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
Repsol, Partners Confirm ‘Play Opening’ Deepwater Oil Discovery Offshore Mexico
A consortium led by Spain’s Repsol SA on Monday announced two deepwater oil discoveries at Mexico’s offshore Block 29 in the Salina Basin.
May 5, 2020
TC Energy 1Q Natural Gas Flows Strong Despite Coronavirus; Keystone XL Still On Track for 2023 In-Service
Natural gas flows on TC Energy Corp.’s North American pipelines were largely unaffected by the Covid-19 pandemic during the first quarter, management said Friday.
May 4, 2020
NGI The Weekly Gas Market Report
Oneok Sees Low Risk of Further Bankruptcies by Large Williston Players Despite Turmoil
Despite low oil prices and a massively oversupplied market, Tulsa-based midstreamer Oneok Inc. does not expect additional bankruptcies over the near-term from its large exploration and production (E&P) customers in the Williston Basin, management said Wednesday.
May 1, 2020
ConocoPhillips Increasing North America Oil Shut-ins; CEO Says E&P ‘Growth Model is Broken’
Having already announced gross voluntary oil production cuts of 225,000 b/d for May because of weak prices, ConocoPhillips has now updated that amount to 265,000 b/d, management said Thursday.
May 1, 2020
Bakken, Permian Seen Driving 300,000 b/d of Lower 48 Oil Supply Cuts Through June
The Williston and Permian basins are expected to drive at least 300,000 b/d of shut-in oil supply from Lower 48 operators during May and June, up from about 100,000 b/d of cuts projected for April, according to new analysis by Rystad Energy.
April 29, 2020
Range Resources Maintaining NGL Differential Guidance, Says Marcus Hook Exports Fetching Premium to Mont Belvieu
Range Resources Corp. said Monday it has continued to see positive price premiums this year on natural gas liquids (NGL) exported from the Marcus Hook export terminal in Pennsylvania compared to the Mont Belvieu hub in Texas.
April 28, 2020
Mexico’s Pemex Touts Capex Cut, Fiscal Relief Ahead of Earnings Results
Mexico’s troubled state oil company Petróleos Mexicanos (Pemex) on Monday sought to assuage concerns about its finances ahead of a first quarter earnings call slated for Thursday, citing recently approved fiscal relief measures and a reduced 2020 capital expenditure (capex) budget.
April 28, 2020
‘An Act of God,’ Oklahoma Governor Says, in Asking Trump to Help Struggling Oil Producers Amid Pandemic
Oklahoma Gov. Kevin Stitt on Friday asked President Trump to declare the Covid-19 pandemic a force majeure event so that oil producers can curtail output without fear of having their leases cancelled.
April 27, 2020
Moody’s Sees Public Power Utilities Staying Resilient Through Pandemic, Demand Impacts Varying Widely by State
Moody’s Investors Service said this week it is maintaining a stable outlook for the U.S. public power sector through the Covid-19pandemicand resulting economic downturn.
April 24, 2020
State Regulators Taking Action as E&Ps Fight to Survive Amid Oil Demand Collapse
Oil and gas regulators in some of the biggest producing states are seeking to ease the pain of a historic collapse in oil demand as operators struggle to stay afloat amid plummeting prices and disappearing storage capacity.
April 24, 2020