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 Expands Portfolio of Drilling Measurement Solutions for the Oil & Gas Industry - GE Oil & Gas and Sharewell Energy Services have signed an agreement that gives GE exclusive worldwide rights to sell Sharewell’s proprietary electromagnetic telemetry (EM) technology (NYSE: GE) - Sharewell.com
GE Expands Portfolio of Drilling Measurement Solutions for the Oil & Gas Industry

 

NewswireToday - /newswire/ - Florence, Italy, 2013/01/28 - GE Oil & Gas and Sharewell Energy Services have signed an agreement that gives GE exclusive worldwide rights to sell Sharewell’s proprietary electromagnetic telemetry (EM) technology (NYSE: GE) - Sharewell.com. 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!


 

• Signs Agreement to Sell Sharewell’s Electromagnetic Telemetry Technology;
• New Offering to Help Customers Improve Efficiency of Drilling Deep Wells;
• Sharewell Technology Proven in Nearly 700 Commercial Wells.

GE Oil & Gas (NYSE: GE) and Sharewell Energy Services, a Houston-based supplier of directional drilling solutions for the oil and gas industry, have signed an agreement that gives GE exclusive worldwide rights to sell Sharewell’s proprietary electromagnetic telemetry (EM) technology. The agreement was announced today at the GE Oil & Gas Annual Meeting in Florence, which draws industry leaders from around the world.

GE will sell Sharewell’s Electro-Trac EM Measurement While Drilling (MWD) technology as part of GE’s MWD portfolio, enabling customers to expand their businesses into areas where EM MWD is applicable and to improve operating efficiencies by offering telemetry rates six times greater than conventional mud pulse based MWD systems.

“The new partnership moves Sharewell’s advanced EM MWD telemetry technology to the next level by combining GE’s global support network and best-in-class downhole sensing technology to offer customers a more complete solution in key global markets,” said James Junker, general manager of GE’s Downhole Technology business. “The agreement allows GE to offer an industry-leading compatible product to the large installed GE customer base and to attract new customers to GE MWD systems.”

The Electro-Trac EM system includes a rugged downhole assembly consisting of a gap-sub antenna package, an electronic assembly and a battery package. The system contains no moving parts, enhancing operations. The surface system includes a power amplifier for two-way communication with the EM tool. The technology is particularly suited for drilling applications where mud-pulse technology is problematic, such as underbalanced drilling.

Basic research for the development of the data fusion technology was done under a cooperative grant from the U.S. Department of Energy’s National Energy Technology Laboratory, as part of the “Deep Trek” initiative. The goal of that program was to develop technologies that lower the cost and improve the efficiency of drilling and completing deep wells. Sharewell’s data fusion system has completed nearly 700 commercial wells to depths of more than 15,300 feet.

About Sharewell
Sharewell (sharewell.com) has been providing technologically advanced directional drilling solutions to the oil and gas industry for over a decade. Sharewell specializes in cost-effective EM MWD technology where speed, reliability and application flexibility are required.

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.

About GE Oil & Gas
GE Oil & Gas is a world leader in advanced technologies and services with 37,000 employees in more than 100 countries supporting customers across the industry from extraction to transportation to end use. Making the environment, health and safety, quality and integrity our highest priorities is The Way We Work. Our technologies and services include: surface and subsea drilling and production, monitoring and diagnostics, measurement and controls, large-scale LNG, pipeline compression and inspection, well site and industrial power generation, technologies for the refining and petrochemical industries, and modular CNG and LNG units for transportation sectors. Through our customized service solutions, training programs and technologies, GE Oil & Gas partners with customers to maximize their efficiency, productivity and equipment reliability; develop their next generation workforce; and fully benefit from the megatrends of natural gas, the growth of subsea and hard-to-reach reserves and the revolution in asset health management.

Contacts

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

Kristin Schwarz*, GE Oil & Gas - Drilling & Surface
P: +1 713 458 3934 / M: +1 713 805 3635 - E: kristin.schwarz[.]ge.com.

Ken Darling, Masto Public Relations
P: +1 518 786 6488 - E: kenneth.darling[.]ge.com.

Kate Culman, Masto Public Relations
P: +1 518 786 6488 - E: kate.culman[.]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 Expands Portfolio of Drilling Measurement Solutions for the Oil & Gas Industry

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 | Sharewell
Publisher Contact: Fabio Pianini - GE Oil & Gas 
+39 055 423 8872 fabio.pianini[.]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:

ENGIE and Statoil Agree on the Renegotiation of Their Long-term Gas Supply Contracts
ENGIE and AES Andres Leverage Core Strengths to Provide Reliable and Competitive LNG Supply in the Caribbean
Power Costs, Inc. (PCI) and GE Power Collaborate to Link Energy Operations with Energy Trading for End-to-End Machine to Market Software Solutions
GE Oil & Gas Signs Agreement with TAG GmbH to Install New Tuning Maintenance (TUMAS) Software on Entire Fleet of Gas Turbines
ENGIE Announces Two New Major Collaborations to Foster New Innovative Green Gas Production Methods Across Europe
Enel Inaugurates Apiacás Hydropower Complex in Brazil
Steam and Gas Turbine Manufacturers Realign Strategies to Harness Growth Opportunities within Clean Power Generation
Enel Starts Construction of Peru’s Largest Solar PV Plant
GE and Maersk Drilling to Pilot Marine Digital Transformation
SolarWinds to Join the Discussion on Interoperable IT Management for Defense Forces at AFCEA’s TechNet Asia-Pacific 2016
BP and GE Launch New Offshore Digital Technology with Plans to Deploy Globally
GE Digital Acquires ServiceMax to Extend Predix and Analytics Across Field Service Processes
GE Digital Launches Collaborative App Development Program to Expand Digital Industrial Ecosystem
Voith Awarded A Prestigious Automation Contract for Two Norwegian Hydropower Plants
Joint Wind Farm Pilot Project by ENGIE, EDP Renewables, La Caisse Des Dépôts, Eiffage/Principle Power, GE Selected from Call for Floating Wind Turbine

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free 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)