Christopher joined NGI as a Senior Editor for Mexico and Latin America in November, 2018. Prior to that, he was a Senior Editorial Manager at BNamericas in Santiago, Chile. Based out of Santiago, he has covered Latin American energy markets since 2009 as a reporter, editor and analyst. He has an MA in International Economic Policy from Columbia University and a BA in International Studies from Trinity College.
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Articles from Christopher Lenton
Buyers Enjoying Cheaper Natural Gas Imports, Except Through California – Mexico Spotlight
Freeport LNG came back online this week, but natural gas prices remained firmly below $3.00/MMBtu. On Thursday, the March New York Mercantile Exchange gas futures contract settled at $2.389, down 8.2 cents day/day. April shed 7.0 cents to $2.485. Attractive pricing hasn’t led to a bump in gas imports from Mexico buyers. U.S. pipeline imports…
February 16, 2023
Robust Industry Conditions Said Improving Finances at Oil, Gas Firms
Oil and gas companies had a record year in 2022 and continued to improve their positions in the eyes of investors. In a new report, credit ratings analysts at Moody’s Investors Services said upgrades in the oil and gas industry far outpaced downgrades in 2022, mainly because of considerable debt reduction policies at companies across…
February 16, 2023
Magnolia Looking at ‘Moderate’ Growth in Eagle Ford, Austin Chalk Assets
Magnolia Oil and Gas Corp. plans to continue operating a two-rig program in South Texas this year and is aiming to boost production by around 10%, executives said in an earnings call. Executives said oilfield service prices were coming down, but there was a lag in the process. CFO Brian Corales said, “frankly, given where…
February 16, 2023
Mexico Plans Natural Gas Pipeline Connecting Sonora and Baja California to Meet Rising Demand
Another major natural gas pipeline is slated for Mexico, this one for the Northwestern part of the country and the states of Sonora and Baja California. On Monday, Mexican utility Comisión Federal de Electricidad (CFE) signed a memorandum of understanding (MOU) with Carso Energy and Sempra Infrastructure. Carso Energy is a subsidiary of Grupo Carso,…
February 14, 2023
Natural Gas, Oil E&Ps Improve Credit Ratings Amid High Prices, Capital Discipline
Oil and gas companies had a record year in 2022 and continued to improve their positions in the eyes of investors. In a new report, credit ratings analysts at Moody’s Investors Services said upgrades in the oil and gas industry far outpaced downgrades in 2022, mainly because of considerable debt reduction policies at companies across…
February 14, 2023
Brazil, Guyana Shine in ‘Standout Year’ for Natural Gas, Oil Exploration
The global natural gas and oil exploration sector had its strongest year in 2022 in a decade as national oil companies and majors focused on taking advantage of what might be a short-term window of opportunity. The sector created some $33 billion of value at $60/bbl Brent prices last year, according to a report from…
February 9, 2023
North American Natural Gas Prices Continue Slump, with Further Volatility Seen – Mexico Spotlight
North American natural gas trading has been hijacked by bears, with prices moving lower this week on the back of a healthy supply and storage outlook. The New York Mercantile Exchange (Nymex) futures contract for March is hovering around $2.500/MMBtu, its lowest point in almost two years. Last Friday (Jan. 27), the February Nymex natural…
February 2, 2023
Texas Natural Gas Production Hitting Records as Mexico Ups Supply Needs
Mexico’s demand for Texan natural gas is set to rise as new infrastructure projects come to fruition. Along with plans in Mexico to build up to 5 Bcf/d of liquefied natural gas export capacity, state utility Comisión Federal de Electricidad (CFE) also is developing over 7 GW of natural gas-fired power generation by 2025. These…
February 1, 2023
Global Natural Gas, Oil Exploration Soaring, with Focus on High-Value Assets
The global natural gas and oil exploration sector had its strongest year in 2022 in a decade as national oil companies and majors focused on taking advantage of what might be a short-term window of opportunity. The sector created some $33 billion of value at $60/bbl Brent prices last year, according to a report from…
February 1, 2023
Texas Broke Natural Gas Production Record in 2022, with Further Growth Expected
Texas produced 11.2 Tcf of natural gas last year, a new record, according to the Texas Independent Producers and Royalty Owners Association (TIPRO). Natural gas production in Texas dwarfed other states. Pennsylvania at 7.6 Tcf was the second highest producer in 2022, followed by Alaska (3.6 Tcf), Louisiana (3.6 Tcf) and Oklahoma (2.7 Tcf). In…
January 30, 2023