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
In Positive for Mexico’s Pemex, U.S. Oil Prices Stiffening on Supply Cuts, Demand Uptick
West Texas Intermediate (WTI) crude oil futures have strengthened this week as production cuts take effect and economies begin to partially reopen, a positive sign for Mexican national oil company Petróleos Mexicanos (Pemex), whose export basket price is linked to the U.S. benchmark.
May 19, 2020
Dallas Fed Sees Q2 Oil, Natural Gas Capex Falling 35% on Weak WTI Price, Storage Constraints
Investment by U.S. oil and gas producers is likely to drop by at least 35% in the second quarter versus the first quarter of this year due to the crushing impact of Covid-19 on crude prices and a lack of available storage capacity, the Federal Reserve Bank of Dallas said Friday.
May 15, 2020
U.S. Oil Output Set for Consecutive Declines, but Demand Recovery Likely to Begin This Year
The Energy Information Administration (EIA) said Thursday it expects U.S. crude oil production to decline in both 2020 and 2021, driven by the Lower 48 onshore segment, in response to price and demand destruction caused by Covid-19.
May 15, 2020
Oil Not Alone As Natural Gas Demand Set For Largest Decline On Record in 2020, IEA Says
Global natural gas demand is on track to drop by a record 5% in 2020 due to the economic impacts of Covid-19, the International Energy Agency (IEA) said Wednesday.
May 14, 2020
NGI The Weekly Gas Market Report
Coronavirus Seen Driving Record 5% Plunge in 2020 Natural Gas Demand
Global natural gas demand is on track to drop by a record 5% in 2020 due to the economic impacts of Covid-19, the International Energy Agency (IEA) said Wednesday.
May 13, 2020
Public Power Utilities Seeking Direct Federal Aid to Keep Lights on Amid Pandemic
Non-profit public power utilities, which supply electricity to 49 million people and 2.6 million businesses in the United States, are seeking direct aid from the federal government to mitigate the financial impacts of the Covid-19 pandemic.
May 12, 2020
NGI The Weekly Gas Market Report
Despite Staggering Losses, Mexico’s Pemex Says Farm-outs Still Not on Table
Despite acknowledging the existential threats posed to its business by an immense debt load, staggering losses and a collapse in oil demand from Covid-19, Mexico’s state oil company Petróleos Mexicanos (Pemex) does not plan to farm out stakes in its exploration and production (E&P) acreage anytime soon, according to the firm’s 20-F annual report.
May 12, 2020
NGI The Weekly Gas Market Report
Global Oil Supply Cuts Now Seen Reaching 17 Million b/d in 2Q
A clearer picture is emerging of the Covid-19 pandemic’s impact on global crude oil supply and demand, and thus associated natural gas, as more data becomes available and operators divulge more specific plans about curtailment.
May 8, 2020
Black Stone, Aetheon in Haynesville Tie-Up, Drilling Slated for 3Q2020
Black Stone Minerals LP is restarting development in East Texas of its Shelby Trough Haynesville/Bossier Shale acreage in Angelina County in an agreement with affiliates of Aethon Energy.
May 8, 2020
Reeling from Oil Demand Collapse, North Dakota Forms Bakken Tasks Force to Help Industry
North Dakota’s Department of Mineral Resources (DMR) has established the Bakken Restart Task force to help the state’s oil and gas industry and supporting sectors recover from the collapse in oil demand and prices caused by the Covid-19 pandemic.
May 7, 2020