GE Oil & Gas Company News
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Myanmar Shwe Contract Goes to McDermott, BHGE
Wednesday, June 27, 2018 A consortium of McDermott and BHGE has won a contract for the second phase of the Shwe gas field development offshore Myanmar.
GE to Pursue 'Orderly Separation' from BHGE
Tuesday, June 26, 2018 GE plans to pursue an 'orderly separation' from BHGE over the next 'two to three years'.
Chevron Awards BHGE Contracts for Next Gorgon Phase
Tuesday, June 26, 2018 The new equipment will facilitate a second development phase within the Greater Gorgon area offshore northwestern Australia.
BHGE to Close Schertz Facility by End of Year
Monday, June 25, 2018 Turbomachinery & Process Gas Processing will be closing the doors of its facility in Schertz, Texas.
GE to Close Facility; Lay Off Texas Workers
Thursday, March 15, 2018 GE Oil and Gas plans to close a facility in Lufkin, Texas, which result in staff reductions.
Digitization at Work: GE and Noble Launch Digital Rig
Thursday, February 22, 2018 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%.
BHGE CEO: Oil, Gas Industry Outlook 'A Lot Brighter' in 2018
Monday, January 29, 2018 The outlook for the oil and gas industry is a lot brighter now than it was in 2017.
GE's Baker Hughes Adjusted Profit Beats On Higher N. America Demand
Wednesday, January 24, 2018 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.
GE's 12,000 Job Cuts Highlight Uneasy Shift to Renewable Energy
Friday, December 08, 2017 GE points to the growth of renewables as a factor in its decision to cut jobs.
Baker Hughes Clinches Integrated Services Contract For PNG Gas Field
Tuesday, August 08, 2017 Baker Hughes wins a major contract to provide a wide range of services to develop Papua New Guinea's first offshore gas field.
GE Sinks as Oil Outlook Sputters, Marring End of Immelt's Tenure
Friday, July 21, 2017 Even in his final days as General Electric Co.'s CEO, Jeffrey Immelt can't escape the stench of oil.
GE Wins US Antitrust Approval for Baker Hughes Tie-Up
Monday, June 12, 2017 GE wins approval from US antitrust officials to combine its oil and gas business with Baker Hughes.
GE Floating $1.7 Billion Platform in Germany Shows Power of Wind
Friday, June 02, 2017 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.
GE's Chief Technology Officer Says Standardization is Key to Survival
Wednesday, May 24, 2017 GE's CTO Kishore Sundararajan discusses how technology can help shape more efficient operations and develop opportunities for a new workforce.
Exec: GE Helping to Cultivate MENAT Oil & Gas Workforce
Thursday, May 04, 2017 GE Oil & Gas working with NOCs, others to create more career opportunities for locals, exec tells Rigzone.
GE CEO's Pay Falls 35% to $21.3 Million Amid Weak Oil Market
Wednesday, March 08, 2017 The weak oil and gas market, coupled with slow demand for locomotives, weighed on growth efforts last year for GE.
Oil Industry Digitalization 'Way Behind' Aviation, Automobile Sectors
Tuesday, January 31, 2017 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.
Digital Tech in Oil, Gas Could Reduce CAPEX by 20%
Monday, January 30, 2017 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.
Steve Jobs of Oil Patch Carved Baker Hughes Path to GE Deal
Thursday, January 26, 2017 Martin Craighead's knack for innovation helped turn Baker Hughes Inc. into a sort of Apple Inc. for oil services.
GE to Transform Transocean Rigs for Condition-Based Maintenance
Friday, January 13, 2017 Through a new service agreement, GE will digitally upgrade seven Transocean rigs for conditional-based monitoring and maintenance.
GE Oil and Gas Considering Further Cost-Cutting Measures
Tuesday, December 20, 2016 As the global oil glut continues, GE Oil and Gas look for ways to further reduce costs.
Survey: Collaboration is Crucial for Future Success in North Sea
Monday, December 05, 2016 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.
GE, Baker Hughes $30 Billion 'Shrewd Move' Could Avert Anti-Trust Issues
Tuesday, November 01, 2016 The GE-Baker Hughes deal could indicate a bounce ahead for troubled oilfield services sector.
GE To Merge Oil Unit With Baker Hughes To Create Service Giant
Monday, October 31, 2016 General Electric says it would merge its oil and gas business with Baker Hughes creating the world's second-largest oilfield services provider.
BLOG: Digital Technology Could Expand with GE-Baker Hughes Merger
Monday, October 31, 2016 The GE-Baker Hughes merger could expand the adoption of digital technology in the oil and gas industry.
Baker Hughes-GE Talks Come After Difficult Time For Both Companies
Friday, October 28, 2016 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.
GE Cuts Year Revenue Target On Oil, Gas Weakness, Has 3Q Profit Beat
Friday, October 21, 2016 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.
GE Drones Are Coming to Squeeze More Savings From the Oil Patch
Wednesday, October 05, 2016 General Electric Co. finds solution for US oil and natural gas explorers struggling to save more money.
GE O&G Confirms Deal to Supply Gas Compressors for Tangguh LNG Project
Thursday, September 15, 2016 GE Oil & Gas confirms deal to supply gas compressors to BP for the Tangguh liquefied natural gas (LNG) expansion project in Papua Barat, Indonesia.
GE Oil & Gas Bags Contract for BP's Tangguh Train 3 Project in West Papua
Wednesday, September 14, 2016 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.
GE to Bring Data Analytics to MODEC FPSOs Offshore Brazil
Friday, September 09, 2016 GE will supply and maintain gas turbines for several MODEC FPSOs based offshore Brazil.
GE Oil & Gas Secures Wellhead Services Contract with ONGC
Tuesday, August 23, 2016 GE Oil & Gas secures a multi-million dollar frame agreement with Oil and Natural Gas Corporation Limited (ONGC), India's largest exploration and production company.
Examining the Rewards and Challenges of Modern Oil and Gas Jobs
Tuesday, July 26, 2016 Three workers share their unique insights on modern oil and gas jobs.
Operations as a Science May Benefit Offshore Exploration, Production
Monday, June 27, 2016 GE and Shell see benefits for the exploration and production sector in the 'Operations as a Science' approach.
GE Cutting Hundreds of Jobs in Texas
Tuesday, June 07, 2016 GE Oil & Gas cuts hundreds of jobs at facilities in Lufkin, Texas.
GE, Saudi Aramco to Invest in Forging, Casting Facility
Friday, June 03, 2016 GE will partner with Saudi Aramco and Cividale to construct a first-of-its-kind forging and casting facility to serve the Middle East and North African energy and maritime sectors.
JDR Bags Subsea Deal from GE Oil & Gas for India's Vashishta & S1 Project
Wednesday, May 25, 2016 JDR bags a subsea contract from GE Oil & Gas for the Oil & Natural Gas Corp.-operated Vashishta & S1 project offshore India's east coast.
GE Agrees to $3B Saudi Arabia Investments Outside of Crude
Monday, May 23, 2016 General Electric agreed to take part in $3 billion of Saudi Arabia investments as the desert kingdom seeks to diversify its economy away from crude.
GE Sees Oil, Software M&A Opportunities as Boston Move Nears
Friday, May 06, 2016 General Electric is hunting for acquisitions in the beleaguered oil and gas industry after missing an opportunity to buy assets when the merger between Halliburton and Baker Hughes was scuttled.
GE Focuses on Digital Technology amid Downturn
Friday, April 29, 2016 GE Oil & Gas continues technology investment through downturn, with a focus on digital technology for offshore operations.
GE Oil & Gas Begins Production of Flexible Risers for Prelude FLNG
Tuesday, April 12, 2016 GE Oil & Gas begins production of flexible risers for the Prelude floating liquefied natural gas facility to be deployed off Western Australia.
GE, Statoil: Sustainability Important In Low Oil Price Environment
Thursday, March 24, 2016 GE Oil & Gas CEO Lorenzo Simonelli and Statoil Chief Technology Officer Elisabeth Birkeland Kvalheim discuss the viability of pursuing sustainable energy solutions in a low oil price environment.
GE Explores Oil And Gas Business In Iran With Top Exec Visit
Tuesday, February 16, 2016 General Electric is exploring potential business opportunities in Iran and the chief executive of its oil and gas division visited the country recently, a company spokeswoman says
GE Oil Deal Offers New Model to Prevent BP-Like Crude Spills
Monday, February 08, 2016 General Electric Co. is expanding its focus on offshore drilling rig safety with a new business that will take over handling of massive underwater equipment designed to prevent well blowouts and oil spills.
GE Oil & Gas: Industry Must Take Lessons from Uber to Attract New Talent
Tuesday, February 02, 2016 The oil and gas industry will need to take lessons from companies like Uber if it wants to attract a new generation of talent, say speakers at the 17th GE Oil & Gas Annual Meeting in Florence, Italy.
Oil, Gas Industry Calls for Increased Collaboration amid Low Oil Price
Monday, February 01, 2016 Major players in the oil and gas industry are pushing for more industry collaboration amid the continuing low oil price.
Digital Twins Could Offer Greater Insight for Oil, Gas Assets
Friday, December 11, 2015 The Digital Twin concept can aid oil and gas companies in better assessing and optimizing assets, industry officials say.
Low Oil Price to Hasten UKCS Decom Opportunity
Thursday, September 10, 2015 The UK oilfield services sector is set to benefit from a significant increase in decommissioning activity in the North Sea, according to industry observers Rigzone has spoken to at Offshore Europe.
OE 2015: Oil, Gas Project Costs: Learning from Other Industries is Key
Wednesday, September 09, 2015 While there are reasons to stay positive about the global future of oil and gas, learning from other industries can help turn hope into operational results, according to GE.
OE 2015: GE's Virtual Reality Subsea Experience
Tuesday, September 08, 2015 Rigzone gave GE's new Subsea Experience virtual reality demonstration a try at this year's Offshore Europe show in Aberdeen.