Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


August 29, 2015 11:56 PM 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: 42
Chief Financial Officer and Vice President
Chairman of GE and Chief Executive Officer of GE
Age: 58
Chief Executive Officer of GE Energy Management
Age: 46
Chief Executive Officer for Latin America and President for Latin America
Compensation as of Fiscal Year 2015.

GE Oil & Gas SpA Key Developments

GE Oil & Gas Plans to Cut Jobs at Peterhead

GE Oil & Gas announced plans to cut jobs at its base in Peterhead due to low oil prices. GE Oil & Gas employs about 130 people at pressure control supply chain facility, where components used in the oil and gas industry are made. The firm, which also has operations in Aberdeen and Montrose, declined to specify the exact number of staff members it intends to lay off, or the amount of money it expects to save as a result of the measure.

GE Oil & Gas Wins Order to Provide Turbomachinery for Phase I of TANAP Project

GE Oil & Gas has won a contract to provide turbomachinery for Phase I of the Trans-Anatolian Natural Gas Pipeline, or TANAP, project. TANAP is a partnership between the State Oil Company of Azerbaijan (SOCAR), BOTAS (Petroleum Pipeline Corporation), and BP - that will transport gas from Azerbaijan via Turkey to European energy markets providing benefits of uninterrupted gas flow as well as security and diversification of energy resources. The multi-million dollar contract provides critical systems referred to as 'the heart of the pipeline' comprising aeroderivative gas turbine driven centrifugal compressor packages - also known as turbo-compressor trains - all manufactured, packaged and tested by GE Oil & Gas in Florence (Italy) for shipment in 2017. The deal supports the commissioning of Phase I of TANAP scheduled to come online in 2018.

GE Oil & Gas Signs New Contract with CLH Group to Provide Remote Monitoring and Diagnostics for Centrifugal Pump Fleet in its Plants

GE Oil & Gas announced a new contract with CLH Group to provide remote monitoring and diagnostics for its centrifugal pump fleet in its plants in Mora, Adamuz, Loeches, Monzalbarba and Torrejon in Spain. The deal will introduce the first remote centrifugal pump monitoring to be applied in those facilities, optimizing machine performance with analytics. The 24/7 system will collect and transfer data from CLH sites to the GE Oil & Gas Monitoring and Diagnostics Center where will continuously analyze the pumps' performance, identify anomalies, and provide advisory services and actionable recommendations to optimize operations. This will enable GE Oil & Gas to monitor and verify pump functionality and proactively identify potential issues to reduce failures and to increase machine availability for CLH. GE's specific knowledge and expertise as the original equipment manufacturer will be applied to the data acquired to plan effective maintenance and minimize equipment downtime.

Similar Private Companies By Industry

Company Name Region
GE Oil & Gas SpA Europe
Baker Hughes SRL Europe
Saipem Energy Services S.p.A. Europe
Pietro Fiorentini S.p.a Europe
Brescia Hydraulic Srl Europe

Recent Private Companies Transactions

Type
Date
Target
Private Placement
November 6, 2014
Lufkin Industries Inc.
 

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
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact GE Oil & Gas SpA, please visit www.ge-energy.com/about/oil_and_gas.jsp. Company data is provided by Capital IQ. 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.