GE Oil & Gas on Monday announced the launch of its new
business to more efficiently supply equipment and services to
the $10 billion refining
, industrial and
distributed gas segments.
Headquartered in Houston, the DTS business will offer
multiple downstream technologies and services including steam
turbines, blowers, distributed gas solutions, reciprocating
compressors, pumps, valves and distribution systems.
The business also provides maintenance
services and remote
monitoring and diagnostics.
By launching our new downstream technology
solutions business, GE
can help our customers optimize their operations and
accelerate their own growth in this opportunity-filled
sector, said Lorenzo Simonelli, CEO of GE Oil &
Gas. The new business also positions GE to more
effectively focus on key downstream industry trends and to
better anticipate customer needs.
In January 2014, GE agreed to acquire Camerons
reciprocating compression division, which, subject to
customary approvals upon closing, will also join DTS. The
high-speed reciprocating compressors are used in applications
in the development of shale oil and gas fields.
DTS also is the home of the recently-acquired Salof product
lines of small-scale, modular liquefied natural gas
plants designed to
help rail, marine, trucking and industrial customers convert
to cleaner-burning natural gas
for fuel and power
Our new downstream technology solutions business allows
us to be leaner, faster and closer to our customers that are
doing business in an increasingly competitive global
landscape, said Hasan Dandashly, vice president of
solutions for GE Oil
The creation of this new business demonstrates how GE,
although a large company, can be agile and fast when it comes
to new business opportunities," he added.