Baker Hughes Bags Major Subsea Contract In Ivory Coast
Portfolio Pulse from Akanksha Bakshi
Baker Hughes (BKR) has secured a significant contract from Eni Spa (E) and Petroci for the Baleine Phase 2 project in Ivory Coast, Africa's first Scope 1 and 2 net-zero emissions development. The deal strengthens Baker Hughes' presence in West Africa and unlocks growth potential in the country.
June 16, 2023 | 2:46 pm
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POSITIVE IMPACT
Baker Hughes secures a significant contract for the Baleine Phase 2 project in Ivory Coast, strengthening its presence in West Africa and unlocking growth potential.
The contract win for Baker Hughes is significant as it expands the company's presence in West Africa and unlocks growth potential in the region. This is likely to have a positive impact on BKR's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Eni Spa partners with Baker Hughes for the Baleine Phase 2 project in Ivory Coast, Africa's first Scope 1 and 2 net-zero emissions development.
While Eni Spa is partnering with Baker Hughes for the Baleine Phase 2 project, the impact on Eni's stock price is likely to be neutral in the short term as the financial terms of the contract were not disclosed.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50