By RTT News,
February 03, 2014, 02:07:00 AM EDT
(RTTNews.com) - Chevron Energy Technology Company and GE Oil & Gas announced the formation of the Chevron GE Technology Alliance, which will develop and commercialize valuable technologies to solve critical needs for the oil and gas industry.
The Alliance builds upon a current collaboration on flow analysis technology for oil and gas wells. It will leverage research and development from GE's newest Global Research Center, the first dedicated to oil and gas technology.
This partnership builds upon an ongoing collaboration between Chevron ( CVX ) and GE ( GE ) developing the GE Safire flow meter, now being tested and deployed on Chevron land-based well production lines in the western U.S. In addition to the flow metering collaboration, which is being conducted with the Measurement & Control business within GE Oil & Gas, the Alliance is also managing a coatings project and will be taking on additional high-value projects in the near future.
The Alliance provides a mechanism for commercializing early stage technologies from Chevron, GE or other technology partnerships. For example, GE flow meter products will be developed incorporating the Swept Frequency Acoustic Interferometry metering technology incubated in an alliance between Chevron and Los Alamos National Laboratory.
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