MARKET WATCH: NYMEX, Brent oil prices plunge more than $2/bbl

The light, sweet crude oil contract for February delivery fell more than $2/bbl on the New York market Jan. 9 as did the Brent crude oil contract price for March delivery on the London market. It was the largest daily loss for the US and Brent benchmarks in about 3 weeks. Source: News


Douglass joins Baker Botts’ London office as partner

James Douglass, who specializes in the development and financing of energy and infrastructure projects, has joined Baker Botts LLP’s London office as a partner. Source: News


Barclays: Global E&P spending expected up 7% in 2017

Following an unprecedented 2 years of double-digit declines, global exploration and production spending is expected to increase 7% in 2017, according to Barclays’ latest E&P spending survey. Source: News


Troops deployed to safeguard Papua New Guinea LNG project

The government of Papua New Guinea has deployed about 300 armed troops into Hela province in the Southern Highlands to contain and stop gun violence near the ExxonMobil Corp.-led PNG-LNG project. Source: News