Published by Todd Bush on October 3, 2023
HOUSTON & LONDON, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday that it has been awarded a major contract, to be booked in the third quarter of 2023, to provide a modularized liquefied natural gas (LNG) system and power island. The contract was awarded under a master equipment supply agreement between Venture Global LNG and Baker Hughes for more than 100 million tons per annum (MTPA) of production capacity, which was expanded from 70 MTPA and recently announced during Gastech in Singapore.
The award builds on previous ones from Venture Global to Baker Hughes to provide comprehensive LNG technology solutions for the Calcasieu Pass and Plaquemines LNG projects in Louisiana.
>> In Other News: Baker Hughes Strengthens Norway Presence with 2 Major Contracts from Vår Energi
“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,” said Mike Sabel, CEO of Venture Global. “To enable a successful transition to more secure and sustainable economies, it is critical that we continue to further our mission of delivering low-cost LNG at a larger scale. We are grateful for our continued partnership with Baker Hughes, a world leader in energy technology, and look forward to building on our successful collaboration in our upcoming projects.”
“We have been a trusted partner in natural gas operations for more than 30 years and have been able to bring that depth of experience into the recent LNG market upturn. This further expansion of our collaboration with Venture Global reaffirms that Baker Hughes technologies are advancing the efficient use of natural gas, and we are honored to continue to support their projects,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes. “The continuing demand for LNG emphasises the pivotal role that natural gas will play in the energy transition, helping to secure supply and to reach net-zero emissions.”
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside this Issue ✈️ CORSIA Transforms Aviation Compliance Into Market Gold Rush 📉 IEA Cuts 2030 Low-emissions Hydrogen Production Outlook by Nearly a Quarter 🎤 GenH2 Executive Chairman Josh McMor...
Inside This Issue 🌍 Global Hydrogen Industry Surpasses USD 110 Billion In Committed Investment As 500+ Projects Worldwide Reach Maturity ♻️ Cielo Advances Waste-to-Fuel Innovation with Project Nex...
Inside This Issue 🏭 CF Industries Flips Switch on Massive CCS Hub That Changes Everything 🧴 Scientists Transform Plastic Waste Into Efficient CO2 Capture Materials ⚡ SHS Group and Verso Energy Sig...
Live Session will Explore Liquid Hydrogen Infrastructure for Aviation TITUSVILLE, FL, UNITED STATES, September 12, 2025 /-- GenH2 Corp., a Path2 Hydrogen Company, a leader in liquid hydrogen infra...
Achieved target ethanol purity of over 99.5vol% at a pilot plant in the Nagasaki District Research & Innovation Center Reduced energy consumption significantly and achieved compact equipme...
Hanwha Power Systems has received Approval in Principle (AiP) from the American Bureau of Shipping (ABS) for the ammonia fuel gas turbine conversion design aimed at 174K LNG carriers at Gastech 202...
Alléo Energy Unveils Carbon-Negative Green Hydrogen System
Alléo cellulosic waste to hydrogen conversion facility BAY MINETTE, Ala.-- Alléo Energy, a pioneer in sustainable energy solutions, today announced a cellulose-to-hydrogen process yielding over on...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.