Chevron, GE form technology alliance to solve oil and gas industry problems
Florence, Italy - Chevron Energy Technology Company and GE Oil & Gas have joined together to create the Chevron GE Technology Alliance, which will develop and commercialize valuable technologies to solve critical issues for the oil and gas...
Florence, Italy – Chevron Energy Technology Company and GE Oil & Gas have joined together to create the Chevron GE Technology Alliance, which will develop and commercialize valuable technologies to solve critical issues for the oil and gas industry.
The Alliance builds upon a current collaboration on flow analysis technology for oil and gas wells and will leverage research and development from GE’s newest Global Research Center, the first dedicated to oil and gas technology.
“GE brings its leading manufacturing capabilities, worldwide marketing, distribution, and extensive R&D capabilities not only for oil and gas, but also other business sectors to this alliance,” said Paul Siegele, president of Chevron Energy Technology Company and chief technology officer. “Together, we hope to bring impactful new technologies to the industry.”
“Chevron’s deep understanding of the oil and gas industry, combined with GE’s long tradition of technology development and close collaboration with strategic partners, will uniquely position this new alliance to address the industry’s technology needs,” said Lorenzo Simonelli, president and CEO, GE Oil & Gas. “The solutions developed by this alliance will take on even more industry significance given Chevron’s proven leadership in being first to field-test and deploy new technology breakthroughs.”
This partnership builds upon an ongoing collaboration between Chevron and GE developing the GE Safire flow meter, now being tested and deployed on Chevron land-based well production lines in the western United States.
In addition to the flow metering collaboration, which is being conducted with the Measurement & Control business within GE Oil & Gas, the Alliance also is managing a coatings project and will be taking on additional high-value projects in the near future.
The Alliance provides a mechanism for commercializing early stage technologies from Chevron, GE or other technology partnerships. For example, GE flow meter products will be developed incorporating the Swept Frequency Acoustic Interferometry (SFAI) metering technology incubated in an alliance between Chevron and Los Alamos National Laboratory (LANL). SFAI technology was originally developed by LANL for defence applications.
Chevron is an integrated energy company with subsidiaries that conduct business worldwide. The company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops the energy resources of the future, including biofuels. Chevron is based in San Ramon, CA. GE finds solutions in energy, health and home, transportation and finance. GE Oil & Gas works in the oil and gas industry, from extraction to transportation to end use.