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.

Mexico’s Pemex to Invest $2B to Reduce Methane Pollution Amid Growing Concern Over Emissions

Mexico’s Pemex to Invest $2B to Reduce Methane Pollution Amid Growing Concern Over Emissions

Mexico’s state oil company Petróleos Mexicanos (Pemex) plans to invest $2 billion to reduce upstream methane emissions by up to 98%, Mexico’s president Andrés Manuel López Obrador said Friday. The investment is one of 10 actions Mexico is undertaking to fight climate change, the president said in a video address to the Major Economies Forum…

June 24, 2022
GOM Natural Gas Production Seen Falling for Fourth Straight Year in 2023

GOM Natural Gas Production Seen Falling for Fourth Straight Year in 2023

Natural gas production in the U.S. Gulf of Mexico (GOM) is expected to decline for a fourth straight year in 2023, according to Energy Information Administration (EIA) analysts. GOM gas output is forecast to average 2.1 Bcf/d in 2023, down 0.1 Bcf/d from the expected total in 2022, said EIA analysts James Easton, Kirby Lawrence…

June 24, 2022
Mexico’s AMLO Pledges $2B to Curb Pemex Methane Leaks as ESG Concerns Mount

Mexico’s AMLO Pledges $2B to Curb Pemex Methane Leaks as ESG Concerns Mount

Mexico’s state oil company Petróleos Mexicanos (Pemex) plans to invest $2 billion to reduce upstream methane emissions by up to 98%, Mexico’s president Andrés Manuel López Obrador said Friday. The investment is one of 10 actions Mexico is undertaking to fight climate change, the president said in a video address to the Major Economies Forum…

June 22, 2022
Double Eagle Targeting ‘Very Large’ Permian Acquisitions with $1.7B PE Commitment

Double Eagle Targeting ‘Very Large’ Permian Acquisitions with $1.7B PE Commitment

Double Eagle Energy has secured private equity (PE) funding of $1.7 billion-plus to pursue upstream opportunities in the Permian Basin through two new entities. In partnership with EnCap Investments LP, Double Eagle has formed Double Eagle Energy Holdings IV LLC and Tumbleweed Royalty IV LLC. The plan is for Double Eagle IV to invest in…

June 21, 2022
API Calls on Biden Administration to Fast-Track LNG Export Approvals

API Calls on Biden Administration to Fast-Track LNG Export Approvals

The American Petroleum Institute (API) has put forth a 10-point policy plan it wants the Biden administration to adopt to promote U.S. oil and natural gas production – and ease the global energy crisis. “As energy costs and geopolitical instability around the world continue to rise, API is calling on policymakers to confront the global…

June 21, 2022
Magnum, Mitsubishi Looking to Build World-Class Green Hydrogen Hub in Utah

Magnum, Mitsubishi Looking to Build World-Class Green Hydrogen Hub in Utah

Magnum Development LLC and Mitsubishi Power Americas Inc. have secured a $504 million loan guarantee from the U.S. Department of Energy (DOE) to develop what could be the world’s largest industrial green hydrogen hub in Delta, UT. The loan is DOE’s first in more than 10 years for a renewable energy project, Mitsubishi Power said.…

June 21, 2022
North Dakota Regulator Sees Growing Incentive for Public E&Ps to Go Private

North Dakota Regulator Sees Growing Incentive for Public E&Ps to Go Private

News that Continental Resources Inc. may be taken private should come as no surprise, according to North Dakota’s top oil and gas regulator. Continental is the largest producer in the oily Bakken Shale, which accounts for 96% of the state’s production. Executive Chairman Harold Hamm announced he is seeking to purchase all outstanding shares in…

June 17, 2022
Biden Urged by Industry to Speed Up LNG Exports, Streamline Natural Gas Permitting

Biden Urged by Industry to Speed Up LNG Exports, Streamline Natural Gas Permitting

The American Petroleum Institute (API) has put forth a 10-point policy plan it wants the Biden administration to adopt to promote U.S. oil and natural gas production – and ease the global energy crisis. “As energy costs and geopolitical instability around the world continue to rise, API is calling on policymakers to confront the global…

June 15, 2022
Continental’s Hamm Wants to Go Private in $4.4B Share Repurchase

Continental’s Hamm Wants to Go Private in $4.4B Share Repurchase

Harold Hamm, the billionaire executive chairman of Continental Resources Inc., has put forth a nonbinding proposal to acquire for cash all outstanding common shares at a 9% premium to Monday’s closing price to take the largest Bakken Shale producer private. At Hamm’s offer price of $70.00/share, the outstanding shares would be valued at about $4.4…

June 14, 2022
Mexico’s AMLO Aiming for 500 MMcf/d Jaltipan-Salina Cruz Pipeline To Be Built Within a Year

Mexico’s AMLO Aiming for 500 MMcf/d Jaltipan-Salina Cruz Pipeline To Be Built Within a Year

Mexico’s president said Saturday he hopes for construction of the Jaltipán-Salina Cruz natural gas pipeline to be complete within a year at the most. The proposed 500 MMcf/d pipeline would span the Tehuantepec Isthmus, from Chinameca, Veracruz, to Salina Cruz, Oaxaca, where the government is planning a 3 million metric tons/year floating liquefied natural gas…

June 13, 2022