CATEGORIZED | News

Chevron, GE form alliance to develop technologies for industry

Posted on 03 February 2014

Chevron Energy Technology Co and GE Oil & Gas have created the Chevron GE Technology Alliance, which will develop and commercialize 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 Co 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 US. 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 defense applications.

“Los Alamos develops unique technologies for our national security missions and these can have powerful applications for US industry,” said Duncan McBranch, chief technology officer for LANL. “Strategic partnerships with industry allow us to accelerate breakthrough innovation in these areas. As the Chevron GE technology alliance demonstrates, national laboratories can serve an important role in connecting different industry partners to strengthen the US innovation landscape.”

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 23 September 2014

    Panel: Development of 20,000-psi BOP impacts entire rig

    The development of 20,000-psi drilling equipment and systems has been on industry’s agenda to meet operational needs in challenging frontiers. Although the BOP is a major focus in this effort...

  • 23 September 2014

    Siemens to acquire Dresser-Rand for $7.6 billion

    Siemens has entered into an agreement with Dresser-Rand to acquire all of the issued and outstanding common shares of Dresser-Rand. The offer price is $83 per common share in cash or a total transaction value of...

  • 23 September 2014

    ‘Transformational technologies’ to support drilling systems automation

    On the road to drilling systems automation (DSA), communication plays a key role, in which physical mediums and standards enable disparate solutions…

  • 22 September 2014

    Shell: Sharing software solutions would move industry closer to rig automation

    When asked what will accelerate the adoption of modern technologies commonly used in other industries, 53% of approximately 150 people polled at the 2014 IADC Advanced...

  • 22 September 2014

    Maersk Drilling receives one-year extension for Maersk Convincer

    Petronas Carigali has extended the contract for the jackup rig Maersk Convincer by one year. Consequently, the rig will be on contract with Petronas until mid-November 2015…

  • Read more news