GE seals Baker Hughes buyout deal, becomes no. 2 oilfield service provider
General Electric Co on Monday completed its buyout of Baker Hughes Inc, merging it with its own oil and gas equipment and services operations to create the world’s second-largest oilfield service provider by revenue. The new company, to be called “Baker Hughes, a GE company,” will begin trading on Wednesday on the New York Stock […]
Five conglomerates bidding on $8 bn Hamrawein clean coal plant today
Five conglomerates are expected to bid on the USD 8 billion Hamrawein clean coal power plant tender, which the Electricity Ministry will issue today following multiple delays, Al Mal reports. Expected bids will be from Shanghai Electric and Dongfang Electric Corporation, in addition to consortiums formed between Harbin and General Electric; Mitsubishi and Hitachi; and […]
GE to localize its equipment manufacturing in Egypt
The company is looking for another location to establish a new facility. General Electric (GE) Oil & Gas president and CEO for the Middle East, North Africa, and Turkey region (MENAT), Rami Qasem, stated that the company is committed to Egypt, adding that GE is willing to localize more of its manufacturing in the country. […]
GE completes upgrade of Kureimat Power Plant in Upper Egypt
General Electric Completes Upgrade at Upper Egypt Electricity Company’s Kureimat Plant in Egypt to Increase Output by 7.8 Percent. • The Upgrade Increased the Plant’s Output by 7.8 Percent and Decreased Its Fuel Consumption by 2.8 Percent. • The Project Will Help Improve the Power Plant’s Efficiency and Reduce Operational Costs. GE announced that it […]
Expanded GE Oil & Gas service facility for a growing Egyptian Industry
• GE Oil & Gas to expand its services facility in the industrial free zone with an additional 2,000 sqm. • The expanded facility will handle the assembly, disassembly, repair, maintenance and testing for GE Oil & Gas upstream products. • The facility will include a Training Center for GE customers and employees. Following a […]
GE Oil & Gas expands services facility in Egypt
GE Oil & Gas has announced the expansion of its services facility in Egypt with an additional 2,000 sq m in the industrial free zone. The total area of the facility will now reach 5,000 sq m. Following a meeting with Mohamed Khodair, chairman of the General Authority for Investment and Free Zones (GAFI), GE […]
GE and Baker Hughes Create New Fullstream Digital Industrial Services Company
“New” Baker Hughes, a GE Company, will be a leader in oil and gas productivity • Highly complementary transaction combines GE’s oil and gas technology, manufacturing and digital platform with Baker Hughes’ oilfield services offerings and technologies • Combination creates an unparalleled company positioned to deliver value for customers and investors • GE to own […]
GE appoints Joseph Anis as MEA President & CEO for Power Services
GE today announced the appointment of Joseph J. Anis as President and Chief Executive Officer for its Power Services business for the Middle East and Africa (MEA). His appointment follows the move of Azeez Mohammed, who takes on a new role as CEO for GE Energy Connection’s Power Conversion unit based in Paris. Power Services […]
Honeywell looks to expand presence in Egypt, appoints new Country President
· Appointment reinforces Honeywell’s commitment to supporting the growth ambitions of Egypt’s economy and businesses. Honeywell, a Fortune 100 cyber industrial company, has announced the appointment of Khaled Hashem as its new Country President for Egypt. The appointment marks a significant milestone for Honeywell, as the company continues to strengthen its presence in Egypt by […]