GE/Accenture Launch Internet Pipeline Software, Columbia 1st Cust
GE’s Oil & Gas division has partnered with global management consulting firm Accenture to launch Intelligent Pipeline Solution, which they describe as “the first-ever Industrial Internet offering to help pipeline operators make better decisions concerning the condition of their critical machines and assets in the oil and gas pipeline industry.” Looks to us like it’s software in the cloud–software that will help companies keep track of their pipelines and equipment and help them make better/faster/safer decisions on when things need an upgrade, or an expansion. GE/Accenture, as part of announcing this new service, announced that Columbia Pipeline Group (division of Columbia Gas) is their flagship first customer–and Columbia is using it to help manage (yes) their Marcellus/Utica Shale pipeline network…
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Big news from MDN friend and Marcellus/Utica driller Aubrey McClendon. McClendon, now CEO of American Energy Partners (and former CEO of Chesapeake Energy), told a Hart Energy conference yesterday that the companies he’s started since leaving Chesapeake will soon go public–each of them individually. And he’ll start even more companies that will go public. McClendon is adopting a “pure play” approach in which each company will be independently run and focus on a single shale play. Once again McClendon has taken the road less traveled and is pioneering a brilliant strategy to dominate the plays which he chooses to target. MDN’s words when the Chesapeake board dismissed Aubrey (from April 1, 2013) were prophetic: “Why is it an error to show McClendon to the door even in light of his aggressive financial deals? You think McClendon will take his piles of money and sit on a Caribbean beach somewhere? In your dreams! He’ll be back, and he’ll start (or buy) another company that will directly compete with Chesapeake. You can bank on it.” (see