GE Oil & Gas · Florence Italy
Company Description
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This link will open in a new window GE Oil & Gas, a division of General Electric , strives to be all things to all players in the oil and gas market. The company provides compression technologies, transportation, processing, refining, and storage, drilling and production services, and power generation turnkey services to companies worldwide. GE Oil & Gas has an installed base of 11,000 compressors, 18,000 centrifugal pumps, 5,000 turbines, and 2,000 turboexpanders. The company acquired leading oilfield services company VetcoGray in 2007. Other major brands include Conmec (turbomachinery), Nuovo Pignone (compressors and pumps), Odessa (turbine overhaul), and PII (pipeline inspection). To read the full description, subscribe now.
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Key GE Oil & Gas Financials
| Company Type | |
| 2006 Sales (mil.) | $5,900.0 |
| 2006 Employees | 10,500 |
GE Oil & Gas Executives
23 executives listed for GE Oil & Gas's Florence, location.
| Title | Name & Bio | Contact |
| President and CEO | Claudi Santiago Ponsa | Network |
| VP and CFO | Frederic Ribieras | Network |
| VP Equipment Division | Joseph Mastrangelo | Network |
Competition
Competitive Landscape for GE Oil & Gas
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top GE Oil & Gas Competitors
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