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Andrew Baker

Andrew joined NGI in 2018 to support coverage of Mexico’s newly liberalized oil and gas sector, and his role has since expanded to include the rest of North America. Before joining NGI, Andrew covered Latin America’s hydrocarbon and electric power industries from 2014 to 2018 for Business News Americas in Santiago, Chile. He speaks fluent Spanish, and holds a B.A. in journalism and mass communications from the University of Minnesota.

Energy Lenders Predicting Natural Gas Price Recovery in 2025

Energy Lenders Predicting Natural Gas Price Recovery in 2025

Banks that lend to the oil and gas industry expect natural gas prices to recover from recent historic lows and reach the $3/MMBtu mark by 2025, according to new research by Haynes and Boone LLP. The law firm surveys bankers twice a year about their current oil and natural gas price decks, which are used…

May 22, 2024
Southeastern Mexico Lacks Natural Gas Access Despite Producing Most of it, Says Report

Southeastern Mexico Lacks Natural Gas Access Despite Producing Most of it, Says Report

Mexico’s next government must improve access to natural gas in the country’s south-southeastern region, according to the Instituto Mexicano para la Competitividad (IMCO) think tank.  Although the region accounts for most of Mexico’s domestic gas production, homes and businesses there lack access to the fuel, leading to higher electricity costs and fewer development opportunities than…

May 20, 2024
Alberta’s Peyto Better Prepared for Wildfires, Expects Low Natural Gas Prices to Linger

Alberta’s Peyto Better Prepared for Wildfires, Expects Low Natural Gas Prices to Linger

As wildfires rage across Western Canada, Peyto Exploration & Development Corp. has taken measures to mitigate potential impacts to its natural gas operations, according to CFO Tavis Carlson. Carlson and CEO Jean-Paul Lachance hosted a conference call to discuss first quarter earnings for the Calgary-based producer.  Carlson said that after a similarly intense wildfire season…

May 17, 2024
Canadian Natural Sees LNG Demand Boosting Natural Gas Prices Next Year 

Canadian Natural Sees LNG Demand Boosting Natural Gas Prices Next Year 

Alberta’s Canadian Natural Resources Ltd. is taking a glass-half-full view of the current natural gas price slump, according to CEO Scott Stauth. Stauth hosted a conference call to discuss first quarter earnings for Calgary-based Canadian Natural, one of the country’s largest independent natural gas producers. The company’s gas-focused operations target the Montney Shale and Alberta…

May 14, 2024
Sempra’s Energia Costa Azul LNG in Mexico Advancing to Summer 2025 Start

Sempra’s Energia Costa Azul LNG in Mexico Advancing to Summer 2025 Start

Sempra is betting on substantial growth in global LNG demand over the coming years despite regulatory uncertainty over the future of U.S. exports, management said. CEO Jeffrey Martin hosted a conference call to discuss first quarter 2024 earnings for the San Diego, CA-based energy firm. Through its Sempra Infrastructure unit, the company has nearly 40…

May 13, 2024
Sempra Doubling LNG Export Capacity Ahead of Forecast Demand Surge

Sempra Doubling LNG Export Capacity Ahead of Forecast Demand Surge

Sempra is betting on substantial growth in global LNG demand over the coming years despite regulatory uncertainty over the future of U.S. exports, management said. CEO Jeffrey Martin hosted a conference call to discuss first quarter 2024 earnings for the San Diego, CA-based energy firm. Through its Sempra Infrastructure unit, the company has nearly 40…

May 10, 2024
Canada’s Tourmaline Touts Profitability Amid ‘Extremely Weak’ Natural Gas Prices

Canada’s Tourmaline Touts Profitability Amid ‘Extremely Weak’ Natural Gas Prices

Canada’s largest natural gas producer, Tourmaline Oil Corp., is using hedging and a diversified marketing strategy to counteract low prices for the commodity in Western Canada, management said.  CEO Michael Rose hosted a conference call to discuss first quarter earnings for Tourmaline, which operates in the Alberta Deep Basin, the Montney Shale and the Peace…

May 7, 2024
Devon Supporting Efforts to Sanction Another Permian Natural Gas Pipe, Says CFO

Devon Supporting Efforts to Sanction Another Permian Natural Gas Pipe, Says CFO

Devon Energy Corp. is working with midstream companies to help advance a natural gas pipeline in the Permian Basin, management said Thursday.  CEO Rick Muncrief and his management team hosted a conference call to discuss first quarter earnings for the Oklahoma City-based oil and gas producer. Devon operates primarily in the Permian’s Delaware sub-basin, as…

May 3, 2024
Mexico Natural Gas Production Continues to Slide as Cheap U.S. Supply on the Rise

Mexico Natural Gas Production Continues to Slide as Cheap U.S. Supply on the Rise

Mexico’s natural gas production averaged 3.90 Bcf/d in March 2024, down from 4.35 Bcf/d in March 2023. State oil company Petróleos Mexicanos (Pemex) accounted for 3.70 Bcf/d of the total, compared to 4.13 Bcf/d in the year-ago month, data from upstream regulator Comisión Nacional de Hidrocarburos (CNH) show. Private sector operators supplied the remainder.  Pemex…

May 1, 2024
Antero Touts Premium Natural Gas and NGL Markets Exposure, Forecasts 2025 Market Rebalance

Antero Touts Premium Natural Gas and NGL Markets Exposure, Forecasts 2025 Market Rebalance

Appalachian Basin pure play Antero Resources Corp. expects the currently oversupplied natural gas market to balance over the next year as producers tap the brakes and export demand picks up. During a call to discuss first quarter earnings, CEO Paul Rady and his management team highlighted the natural gas liquids-rich production mix and exposure to…

May 1, 2024
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