Baker Hughes Expands Global Footprint with New Agreements in Iraq and Brazil
Iraq – On 18 September 2025, Baker Hughes announced a partnership in Iraq to convert flare gas into usable fuel. The project aims to capture emissions that would otherwise be vented and redirect them to power homes and support exports. This initiative aligns with the company’s focus on sustainable practices within the energy sector.
Brazil (Petrobras) – Between 17 September 2025, Baker Hughes secured a series of agreements with Petrobras:
- A multi‑year deployment arrangement covering offshore operations.
- A contract for offshore stimulation vessels.
- An extension of a previous deployment agreement.
These contracts reinforce Baker Hughes’s role in providing drilling and surface equipment, logging, and engineering services to Brazil’s leading oil and gas operator.
Market Context
- Stock Performance: The Baker Hughes share closed at $46.48 on 16 September 2025, up from $33.40 a year earlier. The share price is currently within its 52‑week range (low: $33.60, high: $49.40).
- Valuation: The company trades at a price‑earnings ratio of 15.009 and has a market capitalization of $44.15 billion.
- Industry Position: As a global provider of energy equipment and services—including surface logging, drilling, pipeline operations, and petroleum engineering—Baker Hughes serves the oil and gas industry worldwide. The new contracts expand its footprint in both upstream (Iraq) and offshore (Brazil) markets.
Strategic Implications
The Iraq flare‑gas project demonstrates Baker Hughes’s commitment to environmental stewardship while opening a new revenue stream from captured gas. The Petrobras agreements strengthen the company’s presence in a key growth market and diversify its service portfolio across offshore operations and vessel deployment.
These developments are expected to support future earnings growth and reinforce Baker Hughes’s position as a leading supplier of energy equipment and services.