GE 2015 Annual Report Download - page 71

MD&A SEGMENT OPERATIONS | OIL & GAS
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OIL & GAS
BUSINESS OVERVIEW
Leader: Lorenzo Simonelli
Headquarters & Operations
x Senior Vice President, GE and President &
CEO, GE Oil & Gas
x 21 years of service with General Electric
x 14% of segment revenues in 2015
x 15% of industrial segment revenues
x 14% of industrial segment profit
x Headquarters: London, UK
x Serving customers in 140+ countries
x Employees: approximately 39,000
Products & Services
Oil & Gas serves all segments of the oil and gas industry, from drilling, completion, production and oil field
operations, to transportation via liquefied natural gas (LNG) and pipelines. In addition, Oil & Gas provides industrial
power generation and compression solutions to the refining and petrochemicals segments. Oil & Gas also delivers
pipeline integrity solutions and a wide range of sensing, inspection and monitoring technologies. Oil & Gas exploits
technological innovation from other GE segments, such as Aviation and Healthcare, to continuously improve oil and
gas industry performance, output and productivity.
x Turbomachinery Solutions (TMS) ± provides equipment and related services for mechanical-drive, compression and power-
generation applications across the oil and gas industry. Our designs deliver high capacities and efficiencies, increase product flow
and decrease both operational and environmental risks in the most extreme conditions, pressures and temperatures. Our portfolio
includes drivers (aero-derivative gas turbines, heavy-duty gas turbines and synchronous and induction electric motors),
compressors (centrifugal and axial, direct drive high speed, integrated, subsea compressors and turbo expanders), and turn-key
solutions (industrial modules and waste heat recovery).
x Subsea Systems & Drilling (SS&D) ± provides a broad portfolio of subsea products and services required to facilitate the safe
and reliable flow of hydrocarbons from the subsea wellhead to the surface. In addition, the sub-segment designs and manufactures
onshore and offshore drilling and production systems and equipment for floating production platforms and provides a full range of
services related to onshore and offshore drilling activities.
x Measurement & Controls (M&C) ± provides equipment and services for a wide range of industries, including oil & gas, power
generation, aerospace, metals, and transportation. The offerings include sensor-based measurement; non-destructive testing and
inspection; turbine, generator and plant controls and condition monitoring, as well as pipeline integrity solutions.
x Surface ± provides products and services for onshore oil & gas wells and manufactures artificial lift equipment for extracting crude
oil and other fluids from wells. Specific products include downhole tools for well integrity, dry trees and surface wellheads, electric
submersible pumps, surface wellheads, wireline logging, artificial lift technologies, drilling pressure control equipment.
x Downstream Technology Solutions (DTS) ± provides products and services to serve the downstream segments of the industry
including refining, petrochemical, distributed gas, flow and process control and other industrial applications. Products include steam
turbines, reciprocating and centrifugal compressors, pumps, valves, and compressed natural gas (CNG) and small-scale LNG
solutions used primarily for shale oil and gas field development.
Competition & Regulation
Demand for oil and gas equipment and services is global and, as a result, is sensitive to the economic and political environment of each
country in which we do business. We are subject to the regulatory bodies of the countries in which we operate. Our products are
subject to regulation by U.S. and non-U.S. energy policies.
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