Baker Hughes Company (NASDAQ:BKR) is one of the best stocks to invest in under $100.
On June 23, Baker Hughes announced a significant long-term service agreement with ANOH Gas Processing Company/AGPC for the ANOH Gas Processing Plant in Nigeria
The contract covers lifecycle support, including parts, repair services, and engineering advisory for the facility’s critical turbomachinery, specifically its two NovaLT16 gas turbines. In addition to traditional maintenance, the agreement incorporates iCenter digital services powered by Cordant for remote monitoring and diagnostics. These tools are designed to optimize equipment reliability and operational availability, supporting the plant’s role as a vital contributor to Nigeria’s domestic gas supply and power generation goals.
This partnership expands on a 2019 collaboration where Baker Hughes originally supplied the plant’s power island solution. Work will be managed through the company’s service center in Port Harcourt, leveraging local talent to assist Nigeria’s transition toward lower-carbon fuel sources. Baker Hughes Company (NASDAQ:BKR) is an energy technology company that develops and delivers technologies for the entire hydrogen value chain.