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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 Airport Cancellation Seen as ‘Canary in the Coal Mine’ for Energy Sector

The scrapping of a $13 billion airport by Mexico’s next president through a hastily organized referendum in which less than 1% of the population voted is sending shivers through the spines of stakeholders in the country’s recently liberalized energy sector, with one expert calling it the “canary in the coal mine.”

October 30, 2018
Steelmaker ArcelorMittal Secures $1 Billion Mexico Gas Supply Contract

Steelmaker ArcelorMittal Secures $1 Billion Mexico Gas Supply Contract

The world’s largest steelmaker, ArcelorMittal S.A., has signed a new five-year, $1 billion natural gas supply contract with CFEnergía, the fuel marketing arm of Mexican state power utility Comisión Federal de Electricidad (CFE).

October 29, 2018
Proposal to Move Mexico’s CRE, CNH Into Sener Could Spook Energy Investors

Proposal to Move Mexico’s CRE, CNH Into Sener Could Spook Energy Investors

Proposed legislation to move Mexico’s energy regulatory commission (CRE) and national hydrocarbons commission (CNH) into energy ministry Sener “directly contradicts” the constitution and “would go against every best practice in the book,” according to a Sener official.

October 29, 2018
IEnova Cites ‘Substantial Advances’ on Mexico LNG Export Project

IEnova Cites ‘Substantial Advances’ on Mexico LNG Export Project

Chances for Sempra Energy’s management team for Mexico unit Infraestructura Energetica, better know as IEnova, to move forward on a long talked about liquefied natural gas (LNG) export project in the country are “much higher” than they were three months ago, Chairman Carlos Ruíz Sacristán told analysts during a third quarter earnings call on Thursday.

October 25, 2018
Mexico Energy Bill to Fold CRE, CNH Into Sener Called ‘Major Surgery,’ Could Spook Investors

Mexico Energy Bill to Fold CRE, CNH Into Sener Called ‘Major Surgery,’ Could Spook Investors

Proposed legislation to move Mexico’s energy regulatory commission (CRE) and national hydrocarbons commission (CNH) into energy ministry Sener “directly contradicts” the constitution and “would go against every best practice in the book,” according to a Sener official.

October 24, 2018
Pemex Gets Dinged by Rating Agencies Ahead of López Obrador Taking Office

Pemex Gets Dinged by Rating Agencies Ahead of López Obrador Taking Office

Fitch Ratings has revised its outlook for the international issuer default ratings (IDR) of Mexico’s national oil company Petróleos Mexicanos (Pemex) to negative from stable, because of concerns about its direction once the new administration takes office Dec. 1.

October 24, 2018
Mexico E&P Auctions to be Suspended Until Current Projects Start Producing, President-Elect Says

Mexico E&P Auctions to be Suspended Until Current Projects Start Producing, President-Elect Says

Mexican President-Elect Andrés Manuel López Obrador (AMLO) said last Wednesday he will suspend oil and gas bid rounds until the 107 contracts awarded through rounds under the current government begin producing.

October 23, 2018
Mexico Crude Production Goal by Incoming President Seen as Lofty

Mexico Crude Production Goal by Incoming President Seen as Lofty

Mexican President-Elect Andrés Manuel López Obrador’s goal to increase domestic crude oil output to 2.4 million b/d in 2024 from the current average of 1.8 million b/d will be a tall order even under the most favorable circumstances, according to new analysis by the Pulso Energético think tank.

October 22, 2018
Fitch, Moody’s Sound Alarm on Pemex Ahead of AMLO Taking Office

Fitch, Moody’s Sound Alarm on Pemex Ahead of AMLO Taking Office

Fitch Ratings has revised its outlook for the international issuer default ratings (IDR) of Mexico’s national oil company Petróleos Mexicanos (Pemex) to negative from stable, because of concerns about its direction once the new administration takes office Dec. 1.

October 22, 2018
Pemex Bond Placement Aimed at Boosting Balance Sheet

Pemex Bond Placement Aimed at Boosting Balance Sheet

Mexican national oil company Petróleos Mexicanos (Pemex) said last Tuesday it successfully placed a 10-year, $2 billion, international bond that will be used to fulfill investment plans and refinance debt.

October 22, 2018