This news comes as the broader market is experiencing a mixed day. The energy sector is currently the best-performing sector, gaining 0.90% today, while the broader markets edged lower.
Wins Argentina NovaLT16 Turbine Order
Baker Hughes received an order from San Matias Pipeline S.A. for three NovaLT16 gas turbines.
The equipment will support the transportation of natural gas from the Vaca Muerta formation to the Gulf of San Matias.
This project marks the first use of Baker Hughes’ NovaLT gas turbine technology in South America.
It highlighted the growing demand for efficient and lower-emission energy solutions.
Baker Hughes interim Executive Vice President of Industrial & Energy Technology Maria Claudia Borras said the award underscores the firm’s “continued focus on supporting critical gas infrastructure” in growth markets across Latin America.
“Natural gas plays a strategic role in strengthening energy security and enabling scalable pathways to global LNG markets, particularly in regions with significant resource potential such as Argentina.”
Petrobras Deal
Last month, Baker Hughes disclosed a substantial 60-month service award from Petrobras to support critical turbomachinery equipment for Brazil's offshore operations.
The strategic agreement reinforces Baker Hughes' commitment to lifecycle services and aims to enhance operational reliability across approximately 19 floating production, storage, and offloading (FPSO) vessels in Brazil.
