GE’s oil unit seen finding `missing piece’ with Baker Hughes
General Electric Co. could become one of the top players in the oil services and equipment industry if it decides to bid for Baker Hughes Inc.
GE
Opinion: Light still shining on solar power despite shrinking FIT in Japan
The Japanese solar market has grown significantly in the past few years as it races to meet the government’s goal of achieving 53 GW of solar PV capacity by 2030.
Turner Townsend appoints new Oman director
Construction consultancy Turner & Townsend has appointed Simon Trafford as director and country manager for Oman.
GE Oil & Gas to make job losses
GE Oil & Gas said it will make job losses as it looks to streamline costs.
GE, Statoil strike subsea agreement
GE has signed a master service agreement with Statoil for new subsea projects.
Shell: Industry faces major renaissance
The industry is in the crux of its own renaissance as it grapples with job losses, low oil price and lagging efficiency, according to Shell’s project & technology director.
Whatever you do, don’t tell GE’s chairman the oil price
Jeff Immelt doesn’t want to be told the oil price, doesn’t want to be shown a fistful of charts and isn’t interested in the lastest market predictions.
GE creates new digital unit, collaborates with BP on pilot program
GE Oil & Gas has created a new Oil & Gas Digital Solutions business as well as the development on a new pilot program with BP.
Petrofac, GE win £110million contract on offshore windfarm
Petrofac and GE have been awarded a contract worth more than £110million to engineer, construct and install a turnkey power system. It will connect up to 336MW of clean energy from the Galloper offshore wind farm off Suffolk, to the British grid.
GE posts 8% drop in fourth quarter earnings
GE has posted an 8% drop in fourth quarter earnings in its industrial business.
GE plans to cut 6,500 jobs in Europe, 660 in UK
General Electric Co. plans to eliminate about 6,500 jobs in Europe, citing waning demand for gas and steam turbines in the region as it integrates Alstom SA’s energy units into its operations.
GE Power Convention steps up its renewable presence in China
GE Power Convention is stepping up its presence in the renewables sector in China. The company recently signed a deal which will see it equipping Sewind’s offshore wind turbines with its 4MW fully fed LV3 wind converters.
GE said to be in advanced talks for Halliburton drilling assets
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 much as $5 billion in total for the oilfield services provider, people with knowledge of the matter said earlier this year, when the units were each put on the block. It is not clear how much the decline in oil prices -- which have been hovering near six-year lows -- may have affected their respective market values.
GE Oil & Gas to acquire Advantec
GE Oil & Gas will acquire Advantec as it looks to improve the company’s capabilities of offering cost-efficient production and services. The company said the move is part of its wider efforts to address the challenges faced by its customers operating the growing number of mature subsea fields. Advantec will operate under its existing name and management team as part of GE Oil & Gas’ subsea services and offshore division.
Global gas generator capacity set to double by 2025
Global installed capacity for gas generators will more than double from 8.4 Gigawatts (GW) in 2015 to reach 18.8 GW by 2025, with North America continuing to account for the largest share of the market, according to research and consulting firm GlobalData.
GE creates new company to help lower energy bills
General Electric has started a company which will focus on energy efficiency to help corporate customers lower their energy bills and better manage power distribution. The new firm, called Current, will integrate GE's LED, solar, energy storage and electric vehicle businesses with GE's growing data and analytics platform. The company will be run by Maryrose Sylvester, who has been president of GE Lighting.
GE strikes export financing deal that could create 1,000 jobs
General Electric said it had struck an agreement with the Government to access export financing of up to 12 billion US dollars (£8 billion) in a deal that could create up to 1,000 jobs.
GE said to offer Alstom gas assets in bid for EU deal approval
General Electric Co. offered to sell gas- turbine assets to an Italian rival in an attempt to win European Union approval for its plan to buy most of Alstom SA’s energy business, four people familiar with the situation said.
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.
GE raises job cuts to 575 at Lufkin oil unit amid crude drop
General Electric Co. increased planned job cuts in its Lufkin oilfield equipment unit to 575 as the collapse in crude prices leads to industrywide pullbacks. The move comes after GE notified regulators in January of plans to cut 330 positions in a division acquired in 2013. In February, the total was raised to 500, then boosted again to the new figure, said Kristin Schwarz, a GE Oil & Gas spokeswoman. The reductions will affect workers in Angelina County, Texas.