LNG

Baker Hughes, the US liquefied natural gas equipment-maker and energy services and technology company, has received an order relating to gas technology for Saudi Arabia Oil Company (Aramco) as the Middle East Kingdom moves to boost its natural gas production.

Saudi Arabian Oil Company (Saudi Aramco), the largest oil exporter, increased its annual net income to $161.1 billion on stronger crude oil prices, higher volumes sold, improved margins for refined products and as the company strengthens natural gas production capacity and has built its first underground gas storage.