Baker Hughes Secures Strategic Gas Project Order in Argentina
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 07 2026
0mins
Should l Buy BKR?
Source: NASDAQ.COM
- Strategic Order: Baker Hughes has secured a strategic order from San Matias Pipeline S.A. to supply three NovaLT16 gas turbines and centrifugal compressors for a major natural gas pipeline project in Argentina, demonstrating the company's ongoing expansion in Latin American markets.
- Technology Deployment: This contract marks the first deployment of Baker Hughes' NovaLT gas turbine technology in South America, expected to enhance the region's gas transportation capabilities by supporting the supply from the Vaca Muerta formation to the Gulf of San Matías.
- Infrastructure Development: The project will supply feed gas to floating LNG vessels operated by Southern Energy, strengthening the region's access to global liquefied natural gas markets and promoting the security and reliability of energy supply.
- Market Impact: Baker Hughes shares closed at $60.70 on Monday, up 0.53%, reflecting market confidence in the company's investments in critical energy infrastructure.
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Analyst Views on BKR
Wall Street analysts forecast BKR stock price to rise
13 Analyst Rating
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 60.600
Low
52.00
Averages
61.54
High
67.00
Current: 60.600
Low
52.00
Averages
61.54
High
67.00
About BKR
Baker Hughes Company is an energy technology company that provides solutions to energy and industrial customers worldwide. The Company's segments include Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). OFSE segment provides products and services for onshore and offshore oilfield operations across the lifecycle of a well, ranging from exploration, appraisal, and development, to production, rejuvenation, and decommissioning. OFSE segment is organized into four product lines: Well Construction; Completions, Intervention, and Measurements; Production Solutions, and Subsea. IET segment provides technology solutions and services for mechanical-drive, compression and power-generation applications across the energy industry including oil and gas, liquefied natural gas operations, downstream refining, and petrochemical markets, as well as lower carbon solutions to broader energy and industrial sectors. IET segment also provides equipment, software, and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- US Oil Drilling Rig Count: The number of active oil drilling rigs in the U.S. has decreased by one, bringing the total to 410 as of April 17.
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- Broad Business Scope: The divestiture includes Waygate's remote visual inspection, ultrasound, radiography, and imaging solutions portfolios along with all related assets, indicating Baker Hughes' strategic focus on non-destructive testing solutions.
- Strategic Alignment: This transaction aligns with Baker Hughes' goals to enhance portfolio value, strengthen earnings and cash flow, and improve its balance sheet, which is expected to support the company's future financial health.
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See More
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- Asset Integration: The sale includes all assets, intellectual property, and resources of Waygate Technologies, aimed at enhancing the company's profitability and cash flow stability through optimized asset management, thereby improving its financial health.
- Strategic Restructuring: Baker Hughes indicated that this transaction complements three completed deals and the pending acquisition of Chart Industries, demonstrating the company's commitment to reshaping its portfolio in response to market dynamics.
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