Chevron selects GE to supply Equipment for latest Development Project… General Electric Co., and Chevron Corp both trade on the “New York Stock Exchange” under the Stock Symbols ”GE” and “CVX”. For the Latest information regarding “FSR”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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General Electric Co (NYSE:GE) said Chevron Corp (NYSE:CVX) selected GE to supply power-generation and undersea equipment to a huge natural gas development planned off the coast of Australia, pushing the U.S. conglomerate's anticipation equipment revenue from the project to $1.1 billion. General Electric will supply the wellheads and pipes that the Gorgon project will use to extract natural gas from wells drilled more than 4,000 feet below the surface of the Indian Ocean off the northwest coast of Australia. GE will also supply gas turbines to generate power.
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About GE Co:
General Electric Company (GE) operates as a technology, media, and financial services company worldwide. Its Energy Infrastructure segment produces gas, steam, and aero derivative turbines; generators; combined cycle systems; and renewable energy solutions, as well as provides water treatment services and equipment
About Chevron Corp:
Chevron Corporation operates as an integrated energy company worldwide. The company’s petroleum operations include the exploration, development, production, and marketing of crude oil and natural gas; refining, marketing, and transportation operations comprise refining crude oil and converting natural gas into finished petroleum products; marketing crude oil and products derived from petroleum; and transporting crude oil, natural gas, and petroleum products by pipeline, marine vessel, motor equipment, and rail car.
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