Baker Hughes (NASDAQ:BKR) is expanding its LNG and power footprint after the EU cleared its $13.6B Chart buy with divestiture conditions, while landing major LNG contracts at Sabine Pass, a Kodiak power-turbine deal to boost behind‑the‑meter capacity, and a seven‑year Kuwait tech partnership.
Previous Week Recap
- EU Approves Baker Hughes Buy Conditional: EU approved Baker Hughes (BKR) $13.6B Chart buy conditional on divesting Chart’s proprietary and small-scale process tech and ensuring LNG equipment interoperability with third parties for 10 years
- Baker Hughes Wins Sabine Pass Contracts: Baker Hughes (BKR) won Q2 contracts for Sabine Pass Train 7: seven PGT25+ G4 turbines for 15 compressors, a boil‑off gas re‑liquefaction unit, and a four‑year PGT25+ G4 upgrade program—adds ~6M tpa
- Baker Hughes To Supply Kodiak Turbines: Baker Hughes (BKR) struck a multiyear deal to supply NovaLT16 and Frame 5 gas turbines plus BRUSH generators to Kodiak, targeting ~1.0 GW behind‑the‑meter capacity by 2030, expandable to 1.8 GW.
- Kuwait Oil Company Tech Partnership: Baker Hughes (BKR) won a seven-year tech partnership with Kuwait Oil Company under the Ahmadi Innovation Valley program, becoming a named partner for tech development and deployment.
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