Baker Hughes (BKR), an energy technology company and Woodside Energy have announced that they have entered into a memorandum of understanding (MoU) to explore potential business arrangements and initiatives that may have the potential to support Woodside’s climate strategy or its customers’ chosen decarbonization pathways.
The MoU 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 will explore how its portfolio of solutions has the potential to support Woodside’s climate strategy including: Lower-carbon solutions including hydrogen, ammonia-fueled, hybrid, and fully electric solutions, as well as NET Power’s technology; Emissions detection, measurement, and abatement solutions; Carbon capture and storage solutions, including CO2 compression, offshore flexible flowline technology, and chemical products and solutions such as corrosion inhibitors; and Hydrogen compression, liquefaction, and transportation.
