Baker Hughes Signs Venezuela Gas Deals
Baker Hughes signed agreements with PDVSA and other firms to develop natural gas infrastructure in Venezuela. The deals aim to link upstream resources with midstream transport and potential export operations.
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BAKER HUGHES CO signed framework agreements on Monday morning with state oil firm PDVSA to expand infrastructure for Natural Gas in Venezuela. The alliance joins engineering and LNG developers to target upstream resources in the South American nation. The move positions the oilfield services provider to capture new revenue despite ongoing regulatory oversight by the United States.
