GE, Rosneft Sign MOU to Jointly Pursue Opportunities in Russia’s Oil and Gas Industry
GE (NYSE: GE) and OJSC Rosneft, a leader in Russia’s petroleum industry, today signed a memorandum of understanding (MOU) that lays the foundation for the two companies to jointly evaluate and develop commercial opportunities in oil and gas exploration and production in the Russian Federation. The MOU was signed by …
Cooperation between Rosneft and General Electric (GE)
On June 21, 2012 I. Sechin, Rosneft President, and John Krenicki, GE Vice Chairman President and CEO of GE Energy, and Cristiano Tortelli, GE Energy CEO for CEE, Russia and CIS, signed a Memorandum of Understanding and a Cooperation Agreement. These documents provide for implementation of joint projects intended to …
GE Deepwater BOP Blind Shear Rams with Advanced Capabilities
New Technology Can Cut and Seal with up to 1.9 Million Pounds of Force Patent-Pending Technology Can Centralize and Shear Offset Pipe Latest Example of GE Innovation for the Deepwater Sector GE Oil & Gas (NYSE: GE) is introducing its next-generation technology for shearing and sealing wellbore tubulars at the …
GE and DYNAenergetics Sign Global Free Point and Wireline Equipment Distribution Agreement
GE Oil & Gas and DYNAenergetics GmbH & Co KG of Troisdorf, Germany today announced they have signed an agreement to have DYNAenergetics, a leading provider of perforation products, be a global distributor of GE’s portfolio of free point equipment and wireline accessories. As a result of the new agreement, DYNAenergetics will be …
Disposal of Well Support Division for $2.8 billion Return of cash of not less than $1.7 billion
Wood Group, the international energy services company, today announces it has entered into a conditional agreement to sell its Well Support Division to GE for cash consideration of $2.8 billion (the “Disposal”). Following the Disposal, the Board of Directors intends that Wood Group will return cash of not less than …