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.
Archive / Author
SubscribeAndrew Baker
Articles from Andrew Baker
Ovintiv Pursuing Natural Gas Price ‘Diversification,’ Citing Strong Market Fundamentals
Ovintiv Inc. is exploring options to increase the exposure of its multi-basin upstream portfolio to a dynamic global natural gas market, CEO Brendan McCracken said. The Denver-based independent works in numerous onshore plays throughout North America, including in the Montney Shale, Anadarko Basin, Permian Basin, Bakken Shale and Uinta Basin. On a call to discuss…
U.S.-Mexico Energy Trade Hits Record High Amid Surging Natural Gas, Oil Prices
The value of cross-border energy trade between the United States and Mexico reached a nine-year high of $42 billion in 2021, according to the U.S. Energy Information Administration (EIA). The figure is the highest ever recorded in U.S. Census Bureau data, which started in 1996, said EIA researchers led by Natalie Kempkey. The immense flow…
Continental Raising Capex, Output Guidance, Touts Oklahoma Natural Gas Gushers
Continental Resources Inc. has upwardly revised its 2022 forecast for capital spending, as well as oil and natural gas production, management said Thursday. Oklahoma City-based Continental is the top producer in the oily Bakken Shale and the gassy, liquids-rich Anadarko Basin. Following a pair of recent acquisitions, it also is the No. 2 leaseholder in…
Lower 48 Oil Production Growth Forecasts Too Aggressive, Says Pioneer’s Sheffield
Projections of Lower 48 oil production growth this year are “way too high,” Pioneer Natural Resources Co. CEO Scott Sheffield said Thursday. Irving, TX-based Pioneer is among the largest producers in the Permian Basin, with operations focused on the Midland sub-basin. As evidence, Sheffield pointed to comments by oilfield services CEOs, including Halliburton Co.’s Jeff…
Diamondback Holding Line on Permian Production – Despite High Prices, Demand
Permian Basin pure-play Diamondback Energy Inc. is not budging on plans to keep oil production flat this year, despite increased market tightness because of Russia’s invasion of Ukraine, said CEO Travis Stice. Diamondback “is committed to maintaining our current production levels, providing a significant supply of energy to our country and the world,” said Stice…
TC Energy Gearing Up to Supply Mexico LNG Export Terminal
TC Energy Corp. is preparing to expand its natural gas pipeline network to supply molecules to Sempra’s Energía Costa Azul (ECA) liquefaction project under construction on Mexico’s Pacific Coast. On a conference call to discuss first-quarter earnings, TC’s CEO Francois Poirier highlighted the U.S. Federal Energy Regulatory Commission’s approval last month of the proposed 500…
Antero Ready to Capture LNG Upside as Calls for U.S. Exports Grow
Appalachian Basin pure-play Antero Resources Co. is betting on continued high natural gas prices, driven by a “structural shift” in the relationship between U.S. prices and storage levels, CEO Paul Rady said last week. “The primary driver behind this shift is the supply side,” Rady told analysts during a call to discuss first quarter earnings.…
Shell, TotalEnergies and Petrobras say Production Underway at Deepwater Megaproject off Brazilian Coast
First-phase production has begun at the immense Mero deepwater oil and natural gas field off the Brazilian coast. Mero is located in the Libra block, more than 150 kilometers (93 miles) off the coast of Rio de Janeiro in the prolific pre-salt area of the Santos Basin. Libra is operated by Brazilian national oil company…
TC Energy Sees North American LNG Exports Swelling 90% by 2030
TC Energy Corp. now expects liquefied natural gas (LNG) exports from North America to reach 25 Bcf/d by 2030, up more than 90% from current levels, according to CEO Francois Poirier. “While the world confronts a serious geopolitical shift, a transition to cleaner energy that also meets the world’s demand is still required,” Poirier said…
Antero Betting on Bullish ‘Structural Shift’ in Natural Gas Prices
Appalachian Basin pure-play Antero Resources Co. is betting on continued high natural gas prices, driven by a “structural shift” in the relationship between U.S. prices and storage levels, CEO Paul Rady said Thursday. “The primary driver behind this shift is the supply side,” Rady told analysts during a call to discuss first quarter earnings. He…