GE Energy to acquire ChevronTexaco's gasification technology business

By OGJ editors

HOUSTON, May 13 -- GE Energy, a division of General Electric Co., Atlanta, Ga., plans to acquire ChevronTexaco Worldwide Gasification Technology Inc. from ChevronTexaco Corp., which said it plans to continue its focus on commercializing natural gas resources using LNG and gas-to-liquids technology.

The transaction will broaden GE Energy's gasification plant offerings and expand its ability to provide coal power generation that produces fewer air pollutants than conventional coal combustion, a spokesman said. The ChevronTexaco technology develops and licenses gasification-related intellectual property for use in the chemicals, electric power, and hydrogen producing industries.

GE Energy said it would continue to headquarter the gasification business in Texas.

Related Articles

Escalera Resources to form Albania joint venture

04/03/2014 Escalera International Co. LLC, a subsidiary of Escalera Resources Co. (formerly Double Eagle Petroleum Co.), has signed a memorandum of understand...

AFPM: Petrochemical industry needs skilled workers

04/02/2014 The current boom in shale resource development has sparked an urgent need in the petrochemical industry for technically skilled workers to build, o...

Devon completes Canadian conventional assets sale

04/02/2014 Devon Energy Corp., Oklahoma City, has completed the sale of its Canadian conventional assets to Canadian Natural Resources Ltd. for $3.125 billion...

Ultra Petroleum selects senior vice-president

04/01/2014 Ultra Petroleum Corp., Houston, has appointed Brad Johnson to succeed William Picquet, who will retire from the company at the end of the month, as...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected