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
Russian Firm’s New Acquisition Drives Mexico Oil Production Growth
Private sector oil production in Mexico hit a record high of 86,056 b/d in January, up from the previous high of 74,809 b/d set in December and 53,064 b/d in January 2021, according to upstream regulator Comisión Nacional de Hidrocarburos (CNH). The 62% year/year increase was driven largely by Fieldwood Energy LLC, which until last…
March 2, 2022
Energy Transfer Selling Canada Natural Gas Business for $1.3B
Houston-based Energy Transfer LP has agreed to sell its 51% stake in its Canadian arm for about C$1.6 billion ($1.3 billion) to a joint venture that includes Pembina Pipeline Corp. and global infrastructure funds managed by KKR. Energy Transfer Canada ULC is one of the largest natural gas processors in Alberta. Its assets include six…
March 1, 2022
Sempra Exec Touts ‘Dramatic Increase’ in Offtaker Interest for Mexico, U.S. LNG Projects
Sempra is seeing “a dramatic increase in the market interest” for its liquefied natural gas (LNG) export projects under development on Mexico’s Pacific Coast and the U.S. Gulf Coast, according to Sempra Infrastructure CEO Justin Bird. Formed in 2021, Sempra Infrastructure is tasked with developing, building and operating Sempra’s natural gas liquefaction, pipeline and storage…
February 28, 2022
California Natural Gas Utilities Required by 2030 to Supply 12% RNG
California utilities will be required to supply an increasing percentage of renewable natural gas (RNG), aka biomethane, to their customers following a decision last Thursday by state regulators. The California Public Utilities Commission (CPUC) set biomethane targets for utilities in an effort to reach the state’s goal of a 40% reduction in methane and other…
February 28, 2022
Diamondback to Hold Permian Oil Output Flat as Prices Strengthen
Diamondback Energy Inc. is aiming to keep oil production flat in the Permian Basin this year, part of a larger trend among Lower 48 exploration and production (E&P) firms to ensure healthy shareholder returns amid a bullish price cycle. “We are at the beginning of an incredible period of value creation for the industry, and…
February 25, 2022
Spain’s Repsol Upping Capex to Pre-Pandemic Levels, with Latin America E&P Focus
Spanish integrated energy company Repsol SA expects to increase capital expenditures (capex) to pre-pandemic levels of 3.8 billion euros ($4.3 billion) in 2022, according to CEO Josu Jon Imaz. The Madrid-based firm has an exploration and production (E&P) presence in 15 countries, including an extensive portfolio throughout the Americas. The forecast increase in capex is…
February 23, 2022
Marathon Oil Keeping Production Flat, Focusing Efforts on Bakken, Eagle Ford in 2022
Even if oil prices continue to improve in 2022, Marathon Oil Corp. is planning to keep production growth flat in order to ensure market-beating returns for investors, executives said. During a conference call to discuss fourth quarter and full-year 2021 results, CFO Dane Whitehead said the Houston-based independent has a mandate to return at least…
February 23, 2022
Continental Execs Tout Multi-Basin Approach, Production Restraint Amid High Oil and Gas Prices
Continental Resources Inc.’s recent expansions into the Powder River and Permian basins have given it the inventory and optionality needed to capitalize on strong oil and natural gas prices, management said. In a conference call to discuss fourth quarter and full-year 2021 earnings, CEO Bill Berry said that “as an unhedged oil producer, we were…
February 18, 2022
Even at $150 Oil, Pioneer Natural to Maintain 0-5% Production Growth, CEO Says
Pioneer Natural Resources Co. will limit its net annual oil production growth to 0-5% even if the oil price hits $150, a possibility that CEO Scott Sheffield is not ruling out. “I’m getting more and more confident about the long-term oil strip being much higher than we had expected,” Sheffield told analysts on Thursday during…
February 18, 2022
Bakken Oil Producers Seen Scaling Back Growth On Natural Gas Capture Concerns
Bakken Shale oil producers will likely limit annual production growth to 1-2% over the next 10 years, driven largely by concerns about natural gas capture, according to North Dakota’s top oil and gas regulator. Department of Mineral Resources director Lynn Helms discussed the outlook, along with the state’s latest production and drilling statistics, with reporters…
February 17, 2022