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economy

Marco Annunziata: Through the Looking Glass

Marco Annunziata GE
March 27, 2016

How to cut through the global economic madness to assess real prospects for growth.

 

Looking at the global economy can feel like we have gone among the mad people:

  • Some interest rates are negative  —  you have to pay in order to lend.

  • Financial papers call for “helicopter money” in a Eurozone that is growing above potential.

  • Innovation is moving at its fastest pace but productivity at its slowest.
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Electrification Software Energy

Marco Annunziata: Oil Prices Got You Down?

Marco Annunziata GE
February 23, 2016

 

The sharp decline in oil prices has placed them squarely at the center of the global economic debate. Many see low oil prices as evidence that the world economy has lost steam. Stock markets jump anxiously at every piece of news coming from the oil market.

The market story is important. But more important is that the oil and gas market is undergoing a deeper and more complex transformation, one that will have powerful repercussions over the coming decades.
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Electrification Software Energy

The Digital Energy Mix: Securing & Sustaining the Future

GE Staff
February 22, 2016

The demand for energy will continue to grow at an accelerated pace. Digitizing the energy ecosystem from end to end will be essential in helping meet this demand, enabling unprecedented opportunity socially, economically and individually.

 
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Electrification Software Energy

The Electron’s Digital Journey: Do You Know Where Your Power Comes From?

Tomas Kellner
February 22, 2016
The electrons that brew your first cup of coffee in the morning have many different parents. Some were born on a wind farm, while others came from a gas-fired power plant or a water turbine buried deep inside a massive dam.
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collaboration

Elisabeth B. Kvalheim: Energy Collaboration Key to Competing in a Low-Carbon World

Elisabeth B Kvalheim Chief Technology Officer Statoil
February 21, 2016

For the oil & gas industry, collaboration means competitiveness in tomorrow’s low-carbon reality.

 

The future of energy is heavily dependent on the collective ability — and determination — of the oil and gas industry itself to evolve and stay competitive in tomorrow’s low-carbon reality.

And to stay competitive — over the longer term — we need to drive simplification, standardization and productivity, but also radical innovation. The challenge is too large for any one company to tackle alone.
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water-energy

Kevin Moss and Debora Frodl: Solving the Twin Crises of Energy and Water Scarcity

Kevin Moss Global Director Of The Business Center At The World Resources Institute
Debora Frodl GE
February 04, 2016

The water-energy nexus presents a growing challenge for many parts of the world. We need collaboration among the public and private sector to come up with creative solutions to resource scarcity.

 
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Energy

Lorenzo Simonelli: Let’s Have the Courage to Change the Things We Can

Lorenzo Simonelli GE
February 02, 2016

Instead of living in fear of uncertainty in oil markets, we must think creatively and collaboratively to change the future of the industry.

 

I won’t be the first oil executive to tell you that we live in a time of great uncertainty. The most visible indicator of that uncertainty is today’s low oil price and the impact that is having on our industry: on investment, on jobs, on our employees, their families and communities.
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oil prices

Marcelle Arak and Sheila Tschinkel: Why Do Oil Prices Keep Going Down?

Marcelle Arak Professor Of Finance Emerita University Of Colorado Denver
Sheila Tschinkel Visiting Faculty In Economics Emory University
February 01, 2016

Despite declining prices, oil producers and consumers haven't shown much inclination to change their behavior. Here's why.

 

Global stock markets have been in a tailspin. And the sinking price of oil received at least some of the blame.
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VR

Dan Jackson: 7 Oil & Gas Jobs That Will Exist in the Future

Dan Jackson Io Oil Gas
January 31, 2016

Over the coming decades, all industries will be transformed by converging technological trends that dramatically alter how companies do business. This will undoubtedly lead to many current jobs becoming obsolete. However, technological change will also create countless new roles that companies will need to fill.

 

We’re future-gazing and fast-forwarding to 2040, where we’re looking at the most in-demand jobs in the offshore oil and gas industry.

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Electrification Software

Are You Ready For Digital Oil?

Tomas Kellner
January 28, 2016
GE Oil & Gas became the latest GE business to launch its own digital division. The unit launched a pilot project with BP to help the energy company reduce unplanned downtime by deploying software and analytics, and partnered with “subsurface” software company Paradigm.
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