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Baker Hughes (NASDAQ:BKR) said Sunday it entered into a new 10-year services frame agreement with Woodside Energy (WDS) to support the latter’s liquefied natural gas operations in Australia; financial details were not disclosed.
Baker Hughes (BKR) said it will provide spare parts and field service resources for onsite turbomachinery equipment maintenance and upgrades, equipment refurbishment and advanced digital asset performance services.
The company said the latest agreement builds on its strategic partnership with Woodside Energy (WDS) in the LNG sector that first started in 1989 and has since included collaboration on multiple projects.
Separately, a proposed large natural gas project in Guyana by U.S. energy developer Fulcrum LNG includes partnerships with Baker Hughes (BKR) and engineering firm McDermott (OTC:MCDIF), the country’s vice presidential said late last week.
Guyana’s President Irfaan Ali had said Fulcrum LNG was chosen to help the country develop a plan to design, finance, construct and operate gas processing facilities; the project likely will involve $10B-$15B in spending.