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, PetroSA Pursuing Cooperation Across South Africa’s Energy Spectrum - GE and PetroSA, South Africa’s National Oil Company, today signed a MOU to establish a framework for exploring cooperation between the two companies that could lead to future commercial opportunities and help support the country’s ongoing economic growth
GE, PetroSA Pursuing Cooperation Across South Africa’s Energy Spectrum

 

NewswireToday - /newswire/ - Cape Town, South Africa, 2011/09/26 - GE and PetroSA, South Africa’s National Oil Company, today signed a MOU to establish a framework for exploring cooperation between the two companies that could lead to future commercial opportunities and help support the country’s ongoing economic growth. 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!


 

• MOU Opens a Path for Future Commercial Opportunities;
• Relationship Could Benefit Both Companies and the People of South Africa;
• GE Solutions Cover the Full Range of Energy, Oil and Gas Applications.

GE (NYSE: GE) and PetroSA, South Africa’s National Oil Company, today signed a memorandum of understanding (MOU) to establish a framework for exploring cooperation between the two companies that could lead to future commercial opportunities and help support the country’s ongoing economic growth.

The MOU was signed by John Krenicki, GE vice chairman and president and CEO of GE Energy; and Dr. Benny Mokaba, PetroSA chairman. The MOU covers the following areas for potential cooperation:

• Optimization of existing PetroSA facilities, such as energy and water efficiency improvements at Petro SA’s gas-to-liquids refinery in Mossel Bay, one of the world’s largest GTL complexes;
• Greenfield projects, such as possible participation by GE in the development of a utility island for the Mthombo refinery at Coega, South Africa;
• Upstream projects, including technological solutions for shale gas exploration and enhanced heavy oil recovery;
• Renewable energy, a sector where PetroSA is interested in developing its expertise and involvement;
• Other areas such as technology support, leadership development, technical training and potential agreements that may result from the MOU.

“As South Africa’s national oil company, our mandate is to commercialize all state-owned assets in the petroleum sector and to manage them as a profitable business for the benefit of all South Africans,” said Dr. Mokaba, chairman of the board for PetroSA. “Through the MOU with GE, we are exploring the benefits of cooperation in areas where PetroSA’s interests may be served by GE Energy’s expertise, global capabilities and experience.”

“We are excited about the prospects of working more closely with PetroSA to develop a relationship that will benefit both companies and will support the continued economic and social growth of South Africa and its people,” said Krenicki. “With one of the industry’s most comprehensive portfolios of advanced technologies and services, we are well positioned to help PetroSA develop solutions for challenges across the energy and oil and gas landscape.”

GE, with its global and local partners, has the capabilities to provide diverse, integrated solutions including power generation, oil and gas, energy management, energy efficiency, carbon footprint and wastewater treatment. In addition, GE is a global leader in providing renewable energy solutions including wind power, concentrated solar power and photovoltaic technologies.

About PetroSA
The Petroleum Oil and Gas Corporation of South Africa Ltd. (PetroSA) is a subsidiary of the Central Energy Fund, which is wholly owned by the state and reports to the Department of Energy. Core business activities of PetroSA include the exploration and production of oil and natural gas; participation in and acquisition of local and international upstream petroleum ventures; production of synthetic fuels from offshore gas; the development of domestic refining and liquid fuels logistical infrastructure; and the marketing and trading of oil and petrochemicals.

About GE
GE (ge.com) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide.

GE also serves the energy sector by providing technology and service solutions that are based on a commitment to quality and innovation. The company continues to invest in new technology solutions and grow through strategic acquisitions to strengthen its local presence and better serve customers around the world. The businesses that comprise GE Energy—GE Power & Water, GE Energy Management and GE Oil & Gas—work together with more than 90,000 global employees and 2010 revenues of $38 billion, to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; as well as other alternative fuels and new grid modernization technologies to meet 21st century energy needs.

PRESS Contacts
Howard Masto, Masto Public Relations
P: +1 518 786 6488 / E: howard.masto[.]ge.com.

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

Kaizer M. Nyatsumba, PetroSA
P: +27 21 929 3117 / E: kaizer.nyatsumba[.]petrosa.co.za.

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, PetroSA Pursuing Cooperation Across South Africa’s Energy Spectrum

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: Kristin Schwarz - GE Energy 
+27 11 237 0056 kristin.schwarz[.]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:

GE and Sarawak Energy Sign Multiyear Deal in Malaysia for Tanjung Kidurong Power Station, Bintulu
GE Hitachi Nuclear Energy and Bechtel Form Decommissioning Alliance
GE Equips New 1,320 MW CPHGC Power Plant to Help Pakistan Meet Growing Energy Needs
SolarWinds Empowers IT Professionals with the Ultimate Hybrid IT Performance Management Platform
Invenergy Closes Purchase Agreement for the La Jacinta Solar Farm in Uruguay
ENGIE Acquires EV-Box - The Largest European Electric Vehicle Charging Player
GE Renewable Energy to Showcase Expertise in Hydropower At Africa 2017 In Marrakesh, Morocco
GE Awarded Contract for First HA Gas Turbine in China
GE Power Signs Multiyear Agreement and First Cybersecurity Solution in Latin America
GE Hitachi Nuclear Energy and ARC Nuclear Announce Cooperation to Accelerate Commercialization of Advanced Small Modular Reactor
Shermco Industries Receives Gold Safety Recognition from the American Wind Energy Association
GE’s Fuel-Flexible Power Plant Brings Vital Energy Boost to Ghana
ENGIE Wins Nearly 78 MW of Photovoltaic Projects in France
Enel Launches Innovation Hub with UC Berkeley Accelerator in its First Partnership with A Major Multinational Corporation
ENGIE Welcomes the GE Water & Process Technologies Takeover by SUEZ

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 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)