Baker Hughes Co. generated record orders in the fourth quarter, driven by “multiple awards” for  LNG and offshore production equipment, CEO Lorenzo Simonelli said Monday.

In a conference call to discuss quarterly and full-year earnings, the CEO noted that operationally, the Houston-based oilfield services (OFS) giant “continues to navigate challenges” in “different parts of the supply chain.” However, global awards for liquefied natural gas were strong – and there are multiple opportunities on the horizon for the next two years.

“Customer discussions have been continuing” as more LNG projects prepare to advance, Simonelli said. “There’s a lot of positive momentum. I think both as you look at the near-term, and also long-term prospects for natural gas and LNG,...