Oil & Gas

Industry Brief

  1. New Tech Helps Oil & Gas Weather Storm

    New Tech Helps Oil & Gas Weather Storm

    Energy must embrace digital systems to improve performance along the supply chain, as unplanned downtime increases costs. GE is helping Oil & Gas companies take hold of technology innovation to drive performance.
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  2. Knuckle Down, Focus on Accurate Data

    Knuckle Down, Focus on Accurate Data

    Big data and analytics are not new to the Oil & Gas industry. Smart oil fields have been around for nearly a decade, but adoption has been slow.
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  3. Downturn Gives GE Oil & Gas a Chance ‘to go on the Offense'

    Downturn Gives GE Oil & Gas a Chance ‘to go on the Offense'

    GE is the first services business to start maintaining its own blowout preventers, and renting them to drillers.
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  4. GE's Big Bet on Data Analytics

    GE's Big Bet on Data Analytics

    GE is putting sensors on gas turbines, jet engines, and other machines; connecting them to the cloud; and analyzing the resulting flow of data. The goal: identify ways to improve machine productivity and reliability.
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  5. Oil Prices Got you Down?

    Oil Prices Got you Down?

    The world needs more and more energy. And the energy industry must meet that growing demand in a period of higher uncertainty and volatility. That will require greater efficiency, adaptability and sustainability, which can be achieved in part through the adoption of digital solutions.
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    Drive New Efficiencies in Oil & Gas

    Staying competitive in extraordinary times

    The Oil & Gas industry is facing downward commodity price pressures unseen in 30 years. To remain competitive in this low-price environment, operators need to optimize operations, reduce downtime and maximize the value gained from every dollar of Capex and Opex invested—all while continuing to make operations safer. The Oil & Gas industry needs a bold new vision for unlocking hidden value and unprecedented productivity gains from the reservoir to the refinery.

    1. $3MM

      From Unplanned Downtime
      From Unplanned Downtime
      Each week a well is out of commission offshore, lost revenue for operators is $3 million per week. To help you avoid the loss, Reliability Max monitors your equipment and predicts failures before it happens. 
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    2. 35%

      Oil Recover Rate
      Oil Recover Rate
      The average world oil recovery rate is approximately 35%. A 1% improvement equals about three years of global oil production. GE offers you advanced convenient solutions to ward off catastrophic failures.
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    3. 70-90%

      Reliability Range
      Reliability Range
      Across the industry, reliability can range between mid-70% to high-90%, leaving room for dramatic productivity and efficiency gains
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    4. $7MM

      Saved from Downtime
      Saved from Downtime
      Petroleum refining company saved $7 million (CDN) using real-time data to avoid 24 hours of downtime.
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      Testimonials

      Learn How GE Oil & Gas Can Help You

      We Are GE Oil & Gas

      Are you ready to avoid downtime and maximize productivity and profitability? GE’s solutions take the guesswork out of fine-tuning your wellhead operations.

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