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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.

ConocoPhillips Sharply Raises 2022 Capex to $7.2B, with Output Growth Driven by Alaska, Permian

ConocoPhillips Sharply Raises 2022 Capex to $7.2B, with Output Growth Driven by Alaska, Permian

ConocoPhillips is targeting full-year capital expenditures (capex) of around $7.2 billion in 2022, up from the $5.3 billion forecast for 2021, according to preliminary guidance. The Houston-based exploration and production (E&P) giant said about 60% of the spend “will be directed to the Lower 48 for short-cycle investment across the company’s extensive, high-quality unconventional asset…

December 8, 2021
Tamboran Lands Investment to Accelerate Australian Natural Gas Exploration

Tamboran Lands Investment to Accelerate Australian Natural Gas Exploration

Former Parsley Energy Inc. CEO Bryan Sheffield has acquired a roughly 7.4% stake in Australian natural gas explorer Tamboran Resources Ltd. Founded in 2009, Tamboran styles itself as “a natural gas company that intends to play a  constructive role in the global energy transition towards a lower carbon future.” The producer develops unconventional natural gas…

December 6, 2021
ExxonMobil Targeting Net Zero Emissions in the Permian by 2030

ExxonMobil Targeting Net Zero Emissions in the Permian by 2030

ExxonMobil is targeting net zero Scope 1 and 2 greenhouse gas emissions from its operated Permian Basin assets by 2030, the company said Monday. The Irving, TX-based supermajor was producing 500,000 boe/d in the Permian at the end of the third quarter, accounting for more than 40% of the company’s U.S. net production. ExxonMobil plans…

December 6, 2021
Oil, Gas Execs Looking to Texas, Oklahoma for Top Investments, Eschewing Canada

Oil, Gas Execs Looking to Texas, Oklahoma for Top Investments, Eschewing Canada

Policies and regulations in the U.S. oil and natural gas patch, led by Texas, are viewed as substantially more favorable to investment than in Canada, according to the latest survey by the Fraser Institute. The 2021 Canada-US Energy Sector Competitiveness Survey by the Vancouver-based think tank asked 71 senior executives in the petroleum sector to…

December 6, 2021
California Looks to Shore Up Power Supply, Possibly with Natural Gas, to Prevent Summer Outages

California Looks to Shore Up Power Supply, Possibly with Natural Gas, to Prevent Summer Outages

The California Public Utilities Commission (CPUC) on Thursday approved a series of actions to reduce the risk of power outages during extreme heat events, including possible increased natural gas-fired generation from existing plants. Following prolonged heat waves across the western United States in 2020 and 2021, the measures aim to reduce energy demand and increase…

December 4, 2021
Lower 48 Oil, Gas Spending Seen Rising 19% in 2022 on Cost Inflation, Activity Uptick

Lower 48 Oil, Gas Spending Seen Rising 19% in 2022 on Cost Inflation, Activity Uptick

Spending by Lower 48 oil and natural gas producers is set to rise by 19.4% next year to $83.4 billion from an expected $69.8 billion in 2021, according to new analysis by Rystad Energy.  Service price inflation is expected to account for $9.2 billion of the spending growth, with increased activity contributing $8.6 billion, said…

December 3, 2021
TC Energy Eyeing $5-6B in Mexico Natural Gas Investment by 2025, Citing Strong Fundamentals

TC Energy Eyeing $5-6B in Mexico Natural Gas Investment by 2025, Citing Strong Fundamentals

TC Energy Corp. sees “a wealth of untapped demand” for natural gas in Mexico to be unlocked over the next decade, said Stanley Chapman III, the firm’s president for U.S. and Mexico natural gas pipelines, on Wednesday. “As demand across our backbone system in the heart of Mexico continues to emerge, future in-corridor expansions will…

December 1, 2021
U.S. Friendlier to Natural Gas, Oil Investments than Canada, Execs Say

U.S. Friendlier to Natural Gas, Oil Investments than Canada, Execs Say

Policies and regulations in the U.S. oil and natural gas patch, led by Texas, are viewed as substantially more favorable to investment than in Canada, according to the latest survey by the Fraser Institute. The 2021 Canada-US Energy Sector Competitiveness Survey by the Vancouver-based think tank asked 71 senior executives in the petroleum sector to…

December 1, 2021
Mexico’s CFE Planning $4.5 Billion Offshore Natural Gas Pipeline Expansion 

Mexico’s CFE Planning $4.5 Billion Offshore Natural Gas Pipeline Expansion 

Mexican state power utility Comisión Federal de Electricidad (CFE) said Thursday it is developing a $4.5 billion project with energy ministry Sener and Sistrangas pipeline grid operator Centro Nacional de Control del Gas Natural (Cenagas) to expand natural gas access on the Yucatán Peninsula. A CFE spokesperson told NGI’s Mexico GPI that the project in…

November 29, 2021
Former Parsley CEO Sheffield Acquires 7.4% Stake in Australian Natural Gas Explorer Tamboran

Former Parsley CEO Sheffield Acquires 7.4% Stake in Australian Natural Gas Explorer Tamboran

Former Parsley Energy Inc. CEO Bryan Sheffield has acquired a roughly 7.4% stake in Australian natural gas explorer Tamboran Resources Ltd., executives said Tuesday. Founded in 2009, Tamboran styles itself as “a natural gas company that intends to play a  constructive role in the global energy transition towards a lower carbon future.” The producer develops…

November 29, 2021
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