Baker Hughes to supply 'world's largest' offshore carbon capture project

Baker Hughes $Baker Hughes(BKR)$ said it won a contract to supply carbon dioxide compression equipment to Petronas' Kasawari carbon capture and storage project offshore Malaysia, which is expected to be the world's largest offshore CCS facility, with capacity to reduce CO2 emissions by 3.3M tons/year.

Baker Hughes (BKR) will provide turbocompression equipment to transport CO2 emitted from flaring at the Kasawari gas development and reinject it into a depleted offshore field through a subsea pipeline.

The project is expected to significantly reduce CO2 volume currently emitted through flaring of the overall Kasawari development, supporting Petronas' efforts to unlock Malaysia's potential to become a global carbon capture, utilization and storage hub.

"This project proves that CCS technology can be deployed even in challenging environments, including offshore gas facilities, and provides an important step forward for reducing emissions from natural gas production," Baker Hughes (BKR) said.

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  • YvetteGunther
    ·2023-01-08
    Barker shares did go parabolic over the past month, and now it is correcting back to trend, which should be closer to $31-$32. However, the recovery in energy development is still early on as Baker continues to receive significant new orders. This stock can continue to trend higher for the next several years, to maybe more than $50 per share.
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  • YeddaJohnson
    ·2023-01-08
    I think the big 3 service companies are going to start to gradually go up another 3-5 bucks per share in next month.
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  • jeffry09
    ·2023-01-08
    SLB rebranding to do what BKR currently doing with low carbon solutions. Interesting.
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  • HongSteve
    ·2023-01-06

    Fantastic 

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  • threadfin
    ·2023-01-06
    [OK]
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  • Jher
    ·2023-01-06
    Good
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  • dadaho
    ·2023-01-06
    good
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  • Mm101
    ·2023-01-06

    G

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