Saudi Aramco contractor Tecnicas Reunidas let a contract to Baker Hughes for gas compression trains and propane compressors for expansion of Jafurah gas field.

Baker Hughes (NASDAQ:BKR) closed +3.5% on Thursday after raising its quarterly dividend to $0.23/share from $0.21/share and announcing two significant contracts. The company said it was awarded an order by Tecnicas Reunidas to supply six gas compression trains and six propane compressors for the third expansion phase of Saudi Aramco's Jafurah gas

Aramco continues to prioritise the phased development of its massive Jafurah unconventional project, with multiple contracts lined up for the huge development