Latest news with #BakerHughes
Yahoo
a day ago
- Business
- Yahoo
EnerCom Announces Liberty Energy and Baker Hughes as Keynote Speakers at the 30th Annual EnerCom Denver - The Energy Investment Conference
Register for EnerCom Denver – The Energy Investment Conference, featuring a broad group of public and private energy companies at Limited presentation opportunities remain for E&P, Midstream, OFS, Energy Transition, Nuclear and Emerging Technology companies Sponsorship opportunities are available for companies seeking to increase marketplace and brand awareness through EnerCom's multi-channel approach before, during, and after the event DENVER, June 19, 2025 /PRNewswire/ -- EnerCom, Inc. is pleased to announce that Ron Gusek, CEO of Liberty Energy and Amerino Gatti, Executive Vice President of Oilfield Services & Equipment for Baker Hughes have been confirmed as keynote speakers at EnerCom Denver – The Energy Investment Conference. For the past 30 years, EnerCom Denver has been the largest independent investor conference for the global oil and gas and broadening energy industry that is open to all energy companies, investors, and professionals to participate. This year's conference will occur August 17-20, 2025, at The Westin Denver Downtown. Institutional investors, portfolio managers, family offices, financial analysts, CIOs, and other investment community and industry professionals are encouraged to register now for EnerCom Denver at The conference is free for qualified investment professionals. About Ron Gusek Ron Gusek is the CEO of Liberty Energy, after serving as President since November 2016. He joined the company in 2014 as VP of Technology and Development. With 25 years of experience in North American oil and gas, Ron has also gained international expertise through work in Asia, Russia, and the Middle East. At Liberty, he focuses on technology innovation, service quality, efficiency, and optimization. Ron holds a in Mechanical Engineering from the University of Alberta and has held previously roles at Sanjel Corporation, Zodiac Exploration, and Pinnacle Technologies, specializing in hydraulic fracturing in unconventional reservoirs. Ron is a runner, cyclist, hiker, skier, and occasional adventure racer. Ron is a devoted husband to Jodi and a proud father to their two daughters. About Amerino Gatti Amerino Gatti is Executive Vice President of Oilfield Services & Equipment at Baker Hughes. He is responsible for leading approximately 33,000 employees and setting the value-creation strategies of the business. Gatti brings more than 30 years of experience in energy and industrial sectors. Prior to joining Baker Hughes, he served as Chief Executive Officer and Chairman of the Board of TEAM, Inc. from 2018-2022, a provider of integrated specialty industrial services with operations in over 20 countries. Prior to joining TEAM, Gatti spent 25 years with oilfield services firm Schlumberger, holding a variety of leadership roles including Executive Officer and President of the Production Group. His roles also included President of Well Services, Vice President of the Production Group for North America, Vice President and General Manager for Qatar and Yemen, Global Vice President for Sand Management Services, and Vice President Marketing for North America. His earlier experience includes field operations, engineering, and human resources across North America, South Asia, and the Middle East. Gatti served on the Board of Helix Energy Solutions Group, Inc. from 2018-2024. Additionally, he serves on the Board of American Cancer Society, Greater Houston Area; co-chairman of the Men Wear Pink Campaign; and previously Board member of Junior Achievement; and co-Chair of the Easter Seals Walk with Me Executive Leadership Committee. Gatti earned a degree in mechanical engineering from the University of Alberta, Canada. Companies interested in presenting can contact Larry Busnardo at lbusnardo@ Sponsorship opportunities are available by contacting Blanca Andrus at bandrus@ The presenting company lineup as of June 18, 2025, includes: Advantage Energy (TSX: AAV) Amplify Energy (NYSE: AMPY) Anschutz Exploration Armstrong Oil & Gas APA Corp. (NASDAQ: APA) Aureus Energy Services Baker Hughes (NASDAQ: BKR) Bayswater Exploration and Production Baytex Energy (TSX/NYSE: BTE) Berry Corporation (NASDAQ: BRY) Bison Oil & Gas BKV (NYSE: BKV) Blackbeard Operating CanCambria Energy (TSXV: CCEC; OTCQB: CCEYF) Deep Blue Water Deep Isolation Diversified Energy (NYSE: DEC) DNOW (NYSE: DNOW) Drilling Tools International (NASDAQ: DTI) EnerCom Eni SpA (NYSE: E) EOG Resources (NYSE: EOG) ESal Flotek Industries (NYSE: FTK) Fundare Resources Gondola Resources Gran Tierra Energy (TSX/NYSE: GTE) Granite Ridge Resources (NYSE: GRNT) Hemisphere Energy (TSX: HME; OTCQX: HMENF) Kelt Exploration (TSX: KEL) Kiwetinohk Energy (TSX: KEC) Koda Resources Liberty Energy (NYSE: LBRT) LOGOS Energy Mach Natural Resources (NYSE: MNR) Meren Energy (TSX: MER) NCS Multistage (NASDAQ: NCSM) New Era Helium (NASDAQ: NEHC) NuVista Energy (TSX: NVA) Oklo (NYSE: OKLO) Parex Resources (TSX: PXT; OTC: PARXF) Prairie Operating (NYSE: PROP) Precision Drilling (TSX: PD; NYSE: PDS) Prospera Energy (TSXV: PEI; OTC: GXRFF) Providence Energy ReconAfrica (TSXV: RECO; OTCQX: RECAF; NSX: REC; Frankfurt: 0XD) Renewell Energy Ring Energy (NYSE: REI) SandRidge Energy (NYSE: SD) Saturn Oil & Gas (TSX: SOIL; OTCQX: OILSF) Select Water Solutions (NYSE: WTTR) SM Energy (NYSE: SM) Solestiss Spartan Delta (TSX: SDE) Surge Energy America Tamarack Valley Energy (TSX: TVE) Tenaz Energy (TSX: TNZ) Teren Ubiterra U.S. Energy Development Corp. UpCurve Energy Valeura Energy (TSX: VLE) Verde Energy Solutions Vermilion Energy (TSX/NYSE: VET) Vitesse Energy (NYSE: VTS) Whitecap Resources (TSX: WCP) Zephyr Energy (AIM: ZPHR; OTCQB: ZPHRF) Companies continue to be added to the schedule daily. Conference Overview Conference Details: EnerCom Denver offers investment professionals a unique opportunity to network and listen to senior management teams from leading companies across the energy value chain update investors on their operational and financial strategies and learn how they create value for stakeholders. Conference Dates: August 17–20, 2025. EnerCom will host its annual Charity Golf Tournament on Sunday, August 17th at the scenic Arrowhead Golf Club in Littleton, Colorado. Benefitting IN! Pathways to Inclusive Higher Education, the Golf Tournament requires a $150 charity donation to participate. Formal presentations and meetings will be held Monday, August 18th, through Wednesday, August 20th. Venue: Westin Denver Downtown. Please book rooms under the EnerCom Denver block. We encourage attendees to book their reservations as soon as possible, as rooms may sell out quickly. Who Attends the Conference: Institutional investors, family offices, high-net-worth investors, private equity, research analysts, retail brokers, trust officers, investment and commercial bankers, and energy industry professionals gather in Denver for the conference. Conference Format and Details: The EnerCom Denver conference follows EnerCom's familiar 25-minute presentation format, followed by 50-minute Q&A opportunities in separate breakout rooms, one-on-one meetings, and multiple networking opportunities. In addition to in-person access to all company presentations, panel discussions, and keynote speakers, conference registration allows investors and management teams to meet formally and informally over cocktails, breakfast, and lunch. About EnerCom, Inc.: Founded in 1994, EnerCom, Inc. has been a trusted advisor to the global energy industry, working with clients to differentiate and deliver targeted messages to investors. Headquartered in Denver, EnerCom is an internationally recognized strategic communications and management consultancy that advises companies on investor relations, corporate strategy/board advisory, fractional/interim CFO advisory services, marketing, financial analysis and valuation, media, branding, and visual communications design. For more information about EnerCom and its services, please visit or call (303) 296-8834 to speak with one of our consultants. EnerCom Denver Sponsors Include: Netherland, Sewell & Associates, Inc. (NSAI) Netherland, Sewell & Associates, Inc. (NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. With offices in Dallas and Houston, NSAI provides a complete range of geological, geophysical, petrophysical, and engineering services and has the technical experience and ability to perform these services in any of the onshore and offshore oil and gas producing areas of the world. They provide reserves reports and audits, acquisition and divestiture evaluations, simulation studies, exploration resources assessments, equity determinations, and management and advisory services. Haynes and Boone, LLP Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables. Our team of more than 100 energy lawyers and landmen has been helping operators, lenders, and private equity firms with some of their most complex and significant transactions and disputes in recent years. The firm's nearly 700 lawyers practice across 19 global offices located in California, Colorado, Illinois, New York, North Carolina, Texas, Virginia, Washington, D.C., London, Mexico City, and Shanghai. The 2023 Chambers USA Legal Guide ranked 31 different firm practice areas, and in 2024, Haynes Boone became the first Am Law 100 firm to ever earn a Gold-level Bell Seal from Mental Health America. The U.S. News & World Report and Best Lawyers "Best Law Firms" 2023 survey ranked Haynes Boone in National Tier 1 in Oil & Gas Law. IMA IMA Financial Group is an independent broker, defining the future of insurance through comprehensive and consultative risk and wealth management services. A majority employee-owned and managed company, its 2,300-plus associates in offices across the country are empowered by a shared mission to manage risk, protect assets, and make a difference. Petrie Partners Petrie Partners, LLC is a boutique investment banking firm dedicated to the energy industry. The senior leadership has a multi-decade legacy of delivering specialized advice on mergers and acquisitions, asset transactions and valuations, and financings to the boards and managements of public, private, and sovereign entities. Petrie clients benefit from the independent, conflict-free perspective and unwavering advocacy of their best interests that the team brings to every engagement. Vitesse Energy Vitesse is a Denver-based company focused on returning capital to stockholders through owning and acquiring predominantly non-operated working interests in oil and gas properties in the Williston Basin of North Dakota and Montana. The Company also owns non-operated interests in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin. Oil & Gas 360® The Media Sponsor of Enercom Denver, Oil & Gas 360® is a one-stop source of news, information, and analysis from the professionals at EnerCom, Inc. The website is dedicated to all things energy: people, technologies, transactions, trends, and macro-economic analysis that impact our industry. Oil & Gas 360 View original content to download multimedia: SOURCE EnerCom, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
3 days ago
- Business
- Reuters
Mexico's Pemex payment crisis: suppliers threaten July shutdown
MEXICO CITY, June 17 (Reuters) - The Mexican association that groups major global oil services companies warned that it is going through an "unprecedented crisis" due to the lack of payments from the state-owned oil company Pemex, the world's most indebted energy company. In a letter sent to President Claudia Sheinbaum and released on Monday afternoon, the association warned that many of these companies may have to stop operations as early as July. The letter did not specify the amounts owned to the group's members, which include Baker Hughes (BKR.O), opens new tab, Halliburton (HAL.N), opens new tab, Weatherford (WFRD.O), opens new tab, SLB Oil & Gas (SLB.N), opens new tab and Grupo Mexico ( opens new tab . Pemex, one of Mexico's largest companies, has an outstanding debt with an extensive list of suppliers and contractors of around $20 billion, in addition to another financial debt of $101 billion, despite the injection of billions of dollars from the government in the last few years to face the amortizations. In the letter, the Mexican Association of Oil Services Companies (AMESPAC) urged Pemex to process and release the invoicing for services rendered in 2024, to guarantee regular invoicing and timely payment for those of 2025, and to design a payment plan to settle all historical debts owed to companies of the sector. The service sector has significantly decreased its activities because of the lack of payments from Pemex, AMESPAC said in the letter, adding that "its cash flow is seriously compromised and in most cases it cannot guarantee operational continuity as of July of this year." "We expect a precise response that addresses our concerns and reverses the deterioration of national hydrocarbon production, which compromises Mexico's energy security and sovereignty," the letter concluded. This is not the first time that AMESPAC has called on the government and Pemex to urge payments and their impact on the state-owned company's hydrocarbon production. Last week, Reuters exclusively reported that Hokchi Energy, one of Mexico's largest private oil producers, has sought new ways to market its hydrocarbons in the face of delays in payments by Pemex. Despite numerous promises of payments and partial settlements, liabilities continue to accumulate while oil production continues to fall. Pemex reported an 11% year-on-year plummet in production during the first quarter, in addition to posting losses.
Yahoo
3 days ago
- Business
- Yahoo
Baker Hughes to acquire Continental Disc for $540m
Energy technology company Baker Hughes has announced plans to acquire Continental Disc (CDC), a safety pressure management solutions company, from investment partnerships managed by Tinicum for approximately $540m. The transaction, which will be funded with cash in hand, is set to close in the fourth quarter of 2025 (Q4 2025), pending customary conditions and regulatory approvals. Headquartered in Liberty, Missouri, CDC is known for designing and manufacturing rupture discs, holders, indicators, pressure and vacuum-relief valves, flame and detonation arrestors, and related safety products. These products are highly complementary to Baker Hughes' Industrial & Energy Technology's current control valve and high-pressure relief valve products, used across a range of industries including pharmaceutical, chemical, oil and gas, and aerospace. CDC boasts a substantial global installed base, with essential products that necessitate regular replacement to ensure safety and operational reliability, enabling the company to generate recurring revenue. In 2024, CDC reported that approximately 80% of its $109m in proforma revenue was recurring. Tinicum partner Michael Donner added: 'We are confident that Baker Hughes will bring exciting new growth opportunities to the business and its team, given Baker Hughes' highly complementary product lines and global reach.' The acquisition of CDC, coupled with the recent Surface Pressure Control (SPC) transaction and the sale of the precision sensors & instrumentation (PSI) product line, is a strategic move by Baker Hughes to optimise its portfolio. Baker Hughes chairman and CEO Lorenzo Simonelli said: 'We are excited to enhance our industrial portfolio and expand our addressable market with the addition of CDC's well-established critical pressure management solutions. 'Together with the recently announced SPC and PSI transactions, this acquisition sets the blueprint for our portfolio optimisation strategy – focused on driving higher returns and creating long-term value for our shareholders.' "Baker Hughes to acquire Continental Disc for $540m" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Arab News
4 days ago
- Business
- Arab News
Oil Updates — prices rise as Iran-Israel conflict keeps floor under prices
SINGAPORE: Oil prices rose on Tuesday, with analysts saying that uncertainty would keep prices elevated, even as there were no concrete signs of any production losses stemming from the Iran-Israel conflict for now. Brent crude futures climbed 54 cents, or 0.7 percent, to $73.77 a barrel as of 9:30 a.m. Saudi time. US West Texas Intermediate crude was up 58 cents, or 0.8 percent, at $72.35. Both contracts rose more than 2 percent earlier in the trading session but also notched declines before bouncing back in volatile trading. Prices traded higher as there was still risk of further unrest and potential disruption of oil supply from the key Middle East producing region. However, there were no visible signs of supply loss for now, industry sources said. The Israel-Iran conflict has not led to a loss in oil production, and the Organization of the Petroleum Exporting Countries still has spare production capacity, the chief executive of Italy's Eni said on Tuesday. Meanwhile, all the facilities of energy services firm Baker Hughes are operating normally in the Middle East, its chief executive Lorenzo Simonelli told Reuters on Monday. The benchmark oil contracts settled more than 1 percent lower on Monday amid hopes that the conflict would ease after media reports Iran was seeking an end to hostilities. However, concerns remained as US President Donald Trump in a social media post urged 'everyone' to evacuate the Iranian capital of Tehran. Entering its fifth day on Tuesday, the fighting has continued with Iranian media reporting explosions and heavy air defense fire in Tehran. In Israel, air raid sirens sounded in Tel Aviv in response to Iranian missiles. 'The conflict between Iran and Israel is still fresh and brewing, and investor sentiments may still be holding on to the 'war risks',' Priyanka Sachdeva, senior market analyst at Phillip Nova, said in an email. 'Added volatility and caution ahead of the Fed policy decision are further ensuring higher-paced price reactions in oil,' Sachdeva added, referring to the US Federal Open Market Committee meeting, which guides interest rate decisions, that begins on Tuesday. Iran is the third-largest producer among members of the Organization of the Petroleum Exporting Countries. The concern is the fighting could disrupt its oil supply and raise prices, or Iran could retaliate by blocking shipping through the Strait of Hormuz. US media on Monday night reported Trump was proposing renewed talks with Iran on a nuclear deal, even as shipping sources said a vessel collided with two other ships sailing near the Strait of Hormuz, highlighting risks to companies moving oil and fuel supplies in the region.
Associated Press
4 days ago
- Business
- Associated Press
Baker Hughes' Sustainability Solutions Center in Malaysia Provides Centralized Support for Global Customers and Operations
KUALA LUMPUR, Malaysia, June 16, 2025 /3BL/ - Baker Hughes, an energy technology company, on Monday marked the advancements of its Sustainability Solutions Center in Kuala Lumpur, a unique, central resource providing and verifying environmental, social and governance (ESG) data of the company's products and services to its global customers and operations, with a ceremonial opening at Energy Asia 2025 in Malaysia. The center, dedicated to providing competent, timely and reliable data and information, serves as the only global solution to address its customers' growing needs with sustainability data to support them in their decarbonization journeys, in light of increasing mandatory and voluntary sustainability disclosures. 'At Baker Hughes, we are steadfast in our commitment to sustainability, as it provides long-term commercial value through our products and solutions to our customers. As the global regulatory landscape evolves, our Sustainability Solutions Center in Malaysia serves as the bedrock for providing credible and reliable environmental, social and governance (ESG) data and services that impacts us as well as our global customers,' said Baker Hughes Chief Sustainability Officer Allyson Anderson Book. 'We are excited to bring our global expertise in sustainability to Malaysia to support the country's energy transition vision.' 'This extension of providing ESG-related services reflects the confidence Baker Hughes has in the country and indeed it reaffirms the commitment they made to us not just by choosing Malaysia as their Asia Pacific Services Hub, but also to serve and support their entire global supply chain networks with the unveiling of their Sustainability Solution Center today. This aligns closely with the Government's aspiration in achieving our sustainability and energy transition goals set under the National Energy Transition Roadmap (NETR) and Hydrogen Economy and Technology Roadmap (HETR),' said Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, chief executive officer of the Malaysian Investment Development Authority (MIDA), the principal investment promotion agency driving sustainability and innovation in the country. Baker Hughes has been in Malaysia for over 50 years, with Kuala Lumpur serving as a key regional hub for the company's regional operations across both its Industrial Energy & Technology and Oilfield Services & Equipment businesses. With over 1,200 employees, Malaysia also hosts one of the company's three global fleet monitoring and diagnostics connectivity center called iCenter, providing 24/7 monitoring of 1,000+ global assets. The company works with leading customers and stakeholders in the region to enable efficiency and meet the growing energy demand. The Baker Hughes Sustainability Solutions Center is a central global resource for providing and verifying sustainability, information and ESG-related data of the company's products and services to our global customers and operations in 120 countries. The company held a ceremonial opening of the Center at its booth at the Energy Asia event held in Kuala Lumpur from June 16-18. To learn more about sustainability at Baker Hughes, click here. About Baker Hughes Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at For more information, please contact: Media Relations – GlobalAdrienne Lynch+1 713-906-8407 [email protected] Media Relations - APACAdeline Teo+65 8380 4045 [email protected] Visit 3BL Media to see more multimedia and stories from Baker Hughes Energy Services LLC
