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
Iberdrola’s Avangrid Offers $8.3B Cash for New Mexico Utility PNM Resources
The board of Iberdrola subsidiary Avangrid Inc. has approved the acquisition of New Mexico-based PNM Resources in an all-cash transaction valued at $8.3 billion. The merger would create “one of the largest companies in the U.S. utility industry with 10 regulated electricity companies in six states (New York, Connecticut, Maine, Massachusetts, New Mexico and Texas)…
October 22, 2020
LNG Imports in Latin America Fall as Pandemic Takes Toll
Imports of liquefied natural gas (LNG) to Latin America fell by 4.2 million tons (Mt), or 32%, during January-September versus the same period in 2019 as the coronavirus ravaged the region’s economies, according to new analysis by data intelligence firm Kpler. Latin America has seen a particularly sharp decline this year compared to other LNG-importing…
October 22, 2020
Natural Gas Preferred to Other Fossil Fuels, Says Survey, but Still Partisan Split
Natural gas is viewed more favorably than other fossil fuels around the world, although sentiment is largely divided along ideological lines, according to a recent Pew Research Center survey. The survey was conducted between October 2019 and March in 20 countries including the United States, Canada, Brazil and Russia, along with several countries across Europe…
October 22, 2020
Pemex Remains Outlier as Fellow Latin American NOCs Embrace Divestment, Liberalization
As Latin America’s national oil companies (NOCs) pivot toward partnerships with the private sector and divestment of non-core assets, Mexico’s Petróleos Mexicanos (Pemex) remains an outlier even in the wake of Covid-19, a panel of experts agreed earlier this month. Even before the pandemic, the region’s oil-exporting countries were struggling to navigate a “lower-for-longer” oil…
October 21, 2020
Latin America Sees Sharpest Decline in LNG Imports Amid Pandemic, Data Show
Imports of liquefied natural gas (LNG) to Latin America fell by 4.2 million tons (Mt), or 32%, during January-September versus the same period in 2019 as the coronavirus ravaged the region’s economies, according to new analysis by data intelligence firm Kpler. Latin America has seen a particularly sharp decline this year compared to other LNG-importing…
October 19, 2020
Oklahoma Pure-Play Chaparral Exits Bankruptcy as Private E&P
Oklahoma City-based independent Chaparral Energy Inc. has emerged from bankruptcy for a second time, this time as a privately held company. The Anadarko Basin-focused exploration and production (E&P) firm said it has equitized all $300 million of its unsecured senior notes due 2023, reduced its annual interest expense by more than $25 million and “significantly…
October 16, 2020
Biden Says U.S. Fossil Fuel Production to Continue, While Energy Issues Not Touched in Trump Forum
Democratic presidential nominee Joseph R. Biden Jr. reaffirmed Thursday that he will not ban hydraulic fracturing (fracking) if elected and said his ambitious climate change goals do not mean ending fossil fuel production, while energy and climate issues were not raised in President Trump’s separate town hall. Thursday initially was scheduled to be a combined…
October 16, 2020
Proposed LNG Export Project in Mexico Said Not Yet Viable
A proposed liquefied natural gas (LNG) export project touted by Mexico’s government is not logistically or economically feasible under current conditions, according to Gadex consultancy co-founder Eduardo Prud’homme. The government this month unveiled a long-awaited infrastructure plan with five projects listed under the energy category, including a 25.2 billion-peso ($1.18 billion) gas export terminal in…
October 15, 2020
Salina Cruz LNG Export Project Said Unfeasible Under Current Conditions
A proposed liquefied natural gas (LNG) export project touted by Mexico’s government is not logistically or economically feasible under current conditions, according to Gadex consultancy co-founder Eduardo Prud’homme. The government this month unveiled a long-awaited infrastructure plan with five projects listed under the energy category, including a 25.2 billion-peso ($1.18 billion) gas export terminal in…
October 14, 2020
U.S. E&P Borrowing Base Seen Shrinking Amid Commodity Price Uncertainty
Available reserve-based lending (RBL) capital for exploration and production (E&P) companies is likely to shrink by 10-20% in the fall redetermination season, according to the latest biannual survey conducted by Haynes and Boone LLP. The law firm conducts surveys ahead of the spring and fall redetermination seasons for RBL, a common type of financing for…
October 14, 2020