One company determined to ride the wave is GE Oil & Gas, which has the country firmly in mind for its expansion plans.

GE’s activities in the oil and gas sector began 10 years ago with the acquisition of Nuovo Pignone, fabricating offshore gas compressors and then turbines.

The group’s expansion into the upstream sector continued with the acquisition of Hydril, a manufacturer of blowout preventers, and Sondex, offering expertise in downhole technologies.

GE