We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Baker Hughes, PETRONAS Sign MoU for Asia-Pacific Energy Collaboration
Read MoreHide Full Article
Key Takeaways
BKR and Petronas signed an MoU to expand LNG services and accelerate energy transition efforts.
The pact includes digital upgrades, CCUS, biofuels and cross-border workforce training initiatives.
BKR will build a turbine repair hub in Malaysia to cut service time and boost regional equipment uptime.
Baker Hughes Company (BKR - Free Report) , a U.S.-based energy technology firm, has partnered with Malaysia’s national oil company, Petronas, to accelerate energy expansion and transition efforts across the Asia-Pacific region. The two companies signed a memorandum of understanding (MoU) aimed at driving sustainable energy development through a wide-ranging strategic collaboration.
BKR-Petronas MoU Targets Energy Innovation
Under the MoU, Baker Hughes and Petronas will collaborate on initiatives to strengthen local supply chains and implement advanced energy solutions. The areas of focus include expanding liquefied natural gas (LNG) services, training cross-border talent to strengthen local field operations, and enhancing digital capabilities, including artificial intelligence applications.
The partnership will also explore new technologies and services in exploration and production, chemical solutions for mature assets, and sustainable energy innovations. Among the green initiatives highlighted are carbon capture, utilization and storage (CCUS), and the development of lubricants and biofuels for turbomachinery.
BKR Expands Services in Malaysia to Support Regional Demand
To further back these initiatives, Baker Hughes announced plans to enhance its existing operational footprint in Malaysia. The company plans to establish a comprehensive aeroderivative gas turbine module repair facility in the country, offering capabilities for disassembly, assembly, grinding and testing.
This expansion comes as Baker Hughes looks to better serve its installed base of more than 600 gas turbines in the region and meet rising demand amid the energy transition. The upgraded facility is expected to reduce service turnaround time and support greater equipment reliability and availability.
Leadership Emphasizes Shared Vision for a Lower-Carbon Future
Baker Hughes Chairman and CEO Lorenzo Simonelli emphasized the importance of regional collaboration, noting that supporting customers like Petronas in the Asia-Pacific region is crucial to advancing shared goals of reliable, secure, and lower-carbon energy development.
He added that the expanded localization effort reflects the company’s commitment to ensuring energy access now as well as in the future.
This partnership highlights a strategic alignment between two major players in the energy sector, setting the stage for meaningful progress toward cleaner, more resilient energy systems in Asia-Pacific.
MPLX appears to be a strong long-term investment, as it generates steady income from fixed-fee contracts rather than relying on fluctuating oil and gas prices. It owns and operates key pipelines and processing facilities, positioning it well to grow as U.S. oil and gas production increases, particularly in active regions such as the Permian, Marcellus and Utica.
The Zacks Consensus Estimate for MPLX’s 2025 EPS is pegged at $4.44. The company has a Value Score of B.
W&T Offshore benefits from its prolific Gulf of America assets, which offer low decline rates, strong permeability and significant untapped reserves. The company’s acquisition of six shallow-water fields in the GoA added 18.7 million barrels of proved reserves and 60.6 million barrels of proved plus probable reserves. The firm is focused on strategically allocating capital toward organic projects, which should boost its production outlook. WTI has a Value Score of B.
Viper Energy generates strong, steady royalty income from its royalty acres in the prolific Permian Basin, with active rigs providing ample growth potential. The company boasts a lower debt-to-capitalization ratio than the composite stocks in the energy sector, indicating a healthier financial position.
The Zacks Consensus Estimate for VNOM’s 2025 EPS is pegged at $1.62.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Baker Hughes, PETRONAS Sign MoU for Asia-Pacific Energy Collaboration
Key Takeaways
Baker Hughes Company (BKR - Free Report) , a U.S.-based energy technology firm, has partnered with Malaysia’s national oil company, Petronas, to accelerate energy expansion and transition efforts across the Asia-Pacific region. The two companies signed a memorandum of understanding (MoU) aimed at driving sustainable energy development through a wide-ranging strategic collaboration.
BKR-Petronas MoU Targets Energy Innovation
Under the MoU, Baker Hughes and Petronas will collaborate on initiatives to strengthen local supply chains and implement advanced energy solutions. The areas of focus include expanding liquefied natural gas (LNG) services, training cross-border talent to strengthen local field operations, and enhancing digital capabilities, including artificial intelligence applications.
The partnership will also explore new technologies and services in exploration and production, chemical solutions for mature assets, and sustainable energy innovations. Among the green initiatives highlighted are carbon capture, utilization and storage (CCUS), and the development of lubricants and biofuels for turbomachinery.
BKR Expands Services in Malaysia to Support Regional Demand
To further back these initiatives, Baker Hughes announced plans to enhance its existing operational footprint in Malaysia. The company plans to establish a comprehensive aeroderivative gas turbine module repair facility in the country, offering capabilities for disassembly, assembly, grinding and testing.
This expansion comes as Baker Hughes looks to better serve its installed base of more than 600 gas turbines in the region and meet rising demand amid the energy transition. The upgraded facility is expected to reduce service turnaround time and support greater equipment reliability and availability.
Leadership Emphasizes Shared Vision for a Lower-Carbon Future
Baker Hughes Chairman and CEO Lorenzo Simonelli emphasized the importance of regional collaboration, noting that supporting customers like Petronas in the Asia-Pacific region is crucial to advancing shared goals of reliable, secure, and lower-carbon energy development.
He added that the expanded localization effort reflects the company’s commitment to ensuring energy access now as well as in the future.
This partnership highlights a strategic alignment between two major players in the energy sector, setting the stage for meaningful progress toward cleaner, more resilient energy systems in Asia-Pacific.
BKR’s Zacks Rank & Key Picks
BKR currently carries a Zack Rank #4 (Sell).
Investors interested in the energy sector may look at a few better-ranked stocks like MPLX LP (MPLX - Free Report) , W&T Offshore, Inc. (WTI - Free Report) and Viper Energy, Inc. (VNOM - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
MPLX appears to be a strong long-term investment, as it generates steady income from fixed-fee contracts rather than relying on fluctuating oil and gas prices. It owns and operates key pipelines and processing facilities, positioning it well to grow as U.S. oil and gas production increases, particularly in active regions such as the Permian, Marcellus and Utica.
The Zacks Consensus Estimate for MPLX’s 2025 EPS is pegged at $4.44. The company has a Value Score of B.
W&T Offshore benefits from its prolific Gulf of America assets, which offer low decline rates, strong permeability and significant untapped reserves. The company’s acquisition of six shallow-water fields in the GoA added 18.7 million barrels of proved reserves and 60.6 million barrels of proved plus probable reserves. The firm is focused on strategically allocating capital toward organic projects, which should boost its production outlook. WTI has a Value Score of B.
Viper Energy generates strong, steady royalty income from its royalty acres in the prolific Permian Basin, with active rigs providing ample growth potential. The company boasts a lower debt-to-capitalization ratio than the composite stocks in the energy sector, indicating a healthier financial position.
The Zacks Consensus Estimate for VNOM’s 2025 EPS is pegged at $1.62.