PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: General Electric Company

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

GE Believes UK Can be Oil & Gas Industry’s Capital for Subsea Systems - Over 200 business leaders, government officials and members of the press gathered at the Aberdeen Council and Shire Economic Future conference to discuss ‘Securing Investment for Success’ and heard Rod Christie, CEO Subsea Systems, GE Oil & Gas
GE Believes UK Can be Oil & Gas Industry’s Capital for Subsea Systems

 

NewswireToday - /newswire/ - Aberdeen, United Kingdom, 2012/09/07 - Over 200 business leaders, government officials and members of the press gathered at the Aberdeen Council and Shire Economic Future conference to discuss ‘Securing Investment for Success’ and heard Rod Christie, CEO Subsea Systems, GE Oil & Gas. NYSE: GE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• The Oil & Gas Industry is Crucial to the Future of the UK Economy and Energy Security;
• Knowledge Gained from the Challenges of North Sea Development can be Exported Globally.

Over 200 business leaders, government officials and members of the press gathered today at the Aberdeen Council and Shire Economic Future conference to discuss ‘Securing Investment for Success’ and heard Rod Christie, CEO Subsea Systems, GE Oil & Gas, speak about the significant opportunity for growth in the subsea sector in the UK over the coming years.

“The oil and gas Industry is now developing extremely complex and advanced technical solutions here in Aberdeen and across the UK that will meet the challenges of safely recovering deep-sea oil and gas reserves across the globe,” Christie explained. “Growth in the subsea industry is currently outstripping other energy sectors and we can expect this growth to continue into the medium to long term, delivering economic growth for the region and energy security for the UK.”

According to UK government statistics, oil & gas is one of the largest investors among UK industrial sectors. It currently supports about 450,000 jobs across the UK economy and the scale of the supply chain is reflected by an estimated annual turnover of £16bn.

Exploration and recovery of oil and gas reserves in the North Sea have created demand in the UK for new subsea engineering solutions to help address the challenges of safe and reliable performance in increasingly hostile and complex deep-water production projects. The experience gained from these projects in the UK will enable the industry to support a vital export market by meeting similar demand from provinces around the world.

“The competence of skills and the quality of technology, particularly of those in the subsea sector here in Aberdeen, are very much in demand globally,” said Christie. “With the UK oil and gas export business currently estimated at more than £5bn a year, we have the potential to sustain the domestic industry well beyond the life of the UK Continental Shelf (UKCS).”

However, a report out this week says that Aberdeen must attract 120,000 recruits - the equivalent of the city's current workforce - if it is to realise its potential as a global energy capital. Accountants firm PwC said the recruits are needed by 2022, as almost half the industry's workforce is now over 45.

Christie concluded: “The opportunity is clear but for it to be realised Aberdeen will need to take action now and be brave about long term planning and investment decisions in education, infrastructure, and housing to cope with and sustain the levels of growth that the offshore oil & gas Industry can provide”

Background
Aberdeen City and Shire Economic Future (ACSEF) is a public-private partnership driving economic development in the region. It brings together Aberdeen City and Aberdeenshire Councils, Scottish Enterprise, Aberdeen & Grampian Chamber of Commerce, Skills Development Scotland and VisitScotland with business and academia to ensure a collaborative approach to growing the economy and enhancing quality of life. The ACSEF Board also fulfils the function of SE’s Regional Advisory Board in Aberdeen City and Shire.

About GE
GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.

Contact
GE news, Masto Public Relations - E: information[.]mastopr.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: General Electric Company

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


GE Believes UK Can be Oil & Gas Industry’s Capital for Subsea Systems

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

GE News Center |
Publisher Contact: Neil Gazeley - GE Oil & Gas 
+44(0)12 2344 9395 neil.gazeley[.]ge.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any General Electric Company securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From General Electric Company / Company Profile


Read Energy Most Recent Related Newswires:

Enel and Luxottica Group Inaugurate Innovative Mini-biomass Plant in Northern Italian Town of Agordo
The Abraaj Group and ENGIE to Develop a Wind Power Platform in India
Enel Starts Operation of South America's Two Largest Solar Parks in Brazil
Anheuser-Busch and Enel Green Power Announce Renewable Energy Partnership
EDP Renováveis and ENGIE Consortium Awarded Long-term CfD for 950 MW Offshore Wind Project in UK
E-Distribuzione Installs over A Million Electronic 2.0 Open Meters
ENGIE, through its Subsidiary ENGIE Axima, has Opened Exclusive Negotiations to Buy MCI, French Specialist in Industrial and Commercial Refrigeration
Enel Starts Construction of Peru’s Largest Wind Farm
GE Hits 5GW Milestone of Wind Energy in Brazil
Enel Starts Operations of Delfina Wind Farm in Brazil
GE to Install Advanced Wind Turbines for 150 MW Clean Power Project in Pakistan’s Jhimpir Corridor
ENGIE to Develop its First Renewable Project in Mongolia
Enel Starts Construction of Ayanunga Hydro Plant in Peru
Sundance Square and Green Mountain Energy Announce Extended Clean Energy Partnership
Enel Signs Tax Equity Agreement for 300 MW Red Dirt Wind Project in the USA

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)