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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Articles from Andrew Baker
‘Too Little, Too Late,’ Says Aramco CEO of Global Oil, Natural Gas Investment
Policymakers must ensure the supply of conventional energy sources alongside lower carbon ones as the energy transition marches on, according to Saudi Arabian Oil Co. (Aramco) CEO Amin Nasser. The head of the state-owned oil behemoth has been warning of the threats to global energy security posed by underinvestment in oil and natural gas. “Many…
September 21, 2022
Credit Rating Agency Cites Mexico’s ‘Lost Opportunity’ to Improve Pemex Financial Health
Mexico may have missed a chance to shore up the finances of its heavily indebted state oil company Petróleos Mexicanos (Pemex), according to credit ratings analysts at Fitch Ratings Inc. “Elevated oil prices in 2022 were a lost opportunity to materially improve” Pemex’s standalone credit profile or SCP, said Fitch analysts Saverio Minervini and Carlos…
September 19, 2022
North Dakota Markets Record Natural Gas Volumes, Reports Three-Year Permitting High
North Dakota posted a 1.5% month/month increase in natural gas production and a record high volume of gas captured in July, despite a 2.5% decline in oil output. Natural gas production averaged 3.1 Bcf/d, of which 3 Bcf/d or 94% was captured and sent to market while the remaining 6% was flared off, according to…
September 19, 2022
IRA, Permitting Reform Seen Possibly Boosting Natural Gas Infrastructure
The Inflation Reduction Act of 2022 (IRA) and a related promise for energy permitting reform may have improved the outlook for natural gas infrastructure, according to industry stakeholders. Speakers at LDC Forums’ Mid-Continent Forum in Chicago were under no illusions about the continued challenges facing newbuild projects, especially interstate pipelines. However, recent events have offered…
September 16, 2022
Natural Gas Suppliers Tout Certified Gas, RNG as ‘Bridge Products’ to Decarbonization
Decarbonizing natural gas consumption is considerably more complex than doing so for electricity, but U.S. gas suppliers are up for the challenge, industry players said this week. The ultimate goal to neutralize the climate-warming impact of natural gas is large-scale deployment of low-carbon hydrogen, along with carbon capture, utilization and storage (CCUS), said BP plc’s…
September 14, 2022
‘Bullish Supply, Bearish Price’ Signals Seen for U.S. Natural Gas, Though Volatility Still Likely
Despite multiple bearish indicators heading into winter, it doesn’t take much these days for U.S. natural gas prices to swing sharply upward, experts said Monday. Rising domestic production and expected milder than average temperatures across much of the Lower 48 should help keep prices in check over the coming months, even with storage levels currently…
September 14, 2022
Winter Natural Gas Price Spikes Said Possible Despite Mild Forecast, Output Rebound
Despite multiple bearish indicators heading into winter, it doesn’t take much these days for U.S. natural gas prices to swing sharply upward, experts said Monday. Rising domestic production and expected milder than average temperatures across much of the Lower 48 should help keep prices in check over the coming months, even with storage levels currently…
September 13, 2022
FERC Urged to Support Natural Gas Infrastructure in New England Amid Winter Supply Concerns
New England energy sector stakeholders stressed the importance of natural gas to the region’s energy security on Thursday at an event organized by FERC. The Federal Energy Regulatory Commission convened the forum to seek input on the region’s winter supply challenges. Primarily because of pipeline constraints, New England relies on LNG imports to cover increased…
September 9, 2022
Recession Fears, Europe Supply Woes Weigh on North American Natural Gas Markets Ahead of Winter
With a U.S. recession appearing more likely in 2023 and uncertainty swirling around natural gas flows from Russia to Europe, natural gas markets may be in for a bumpy ride heading into the shoulder and winter seasons. “Our baseline is that you will see a recession in 2023,” Macquarie Group Ltd.’s David Doyle, head of…
September 7, 2022
Natural Gas Markets Mull Recession Fears, Europe Storage Outlook Heading into Shoulder Season
With a recession appearing more likely in 2023 and uncertainty swirling around natural gas flows from Russia to Europe, natural gas markets may be in for a bumpy ride heading into the shoulder and winter seasons. “Our baseline is that you will see a recession in 2023,” Macquarie Group Ltd.’s David Doyle, head of economics,…
September 6, 2022