Motley Fool energy analyst Taylor Muckerman interviewed Art Eunson, general manager of General Electric's Bently Nevada product line. After being acquired in 2002 by General Electric, Bently Nevada has grown significantly and currently provides the oil and gas industry with sensors, monitors, and diagnostics.
In the interview, the two explore the benefits of the 2002 acquisition and the applications of Bently Nevada across the oil and gas industry. When Taylor points to the cost of offshore business, Mr. Eunson notes that reducing costs and improving efficiency drive the gas and oil technology company.
The interview continues on about the various applications and necessities for the sensors, monitors, and diagnostics of Bently Nevada and pinpoints safety and regulations as factors that have led customers to need their products.
Yet the company does more than offer technologies for offshore business, and Eunson broaches how Bently Nevada's technologies apply throughout the oil and gas industry. Finally, he offers how data analytics and cloud technologies impact not just Bently Nevada but also the oil and gas industry as a whole.
Check out the video below for more!
Three stock picks to ride America's energy bonanza
General Electric knows that record oil and natural gas production is revolutionizing the United States' energy position. The technology it is developing will help make this possible around the world.
For this reason, The Motley Fool is offering a look at three energy companies using a small IRS "loophole" to help line investor pockets. Learn this strategy, and the energy companies taking advantage, in our special report "The IRS Is Daring You To Make This Energy Investment." Don't miss out on this timely opportunity; click here to access your report -- it's absolutely free.