GE, Statoil to collaborate on energy solutions

Offshore staff

FAIRFIELD, Connecticut/ STAVANGER, Norway –GE and Statoil have announced a collaboration to accelerate the development of “more environmentally and economically sustainable energy solutions.”

This joint technology-focused program is aimed at driving an industrial response to some of the challenges facing globaloil and gas production, including flaring, CO₂ and methane emissions, and water usage, while also optimizing business operations.

Some specific targets include:

• Reduce flaring and lower CO₂ intensity
• Reduce water usage through CO₂ stimulation
• Increase fuel efficiency through gas compressor optimization and turbine online water wash technology.

GE and Statoil are also launching a global Open Innovation Challenge for anyone to develop potential solutions and make energy production more sustainable.

01/29/2015