Innovative Baker Hughes Emissions Abatement Solution Chosen to Reduce Routine Flaring at SOCAR’s Baku Oil Refinery
Baker Hughes Company (BKR)
Company Research
Source: GlobeNewswire
Baker Hughes to deliver integrated gas recovery and hydrogen sulfide (H2S) removal system Solution expected to recover flare gas equivalent up to 7 million Nm3 of methane per year, and further reduce CO2 emissions by up to 11,000 tons per year Recovered flare gas will be used as fuel within the refinery, improving efficiency and reducing consumption and operating costsContract signed at COP29 in Baku, Azerbaijan BAKU, Azerbaijan, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, and SOCAR announced Thursday the signing of a contract for an integrated gas recovery and hydrogen sulfide (H2S) removal system that will significantly reduce downstream flaring at SOCAR’s Heydar Aliyev Oil Refinery in Baku, Azerbaijan. The contract was signed at COP29 in Baku, in the presence of Baker Hughes Chairman and CEO Lorenzo Simonelli and SOCAR President Rovshan Najaf. Building on the pledges formalized by Azerbaijan’s entry into the Global Methane Pledge
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News
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- Baker Hughes (NASDAQ: BKR) had its price target raised by analysts at Citigroup Inc. from $42.00 to $50.00. They now have a "buy" rating on the stock.MarketBeat
BKR
Earnings
- 10/22/24 - Beat
BKR
Sec Filings
- 11/14/24 - Form 4
- 11/14/24 - Form 13F-HR
- 11/14/24 - Form 13F-NT
- BKR's page on the SEC website