Chevron, GE Form Technology Partnership To Serve Oil & Gas Industry

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Formed the Chevron GE Technology Alliance to solve critical needs for the oil and gas industry.

Chevron Corp. (NYSE: CVX) and GE Co. (NYSE: GE) have formed a technology alliance to solve critical needs for the oil and gas industry through the development and commercialization of technologies.

Chevron Energy Technology Co., of San Ramon, Calif., and GE Oil & Gas, of Fairfield, Conn., announced Feb. 3 the creation of the Chevron GE Technology Alliance.

The Alliance builds upon a current collaboration on flow analysis technology for oil and gas wells. Chevron and GE are currently developing the GE Safire flow meter, now being tested and deployed on Chevron land-based well production lines in the western U.S.

In addition to the flow metering collaboration, which is being conducted with the Measurement & Control business within GE Oil & Gas, the Alliance is also managing a coatings project and will be taking on additional high-value projects in the near future.

The Alliance provides a mechanism for commercializing early stage technologies from Chevron, GE or other technology partnerships. For example, GE flow meter products will be developed incorporating the Swept Frequency Acoustic Interferometry (SFAI) metering technology incubated in an alliance between Chevron and Los Alamos National Laboratory.

The Alliance will leverage research and development from GE's newest Global Research Center in Oklahoma City, the first dedicated to oil and gas technology.