Baker Hughes boosted by LNG channels

In the run-up to its fourth quarter and full-year results, Baker Hughes (US:BKR) announced that it had secured a sizeable contract in relation to the third development phase of Saudi Aramco’s $100bn (£80.6bn) Jafurah gas project. The contract builds on several significant new business awards over the past year, and an earlier multi-year contract from Italian multinational Eni SpA (IT:ENI).