about 18 years ago
A unit of General Electric Co. (GE) announced Tuesday it is investing $54 million to become part owner of a ship drilling for oil off the coast of Brazil. As the price of oil skyrockets, investors and explorers are drilling further offshore and in deeper waters for oil. The equity investment in offs
A unit of General Electric Co. (GE) announced Tuesday it is investing $54 million to become part owner of a ship drilling for oil off the coast of Brazil.
As the price of oil skyrockets, investors and explorers are drilling further offshore and in deeper waters for oil. The equity investment in offshore drilling is a first for GE Energy Financial Services.
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