- Baker Hughes Co BKR has received an order from longtime partner QatarEnergy, that will be booked in the first quarter of 2023. The financial terms were not disclosed.
- Under the order, BKR will supply two main refrigerant compressors (MRCs) for the North Field South (NFS) project, which will be executed by Qatargas.
- The MRCs are part of two LNG "mega trains" representing 16 million tons per annum (MTPA) of additional capacity, boosting Qatar's LNG production capacity from 110 million to 126 million tons by 2027.
- This most recent contract, which builds upon a previously announced award for North Field East (NFE) expansion in 2020, will bring the overall number of LNG "mega trains" driven by Baker Hughes' energy solutions to 12.
- Price Action: BKR shares are trading higher by 3.47% at $29.86 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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