In today's Twitter segment of Where The Money Is, Maersk Drilling tweets that it has just ordered four blowout preventers, or BOPS, from General Electric's (NYSE:GE) oil and gas division for its Project 20K agreement with BP (NYSE:BP). This project is all about expanding into areas that have been too harsh for drilling in the past, and it's going to require some of the most advanced -- and toughest -- equipment, including these BOPs.
In the following video, Motley Fool energy analysts Taylor Muckerman and Joel South discuss what this means for the energy sector and what General Electric has done lately to become a major presence in the oil and gas sector.
Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool owns shares of General Electric Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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