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GE (GE +1.8%) wins a $150M deal to supply LNG technology to Malaysia's Petronas and says it's...

GE (GE +1.8%) wins a $150M deal to supply LNG technology to Malaysia's Petronas and says it's aiming to double its oil and gas business in Asia in the next 3-5 years. The conglomerate is looking to exploit $40B of projects in Indonesia and Vietnam, as well as in Malaysia, with one area of interest being off-shore LNG ventrues.
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Comments (4)
  • doc47
    , contributor
    Comments (1337) | Send Message
     
    This looks good! Let's just hope the politicians leave them alone and let all of the companies involved do the work without interference or excessive taxes and regulations.
    6 Jun 2012, 12:12 PM Reply Like
  • zbignue
    , contributor
    Comments (453) | Send Message
     
    $150 M is a mere pittance for GE. Hardly enough to keep the lights on. It's the potential to tap into $40B that's interesting but,that's just the carrot on a stick.
    6 Jun 2012, 12:52 PM Reply Like
  • WPSPIKER
    , contributor
    Comments (1158) | Send Message
     
    Wonder if they are double dipping the $ the Chesapeake gave them to develop Nat Gas tanks/Equipment on a commercial scale? In any case it is about time, there should be a "Shade Tree Mechanic" kits made available to convert our old pickups to Nat Gas CNG or LNG... That would be a major boost to earnings from what I can see. the often quoted 5~8,000 bucks to convert one is insane and why it is a pipe dream until it is under 800~1,000 bucks to convert a car/truck over to LNG/CNG or dual fuel machines.

     

    Mark
    6 Jun 2012, 07:54 PM Reply Like
  • ALPHATWO
    , contributor
    Comments (4) | Send Message
     
    The Markets need to revisit GE, the company I worked for in GE Plastics as a very successful Manager/Mentor of Manufacturing. The company has reinvented itself, and should be priced as a stock at $60 per share ASAP. GE will lead the revitalized globalization of US particapation in the Global Economy!
    7 Jun 2012, 12:15 AM Reply Like
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