GE Inks $165M Contract With Chevron and 1 Dow Mover Not to Miss

General Electric Oil & Gas (NYSE:GE) reports that it has received a £102 million, or $165 million, contract to provide production equipment to Chevron’s Lianzi project, which lies offshore between Angola and the Republic of Congo. GE will supply a range of technologies to permit engineering, procurement and construction, and project execution, which includes the supply of nine subsea control modules, seven trees, topside and subsea controls distribution equipment and vertical connection systems. The first tree is set for completion in the fourth quarter of next year, with a cross-regional team from the firm’s Aberdeen, Nailsea and Sandvika (Norway) sites which are working together on project delivery.

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Intel Corporation (NASDAQ:INTC) announced on Monday that it was shipping the industry’s first solid state drive series with a 20-nanometer NAND flash memory process, which is the 335 Series. The 6 gigabit-per-second SATA drive, which features a 240 gigabyte capacity that performs 500 megabytes-per-second sequential reads and 450 MB/s sequential writes, represents Intel’s first SSD to utilize the latest 20nm NAND flash memory, which was jointly developed by IM Flash Technologies.

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