Baker Hughes Lands Significant Contract with Petrobras for Flexible Pipeline Systems

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Oct 28, 2024
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Baker Hughes, a leading oilfield services company, has announced a substantial contract with Brazil's Petrobras. The agreement involves the provision of flexible pipeline systems tailored to withstand the high-concentration carbon dioxide corrosion prevalent in sub-salt oil fields.

The contracts, signed on October 15, 2024, encompass the delivery of pipelines stretching a total length of 77 kilometers. This development follows a series of agreements between Baker Hughes and Petrobras, including an additional contract for 69.1 kilometers of flexible pipeline systems and related services, finalized in the third quarter.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.