Writing the next chapter in oil and gas
During today’s challenging oil market, customers are looking for immediate solutions to reduce costs and increase efficiencies. More than ever, investment in technology is absolutely critical to build a stronger oil and gas industry, committing to our customers and the growing need for energy.
Yesterday, I spent the day in Oklahoma City with employees and partners at the grand opening of the GE Global Research Oil & Gas Technology Center. The facility is part of GE’s global research network, which includes 10 centers with 50,000+ GE engineers who work across multiple industry sectors around the globe.
We’re bringing together the full power of digital solutions and technology from across GE’s industrial businesses to advance the oil and gas industry. Designed to foster open innovation, the center is becoming a central hub for our scientists and engineers to closely collaborate with customers on cutting-edge digital and hardware solutions. Yesterday, I discussed the future of the industry with Chesapeake CEO Doug Lawler and BP Lower 48 CEO Dave Lawler.
For example, our engineers are developing cloud-connected helicopter drones that can inspect rigs and pipelines from hundreds of miles away. GE partnered with Oklahoma State University’s Aerospace program to develop a prototype drone, called Raven. It can detect emissions precisely and cost-effectively to reduce environmental impact and improve operational efficiency.
Our partners are also benefitting from insights and invention beyond the oil and gas industry through the GE Store. By this I mean the transfer of technology, talent, expertise and connections through GE’s massive, diverse network.
It’s no secret the industry has been working through a tough market environment. But, it’s exactly times like these when investments in technology are most important. Through partnering closely with our customers, investing in the future and leveraging the GE Store, I believe we are truly writing the next chapter for the oil and gas industry. I’m excited to see what the future brings.