FLORENCE, ITALY - April 1, 2008 :- GE's Oil & Gas business today announced the successful completion of its acquisition of Hydril Pressure Control from Tenaris.

Hydril Pressure Control is one of the world's leading suppliers of pressure control equipment used in the oil and gas drilling industry, with a special focus on deep and ultra-deepwater applications. Its product lines include Blowout Preventer (BOP) systems, parts, and repair and field services to maintain its installed base of products.

The business is headquartered in Houston, Texas and employs over 750 people globally, who will join the GE Oil & Gas team of 10,500 professionals operating in more than 70 locations worldwide.

About GE's Oil & Gas business

GE's Oil & Gas business (www.ge.com/oilandgas) is a world leader in advanced technology equipment and services for all segments of the global oil and gas industry. With headquarters in Florence, Italy, the company offers complete solutions for production, LNG, transportation, storage, refineries, and petrochemicals, as well as pipeline integrity including pipeline-related software and pipeline asset management. Through its recent acquisition of VetcoGray, GE Oil & Gas has added products, systems and services for drilling, completion and production within onshore, offshore and subsea applications.

For more information, contact: