LNG

Oct 18 (LNGJ) - Baker Hughes, a GE energy services and equipment company, has formally changed its name to Baker Hughes Company. It will now be known as Baker Hughes and on October 18 its Class A common stock will begin trading on the New York Stock Exchange under the symbol “BKR”.

   “Baker Hughes is uniquely positioned as an energy technology company with a diverse portfolio that spans the entire energy value chain,” said a statement, “The company’s new name and brand better reflect its current and intended principal business operations and diversified portfolio,” it added.

   BHGE was formed in mid-2017 through the merger of Houston-based energy services firm Baker Hughes Inc. and London-based LNG plant equipment maker GE Oil & Gas. BHGE and GE have been moving towards a separation for more than a year after announcing their split in June 2018.

US engineering companies McDermott International and Baker Hughes-GE said they were awarded subsea contracts to provide field development services for the feed-gas needs of the Ichthys LNG export plant in the Northern Territory of Australia.

Baker Hughes-GE, the energy services company and LNG equipment supplier, reported sluggish first-quarter earnings even as it logged two important turbomachinery contracts for projects in West Africa and the US Gulf Coast.

KBR Inc., the US energy and LNG engineering company, has selected Baker Hughes-GE to supply gas turbine driver technologies for the ongoing development of KBR's standardized design for a mid-scale LNG liquefaction plant.

Abu Dhabi National Oil Company (ADNOC), the leading energy group in the United Arab Emirates and a long-standing LNG exporter with investment plans in downstream projects to boost natural gas production, has signed a deal to allow US energy services firm Baker Hughes-GE to acquire a stake in subsidiary ADNOC Drilling.

Oil and Natural Gas Corp. (ONGC) of India has awarded a contract to two US energy engineering companies, McDermott and the General Electric oil and gas services affiliate, for the development of a key block in the Krishna Godavari basin of the Bay of Bengal that will slightly ease the gas crisis on the East Coast where no LNG import facilities operate.

Baker Hughes-GE, the LNG equipment-maker and oil and gas services company created by the merger of General Electric with the US company famous for its rig counts, has sealed an agreement to sell its Natural Gas Solutions (NGS) business in two deals to separate firms.

Baker Hughes-GE, the US energy services company, said it was awarded a substantial contract from Chevron Corp. for the supply of subsea production equipment to enable a second development phase within the Greater Gorgon area offshore Australia, helping to maintain feed-gas supply for the Gorgon LNG plant on Barrow Island.

US energy services and equipment company Baker Hughes-GE won a contract to supply more turbomachinery to power the third Train at the Cheniere Energy LNG export plant at the Texan port of Corpus Christi.

US energy services company Baker Hughes-GE has signed an agreement with Italian natural gas network company Snam to develop small-scale liquefaction infrastructure to improve Italian supplies of LNG fuel for heavy-duty trucks and maritime transportation.