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.
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NGI The Weekly Gas Market Report
Vitol Reports 35% Rise in Traded LNG Volumes, Says Fuel to Supply Greater Share of Revenue
Vitol Inc. CEO Russell Hardy said Friday the Swiss commodities giant expects liquefied natural gas (LNG) to account for a growing share of revenue, as delivered volumes rose 35% to 10.5 million metric tons (mmt) in 2019.
March 27, 2020
In Victory for Standing Rock Sioux, New EIS Ordered for Dakota Access Pipeline
A federal judge has reopened the question of whether the Dakota Access Pipeline (DAPL) in North Dakota, which began flowing crude from North Dakota’s Bakken Shale in 2017, will be allowed to continue operating.
March 26, 2020
NGI The Weekly Gas Market Report
Natural Gas, Power Utilities Said Well-Positioned to Weather Coronavirus Impacts
Regulated natural gas and power utilities are relatively well positioned to weather the economic impacts of the Covid-19pandemic, according to a new report by Moody’s Investors Service.
March 25, 2020
NGI The Weekly Gas Market Report
Icahn Cements Control at Oxy through Board Appointments
In concessions to activist shareholder Carl Icahn, Houston-based independent Occidental Petroleum Corp. (Oxy) has named Magnolia Oil and Gas Corp. CEO Stephen Chazen as chairman and appointed three Icahn-picked directors to the board.
March 25, 2020
NGI The Weekly Gas Market Report
Mexico Oil, Natural Gas Output Inches Upward in February; Coming Months Less Certain
Crude oil production in Mexico rose for a fourth straight month in February, although the president indicated this week that the government would likely revise production goals downward for state oil company Petróleos Mexicanos (aka Pemex) amid the current oil market turmoil.
March 25, 2020
In Concession to Icahn, Oxy Taps Former Chief Chazen as Chair
Houston-based independent Occidental Petroleum Corp. (Oxy) said Tuesday it has named Magnolia Oil and Gas Corp. CEO Stephen Chazen as chairman in an apparent concession to activist shareholder Carl Icahn.
March 24, 2020
NGI The Weekly Gas Market Report
Williams Adopts Poison Pill to Fend off Speculators Amid Market Volatility
Tulsa-based Williams, one of the United States’ largest natural gas pipeline operators, has adopted a limited duration stockholder rights agreement, known commonly as a poison pill, in order to protect shareholders from the speculative acquisition of company shares for a bargain amid current market volatility.
March 23, 2020
NGI The Weekly Gas Market Report
Mexico Analysts Sound Alarm on Pemex, Economy As Coronavirus Spreads
Analysts and industry continue to sound the alarm about the vulnerability of Mexico’s state oil company and economy to low oil prices and the evolving coronavirus pandemic.
March 23, 2020
Saudi May Hold Out Up To 2 Years in Price War, Fitch Analyst Says
With the Organization of the Petroleum Exporting Countries (OPEC)-plus alliance having failed to reach an agreement earlier this month to extend production cuts and boost prices, the Saudi-led cartel and former oil ally Russia are entrenched in a battle to see which one can hold out longer in an oversupplied global market, Fitch Solutions Inc. analysts said Thursday.
March 20, 2020
Fitch Sees Global Oil Demand Plunging by 7-10 Million b/d in 2Q
Fitch Solutions Inc. is forecasting a year/year (y/y) decline of 7-10 million b/d in global oil demand for the second quarter of 2020 from the one-two punch of the coronavirus pandemic and a price war between Russia and the Organization of the Petroleum Exporting Countries (OPEC), analysts said on a webinar Thursday.
March 19, 2020