New Stratus Energy Signs MOU With Baker Hughes

MT newswire2026/10/05 16:05

12:05 PM EDT, 10/05/2026 (MT Newswires) -- New Stratus Energy (NSE.V) signed a memorandum of understanding (MOU) with Baker Hughes (BKR) to support the development of future oil and gas prospects in Venezuela, it said on Monday. "We are very pleased to consolidate this relationship with Baker Hughes, one of the world's leading energy technology companies," said New Stratus Energy Chief Executive Jose Francisco Arata. Baker Hughes expects the partnership to leverage its integrated portfolio of subsurface, drilling, production, processing, digital, emissions abatement, power generation, oil and gas monetization, and liquid natural gas technologies to "maximize resource recovery opportunities and accelerate future project developments", Shares of New Stratus Energy were last seen down CA$0.03, or 4.1%, to CA$0.70 on the TSX Venture Exchange. Price: 0.70, Change: -0.03, Percent Change: -4.11

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