General Electric’s largest industrial business unit is downsizing by 18% as it faces a disruptive marketplace, with depressed demand for natural gas and coal services and a surge toward alternative energies.
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GE’s Immelt Shares Concern over Trump’s Migrant Travel Ban
General Electric (GE) CEO Jeff Immelt, who is overseeing the merger of the oil and gas group with Baker Hughes Inc., is attempting to calm his global workforce following President Trump’s immigration order that temporarily bans migrants from seven Muslim-majority countries and bars entry by refugees into the United States.
January 30, 2017
GE, Partners to Develop U.S. LNG Transport Network
A high-octane consortium with deep fueling and financing on Wednesday said it had formed Eagle LNG Partners to develop a network of U.S. liquefied natural gas (LNG) production facilities.
September 20, 2013