Gen Electric (NYSE:GE)
Historical Stock Chart
5 Years : From Nov 2012 to Nov 2017
With the offshore production industry seeking to increase the efficiency
and availability of its deepwater equipment, GE (NYSE: GE) has
introduced a new blowout preventer (BOP) stack with an interchangeable
lower marine rise package (LMRP) and lower stack frames.
Traditionally, the lower marine rise package and lower stack have been
fabricated as a custom-fit pair for a rig. As a result, to address an
operational or maintenance issue on the rig, a drilling system would
have to be retrieved to the surface, repaired and then returned to the
seabed. This process can take days to accomplish and interrupts
To overcome this problem, GE’s engineering team devised a new BOP
stacking solution that allows rigs with two BOPs to use a lower marine
rise package with either lower stack frame, greatly enhancing operator
flexibility. The new system also gives operators the option of having a
fleet spare that can interface with other systems.
“We are excited to introduce the offshore industry’s first BOP stacking
solution that offers our customers the advantage of interchangeability
to enable flexibility,” said Sam Aquillano, vice president—drilling and
surface for GE Oil & Gas. “This innovative product exemplifies GE’s
commitment to continuously improve the efficiency and safety of energy,
drilling and production activities worldwide.”
GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in
energy, health and home, transportation and finance. Building, powering,
moving and curing the world. Not just imagining. Doing. GE works. For
more information, visit the company's website at www.ge.com.
Energy works connecting people and ideas everywhere to create
advanced technologies for powering a cleaner, more productive world.
With more than 100,000 employees in over 100 countries, our diverse
portfolio of product and service solutions and deep industry expertise
help our customers solve their challenges locally. We serve the energy
sector with technologies in such areas as natural gas, oil, coal and
nuclear energy; wind, solar, biogas and water processing; energy
management; and grid modernization. We also offer integrated solutions
to serve energy- and water-intensive industries such as mining, metals,
marine, petrochemical, food & beverage and unconventional fuels.
Follow GE Energy on Twitter @GE_Energy.