
8:00 PM EST | October 25, 2006
Clayton Williams Energy, GE Energy Financial Services Acquire Acreage
Clayton Williams Energy, Inc. and GE Energy Financial Services announced late Monday that an affiliated partnership, West Coast Energy Properties, L.P., has acquired certain producing oil and gas assets in California and Texas for $58 million.
8:00 PM EST | August 14, 2006
GE Invests $175 Million in Oilfield Services
Expanding its investments in oilfield services, GE Energy Financial Services announced Friday that, through its affiliates, it has provided a total of US$175 million to three Canadian companies.
8:00 PM EST | July 20, 2006
GE Energy Financial Provides Debt Facility for Trinidad Drilling
Pursuing growth in oilfield services and in Canada, GE Energy Financial Services has closed an expanded syndicated loan facility it structured for Trinidad Drilling.
8:00 PM EST | April 19, 2006
GE Supplies Gas Injection Technology for Caspian Sea Project
Agip KCO has awarded GE Energy a contract to supply an ultra high-pressure, sour gas injection system for the Kashagan oil field in the North Caspian Sea.
7:00 PM EST | December 27, 2004
GE Wins Equipment Contract for Expansion of Rasgas LNG Plant
GE Energy's oil and gas business has been selected to supply major rotating equipment for Train 5, the latest expansion of the RasGas (II) facility owned by Ras Laffan Liquefied Natural Gas (LNG) Company Ltd. in the State of Qatar.
8:00 PM EST | October 13, 2004
GE Extends Pipeline Inspection Pact with German Reseachers
GE Energy's oil and gas division is extending through October 2006 its partnership with one of Germany's leading research centers to develop new technology used in pipeline inspection tools.
8:00 PM EST | September 21, 2004
Petrobras to Use GE Compression Modules on P51
GE Energy has signed a contract of more than US$50 million to supply two compression modules to Petrobras Netherlands BV for a new floating production unit to be located in the Campos Basin, off the coast of Brazil.
8:00 PM EST | August 26, 2004
GE Energy & Rasgas Sign Long-Term Service Agreement
GE Energy has signed a long-term pipeline services agreement with the RasGas Company Limited in Qatar.
8:00 PM EST | July 21, 2004
Petrobras Selects GE Compression Modules for P51
GE Energy has signed a contract for more than US$50 million to supply two compression modules to Petrobras Netherlands BV for a new floating production unit (FPU) to be located in the Campos Basin, off the coast of Brazil.
8:00 PM EST | July 21, 2004
GE to Supply 2nd Compressor for New LNG Plant in Indonesia
GE Energy has received a contract to supply a second compressor train for the new Tangguh LNG Project in Bintuni Bay Regency, Papua Province, Indonesia.
8:00 PM EST | July 13, 2004
GE Energy Enhances BP Alaska Process & Pipeline Stability
GE Energy successfully completed the retrofit of a Rolls Royce RB-211 aeroderivative turbine with GE's Mark VI at BP Exploration's Alaskan Central Gas Facility.
8:00 PM EST | June 10, 2004
GE Energy Wins Inspection Contract for Mexican Pipeline
GE Energy has received a multimillion dollar, six-year contract to provide maintenance and inspection services for the new San Fernando Pipeline in northeastern Mexico.
8:00 PM EST | June 08, 2004
GE Energy Introduces Resistivity Tool for Down Hole Drilling
GE Energy's oil and gas systems business introduced the Centerfire(tm) Resistivity System at the Global Petroleum Show. GE Energy also announced that Drillog Petro-Dynamics Limited, a Nigeria-based energy company, would take delivery of the first Centerfire system in June 2004.
8:00 PM EST | June 08, 2004
GE Energy to Acquire ChevronTexaco's Gasification Business
GE Energy and ChevronTexaco announced plans for GE Energy to acquire ChevronTexaco's gasification technology business.
8:00 PM EST | May 11, 2004
GE Energy and Rasgas Sign Long-Term Service Agreement
GE Energy has signed a long-term pipeline services agreement with RasGas Company Limited in Qatar.
8:00 PM EST | May 11, 2004