An impeller-type liquid ring compressor having a particular bearing configuration. Such a bearing arrangement may completely support the impeller as it rotates, eliminating many of the problems inherent in the prior art designs without changing the general overhung impeller design. This may allow the impeller-type liquid ring compressor to be easily retrofitted in existing use environments, such as, for example, oil and gas processing facilities, oil refineries, and petrochemical processing facilities. In some exemplary embodiments, a thrust bearing may be located on the front face of the impeller, or radial bearings may be disposed between the vanes of the impeller. A radial bearing and thrust bearing may further be disposed on the shaft side of the impeller close to the impeller itself. The compressor may be configured so that the process fluid carries heat away from each of these bearings.