Chevron, GE In New Technology Development Alliance

Chveron Energy Technology Company and GE Oil & Gas announced this morning that they're in a new alliance, to help create new technology for the oil and gas industry. The companies said they have created the Chevron GE Technology Alliance to develop and commercialize "valuable" technologies for the oil and gas industry. Financial details of the alliance were not announced. Both companies have major operations in Texas, and both have been major investors in energy-related technology companies nationwide.