In 2016, major trends are continuing to reshape the world’s oil and gas outlook and the sector is going though one of its most transformative periods in its history; oil prices have stayed rock bottom and renewable energy projects are gathering pace in emerging markets. Navigating change on this scale requires smart strategic judgement by oil and gas companies and their in-house counsel. In the short term, they must tackle cost and investment concerns and respond to market volatility, whilst adequately preparing themselves to respond to new future opportunities.
During the packed programme, leading partners from Baker Botts’ Energy practice were joined by 38 industry professionals to examine a range of topical issues facing the oil and gas industry. Participants were able to discuss the characteristics of the international LNG industry and value chain, learn about different hydrocarbon granting instruments and joint venture concepts, explore the legal issues involved in the acquisition of oil and gas assets and gain first-hand insight into international arbitration in the energy sector. Attendees comprised in-house lawyers from various oil & gas companies including BP, Cheniere, ENI, Exxon Mobil and Gazprom Marketing & Trading.
“Baker Botts has a strong commitment to the professional development and advancement of our clients’ in-house legal teams. Although the downturn in oil prices continues to impact the industry, it’s important that we continue to work with our clients to share knowledge and explore the exciting possibilities that the industry holds, such as the continuing developments in the LNG-to-power sector within emerging markets in Africa and South America. We hope that by listening to what our speakers had to say, and contributing to the group discussion, everyone went away with a deeper understanding of oil & gas industry fundamentals and an appetite to continue to learn more about this exciting industry we work in,” said Mark Rowley, Partner-in-Charge of Baker Botts in London.
“The Oil and Gas Lawyer School is a new development for the firm, designed to promote a deeper understanding of legal and commercial issues in energy transactions and projects and to explore innovative solutions with in-house energy practitioners,” added Hamish McArdle, a London based Oil & Gas partner with Baker Botts. “Building on this initiative, we plan to develop the programme internationally for business leaders, the legal profession and the members of the energy community.”
Baker Botts is nominated as Legal Services Provider of the Year in the Petroleum Economist Awards 2016.
The Baker Botts presenting team comprised Mark Rowley (Partner-in-Charge, London), Hamish McArdle (Partner, London), Paul Exley (Partner, London), Stuart Jordan (Partner, London) and Johannes Koepp (Partner, London).
ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 13 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy and technology sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.