In three years, General Electric Co. has gone from only dabbling in oil and gas to investing a whopping $15 billion in the sector, with an eye for diversity and new technology—not drilling and producing.
The bottom line is that hydraulic fracking has opened a number of new doors for GE, so much so that GE Oil & Gas is becoming the company’s fastest-growing department.
What GE Oil & Gas seems to be taking advantage of is the opportunity here to improve fracking by adapting existing technology and creating new technology to make fracking more manageable and remove environmental concerns. It’s a strategy that attempts to capture a major share of the fracking market from all angles. read more via Can GE Make Fracking Safer?.
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