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SYS-CON MEDIA Authors: Elizabeth White, Pat Romanski, Yeshim Deniz, Liz McMillan, Roger Strukhoff

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Chevron Technology Ventures and GE Oil & Gas to Participate at Shale Gas Innovation Contest Finals

On May 15, 2014 in Southpointe, PA during the Third Annual Shale Gas Innovation Contest, an Innovation Panel will feature Kemal Anbarci, Vice President & Managing Executive, Chevron Technology Ventures, Richard Hall, Global Marketing Director, GE Oil & Gas, and Uday Turaga, CEO, ADI Analytics. Click on http://www.sgicc.org/shale-gas-innovation-contest.html to view the full agenda and to register to attend the free event.

Chevron Technology Ventures champions innovation, commercialization and integration of emerging technologies within Chevron. CTV identifies, acquires, tests, validates, and, if appropriate, helps integrate technologies into the company's core businesses. Currently 15 companies in the O&G space are in their investment portfolio.

According to a January 2014 GE press release, Oil & Gas is one of GE’s fastest-growing businesses, with orders rising from less than $1 billion per year in 1994 to nearly $20 billion today and profits growing at an average 16 percent over the past three years. With a major emphasis on expanding their O&G business, GE has their eyes keenly on new innovations related to their O&G interests.

ADI Analytics is a boutique consulting and advisory firm specializing in oil and gas, energy, and chemicals. ADI CEO Uday Turaga commented, “The unconventional resource industry owes everything to innovation -- right from its birth through its rapid development in the past few years. But we are nowhere done yet and innovation alone will ensure the industry’s sustainable growth through the next generation of challenges around well productivity, water management, flaring, and resource monetization.”

The Ben Franklin Shale Gas Innovation and Commercialization Center (www.sgicc.org) supports and commercializes early-stage technologies that enhance responsible stewardship of the environment while properly utilizing this energy asset.

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