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
PJM Forecasting Adequate Summer Power Supply as Other U.S. Grids More Stressed
PJM Interconnection, the largest U.S. power grid operator, is forecasting adequate supply to meet the electricity needs of its 65 million customers this summer. PJM, which serves 13 states and the District of Columbia, expects peak demand of about 149,000 MW this summer, but it has performed reliability studies at loads in excess of 155,000…
May 20, 2021
Marathon Oil Sticking to 2021 Capex Even if Oil Prices Rise
Houston-based Marathon Oil Corp. will stick to its $1 billion capital expenditures (capex) budget in 2021 even if oil prices keep rising, according to management. Assuming a $60/bbl West Texas Intermediate (WTI) oil price, the independent expects to generate $1.6 billion of free cash flow (FCF) this year, CEO Lee Tillman said during a call…
May 19, 2021
Mexico’s Pemex Claims Majority Interest in Zama Offshore Oil Deposit in SEC Filing
Mexican national oil company Petróleos Mexicanos (Pemex) is claiming a majority interest in the Zama oil deposit discovered by a private sector consortium at offshore Block 7 in 2017. The assertion by Pemex, made in its 20-F annual report filed to the U.S. Securities and Exchange Commission on Monday, appears to contradict a previous assessment…
May 19, 2021
No More Oil, Natural Gas Fields Needed on Road to Net Zero, IEA says
No more investments in new oil and gas fields should be sanctioned if the world is to have a shot at achieving net zero greenhouse gas (GHG) emissions by 2050, the International Energy Agency (IEA) said Tuesday. The world’s oil and gas needs in a net zero world can be met by projects greenlit as…
May 18, 2021
TC Energy Exec Sees Yucatan Demand, Pacific LNG Exports Driving Mexico Natural Gas Growth
TC Energy Corp. sees Yucatán Peninsula demand and liquefied natural gas (LNG) exports as possible catalysts for expanding its natural gas network in Mexico, said TC’s Stan Chapman, president of U.S. and Mexico natural gas pipelines. During TC’s May 7 conference call to discuss first quarter earnings, Chapman said the firm’s primary focus in Mexico…
May 12, 2021
EOG Says No Oil Production Growth Until Market Demands It
Market fundamentals, not commodity prices, will determine whether EOG Resources Inc. decides to increase oil production over the coming months, executives said during the recent first quarter conference call. The Houston-based independent plans to maintain production at around 440,000 b/d until demand has recovered to above pre-Covid levels and U.S. crude inventories are below the…
May 11, 2021
Mexico Escalating ‘Discriminatory’ Actions Against U.S. Energy Companies, says API
The American Petroleum Institute (API) on Friday told the Biden administration that unfair treatment of U.S. energy companies by Mexico’s government is worsening and is likely in violation of the U.S.-Mexico-Canada-Agreement (USMCA). In a letter to cabinet officials, API CEO Mike Sommers alleged an intensifying pattern of nationalist regulatory and legislative reforms under Mexico’s firebrand…
May 10, 2021
Goodrich Ramping Haynesville Natural Gas Production on High Prices, Productive Wells
Goodrich Petroleum Corp. plans to ramp up natural gas production in the resurgent Haynesville Shale this year, citing strong commodity pricing and high productivity from recently completed wells in northwestern Louisiana. “The core of the Haynesville continues to offer low development and lifting costs, top-tier cash margins and returns on invested capital, as well as…
May 7, 2021
ECA LNG Export Project Remains Top Priority for IEnova
Infraestructura Energética Nova (IEnova) reported growth in volumes and revenue from its natural gas business in Mexico during the first quarter and expects the trend to continue, management said during an earnings call last week. CEO Tania Ortiz Mena told analysts that the Energía Costa Azul (ECA) liquefied natural gas (LNG) export project in Baja…
May 7, 2021
Continental Pivoting to Oil-Weighted Bakken, SCOOP as Market Rebalances
Continental Resources Inc. plans to pivot from natural gas to oil-directed drilling in the latter half of 2021 in response to strengthening crude prices and a tighter supply-demand balance. Drilling in 2021 is to be mainly focused on the South Central Oklahoma Oil Province (SCOOP) and the mighty Bakken Shale of North Dakota, management said…
May 5, 2021