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GE Power
GE Power
(formerly known as GE Energy) is an American energy techniques company, owned by General Electric. GE Power
GE Power
is the largest energy techniques and selling energy company in the world.

Contents

1 History

1.1 GE Energy
GE Energy
(early years) 1.2 2013–present

2 Notes 3 References

History[edit] GE Energy
GE Energy
(early years)[edit]

GE Energy

Former type

Subsidiary

Founded 2008; 10 years ago (2008)

Defunct 2012; 6 years ago (2012)

Revenue US$37.1 billion (2009/10)[2]

Number of employees

Approximately 82,000 (2011)[2]

Parent General Electric

Divisions GE Energy
GE Energy
Management GE Oil and Gas GE Power
GE Power
and Water

Website www.gepower.com

GE Energy
GE Energy
was a division of General Electric
General Electric
and was headquartered in Atlanta, Georgia, United States.[3] In 2008, a company-wide reorganization prompted by financial losses led to the unit's formation from companies within GE Infrastructure division. On March 29, 2011, GE Energy
GE Energy
announced plans to acquire a 90% stake in Converteam for $3.2 billion.[4][5] In July 2012, John Krenicki announced that he would be stepping down as president of GE Energy, and the business would be broken into three new GE businesses consisting of the following divisions: [6][2]

GE Energy
GE Energy
Management[a]

Digital Energy Industrial Solutions Environmental Services Power Conversion (former Converteam assets) Bethesda Counsel

GE Oil & Gas

Drilling Solutions: Land & Offshore Offshore Solutions Subsea Solutions Enhanced Oil Recovery
Enhanced Oil Recovery
(EOR) Solutions Unconventional Resources Full Range LNG Solutions Industrial Power Generation Refinery & Petrochemicals Gas Storage & Pipeline

GE Power
GE Power
& Water

Power Generation Products (previously known as Thermal Products) Power Generation Services Distributed Power GE Hitachi Nuclear Energy Renewable Energy (Wind Energy) Water & Process Technology

2013–present[edit] After lengthy negotiations, on 2 November 2015 GE finalised the acquisition of Alstom's power generation and electricity transmission business, that were integrated into GE Power
GE Power
& Water. Later, the newly acquired Hydro and Wind business of Alstom, together with GE's own Wind Energy division, were spun-off to create a new subsidiary called GE Renewable Energy. Forced by a wave of very negative financial results, the company went through a series of disinvestments and reorganization in 2017. In May 2017, GE Oil & Gas was combined with Baker Hughes Incorporated to create Baker Hughes, a GE company (BHGE), a new tier-1 business inside the parent group. In June 2017, GE Energy
GE Energy
Connections merged again with GE Power
GE Power
& Water, to become the present GE Power. The new combined business unit is led by former GE Energy
GE Energy
Connections president and CEO, Russell Stokes.[7] Swiss-based ABB Group
ABB Group
announced in September 2017 a $2.6 billion deal with GE Power
GE Power
to acquire the Industrial Solutions division. In October 2017, GE Power
GE Power
sold its Water & Process Technology division to French-based utility company Suez for a total of $3.4 billion.[8] As of 2018, GE Power
GE Power
is divided into the following divisions:

Gas power

Gas turbines Heat recovery steam generators (HRSG)

Steam power

Steam turbines Generators Boilers Air Qualilty Control Systems (AQCS)

Reciprocating gas engines (though the brands GE Jenbacher
GE Jenbacher
and GE Waukesha) Grid solutions Power Services

Notes[edit]

^ GE Energy
GE Energy
Management was rebranded as GE Energy
GE Energy
Connections in early 2016.

References[edit]

^ "Company Information". GE Power. Retrieved 14 August 2017.  ^ a b c d " GE Energy
GE Energy
Fact Sheet" (PDF). GE Energy. Archived from the original (PDF) on January 2, 2011. Retrieved 15 April 2011.  ^ GE Company Organization Chart Archived 2010-02-15 at the Wayback Machine. ^ " GE Energy
GE Energy
To Buy 90% Stake In Converteam For $3.2B". Wall Street Journal. 29 March 2011. Archived from the original on April 7, 2011.  ^ Layne, Rachel (2011-03-29). " General Electric
General Electric
Agrees to Buy Converteam for $3.2 Billion". Bloomberg Business. Bloomberg Business. Retrieved 2015-10-29.  ^ Linebaugh, Kate (2012-07-20). "GE Shake-Up Will Audition New Leaders". The Wall Street Journal. The Wall Street Journal. Retrieved 2015-10-29. (Subscription required (help)).  ^ "Russell Stokes named President and CEO of GE Power". genewsroom.com. 14 June 2017. Retrieved 4 April 2018.  ^ " GE Power
GE Power
Sells Lucrative Water & Process Technologies Division to SUEZ in $3.4B Deal". POWER Magazine. 2017-10-02. Retrieved 2018-02-07. 

v t e

General Electric

Subsidiaries and divisions

Current

GE Additive GE Aviation GE Capital

GE Capital
GE Capital
Aviation Services GE Energy
GE Energy
Financial Services

GE Digital

GE Intelligent Platforms GE Measurement & Control Solutions

GE Healthcare GE Lighting GE Power

GE Jenbacher GE Waukesha

GE Renewable Energy

GE Hydro GE Wind Energy

GE Transportation Baker Hughes, a GE Company Current, powered by GE GE Global Research

Former and defunct

Australian Guarantee Corporation1 Canadian General Electric1 Compagnia Generale di Elettricità2 Electric Bond and Share Company2 GE Americom2 GE Aerospace2 GE Appliances2 GE Betz2 GE Capital
GE Capital
IT Solutions2 GECIS2 GE Capital
GE Capital
Rail Services2

GE Capital
GE Capital
Rail Services (Europe)

GE Commercial Finance GE Energy1 GE Equipment Services2 GE Home & Business Solutions2 GE Industrial2 GE Oil and Gas1 GE Infrastructure1 GEIS2 Genesis Lease2 GE Security2 Genworth Financial2 Montgomery Ward2 Synchrony Financial2 Tungsram1 Whatman1

Joint ventures and shareholdings

Current

CFM International (50%) Engine Alliance
Engine Alliance
(50%) GE Hitachi Nuclear Energy
GE Hitachi Nuclear Energy
(60%) GE Honda Aero Engines
GE Honda Aero Engines
(50%) Penske Truck Leasing Prolec GE
Prolec GE
(49.99%) TBS GB

Former

Alco-GE
Alco-GE
(1940–53) NBC
NBC
(1926–30, 1986–2004) NBCUniversal, LLC (2004–13)

Products and brands

Aircraft engines General Comprehensive Operating System GEnie Locomotives Mazda Reciprocating engines Trivection oven Tungsram

People

Founders

Charles A. Coffin Thomas Edison Edwin J. Houston J. P. Morgan Elihu Thomson

Other

James Cash Jr. Ann Fudge Susan Hockfield Jeffrey R. Immelt Andrea Jung Rochelle Lazarus Sam Nunn Roger Penske Douglas A. Warner III Jack Welch Bob Wright

Places and facilities

GE Building General Electric
General Electric
Building Nela Park Realty Plot Research Laboratory River Works Specialty Control Plant Switchgear Plant Welch Technology Centre

Sponsorship

Carousel of Progress (1967-73, 1975-85)

Other

Edison Engineering Development Program GE True The General Electric
General Electric
Concert General Electric
General Electric
EdgeLab General Electric
General Electric
Theater General Imaging Thomson-Houston Electric Company Timeline United States
United States
v. General Electric
General Electric
Co. Phoebus cartel

1Now integrated into other GE divisions or business groupings 2Sold or spun off

Category Commons

v t e

Petroleum
Petroleum
industry

Petroleum Primary energy

Benchmarks

Argus Sour Bonny Light Brent Dubai Indian Basket Indonesian Isthmus-34 Light Japan Cocktail OPEC
OPEC
Reference Basket Tapis Urals West Texas Intermediate Western Canadian Select

Data

Natural gas

Consumption Production Reserves Imports Exports Price

Petroleum

Consumption Production Reserves Imports Exports Price (of gasoline and diesel)

Exploration

Core sampling Geophysics Integrated asset modelling Petroleum
Petroleum
engineering

Reservoir simulation Seismic to simulation

Petroleum
Petroleum
geology Petrophysics Reflection seismology (Seismic inversion) Seismic source

Drilling

Blowout Completion (Squeeze job) Differential sticking Directional drilling (Geosteering) Drilling engineering Drilling fluid (invasion) Drill stem test Lost circulation Measurement Tracers Underbalanced drilling Well logging

Production

Petroleum
Petroleum
fiscal regime

Concessions Production sharing agreements

Artificial lift

Pumpjack Submersible pump
Submersible pump
(ESP) Gas lift

Downstream Enhanced oil recovery
Enhanced oil recovery
(EOR)

Steam injection Gas reinjection

Midstream Petroleum
Petroleum
product Pipeline transport Refining Upstream Water injection Well intervention XT

History

1967 Oil Embargo 1973 oil crisis 1979 energy crisis 1980s oil glut 1990 oil price shock 2000s energy crisis 2010s oil glut Founders History of the petroleum industry Nationalization OPEC GECF Seven Sisters Standard Oil Oil market timelines

Provinces and fields

List of natural gas fields List of oil fields East Midlands Oil Province East Texas Gulf of Mexico Niger Delta North Sea Permian Basin Persian Gulf Prudhoe Bay Oil Field Russia Venezuela Western Canadian Sedimentary Basin

Other topics

Acronyms Oil shale
Oil shale
gas Peak oil

mitigation timing

People Petrocurrency Petrodollar recycling Shale band Shale gas Swing producer Unconventional oil

heavy crude oil sands oil shale

Companies and organisations

Major petroleum companies

Supermajors

BP Chevron Eni ExxonMobil Royal Dutch Shell Total

National oil companies

ADNOC (UAE) CNOOC (China) CNPC (China) Ecopetrol
Ecopetrol
(Colombia) Gazprom
Gazprom
(Russia) Iraq National Oil Company Indian Oil Corporation KazMunayGas
KazMunayGas
(Kazakhstan) Kuwait Petroleum
Petroleum
Corporation Lotos (Poland) Nigerian National Petroleum
Petroleum
Corporation NIOC (Iran) NISOC (Iran) OGDCL (Pakistan) ONGC (India) PDVSA
PDVSA
(Venezuela) PKN Orlen
PKN Orlen
(Poland) Pemex
Pemex
(Mexico) Pertamina
Pertamina
(Indonesia) PetroBangla (Bangladesh) Petrobras
Petrobras
(Brazil) PetroChina Petronas
Petronas
(Malaysia) Petrovietnam PTT (Thailand) Qatar Petroleum Rosneft
Rosneft
(Russia) Saudi Aramco
Saudi Aramco
(Saudi Arabia) Sinopec
Sinopec
(China) SOCAR
SOCAR
(Azerbaijan) Sonangol (Angola) Sonatrach
Sonatrach
(Algeria) Statoil
Statoil
(Norway) TPAO (Turkey) YPF
YPF
(Argentina)

Energy trading

Glencore Gunvor Mercuria Naftiran Intertrade Trafigura Vitol

Other

Anadarko Apache BG Group Cenovus Energy Compañía Española de Petróleos ConocoPhillips Devon Galp Energia Hess Husky Energy Imperial Oil JXTG Holdings Lukoil Marathon Oil Occidental OMV Port Harcourt Refining Company Reliance Industries Repsol Suncor Energy Surgutneftegas TNK-BP Tullow Oil Tüpraş

Major services companies

Amec Foster Wheeler Baker Hughes Cameron CGG CH2M Hill Chicago Bridge & Iron Company China Oilfield Services Enbridge Ensco GE Oil & Gas Halliburton Nabors Industries Naftiran Intertrade National Oilwell Varco Petrofac Saipem Schlumberger Snam Subsea 7 TransCanada Transocean Weatherford Wood Group

Other

International Association of Oil & Gas Producers International Energy Agency International Petroleum
Petroleum
Exchange OPEC Society of Petroleum
Petroleum
Engineers World Petroleum
Petroleum
Council

Category  Commons

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