WOPEF - Baker Hughes wins turbomachinery order for Pluto LNG project

Baker Hughes (BKR +1.4%) opens higher after Bechtel awards it a "major" contract to provide gas turbines and centrifugal compressors to support the expansion of the Pluto LNG onshore processing facility in Australia; financial terms are not disclosed. Pluto Train 2 will process natural gas from the nearby offshore Scarborough field, and will have a capacity of ~5M tons/year of liquefied natural gas production. The construction of Pluto LNG's Train 2 builds on Baker Hughes' existing technology supply for Pluto LNG's first train, which Woodside Petroleum (OTCPK:WOPEF, OTCPK:WOPEY) has operated since 2012.

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Baker Hughes wins turbomachinery order for Pluto LNG project