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
Mexico Power Sector Rules Now Halted on Environmental, Competition Grounds
Federal judges in Mexico have now suspended the implementation of controversial new legislation in the power sector on both economic and environmental grounds. Greenpeace Mexico on Tuesday announced it had successfully lobbied for a judicial order suspending, on a provisional basis, implementation of the new rules that were passed by Mexico’s Senate on March 3.…
March 24, 2021
Oasis Divesting Midstream Stakes Under Simplification Agreement, Buying Back $100M Shares
Oasis Petroleum Inc. and Oasis Midstream Partners LP (OMP) on Monday announced a simplification agreement through which OMP is acquiring the producer’s remaining interests in two development companies or “DevCos” that own midstream infrastructure assets in the Bakken Shale and Permian Basin. The agreement follows Oasis’ restructuring and emergence from bankruptcy last November. OMP is…
March 23, 2021
Oil Demand Outlook Said Strong, but Spare Capacity Keeping Prices in Check
Global demand for oil and natural gas is likely to continue growing for the foreseeable future, although talk of an impending oil price “supercycle” has proved premature for now, a panel of experts agreed Friday. For the next five years, “We have a very constructive view on oil demand,” said ConocoPhillips chief economist Helen Currie…
March 22, 2021
Texas, Montana AGs Leading Charge to Reinstate Keystone XL Permit
Texas and Montana are leading a multistate lawsuit against the Biden administration for revoking the Keystone XL (KXL) crude oil pipeline’s 2019 presidential permit, arguing the administration lacks unilateral authority to overturn energy policy set by Congress. Upon taking office Jan. 20, President Biden issued an executive order (EO) rescinding the approval granted by President…
March 18, 2021
No Deal Yet as Braskem Idesa, Pemex In Talks to Modify Ethane Supply Contract
The terms of a new ethane supply agreement between Mexican national oil company Petróleos Mexicanos (Pemex) and petrochemical firm Braskem Idesa remain under discussion, despite indications from the government that a new agreement had been finalized, according to management of Braskem Idesa parent Braskem SA. The current 20-year, take-or-pay/supply-or-pay contract for Pemex to supply 66,000…
March 17, 2021
Texas Retail Power Provider Griddy Seeking Chapter 11, Says ERCOT Caused ‘Financial Devastation’
Houston-based retail electricity provider (REP) Griddy Energy LLC has filed for Chapter 11 protection in the wake of February’s Winter Storm Uri, which caused power outages along with skyrocketing electricity and natural gas prices. A proposed reorganization would provide relief to Griddy customers unable to pay their electric bills as a result of scarcity pricing…
March 17, 2021
Oil, Natural Gas Companies Urged to Leverage Infrastructure, Expertise to Advance Biden Climate Agenda
Oil and natural gas companies can play a vital role in achieving President Biden’s ambitious climate change goals if they choose to embrace it. In remarks delivered at CERAweek by IHS Markit, which was held in early March, Department of Energy (DOE) Secretary Jennifer Granholm and Special Presidential Envoy for Climate John Kerry said fossil…
March 16, 2021
Talos, Pemex ‘Picking Up the Pace’ on Zama Unitization Talks As March 25 Deadline Looms
Unitization talks between a Talos Energy Inc.-led consortium and Mexican national oil company Petróleos Mexicanos (Pemex) to jointly develop the Zama offshore oil discovery have progressed from the technical phase to more commercial discussions, according to Talos CEO Timothy Duncan. Assuming unitization is completed “on a timely basis,” Talos expects to reach a final investment…
March 15, 2021
Mexico’s CFE Seeking Bidders to Build Six Combined-Cycle Plants
Mexico’s state-owned power utility Comisión Federal de Electricidad (CFE) is launching an international tender to build for six combined-cycle natural gas-fired power plants with a combined installed capacity of 4,322 MW. The plants, part of CFE’s 2021-2025 business plan, “will be located in strategic regions with the purpose of strengthening CFE and guaranteeing Mexico’s energy…
March 11, 2021
Mexico’s Pemex Said Falling Behind LatAm Peers on ESG, Natural Gas Development
Mexico’s Petróleos Mexicanos (Pemex) is moving in the opposite direction of fellow Latin American national oil companies (NOCs) by failing to embrace the energy transition and natural gas, according to a panel of experts. While NOCs such as Colombia’s Ecopetrol SA and Brazil’s Petróleo Brasileiro SA (Petrobras) have embraced diversification and environmental, social and governance…
March 9, 2021