LNG

Baker Hughes, the US liquefied natural gas equipment-maker and energy services company, reported solid profits as revenues increased along with orders with an LNG cycle still forecast to extend for several years.

Woodside Petroleum, the Australian LNG plant operator, is considering whether to block Russian company Lukoil from becoming a partner in the $4.2 billion Sangomar project offshore Senegal after the Russians agreed to buy Cairn Energy’s Senegal assets.