Baker Hughes CEO Says Energy Projects Remain Strong Amid Higher Rates
Despite rising borrowing costs, Baker Hughes has not observed any slowdown in investment for major energy projects. The company's CEO, Lorenzo Simonelli, highlighted strong demand driven by population growth and the expansion of artificial intelligence infrastructure, which is increasing natural gas consumption. Simonelli emphasized that long-term off-take agreements are helping maintain project bankability while global energy needs continue to rise. He also noted that high oil prices can encourage investment in new supply, even as geopolitical tensions disrupt Middle Eastern energy flows and push crude above $100 a barrel. Baker Hughes expects natural gas to play a central role during an
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Topics: AI infrastructure Baker Hughes energy demand investment trends natural gas