Baker Hughes, PETRONAS Sign MoU for Asia-Pacific Energy Collaboration

Baker Hughes Company BKR, a U.S.-based energy technology firm, has partnered with Malaysia’s national oil company, Petronas, to accelerate energy expansion and transition efforts across the Asia-Pacific region. The two companies signed a memorandum of understanding (MoU) aimed at driving sustainable energy development through a wide-ranging strategic collaboration.BKR-Petronas MoU Targets Energy InnovationUnder the MoU, Baker Hughes and Petronas will collaborate on initiatives to strengthen local supply chains and implement advanced energy solutions. The areas of focus include expanding liquefied natural gas (LNG) services, training cross-border talent to strengthen local field operations, and enhancing digital capabilities, including artificial intelligence applications.The partnership will also explore new technologies and services in exploration and production, chemical solutions for mature assets, and sustainable energy innovations. Among the green initiatives highlighted are carbon capture, utilization and storage (CCUS), and the development of lubricants and biofuels for turbomachinery.BKR Expands Services in Malaysia to Support Regional DemandTo further back these initiatives, Baker Hughes announced plans to enhance its existing operational footprint in Malaysia. The company plans to establish a comprehensive aeroderivative gas turbine module repair facility in the country, offering capabilities for disassembly, assembly, grinding and testing.This expansion comes as Baker Hughes looks to better serve its installed base of more than 600 gas turbines in the region and meet rising demand amid the energy transition. The upgraded facility is expected to reduce service turnaround time and support greater equipment reliability and availability.Leadership Emphasizes Shared Vision for a Lower-Carbon FutureBaker Hughes Chairman and CEO Lorenzo Simonelli emphasized the importance of regional collaboration, noting that supporting customers like Petronas in the Asia-Pacific region is crucial to advancing shared goals of reliable, secure, and lower-carbon energy development.He added that the expanded localization effort reflects the company’s commitment to ensuring energy access now as well as in the future.This partnership highlights a strategic alignment between two major players in the energy sector, setting the stage for meaningful progress toward cleaner, more resilient energy systems in Asia-Pacific.BKR’s Zacks Rank & Key PicksBKR currently carries a Zack Rank #4 (Sell).Investors interested in the energy sector may look at a few better-ranked stocks like MPLX LP MPLX, W&T Offshore, Inc. WTI and Viper Energy, Inc. VNOM, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.MPLX appears to be a strong long-term investment, as it generates steady income from fixed-fee contracts rather than relying on fluctuating oil and gas prices. It owns and operates key pipelines and processing facilities, positioning it well to grow as U.S. oil and gas production increases, particularly in active regions such as the Permian, Marcellus and Utica.The Zacks Consensus Estimate for MPLX’s 2025 EPS is pegged at $4.44. The company has a Value Score of B.W&T Offshore benefits from its prolific Gulf of America assets, which offer low decline rates, strong permeability and significant untapped reserves. The company’s acquisition of six shallow-water fields in the GoA added 18.7 million barrels of proved reserves and 60.6 million barrels of proved plus probable reserves. The firm is focused on strategically allocating capital toward organic projects, which should boost its production outlook. WTI has a Value Score of B.Viper Energy generates strong, steady royalty income from its royalty acres in the prolific Permian Basin, with active rigs providing ample growth potential. The company boasts a lower debt-to-capitalization ratio than the composite stocks in the energy sector, indicating a healthier financial position.The Zacks Consensus Estimate for VNOM’s 2025 EPS is pegged at $1.62. 7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report W&T Offshore, Inc. (WTI): Free Stock Analysis Report MPLX LP (MPLX): Free Stock Analysis Report Baker Hughes Company (BKR): Free Stock Analysis Report Viper Energy Inc. (VNOM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks