Woodside, Baker Hughes ink decarbonization pact

Australian LNG producer Woodside is joining forces with US energy services provider Baker Hughes to work on decarbonizing the natural gas supply chain.

In that regard, the two firms entered into a memorandum of understanding to explore potential business arrangements and initiatives that may have the potential to support Woodside’s climate strategy or its customers’ chosen decarbonization pathways, according to a Baker Hughes statement.

Moreover, the memorandum seeks to identify projects for potential collaboration between the two companies including potential projects in Australia, Asia and the United States, subject to any necessary third-party approvals.

Baker Hughes said it would explore how its portfolio of solutions have the potential to support Woodside’s climate strategy, including lower-carbon solutions such as hydrogen, ammonia-fueled, hybrid and fully electric solutions, as well as NET Power’s technology.

In addition, the collaboration could include emissions detection, measurement and abatement solutions, carbon capture and storage solutions, and hydrogen compression, liquefaction and transportation.

Baker Hughes’ longstanding relationship with Woodside began in 1989, when the companies started partnering in LNG solutions for natural gas supply and collaborating on subsea projects.

Last year, Baker Hughes won a contract to provide high-efficiency gas turbines and centrifugal compressors to support the expansion of Woodside’s Pluto LNG onshore processing facility in Western Australia.

The construction of Pluto LNG’s second train builds on Baker Hughes’ existing technology supply for Pluto LNG’s first train, which has been in operation since 2012.

Most Popular

Abaxx sees significant volume growth in its LNG futures

Abaxx Commodity Futures Exchange, a wholly owned subsidiary of Abaxx Technologies (CBOE:ABXX) has seen significant volume growth in its physically deliverable LNG futures during the past summer months, according to Abaxx Exchange Chief Commercial Officer Joe Raia.

GTT develops new LNG fuel tank

French LNG containment giant GTT has developed a new cubic-shaped LNG fuel tank for commercial vessels, with a particular focus on LNG-fueled container vessels.

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.

More News Like This

Baker Hughes scores contract for fourth Rio Grande LNG train

US energy services firm Baker Hughes has secured a contract from compatriot engineering company Bechtel to supply main liquefaction equipment for Train 4 of NextDecade’s Rio Grande LNG facility in the Port of Brownsville, Texas.

Woodside secures final approval for NWS extension project

Australian LNG player Woodside and its partners in the North West Shelf joint venture have secured the final approval from the Australian government for the North West Shelf project extension.

Woodside, Petronas seal 15-year LNG SPA

Australia's Woodside has signed a long-term deal with Malaysia's Petronas to supply the latter with liquefied natural gas (LNG) from its global portfolio. The deal may include supplies from Woodside's Louisiana LNG project in the US.

Shell eyes NWS LNG stake sale

UK-based LNG giant Shell is considering selling its stake in the Woodside-led North West Shelf LNG project in Western Australia.