Archive / Author

Subscribe

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.

Valero Says Gasoline Sales Near Pre-Pandemic Levels, Natural Gas-to-Oil Switching Imminent

Valero Says Gasoline Sales Near Pre-Pandemic Levels, Natural Gas-to-Oil Switching Imminent

Management of refining giant Valero Energy Corp. painted a bullish picture for oil products demand on Thursday, citing low inventories and surging global natural gas prices among factors boosting healthy crack spreads for U.S. refineries. “Refining margins were supported by strong recovery in product demand coupled with product inventories falling to low levels during the…

October 22, 2021
Matador to Keep Drillbit Spinning in Permian Delaware of New Mexico

Matador to Keep Drillbit Spinning in Permian Delaware of New Mexico

Matador Resources Co. expects to drill nine wells before the end of the year at its Rodney Robinson leasehold in Eddy County, NM, management said Wednesday. Dallas-based Matador said it is currently running two drilling rigs at Rodney Robinson in the western portion of the firm’s Antelope Ridge asset area in the Permian Basin’s Delaware…

October 22, 2021
Texas Legislators Seek White House Intervention on Mexico Energy Policies

Texas Legislators Seek White House Intervention on Mexico Energy Policies

A bipartisan group of Texas legislators has asked the Biden administration to intervene on behalf of U.S. energy companies operating in Mexico amid the latter country’s increasingly nationalistic energy policies. Sens. John Cornyn and Ted Cruz, along with 18 of the state’s 32 U.S. representatives, signed a letter Tuesday (Oct. 19) to U.S. Ambassador to…

October 20, 2021
U.S. Oil, Natural Gas Producers Seen Having More Access to Capital This Fall

U.S. Oil, Natural Gas Producers Seen Having More Access to Capital This Fall

Exploration and production (E&P) companies that work in the United States are expected to have more reserve-based lending (RBL) capital available to them this fall versus last spring, according to the latest biannual survey conducted by Haynes and Boone LLP. The law firm conducts surveys ahead of each fall and spring redetermination season for RBL,…

October 20, 2021
North Dakota Touts $2.8B GTL Plant, with Construction Starting in 2023

North Dakota Touts $2.8B GTL Plant, with Construction Starting in 2023

North Dakota has approved initial support for a $2.8 billion gas-to-liquids (GTL) plant envisioned for Trenton in Williams County, in the heart of the Williston Basin. The North Dakota Development Fund (NDDF) is providing $3 million in initial development capital to project sponsor Cerilon GTL Inc., Gov. Doug Burgum’s office said. NDDF provides flexible funding…

October 19, 2021
Fewer Levers to Pull in Response to High Natural Gas Prices, Say Experts

Fewer Levers to Pull in Response to High Natural Gas Prices, Say Experts

The ability of North America’s natural gas market to respond to price spikes this winter may be limited on both the supply and demand sides of the equation, according to experts. In recent years, Lower 48 gas producers would typically respond to high prices by ramping up output. However, the response to the current price…

October 16, 2021
Cryptocurrency Mining Showing Promise to Mitigate Natural Gas Flaring in North Dakota

Cryptocurrency Mining Showing Promise to Mitigate Natural Gas Flaring in North Dakota

Data centers used to mine cryptocurrency such as Bitcoin are proving an attractive option to mitigate natural gas flaring in North Dakota, the state’s top oil and gas regulator said Wednesday. The energy-intensive process of solving cryptographic puzzles to verify transactions on the distributed network known as the blockchain requires a round-the-clock source of reliable…

October 15, 2021
Labor Clashes Intensify at Mexico’s Dos Bocas Refinery as AMLO Policies Questioned

Labor Clashes Intensify at Mexico’s Dos Bocas Refinery as AMLO Policies Questioned

Videos circulated on Wednesday of violent clashes between security forces and striking employees of construction firm ICA Fluor at the Dos Bocas oil refinery construction site in Mexico’s Tabasco state.  Workers reportedly are demanding better pay and working conditions before resuming work on the refinery, one of the flagship public works promoted by President Andrés…

October 13, 2021
Exelon Pouring $300M into Nuclear Upgrades as Illinois Targets 100% Clean Energy by 2050

Exelon Pouring $300M into Nuclear Upgrades as Illinois Targets 100% Clean Energy by 2050

Exelon Generation plans to invest more than $300 million in capital projects to upgrade its nuclear power plants in Illinois as a result of sweeping clean energy legislation passed last month. Gov. J.B. Pritzker in mid-September signed Senate Bill (SB) 2408 to put Illinois on a path toward 100% renewable energy by 2050. The bill…

October 12, 2021
Mexico LPG Distributors Warn of Route Closures, Supply Shortages Due to Price Caps

Mexico LPG Distributors Warn of Route Closures, Supply Shortages Due to Price Caps

Mexico’s private distributors of liquified petroleum gas (LPG) on Monday urged authorities to modify their approach to pricing and regulation in the sector amid rising global propane prices ahead of winter. Trade group Asociación Mexicana de Distribuidores de Gas Licuado de Petróleo y Empresas Conexas (Amexgas) said that LPG price caps imposed this summer by…

October 11, 2021
‹ Previous 1 2 3 79