Dow to Focus on Innovation and Service to Oil and Gas Industry Through Launch of New Global Business Unit
Sharpening its focus on customers and markets, The Dow Chemical Company today announced the launch of Dow Oil & Gas, a new business unit created to deliver innovative product, technology and service solutions to the oil and gas industry. Dow Oil & Gas will serve customers from the oil well to the gas pump, providing offerings for the exploration and production, refining and gas processing and fuel transport market segments.
“The formation of this new business harnesses Dow’s global reach and broad portfolio of offerings for the oil and gas industry, providing a single focal point for collaboration as we focus on delivering the innovation and technical support that our customers need to succeed in increasingly challenging operating conditions,” said Janet Giesselman, vice president and general manager of Dow Oil & Gas.
Though Dow has served the oil and gas industry for decades, the new business unit represents a realignment of the Company’s capabilities to address the market more effectively; providing dedicated resources to work closer with customers, understand and deliver against their unique challenges and opportunities. Dow Oil & Gas will be based in Houston, Texas.
“As the global demand for energy increases exponentially, adding to the world’s proven reserves by extracting more oil from existing reservoirs is critical,” said Giesselman. “Dow Oil & Gas is committed to the development of new technologies for enhanced oil recovery, along with offerings to make fracture, stimulation and transport to market more effective and efficient.”
The business will also look to provide specialized technologies and chemical formulations for unconventional drilling conditions and fuel transport, such as high temperature and high pressure.
Dow Oil & Gas will build upon the Company’s proven line of gas treating products and technologies to more holistically address the needs of refinery and gas processing customers, including improved environmental performance.
In the fuel transport segment, Dow Oil & Gas will offer solutions that allow oil and natural gas pipeline and vessel customers to operate at higher temperatures and deeper water depths, and to reduce internal corrosion and freeze-ups.
About Dow Oil & Gas
Dow Oil & Gas serves customers across the global oil and gas industry, addressing changing operations and business needs with a growing range of integrated technology and specialty chemical and material solutions. Backed by the proven resources of Dow, this growing team of experienced professionals works collaboratively with customers to leverage Dow’s unmatched molecular expertise and global footprint to offer meaningful answers to today’s oil and gas industry challenges. More information can be found at oilandgas.dow.com.
With annual sales of $54 billion and 46,000 employees worldwide, Dow is a diversified chemical company that combines the power of science and technology with the “ Human Element ” to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in around 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. References to “Dow” or the “Company” mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.
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