HPC Market Watch
GE Energy (NYSE: GE) announced today that it is investing $10 million in the development of a new Oil & Gas Training Facility to support and advance training and development for its customers and employees. Training at the facility will focus on customer, technical and leadership skills aimed to meet the changing needs and growing global demand for drilling technologies. Scheduled to open in the fourth quarter of 2012, the 50,000-square-foot facility will be GE’s premier oil and gas training facility in the U.S. The company also is creating approximately 100 new technical jobs in Houston to support the growth of GE’s Drilling Systems business, which is headquartered at the same location.
Rendering of GE's new Oil & Gas Training Facility in Houston, Texas (Photo: Business Wire)
Located at GE’s Drilling Systems Technology Center, the new facility will continue to drive competitiveness in the region and reinforces Houston’s claim to the title of “energy capital of the world.”
“Despite tough economic times, Houston has demonstrated an unwavering economic strength—due in no small part to the energy leadership and innovative manufacturing found throughout this region,” said John Krenicki, vice chairman, GE and president and CEO, GE Energy. “Today’s announcement emphasizes our continued commitment to investing in solutions that power the world, as well as in opportunities that drive American competitiveness.”
Krenicki announced the new investment following a keynote address to local business and community leaders at a breakfast co-hosted with Greater Houston Partnership. His address, and the subsequent panel discussion, focused on what’s working in Houston’s dynamic energy and manufacturing sectors and the critical role of innovation to ensure continued growth.
“The new Oil & Gas Training Center is a key part of our strategy to meet the growing global demand in drilling technology,” said Chuck Chauviere, general manager, drilling, GE Oil & Gas. “At GE, safety is a top priority and the continuing development of a safe, well-trained workforce is the key to the industry’s success. Through this investment, we are continuing our commitment to deliver world-class internal training programs and innovative solutions to meet our customer’s needs every day.”
GE’s Drilling Systems Technology Center employs more than 600 people and exports approximately 70 percent of the products manufactured on-site. The facility features an enclosed high bay area used to fully assemble, test and certify blowout preventer stacks before deployment and a test-and-design laboratory used for thermal, strength and endurance testing for GE’s drilling technologies.
The investment represents another milestone in GE’s 100+ year history in Houston. Today, GE has nine business units employing approximately 6,000 people in 30 locations across the Greater Houston area, helping to build, power, move and cure the world.
GE Economic Impact in Texas
GE works to bring together the best people and technology to help solve the world's toughest challenges. GE’s presence, operations and impact in Texas extends far beyond just the Greater Houston Area. A new study has quantified GE’s economic impact across the state, showing that the company directly and indirectly contributes $5.6 billion per year to the state’s economy; this translates to $15.3 million each day.
Commissioned by GE and conducted by independent consulting firm Tripp Umbach using 2010 data, the study shows that $1 out of every $230 in the Texas economy is supported, in part, by GE’s presence. In fact, GE helps support more than 25,900 jobs in Texas, both directly and indirectly. With more than 8,200 direct employees, for every one job, our work supports an additional 2.13 jobs in the state or one out of every 546.
The study also demonstrates GE as a vital member of the Texas community. GE employees have volunteered more than 23,000 hours to community service, and the company has overall contributed nearly $4 million to local non-profit and community organizations.
GE (NYSE: GE) 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. For more information, visit the company's website at www.ge.com.
GE Energy works connecting people and ideas everywhere to create advanced technologies for powering a cleaner, more productive world. With more than 100,000 employees in over 100 countries, our diverse portfolio of product and service solutions and deep industry expertise help our customers solve their challenges locally. We serve the energy sector with technologies in such areas as natural gas, oil, coal and nuclear energy; wind, solar, biogas and water processing; energy management; and grid modernization. We also offer integrated solutions to serve energy- and water-intensive industries such as mining, metals, marine, petrochemical, food & beverage and unconventional fuels.
Follow GE Energy on Twitter @GE_Energy.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50269543&lang=en
Lindsay Lorraine, +1 347 712 0424
Rick Goins, +1 281 740 1422
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here
August 21, 2014
- Former Carnegie Mellon Computer Science Dean Now Assisting in White House Policy Office
- University of Delaware to Deploy Second HPC Cluster
- DESY and IBM Develop Big Data Architecture for Science
- Acceleware Releases Results for the Second Quarter of Fiscal 2014
- Terascala Enables Tech-X to Develop Scientific Applications for Big Data
August 20, 2014
- OLCF’s GPU Hackathon to Begin October 27
- Inspur Selects Micron as Leading Memory Provider for Server Portfolio
- 2014 IEEE International Conference on Cluster Computing Issues Call for Participation
August 19, 2014
- Imation Now Offering 6TB Drives with Nexsan E-Series Family
- ACME Project to Unleash Supercomputing on Climate Change
- DDN Reports Results for First Half of 2014
- Clemson Named CUDA Teaching Center by NVIDIA
August 18, 2014
- Speakers Announced for EnterpriseHPCâ14 Summit
- Blue Waters Project to Offer Graduate Visualization Course in Spring 2015
- Fujitsu Announces New Tier III Datacenters in North America
- UT Students Perform Mock Run for SC14 Student Cluster Competition
- CFIUS Approves Sale of IBM x86 Business to Lenovo
- SGI Opens New German Subsidiary
August 15, 2014
August 14, 2014
Most Read Features
- Fujitsu Targets 100 Petaflops Supercomputing
- Exascale Resilience Turns a Corner
- Adapting Algorithms to Modern Hybrid Architectures
- Chinaâs Supercomputing Strategy Called Out
- NERSC Launches Exascale Readiness Program with Intel, Cray
- Big Data Needs Big Funding: NSFâs Jahanian Makes The Case
- Academic HPC and Cloud Services Start to Blur
- Computer Science Education Act Hits Critical Milestone
- Charming Exascale Power Problems
- Bolstering Extreme Scale Computational Biology
- More Features…
Most Read Short Takes
- Jellyfish Use Novel Search Strategy
- Is This the Exascale Breakthrough Weâve Been Waiting For?
- Brainy IBM Chip Packs One Million Neuron Punch
- Parallel Programming with OpenMP
- DOE to Fund Exascale Resilience Research
- Deconstructing Mooreâs Lawâs Limits
- Building Parallel Code with Hybrid Fortran
- Parallel Computing Trends
- Earthquake Simulation Scales to 8.6 Petaflops
- DOE Highlights Exascale-Focused Research
- More Short Takes…
Most Read Off The Wire
- Dongarra and Team Start New Supercomputing Journal
- Top Supercomputers of India List Released
- CMU Scientists Design Way to Use Multiple Programming Languages Within Same Program
- Micron Appoints Stephen Pawlowski as VP of Advanced Computing Solutions
- RIKEN Researchers Run 10,240 Parallel Simulations of Global Weather on K Computer
- Bright Computing Raises $14.5M to Accelerate HPC, Hadoop, and OpenStack Business
- Cray Reports Second Quarter 2014 Financial Results
- AMD FirePro S9150 Server Card Unveiled
- IBM Expands HPC Capabilities in the Cloud
- AMD Opteron 64-Bit ARM-Based Developer Kits Now Available
- More Off The Wire…
- Read more…
- Read more…
- Read more…
- Read more…
- Read more…
- Read more…
- 8/15/14 | NetApp | Find out how new hybrid cloud architectures enable you to take advantage of public cloud resources from Amazon, Microsoft, and others while Read more…
- 7/17/14 | Acceleware | Learn about advanced software engineering techniques that leverage the power of todayâs parallel hardware to optimize applications for maximum Read more…
- Read more…
- Read more…
August 20 - 22San Diego CA United States
September 22New York NY United States
October 8 - 9Royal Victoria Dock London United Kingdom
October 23 - 24Shanghai China
November 4 - 6Santa Clara CA United States