Baker Hughes calls for new energy truths

CEO Lorenzo Simonelli demands world must ‘rewrite the energy equation together’ amid relentless demand growth, the desire to improve affordability and accessibility, and to lower emissions without hurting supply

Energy technology bellwether Baker Hughes is in a unique position. It stands at the intersection of energy needs and technological transformation and, as a global leader, has its finger firmly on the pulse of where the industry is going. And in a period marked by surging energy demand, rapid technological disruption and geopolitical fragmentation, CEO Lorenzo Simonelli told Petroleum Economist in an exclusive interview that the global energy system is entering a fundamentally new phase. “We are seeing demand remain very constructive,” Simonelli said. “If you look at the macro picture—population growth, rising consumption across three‑quarters of the world and the surge in electrification—the