Thursday, August 29, 2013

GE has invested heavily in the development of shale oil and gas

According to Fox Business (FoxBusiness) reported that General Electric (GE) is seeking to improve its hydraulic fracturing (hydraulicfracturing) technology and expand its oilfield services business.
The company is dropping billions of dollars to be able to benefit from shale gas revolution.ceramic ball GE Oil & Gas is its fastest growing sector, its revenue since 2009, an increase of 57%.
GE last month announced that it will establish a research center in Oklahoma in order to improve oil recovery process.
GE said in a press release, "Research Center aims to improve safety,Ceramic proppant efficiency, stable production and delivery of non-conventional oil and gas technology."
General Electric CEO Jeff Immelt (JackImmelt) on Twitter beginning of the year that the United States is the outbreak of shale gas  "revolution."

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