September 30, 2016 6:21 AM ET

Energy Equipment and Services

Company Overview of GE Oil & Gas SpA

Company Overview

GE Oil & Gas SpA develops, manufactures, and provides technology equipment and services for the oil and gas industry in Italy and internationally. It offers air-cooled heat exchangers, centrifugal pumps, compressors, reactors, steam condensers, reducing and metering systems, turboexpanders, control and safety valves, hydraulic actuators for surface drilling, capital drilling equipment, floating production systems, mudline equipment, and subsea and surface drilling and production systems. The company offers contractual, remote monitoring and diagnostic, multivendor, pipeline inspection, technical support, and maintenance and repair services; OEM spare parts; and technical training in plant an...

Via Felice Matteucci, 2

Florence, FI 50127

Italy

Phone:

39 05 54 23 82 80

Fax:

39 05 54 23 28 00

Key Executives for GE Oil & Gas SpA

Chief Executive Officer and President
Age: 43
Chairman of GE and Chief Executive Officer of GE
Age: 59
Chief Executive Officer for Latin America and President for Latin America
Global Sales Leader
Chief Operating Officer of Drilling & Production Systems
Age: 58
Compensation as of Fiscal Year 2016.

GE Oil & Gas SpA Key Developments

GE Oil & Gas Signs Service Agreement with MODEC to Apply Data Analytics, Gas Turbine Expertise to Brazilian FPSOs

GE Oil & Gas has signed a major agreement with MODEC to supply and service gas turbines for FPSOs in Brazil. MODEC ordered GE gas turbines for eight FPSOs based in Brazil and signed an overall maintenance contract with varying durations for each vessel, reaching up to 3 maintenance cycles for gas turbines on six FPSOs. The contractual service agreement will include data analytics for advanced monitoring and diagnostics, helping to improve equipment availability and operational efficiency. GE Oil & Gas and MODEC have developed a long term relationship, reflected in the length of the contract. The FPSOs are owned by consortiums comprised of MODEC and its partners, and also MODEC provides operation and maintenance services for those fleets.

GE Oil & Gas Wins Three-Year Frame Agreement to Support ONGC's Exploratory Drilling Campaign in India

GE Oil & Gas has been awarded a multi-million dollar Frame Agreement by Oil and Natural Gas Corporation Limited (ONGC). Under the agreement, GE will provide an estimated 55 subsea wellheads (SG5) over next three years for the operators offshore drilling campaign, in shallow to medium waters offshore India. The first wellhead under the contract will be supplied in the fourth quarter of 2016, with GE manufacturing part of the scope in India for the first time, in Kakinada, with engineering and project management support from regional teams in Singapore.

GE Oil & Gas Signs Agreement with Oil and Natural Gas Corp. Ltd

GE Oil & Gas announced that it will supply an estimated 55 subsea wellheads to Oil and Natural Gas Corp. Ltd. over three years for the latter's offshore drilling in shallow to medium waters. The first wellhead under the contract will be supplied in fourth quarter of 2016, with GE manufacturing part of the project in India for the first time, in Kakinada, with engineering and project management support from regional teams in Singapore.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 30, 2015
ADVANTEC AS
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact GE Oil & Gas SpA, please visit --. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.