Chevron and GE form technology alliance

It has been announced that Chevron Energy Technology Company and GE Oil & gas are going to create the Chevron GE Technology Alliance, which will develop and commercialise valuable technologies to solve critical needs for the oil and gas industry. The alliance will be building upon a current collaboration on flow analysis technology for oil and gas wells. It will also increase research and development at GE’s Global Research Centre, the first dedicated to oil and gas technology.

Comments on the alliance

Paul Siegele, president of Chevron Energy Technology Company and chief technology officer said, ‘GE brings its leading manufacturing capabilities, worldwide marketing, distribution, and extensive R&D capabilities not only for oil and gas, but also other business sectors to this alliance. Together, we hope to bring impactful new technologies to the industry.’

Lorenzo Simonelli, President and CEO, GE Oil & Gas said, ‘Chevron’s deep understanding of the oil and gas industry, combined with GE’s long tradition of technology development and close collaboration with strategic partners, will uniquely position this new alliance to address the industry’s technology needs. The solutions developed by this alliance will take on even more industry significance given Chevron’s proven leadership in being first to field test and deploy new technology breakthroughs.’

Adapted from a press release by Claira Lloyd.

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