Reported Sunday, Baker Hughes Wins Major Orders From Venture Global For Gas Compression Systems On Cloud Connector Pipeline And Liquefaction Solution For Plaquemines LNG Expansion

Gas Turbine Market to Grow from USD 17.80 Billion in 2025 to USD 30.10 Billion by 2035 – Research by SNS Insider

The global gas turbine market is projected to grow at a 5.40% CAGR from 2026 to 2035, driven by coal-to-gas power plant conversions, AI-driven data center demand, and adoption of hydrogen and ammonia-ready combustion technologies. North America leads with 29.50% market share, while Asia Pacific records the fastest growth at 8.30% CAGR. Data centers emerge as the fastest-growing sector with 11.20% CAGR.

Shares of oil and gas engineering and services companies are trading lower. Saudi Arabia's reported oil production decline and a drone strike on its East-West oil pipeline, along with continued vessel strikes in the ongoing Strait of Hormuz conflict, may lead to lucrative Middle East contracts being delayed or canceled.

Baker Hughes CEO Sees No 'Slowdown' in Energy Projects, Says High Prices Could Spur New Supply: 'Full Steam Ahead'

Baker Hughes CEO sees no slowdown in energy projects as AI drives demand, while high prices encourage investment in new supply.

Shares of oil and gas related-companies are lower following reports suggesting that Saudi Arabia is attempting to restore crude oil exports quickly through pipeline repairs and ship-to-ship transfers. Also, API and EIA data indicated weekly U.S. crude and distillate inventory growth, further pressuring the oil price.

Venture Global 13G Filing Shows D. E. Shaw Entities Disclose 5.4% Stake In Co As Of September 8, 2026

- SEC Filing

Venture Global's China Gas Agreement Expands Long-Term LNG Sales

Venture Global signed a new 20-year Sales and Purchase Agreement with China Gas to supply 0.5 MTPA of U.S. LNG beginning in 2030, bringing total contracted volume with China Gas to 2.5 MTPA. The deal enhances Venture Global's long-term revenue visibility and positions the company to benefit from the global shift toward cleaner energy transition fuels.