GE

General Electric Co. is in advanced talks to buy the drill-bits and drilling-services divisions of Halliburton Co., which is divesting assets to win antitrust approval for its takeover of Baker Hughes Inc., according to people familiar with the matter. Selling both the drill-bits and drilling-services businesses could have fetched as …

GE and Statoil’s Sustainability Collaboration announced today the five winners of its inaugural Open Innovation Challenge that focused on addressing the use of sand in unconventional operations. Five Winning Technologies Address Alternatives for Sand in Shale Development: Sand plays a critical role in shale development and the hydraulic fracturing process. …

In the wake of falling oil prices, it is now more crucial than ever for oil & gas companies to look at how they can reduce capital and operational expenditure. Underlining this, a recent report from PwC highlights that the oil & gas industry needs “intelligent and strategic cost-cutting” to …

Rosneft and General Electric have accomplished a training program for managers and engineers of the Company. The project was realized as part of the strategic partnership between Rosneft and General Electric. Modern challenges of global energy oblige leading companies of the world invest in human development. Rosneft treats this field …

As a result of the shale gas boom in North America, natural gas has become one of the most promising alternatives for constant and plentiful energy supply. As such LNG plants are among the latest efforts made by energy companies to build on this potential. This is leading to a …

Rosneft and General Electric signed a Technology Cooperation Agreement at the 18th St. Petersburg International Economic Forum in furtherance of the initiative to set up a research and development center. The Technology Cooperation Agreement provides for a mechanism whereby individual targeted R&D agreements will be signed. This lays the foundation …

Rosneft and General Electric signed an Agreement to set up a series of joint ventures. The document was signed by Rosneft President Igor Sechin and General Electric CEO Jeffrey Immelt in the presence of the Prime Minister of the Russian Federation Dmitry Medvedev. The Agreement is aimed at the expansion …

Cameron also announces intention to explore strategic alternatives for the remainder of compression systems business. Cameron today announced that it has entered into a definitive agreement under which it will sell its Reciprocating Compression business to GE for cash consideration of approximately $550 million, subject to closing adjustments.  Cameron also …

•    Energy Efficient Dynamic Position Control System Supports GE’s ecomagination Strategy •    Up to 10 Percent Fuel Savings •    Stand-Alone or Part of a Fully Integrated System Configured for More Efficient Power and Propulsion Deployment As much as we hate to admit it, success is based on how well we …

  How does a MWD system improving drilling efficiencies and formation understanding? Baker Hughes: First of all, let’s go back to industry adopted classification of telemetry systems – MWD (measuring while drilling) and LWD (logging while drilling) systems: MWD systems provide directional survey data (well path), bottom hole temperature, pressure, …