LNG

July 20 (LNGJ) - Baker Hughes, the liquefied natural gas equipment-maker and energy services company, posted a second-quarter operating loss of $25 million compared with a profit of $194M in the prior-year period. However, the company led by Chairman and Chief Executive Lorenzo Simonelli recorded strong orders from its Turbomachinery and Process Solutions (TPS) division as the LNG order cycle continued to unfold.

   “TPS secured a major contract from Bechtel to provide seven mid-scale LNG trains to support the Stage 3 expansion project of Cheniere’s Corpus Christi Liquefaction facility,” said the company. “Also in LNG, TPS continued to support New Fortress Energy’s (NFE) ‘Fast LNG’ facilities project with a contract for two main refrigerant turbo-compressor strings in offshore. NFE will deploy Baker Hughes technology in various offshore projects across the globe,” added Baker Hughes