Chevron (CVX) Awards GE Oil & Gas (GE) with Offshore Gulf of Mexico Contract
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Price: $159.19 -2.11%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 0.7%
EPS Growth %: +203.7%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 0.7%
EPS Growth %: +203.7%
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GE Oil & Gas (NYSE: GE) will supply three customized aeroderivative gas turbine-generator modules to provide reliable electric power for a new Chevron (NYSE: CVX) floating production unit that will produce oil and gas from the Jack and St. Malo fields in the Gulf of Mexico, approximately 280 miles south of New Orleans and at a water depth of approximately 7,000 feet.
GE will provide three LM2500+G4 gas turbine generator modules, each mounted on a three-point support base plate, designed with marine corrosion-resistant materials to overcome footprint restrictions and withstand pitch, roll and acceleration forces anticipated for a floating production unit operating in deep waters.
GE will provide three LM2500+G4 gas turbine generator modules, each mounted on a three-point support base plate, designed with marine corrosion-resistant materials to overcome footprint restrictions and withstand pitch, roll and acceleration forces anticipated for a floating production unit operating in deep waters.
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