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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



39 05 54 23 82 80


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.

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