Baker Hughes Signs Service Agreement with ANOH Gas Processing Company
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 23 2026
0mins
Source: Newsfilter
- Service Agreement Details: Baker Hughes has signed a service agreement with ANOH Gas Processing Company that covers parts, repair services, and engineering advisory for critical turbomachinery, ensuring equipment reliability and availability while reinforcing Baker Hughes' commitment to supporting West Africa's energy infrastructure.
- Digital Services Implementation: The agreement includes the deployment of iCenter™ digital services powered by Cordant™ for remote monitoring and diagnostics, aimed at enhancing operational efficiency and optimizing operations, thereby assisting Nigeria in achieving its lower-carbon energy goals.
- Historical Collaboration Foundation: This agreement builds on the successful collaboration between Baker Hughes and ANOH in 2019, when Baker Hughes provided an integrated power island solution that included two NovaLT™16 gas turbines, marking the first supply of such equipment in Sub-Saharan Africa.
- Local Service Center: Work under the agreement will be delivered through Baker Hughes' Service Center in Port Harcourt, Nigeria, which employs local talent and provides comprehensive lifecycle services, supporting Nigeria's domestic energy supply objectives.
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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: 53.250
Low
52.00
Averages
61.54
High
67.00
Current: 53.250
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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- Market Demand Response: As the rapid expansion of digital infrastructure and data centers drives electricity demand, Baker Hughes' high-efficiency power generation technologies will help customers bring new capacity online faster, thereby supporting the critical buildout of digital and energy infrastructure and enhancing market competitiveness.
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See More
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- Increased Dividend Yield: Based on the current share price of $55.50, Baker Hughes' annualized dividend of $0.92 translates to an annual yield of 1.66%, creating a more attractive investment environment for dividend-seeking investors.
- Market Comparison Analysis: Compared to the average RSI of 57.2 for other dividend stocks, Baker Hughes' significantly lower RSI suggests that its stock may be undervalued, drawing interest from value-focused investors.
- Importance of Dividend History: While dividends are not always predictable, analyzing Baker Hughes' dividend history can assist investors in assessing the sustainability of future dividends, enabling more informed investment decisions.
See More
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- Webcast Timing: Following the earnings release, Baker Hughes will host a webcast on July 27, 2026, at 9:30 a.m. ET, where management will discuss the earnings report and answer investor questions, enhancing transparency and investor confidence.
- Access Method: Investors can access the webcast via the Baker Hughes website, ensuring timely information delivery and convenient access, further improving interaction between the company and its investors.
- Company Background: Baker Hughes is a global energy technology company operating in over 120 countries, dedicated to providing safe, clean, and efficient energy solutions, showcasing its leadership and innovation in the energy sector.
See More
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- Scope of Equipment Supply: The contract encompasses the supply of deepwater horizontal subsea tree systems, subsea control modules, intervention workover control systems, and associated connection, distribution, and topside equipment, along with installation, commissioning, and production support services, showcasing Baker Hughes' comprehensive service capabilities in Angola.
- Project Overview: The Greater PAJ is a greenfield ultra-deepwater development spanning Blocks 31 and 31/21 offshore Angola, expected to commence first oil production in 2029 via a new floating production, storage, and offloading vessel designed to process up to 95,000 barrels per day.
- Utilization of Manufacturing Capabilities: Baker Hughes stated that the project will leverage its existing manufacturing and service capabilities in Angola, where it maintains the largest installed subsea equipment base in Sub-Saharan Africa, further enhancing its competitive position in the market.
See More
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- Deepwater Technology Application: Under the agreement, Baker Hughes will supply its deep water horizontal tree systems aimed at optimizing production efficiency in ultra-deepwater greenfield developments, while also providing integrated tooling and services to support installation, commissioning, and ongoing production performance, showcasing its advantages in the local supply chain.
- Technical Specifications: The deep water horizontal tree systems from Baker Hughes are engineered for ultra-deepwater environments with an operating threshold of up to 10,000 psi and depths of 10,000 feet, enhancing its competitive edge in high-demand markets with stringent operational requirements.
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See More
