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Press Release

GE Oil & Gas Awarded 13-Year Contract to Provide Long-Term Services for PERU LNG Plant

January 19, 2015
  • Contractual Service Agreement to Cover PERU LNG’s Liquefied Natural Gas Plant for 13 Years
  • GE to Cover Major Maintenance Requirements for Plant’s Liquefaction Train, On-Site Power Plant
  • CSA to Include a Resident Team of GE Experts and Predictivity Solutions for Equipment Remote Monitoring


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Press Release

GE Capital Exhibiting at National Association of Music Merchants Tradeshow

January 19, 2015

CHICAGO, IL ― GE Capital, Commercial Distribution Finance (CDF), a leading provider of inventory financing to the music industry, is exhibiting at the National Association of Music Merchants’ (NAMM) annual winter show in Anaheim, CA, January 22-25. NAMM is the world’s largest trade-only event for the music products industry.


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GE Power Conversion Receives First Order in Japan from Kawasaki Heavy for Electric Propulsion Motor Equipment for LNG Vessel

January 19, 2015

Tokyo - 19 Jan 2015 - GE’s Power Conversion business announced that it had received a new order from Kawasaki Heavy Industries, Ltd. for electric power and propulsion systems for two LNG carriers. The LNG carriers will be built for the purpose of transporting LNG from Louisiana, USA. Their construction is scheduled to be completed from 2017 through 2018.


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GE to Replace TVA's Coal Units with Cleaner, High-Efficiency H-Class Gas Turbines

January 15, 2015
  • Two 7HA.02 Gas Turbines to Replace Three Coal-Fired Units, Providing High Efficiency and Lowering Emissions to Help Tennessee Valley Authority (TVA) Meet Agreement with U.S. EPA
  • Plant to Support Memphis Area and Region with Cleaner, Reliable Energy
  • TVA Project Marks the 15th HA Order 


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GE and McDermott launch io oil & gas consulting

January 15, 2015

io is a new model of consulting in offshore field developments 

 

15th January 2015 - GE Oil & Gas (NYSE: GE) (“GE”) and McDermott International, Inc. (NYSE: MDR) (“McDermott”) today launched io oil & gas consulting, a new independent venture to transform the development of front-end solutions for offshore fields.


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GE and KAUST Sign Agreement to Undertake Joint Research to Strengthen Kingdom's Electricity Sector

January 14, 2015

Agreement Underlines GE’s Commitment to Promote a Culture of Localized Innovation

RIYADH, SAUDI ARABIA-January 14, 2015-GE (NYSE: GE) has signed a cooperative research agreement with King Abdullah University of Science & Technology (KAUST) to undertake cutting-edge research on enhancing the fuel flexibility of GE’s advanced gas turbines. 


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GE Antares Capital Retains Position as #1 Lender to MidMarket Private Equity-Backed Companies

January 12, 2015
  • Provides $27 billion in financing across 200 transactions
  • Connects 280 clients with GE’s industrial groups and research labs to accelerate growth

CHICAGO -  GE Antares, a unit of GE Capital, announced today it closed more than 200 senior loan transactions with corporate borrowers across 88 private equity firms, including 62 new platforms, totaling more than $27 billion in financing in 2014, making it the most active lender to private equity-backed companies in the middle market.


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GE Capital Leads $600 Million Revolving Credit Facility for Axiall

January 08, 2015

CHICAGO -  GE Capital, Corporate Finance today announced it is serving as administrative agent on a $600 million revolving credit facility for Axiall Corporation.  The new, larger facility will be used for general working capital and to support the company’s ongoing growth.  GE Capital Markets served as co-lead arranger and joint book runner on the facility.

Based in Atlanta, Axiall manufactures and markets chemicals and building products for sale worldwide. The Company operates through three segments: Chlorovinyls, Building Products, and Aromatics.


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GE Integrates Solar Energy with Combined Cycle for Landmark Power Project of Saudi Electricity Company in Duba

January 06, 2015
  • Saudi Electricity Company Places Order for ’Green Duba’ Integrated Solar Combined-Cycle Plant
  • GE’s Highly Efficient F-Class Turbines Offer Fuel Flexibility and Ability to Burn Condensate
  • Solar Field Will Generate 10 Percent of the Power, Support Energy Needs and Promote Environmental Priorities

DUBA, SAUDI ARABIA-January 6, 2014-Saudi Electricity Company (SEC) has selected its long-time partner GE (NYSE:GE) for a project that marks Saudi Arabia’s first integration of a solar field with a combined-cycle plant and the first introduc


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Pennsylvania Power Plant Saves 1.3 Million Gallons of Drinking Water per Day after Installing GE's Advanced Water Reuse Technology

January 06, 2015
  • Covanta’s Delaware Valley Energy-from-Waste Facility is First North American Industrial Company to Install GE’s RePAK* Combination Ultrafiltration and Reverse Osmosis System
  • Equipment Enables Facility to Reuse Nearby Wastewater Treatment Plant’s Water Instead of Consuming Local Drinking Water Supplies
  • Covanta Honored with GE Return on Environment Award
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