Share “General Electric investing billions to...”

General Electric investing billions to bring 'good things' to oil industry Modified: May 14, 2013 at 2:12 pm •  Published: May 14, 2013

General Electric Co. is quickly expanding their reach into the drilling world, rolling out new services and technologies to meet the needs of an increasingly technologically sophisticated industry, E&E Publishing reports. GE Oil & Gas is the fastest-growing business unit within the GE family.

The company, which last month announced plans to build a global energy research center in Oklahoma City, is busy carving out a niche for itself in the shale oil and gas boom that's spreading from the United States to other countries, while becoming particularly active in the offshore energy sector, where much more specialized electrical equipment is needed, primarily for safety reasons.

Read the rest of this post on


  1. 1
    Oregon pot stores sell more than $11 million in first 5 days
  2. 2
    Sigourney Weaver turns 66: Then and now
  3. 3
    Not Sucking in Their Seventies: Rock Lifers Go the Distance
  4. 4
    Explosions rock north Tulsa residential area
  5. 5
    Claremore hospital fires doctor who authorities say threatened officer after DUI arrest
+ show more


× Trending energy Article