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General Electric reports success in Oil & Gas sector

09 Sep 2014
General Electric has reported success within the oil and gas sector following its significant acquisitions over the past two years.

The company is starting to reap the rewards of their tailored division which supplies products and services for oil and gas companies, and is becoming a key player in a market where it had previously been a niche supplier.

In 2012, General Electric bought assets costing $11bn making it one of the world’s largest suppliers of oil and gas equipment and services, employing 45,000 people.