Deal gives GE a crown jewel of the oil industry

General Electric’s $2.8bn (£1.74bn) acquisition of Aberdeen-based John Wood Group’s well support division has secured one of the British company’s crown jewels: its electric submersible pumps, which are in ever greater demand for squeezing more oil out of ageing fields.
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The deal has also strengthened GE’s oil and gas business to the point that the group presents it as a global force with “a really terrific portfolio”.

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It Isn’t a Conspiracy – It’s Just Money, Fashion & Power « NoFrakkingConsensus

If a large percentage of your customers think green is great, you try to market yourself as environmentally friendly. Smart companies try to cover all the bases – ensuring that they’re well placed to prosper no matter what happens. But they invest most heavily in the outcome they judge to be most likely.

This explains why Big Oil has thrown far more money at those who embrace the green perspective than those who articulate the skeptic one