The Norman Transcript

Business

April 5, 2013

Norman on GE short list for center

(Continued)

NORMAN —

The new research center will become part of GE’s growing global research network. With centers around the world, GE Global Research is the hub of technology development for all of GE’s businesses, acting as an innovation incubator to bring products and solutions to market faster, according to a release issued by Fallin’s office.

“Collaboration is key to leading the unconventional resource revolution, and in Governor Fallin and the people of Oklahoma, we’ve found excellent partners,” said Immelt.

The university is fertile ground for such innovative collaboration opportunities.

“The relationship with OU was very important,” Wood said. “That was critical to the success of this project.”

GE has a global network of 50,000 scientists and engineers. The center will initially focus on technologies that enable safe, efficient and reliable production, delivery and use of unconventional oil and gas.

“Unconventional resources, and shale gas in particular, may be one of the biggest productivity drivers of our lifetime,” Immelt said. “At GE, we see a tremendous opportunity in the oil and gas space. Since 2007, we have invested $11 billion to build broad technical capabilities that can deliver productivity gains and foster innovation for our customers.”

GE Oil & Gas is the company’s fastest-growing business, with revenues of more than $15 billion and earnings and new orders having each grown 16 percent in 2012.

For local news and more, subscribe to The Norman Transcript Smart Edition, or our print edition.

Text Only | Photo Reprints
Business
  • Candy Basket celebrates 25 years

    Perhaps it’s the chocolate covered blueberries whose deliciousness still lingers. Or maybe it’s the blood orange and wild honey white chocolate ganache that won’t soon be forgotten by your taste buds. At The Candy Basket there is decadence ...

    July 20, 2014

  • Bramlett & Associates adopts new name reflective of business

    Bramlett & Associates Multimedia LLC (Bramlett Multimedia), 215 W. Main St., announced this month that the company will change its name after 12 years in business and will do business as BOLD-Multimedia. The announcement, made first to ...

    July 20, 2014

  • Toothpick holders convention coming to Norman

    Lynne Ryan has been collecting toothpick holders her entire life. “My parents, Mr. and Mrs. W.L. ‘Bud’ Gibbs started our collection in 1936,” Ryan said. Ryan was born in 1940, and she grew up crawling around toothpick holders, as have ...

    July 20, 2014

  • Protect your online banking, shopping with encryption

    In my free, one-night class called “Fight the Internet Bad Guys and Win,” I teach everyday computer users how to stay out of trouble on the Internet. How to avoid virus infections, how to discern between the genuine and counterfeit, and ...

    July 20, 2014

  • Tourism in Okla. creates $17.2 M in economic benefit

    A new National Park Service report shows that the 1,108,103 visitors to Oklahoma’s national parks in 2013 spent $17.2 million and supported 176 jobs in the state. Oklahoma’s three national parks include: Washita Battlefield National ...

    July 20, 2014

  • Norman United Wayboard gets to work

    The United Way of Norman Board of Directors for 2014-15 has met for the first time. Leading the group as chair was Steve McDaniel of Oklahoma State Bank....

    July 20, 2014

  • Family tragedy opened one woman’s eyes to the need of the disabled

    Jean Bayles had a dream. The dream was to provide a fully accessible home for rent in Norman. Her brother, Terry Abbott, was injured when he was 15 and has been a quadriplegic since....

    July 13, 2014

  • HeyDay brings Boomerang back to Norman

    Boomerang Grille was a family-oriented, iconic restaurant for many Norman residents for many years. Few are the people who have not slid into those vinyl seated booths, picked up the red phone and ordered a Theta burger and onion rings or ...

    July 13, 2014

  • Residents serve Leadership board

    Four Norman residents are serving on the board of Leadership Oklahoma....

    July 6, 2014

  • Bellhops offer moving help to Norman

    Founders Cameron Doody and Stephen Vlahos launched Bellhops at Auburn University in 2011. “Our first year, we set a goal of 25 moves, and after three days we had moved 230 students during the college move in season.” Doody said. “That’s ...

    July 6, 2014