![]() In June 2014, GE acquired the Reciprocating Compression Division of Cameron International for $550 million. The company produces high-power gearing solutions, specializing in epicyclic gears that typically have a higher power density than parallel shaft gear systems. Īlso in 2013, GE Oil & Gas acquired Allen Gearing Solutions, a privately held designer, manufacturer and service provider of gears for industrial and marine applications. In 2013 GE Oil & Gas also acquired Salof Companies, who design and manufacture small-scale liquefied natural gas (LNG) technologies. In 2013 GE Oil & Gas completed a $3.3 billion acquisition of Lufkin Industries Inc., a manufacturing company that produces artificial lift technologies that help bring oil and gas to the surface, such as oilfield pumping units and power transmission gear boxes. These products allow operators to monitor the integrity of their subsea installations, and form part of the company's Digital Solutions business. Īlso In 2012, GE acquired Naxys, a provider of subsea leak detection and condition monitoring sensors based on passive acoustic technology. These products sit within the company's Digital Solutions business. In 2012, GE acquired PRESENS, a Norwegian company which develop and supply pressure, temperature and flow measurement sensor solutions. Its portfolio includes valves, actuators, meters, switches, regulators, piping products and natural gas-fueled engines for compression. In 2011, GE also acquired Dresser Inc., which delivers compression, flow technology, measurement and distribution infrastructure and services. Its products included electric submersible pumps (ESP), wellheads, trees and logging services. In April 2011, GE acquired John Wood Group’s Well Support Division, which allowed for it to expand into the drilling and surface manufacturing and services portfolio, for $2.8 billion. In March 2011, GE acquired Wellstream, a British company which designed and manufactures flexible risers and flowline products for oil and gas transportation in the subsea production industry, for approximately £800 million. Its product lines included blowout preventer systems, parts, repair, and field services. In April 2008, GE acquired Hydril Pressure Control, a supplier of pressure control equipment used in the oil and gas drilling industry, with focus on deep and ultra-deepwater applications. In October 2007, GE acquired Sondex Plc, a UK-based oilfield services technology company that specialized in the engineering and manufacturing of directional drilling and formation evaluation systems and wireline tools for the production of oil and gas, for £290 million. VetcoGray operated in around 30 countries and was one of the world's leading suppliers of drilling, completion and production equipment for on- and offshore oil and gas fields, including subsea applications. In 2007, GE acquired Vetco's Vetco Gray for $1.9 billion. Bently Nevada was added to the GE Measurement & Control division. Products included plant asset management systems related to vibration monitoring, machinery protection, software and engineering services. In 2002, the division acquired Bently Nevada, a condition monitoring instrumentation company that provides services for sensors, systems and monitoring machinery vibration. GE entered the petroleum industry in 1994 with the acquisition of Italian company Nuovo Pignone (previously owned by ENI S.p.A.). The division was part of the GE Power (formerly GE Energy) division of General Electric. In 2016, GE Oil & Gas employed approximately 37,000 people, serving customers in over 140 countries. ![]() GE Oil & Gas also provided pipeline integrity solutions, sensor-based measurement, inspection, and condition monitoring, controls and radiation measurement solutions. GE Oil & Gas also designed and manufactured surface and subsea drilling and production systems, equipment for floating production platforms, gas compressors, gas turbines, turboexpanders, high pressure reactors, industrial electricity generation. The division supplied equipment for the petroleum industry including drilling, subsea and offshore, onshore, LNG, distributed gas, oil pipeline and oil storage, oil refinery and petrochemical. In July 2017, this division was merged with Baker Hughes. GE Oil & Gas was the division of General Electric that owned its investments in the petroleum industry. ![]()
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