LNG

Baker Hughes, the US liquefied natural gas equipment-maker and energy services company, reported a surge in net profits and revenues amid growth in orders including for gas field services in Algeria and LNG in Australia.

Baker Hughes Company, the US liquefied natural gas equipment-maker and energy services company, reported record orders of $8 billion in the fourth quarter, including for turbo-machinery for LNG production and warned that global spare capacity for oil and gas has deteriorated to the extent it needs a huge investment boost.