CERAWEEK UPDATE: Who’s Saying What at CERAWeek – Baker Hughes Planning for Multiple Years of Oil, Gas Growth & More

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It’s the first day of CERAWeek by S&P Global in Houston, one of the biggest events on the calendar for the energy industry, with over 1,000 CEOs, policymakers and financiers due to speak. This year’s event is framed around the so-called trilemma facing global energy: ensuring security of supply amid war and geopolitical tensions, while also transitioning toward a zero-carbon system and keeping energy affordable.All time stamps are Houston.

Baker Hughes CEO Planning for Multiple Years of Oil, Gas Growth (4:55 p.m.)

Baker Hughes Co., the world’s No. 3 oil field-services provider, is gearing up for years of expansion to make up for underinvestment from clients.

“We do see a hunger and a need for more oil,” Chief Executive Officer Lorenzo Simonelli said in a Bloombert TV interview. He added that while growth is leveling off in North America, it’s a different story overseas, where demand is outstripping supply.

Kerry Calls for Larger-Scale Climate Reform (4:47 p.m.)

Multibillion-dollar deals to advance clean energy deployment and shift away from coal-fired power in individual countries — like those announced in South Africa,