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GE to invest $110M in new Oil & Gas Global Research Center in Oklahoma

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The new facility, which is GE Research’s first sector-specific Center, represents a $110-million investment by the company and will result in the creation of 125 high-tech engineering jobs initially, in disciplines ranging from mechanical and electrical to systems and software engineering. —GE Chairman and CEO Jeff Immelt.

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Devon Energy and BP Enter Into $7.0B Property Sales Agreement and Oil Sands Joint Venture

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The undeveloped Kirby oil sands leases are in the south east of the Athabasca region of Alberta, close to the Devon-operated Jackfish development, which started production in 2007. Devon Energy Corporation is an Oklahoma City-based independent energy company engaged in oil and gas exploration and production.

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