GE Oil & Gas today announced the launch of its new Downstream Technology Solutions (DTS) business to more efficiently supply equipment and services to the $10 billion refining, petrochemical, industrial and distributed gas segments.
Headquartered in Houston, DTS offers multiple downstream technologies and services including steam turbines, blowers, distributed gas solutions, reciprocating compressors, pumps, valves and distribution systems. The business also provides maintenance services and remote monitoring and diagnostics.
“By launching our new Downstream Technology Solutions business, GE can help our customers optimize their operations and accelerate their own growth in this opportunity-filled sector,” said Lorenzo Simonelli, president and CEO GE Oil & Gas. “The new business also positions GE to more effectively focus on key downstream industry trends and to better anticipate customer needs.”
In January 2014, GE agreed to acquire Cameron’s Reciprocating Compression division, which, subject to customary approvals, upon closing also will join DTS. The high-speed reciprocating compressors are used in applications in the development of shale oil and gas fields. DTS also is the home of the recently-acquired Salof product lines of small-scale, modular liquefied natural gas plants designed to help rail, marine, trucking and industrial customers convert to cleaner-burning natural gas for fuel and power generation.
“Our new Downstream Technology Solutions business allows us to be leaner, faster and closer to our customers that are doing business in an increasingly competitive global landscape,” said Hasan Dandashly, vice president Downstream Technology Solutions for GE Oil & Gas. “The creation of this new business demonstrates how GE, although a large company, can be agile and fast when it comes to new business opportunities.”
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