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...“From a historical context I’ve heard people say, you go back to the oil embargo of 1973 — that being somewhat similar,” said Lorenzo Simonelli, chief executive of Baker Hughes, in an interview with the...
...The crisis in the Middle East and Russia’s war in Ukraine leave the world facing its most significant geopolitical risks since the 1973 oil embargo, according to Lorenzo Simonelli, head of oil services business...
...“The environment in North America has levelled off and we’re hearing some of the customers requesting discounts, particularly in the more commoditised markets like pressure pumping,” said Lorenzo Simonelli...
...Chief executive Lorenzo Simonelli said the trend was set to continue as the group booked record orders of over $8bn, helping to push up shares by almost 2 per cent in pre-market trading, despite revenue...
...Simonelli....
...Baker boss Lorenzo Simonelli was bullish, predicting a “double-digit increase” in global upstream spending this year and momentum enduring afterwards too....
...Simonelli, Baker chief executive....
...Simonelli, Baker’s chief executive....
...Chief executive Lorenzo Simonelli described the results as “mixed” and cited various “challenges” weighing on the company’s different segments....
...Chief executive Lorenzo Simonelli said the results reflected challenges including component shortages, supply chain inflation and its Russia operations being suspended....
...Lorenzo Simonelli, chief executive of oilfield services company Baker Hughes, which also finalised a green hydrogen agreement at COP27, said the company had attended the conference to “explore new ways we...
...“Our first-quarter results reflect operating in a very volatile market environment during the first few months of 2022,” said Lorenzo Simonelli, chief executive....
...But Baker Hughes chief executive Lorenzo Simonelli said on Wednesday the industry faced an “unusual set of circumstances and challenges” over the next two years....
...Baker’s Lorenzo Simonelli was less chipper: “The demand outlook for the next 12 to 18 months is deteriorating as inflation erodes consumer purchasing power and central banks aggressively raise interest...
...“We did experience some mixed results across our segments during the quarter,” chief executive Lorenzo Simonelli said....
...Baker Hughes’ chief executive Lorenzo Simonelli called it the “most challenging supply chain and inflationary environment we have seen in several decades”....
...Simonelli, the company’s chief executive....
...Baker Hughes’s CEO Lorenzo Simonelli, meanwhile, said he expects strong growth in new liquefied natural gas (LNG) projects after this year’s surge in global gas prices has raised fears of shortages, even...
...Lorenzo Simonelli, the chief executive of Baker Hughes, told me producers need to do more to strip carbon from natural gas production and burning, but the fuel still had a bright future....
...Lorenzo Simonelli, the company’s chief executive, said brighter prospects were coming....
...Lorenzo Simonelli, Baker Hughes’ chief executive, expects industry activity to “gain momentum” through the year, saying he does not expect the emergence of the highly contagious Delta variant of the coronavirus...
...Baker Hughes’ chief executive Lorenzo Simonelli said he expects a “tepid investment environment” in the first half of this year before momentum builds later on....
...“We expect spending and activity levels to gain momentum through the year as the macro environment improves, likely setting up the industry for stronger growth in 2022,” said Baker Hughes chief Lorenzo Simonelli...
...Lorenzo Simonelli, Baker Hughes’s chief executive, also pointed to the US — a “strong recovery” from private shale drillers had improved the near-term outlook....
...Simonelli, chief executive and chairman....
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