Baker Hughes wins 'major' gas technology equipment order for Venture Global LNG
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Baker Hughes (NASDAQ:BKR) +1.3% pre-market Monday after saying it was awarded a "major" contract to provide a modularized liquefied natural gas system and power island for Venture Global LNG; financial terms were not disclosed.
The company said the order builds on the expanded master equipment agreement with Venture Global for more than 100M metric tons/year, and follows its positive execution track record for Venture Global's Calcasieu Pass and Plaquemines LNG projects.
"We are excited to add another milestone in our successful collaboration with Baker Hughes as a strategic LNG technology supplier, building on the expansion of our agreement," Venture Global LNG CEO Mike Sabel said.
On Friday, Baker Hughes (BKR) announced two "major" contracts from Var Energi for work offshore Norway for well intervention and exploration logging services.

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