GE Oil and Gas

Oil & Gas

GE Oil & Gas announces planned job losses in Peterhead


Energy firm GE Oil and Gas today announced plans to cut jobs at its facility in Peterhead due to low oil prices. GE employs about 130 people at the base, where components used in the oil and gas industry are made. The firm, which also has operations in Aberdeen and Montrose, did not specify the exact number of staff members it intends to lay off, or the amount of money it expects to save as a result of the measure.

Oil & Gas

GE Oil and Gas sign landmark pipeline project


GE Oil & Gas will provide high-end turbomachinery for the first phase of the landmark Trans-Anatolian Natural Gas Pipeline (TANAP) - a partnership between BP, the State Oil Company of Azerbaijan (SOCAR) and Turkey's state-owned BOTA (Petroleum Pipeline Corporation).


GE signs first deal after Australia passes clean-energy target


General Electric Co. agreed to help develop a A$450 million ($348 million) wind farm in Australia, spurred by parliament’s approval of a new renewable energy target. GE will supply turbines to the 240-megawatt Ararat wind farm in the state of Victoria that’s being developed with partners including Renewable Energy Systems Ltd., according to a statement from the companies. The development is expected to become the nation’s third-largest wind farm.