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

Gorder named Valero chief executive officer

03/25/2014

Joe Gorder, Valero Energy Corp. president and chief operating officer, has been named chief executive officer, succeeding Bill Klesse.

Double Eagle changes name, appoints chief executive officer

03/25/2014 Double Eagle Petroleum Co., Denver, has appointed Charles F. Chambers to the position of chairman and chief executive officer, effective Apr. 1. As...

MOL closes purchase of North Sea assets from Wintershall

03/25/2014 MOL Group, Budapest, has completed its transaction with Wintershall, Kassell, Germany, in which MOL acquires offshore assets with 14 licenses in th...

Gasoline price games

03/24/2014 Let's assume you're a typical American, typically scornful of the oil and gas industry. You don't work for the industry. You don't know much about ...

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