Baker Hughes Awarded Major Subsea Contract From Eni In Ivory Coast
Portfolio Pulse from Benzinga Newsdesk
Baker Hughes (NASDAQ:BKR) has been awarded a major subsea contract by Eni and Petroci for the Baleine Phase 2 project in Ivory Coast, Africa's first Scope 1 and 2 net-zero emissions development. The contract strengthens Baker Hughes' presence in West Africa and unlocks growth potential in the country.
June 16, 2023 | 12:12 pm
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NEUTRAL IMPACT
Eni and its partner Petroci have awarded Baker Hughes a major subsea contract for the Baleine Phase 2 project in Ivory Coast, Africa's first Scope 1 and 2 net-zero emissions development.
Eni's partnership with Baker Hughes for the Baleine Phase 2 project demonstrates its commitment to sustainability and innovation. However, the direct impact on Eni's stock price is uncertain, as the project is just one of many in its portfolio.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Baker Hughes has been awarded a major subsea contract for the Baleine Phase 2 project in Ivory Coast, strengthening its presence in West Africa and unlocking growth potential.
The contract award is a significant win for Baker Hughes, as it strengthens its presence in West Africa and unlocks growth potential in the country. The project is also Africa's first Scope 1 and 2 net-zero emissions development, which highlights Baker Hughes' commitment to sustainability and innovation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100