Related Articles
Free access
Forward article link
Share PDF with colleagues

Technology Company of the Year, 2016: GE Oil & Gas

In a bid to survive the downturn and better operational productivity, oil and gas companies are increasingly turning to new digital technologies in order to unlock critical efficiencies and operate more effectively. GE Oil & Gas has seized this opportunity to assist its customers by providing them with a range of digital solutions that reduce overheads, drive productivity gains and improve overall performance.

In November 2015, the company announced the signing of a Contractual Service Agreement with the Asian energy company PT Donggi Senoro LNG (DSLNG) to provide a full package of operational and maintenance services for the rotating equipment at its liquified natural gas plant in Banggai Regency, in the Province of Central Sulawesi, Indonesia. The landmark deal, worth €102m, included innovative new digital solutions, which enable DSLNG to monitor the performance of plant equipment made by GE, as well as equipment supplied by other original equipment manufacturers, at its LNG export terminal.

Furthermore, in January 2016, GE Oil & Gas announced a pilot programme with BP, with the aim of reducing unplanned downtime for offshore operations by employing the latest digital solutions. The programme, trialed at BP’s offshore operations in the Gulf of Mexico, aims to increase facility reliability by looking holistically at the process level, introducing new process surveillance and predictive analytics tools to provide early warnings of potential facility issues.

Also in this section
Another Yukos?
19 July 2017
Rosneft acquired prized oil producer Bashneft, but now it's taking the previous owner to court. The case will have ramifications for capital markets
“Lower for longer is the new normal”
11 July 2017
Baker Hughes, a GE Company head Lorenzo Simonelli says newly merged firm is already adapting to the industry’s leaner environment
Suncor's long-term value
28 June 2017
Suncor is Canada's oil sands champion. It celebrates its hundredth anniversary this year