- Baker Hughes Co (NASDAQ:BKR) has received an order from longtime partner QatarEnergy, that will be booked in the first quarter of 2023. The financial terms were not disclosed.
- Under the order, BKR will supply two main refrigerant compressors (MRCs) for the North Field South (NFS) project, which will be executed by Qatargas.
- The MRCs are part of two LNG “mega trains” representing 16 million tons per annum (MTPA) of additional capacity, boosting Qatar’s LNG production capacity from 110 million to 126 million tons by 2027.
- This most recent contract, which builds upon a previously announced award for North Field East (NFE) expansion in 2020, will bring the overall number of LNG “mega trains” driven by Baker Hughes’ energy solutions to 12.
- Price Action: BKR shares are trading higher by 3.47% at $29.86 on the last check Monday.
Jury Holds Ex-Uber Security Head Responsible For Concealing Data Hack
A San Francisco jury held Uber Technologies, Inc (NYSE: UBER) former head of security guilty of covering up a 2016 data breach at the rideshare giant, hiding details from U.S. regulators, and paying off a pair of hackers in return for their discretion.
