GE Oil & Gas Adds to Drilling & Production Portfolio
GE Energy's Oilfield Technology (OFT) business has been realigned from GE Energy Services to GE Oil & Gas.
The move strengthens and expands GE Oil & Gas' Drilling & Production portfolio offering to customers, extending the business reach with world-class directional drilling, formation evaluation systems and wireline solutions for the exploration and production of oil and gas.
Claudi Santiago, president and CEO, GE Oil & Gas said, "Realigning Oilfield Technology into the GE Oil & Gas family is a logical step, enabling us to better serve our customers and boost our upstream portfolio with complementary technologies. OFT has established a technology leadership role in downhole solutions. I'm confident that customers will continue to benefit from the innovation and systems integration that GE provides across the entire oil and gas value-chain."
Headquartered in Yateley, Hampshire, U.K., OFT builds on the 30-year product line heritage of the Tensor, Reuter Stokes, Geolink and Sondex businesses. Today, with over 500 employees, OFT has grown to a global footprint of 14 facilities, including manufacturing sites in North America and Europe and sales offices in China and India.
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Rooftop Solar Now 4th Largest Source of Electricity in Australia
- EU, Industry Players Ink Charter to Meet Solar Energy Targets
- US Confirms Reimposition of Oil Sanctions against Venezuela
- Analyst Says USA Influence on Middle East Seems to be Fading
- Brazil Court Reinstates Petrobras Chair to Divided Board
- Russian Ships to Remain Banned from US Ports
- EIB Lends $425.7 Million for Thuringia's Grid Upgrades
- Var Energi Confirms Oil Discovery in Ringhorne
- Seatrium, Shell Strengthen Floating Production Systems Collaboration
- An Already Bad Situation in the Red Sea Just Got Worse
- What's Next for Oil? Analysts Weigh In After Iran's Attack
- USA Regional Banks Dramatically Step Up Loans to Oil and Gas
- EIA Raises WTI Oil Price Forecasts
- Venezuela Authorities Arrest Two Senior Energy Officials
- Namibia Expects FID on Potential Major Oil Discovery by Yearend
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Oil Markets Were Already Positioned for Iran Attack
- Is The Iran Nuclear Deal Revival Project Dead?
- Petrobras Chairman Suspended
- Oil and Gas Executives Predict WTI Oil Price
- An Already Bad Situation in the Red Sea Just Got Worse
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil and Gas Execs Reveal Where They See Henry Hub Price Heading
- Equinor Makes Discovery in North Sea
- Macquarie Strategists Warn of Large Oil Price Correction
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Standard Chartered Reiterates $94 Brent Call
- Chevron, Hess Confident Embattled Merger Will Close Mid-2024
- Analysts Flag 'Remarkable Feature' of 2024 Oil Price Rally