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OFS - Baker Hughes’ $7.8B in orders surpasses quarterly records - November 2019

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Baker Hughes Co. set a new quarterly record with $7.78 billion in orders during Q3. The company also saw continued margin improvement in its Oilfield Services segment, a priority for 2020. LNG growth drove the 19% sequential and 35% YOY increase in orders, as the sector nears 100 mtpa in final investment decisions this year alone. In Q3, Baker Hughes’ Turbomachinery and Process Solutions segment got the contract and notice to proceed to provide......
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