GE touts ‘no regrets’ in gas for Africa
Developing gas and renewables together will provide a “no-regrets path” to cutting emissions and increasing electrification, GE Gas Power Sub-Saharan Africa’s CEO has said.
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Jack Welch, former chairman and CEO of General Electric, dies aged 84
Jack Welch, the champion of corporate efficiency who built General Electric Co. into one of the world’s largest companies and influenced generations of business leaders, has died. He was 84.
Reasons for optimism: Taking stock of carbon reduction achievements and possibilities
As we enter a new decade, I’m sure I’m not alone in reflecting on matters that are personally important, together with major issues that impact on society, the environment and the economy.
GE brings in Maersk CFO to help tackle turnaround
General Electric (GE) hired Carolina Dybeck Happe as its next chief financial officer, giving top boss Larry Culp a new partner to help tackle one of the trickiest turnaround efforts in corporate America.
GE highly exposed to care insurance market, Fitch says
General Electric Co. has “very high” exposure to the long-term care insurance market and is worse than average when it comes to the adequacy of reserves tied to those policies, according to Fitch Ratings.
OGUK director ready to stoke up debate at EV breakfast event
An industry leader will look to stoke up the conversation about the UK oil and gas supply chain's ability to prosper in a “new reality” at a sell-out event during OTC week in Houston.
Wind giants come together on safety
A consortium of 19 wind giants have come together to promote workforce health and safety in the onshore sector.
Baker Hughes GE closes 2018 with $195 million profit
Despite a dramatic drop in crude oil prices during the fourth quarter, Houston oil field service company Baker Hughes, a GE company (BHGE) closed 2018 with a $195 million profit.
BHGE commits to net zero carbon emissions by 2050
Energy services giant Baker Hughes, a GE company (BHGE) today announced its commitment to eliminating its carbon dioxide emissions by 2050.
GE in crisis: four ways it could play out for an industrial icon
General Electric Co. erasing $200 billion in market value would have seemed fantastical just a few years ago, but it has become reality amid accounting issues, weak demand, heavy debt and turmoil at the top.
GE makes deal to start selling Baker Hughes ownership sooner
Financially struggling General Electric has struck a deal to start selling its ownership of Houston's Baker Hughes sooner than expected.
GE removes CEO Flannery
Multinational energy conglomerate General Electric (GE) has removed chief executive John Flannery as the firm's financial woes worsen.
Starwood to buy a GE energy-finance business for $2.56bn
Barry Sternlicht’s Starwood Property Trust Inc. agreed to buy a General Electric Co. energy-finance business for $2.56 billion to expand beyond real estate holdings.
BP appoints new non-executive directors
Oil giant BP has today announced the appointment of Helge Lund and Pamela Daley as new non-executive directors.
GE to sell off stake in Baker Hughes
Multinational energy conglomerate Generel Electric (GE) plans to “fully separate” from the oilfield services subsidiary it acquired in a £23billion deal only a year ago.
Baker Hughes, GE wins Corpus Christi LNG deal
Baker Hughes, a GE Company (BHGE) today announced a contract to supply turbomachinery equipment for the expansion of Cheniere’s liquified natural gas (LNG) facility in Corpus Christi, Texas.
WATCH: First GE wind turbine arrives for UK testing
A huge part of an offshore wind turbine has arrived at the Port of Blyth for testing in the UK.
Baker Hughes, GE in talks with Abu Dhabi on drilling stake
Baker Hughes, a GE Company, is in talks with Abu Dhabi National Oil Co. to set up a partnership that could lead to the U.S. firm taking a minority stake in the state-owned energy giant’s drilling unit, according to people with knowledge of the matter.
GE remains committed to Baker Hughes for now
Houston's Baker Hughes has some breathing room to focus on growth as the energy sector slowly rebounds now that General Electric is affirming its commitment to the oilfield services firm at least until next year.
Opinion: Electromagnetic technology helps prove less is more
Operating in some of the world’s most remote locations and under the harshest of conditions including rough seas and extreme temperatures, technologies for oil and gas applications need to meet incredibly high standards.
World-beating energy storage facility to be built in UK
A strategic alliance has been agreed between GE and Arenko Group to build one of the world’s biggest energy storage systems in the UK.
Baker Hughes posts small loss as GE integration continues
Houston's Baker Hughes energy services company took in $5.8 billion in fourth-quarter revenues but posted a $29 million loss as it continues to integrate its merger with General Electric's oil and gas business.
Subsea still clawing its way out of the bottom, BHGE boss says
The subsea sector is still clawing its way up from the bottom of the market curve, according industry veteran Neil Saunders
ABB buys GE Industrial Solutions for $2.6bn
Technology giant ABB today announced the acquisition of GE’s global electrification solutions business for $2.6billion.
Baker Hughes develops solution to train power outages in Sub-Saharan Africa
GE company, Baker Hughes (BHGE), answered a request from Nigeria LNG trains to improve the reliability of services in the African region.