Chevron and GE Partner on Technology Innovation

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‘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 Company and chief technology officer. ‘Together, we hope to bring impactful new technologies to the industry.’

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‘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.

Reference: CHEVRON ENERGY TECHNOLOGY COMPANY AND GE OIL & GAS ANNOUNCE THE CREATION OF THE CHEVRON GE TECHNOLOGY ALLIANCE.

George Reed posted this article in Chevron's group on LinkedIn, and I commented:

Thank you for this article, George. I just watched a terrific talk that Jeff Immelt gave at Stanford a couple of years ago. Because we live in a highly networked world, he said, it is important to be open to relationships and be willing to forge partnerships. This alliance between two giant companies could really move the needle on technology innovation, especially in an era of abundance for the oil and gas industry!

Thank you for reading, and let me know what you think!

Ron Villejo, PhD