LNG

Baker Hughes, the US liquefied natural gas equipment-maker and energy services and technology company, has won a major contract from Brazil’s Petrobras.

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.

Baker Hughes, the US liquefied natural gas equipment-maker and energy services company, said in reporting third-quarter earnings that even amid economic challenges the outlook for oil, gas and LNG was supportive of a multi-year upturn in spending.