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GE Pushes Fracking Research With Lab in Bet on Shale Gas

2013-04-03 10:14:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: General Electric Co. (GE) will spend $110 million on a research lab in Oklahoma City to study ways to improve extraction of hard-to-reach oil and gas deposits, including hydraulic fracturing and horizontal drilling. The facility will hire as many as 125 engineers and scientists in the coming months and will eventually expand its research to more conventional drilling techniques, Chief Technology Officer Mark Little said in a telephone interview. Oil and gas is GEs fastest-growing segment,...

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