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Friday, September 10, 2010 10:05 AEST

ELECTRICITY

Al Shaheen signs 2 energy services deals with GE Oil & Gas

Posted on: Tuesday, December 29, 2009 ; 00:00 IST

Al Shaheen Energy Services, subsidiary of the state-owned Qatar Petroleum (QP), and GE Oil & Gas, a global leader in the supply of technology-based equipment and services for the entire oil and gas industry, have signed two partnership agreements, consolidating GE Oil and Gas’ PII Pipeline Solutions’ presence in Qatar and the Middle East, and establishing a Joint Venture for aftermarket services of turbomachinery equipment in Qatar. Al Shaheen Energy Services is a wholly owned subsidiary of Qatar Petroleum (QP) established to develop partnerships in the oil and gas and energy industries. Under the first agreement Al Shaheen Energy Services has entered into a 50:50 strategic Joint Venture partnership in GE Oil & Gas’ PII Pipeline Solutions business. According to company sources. GE Oil & Gas will maintain operational control of the business. The company name will be PII Pipeline Solutions, an Al Shaheen/GE Oil & Gas Company. Its logo, inspection tool names, services and software will remain the same. Together, GE and Al Shaheen will establish a dedicated Integrity and Inspection centre in Qatar, expected to be opened in [ Continued in next page... ]
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