Mexico: Judge Orders Freeze of New Oil and Gas Law

Adriana Barrera
Tuesday, May 11, 2021

A Mexican judge has ordered a partial provisional suspension of new hydrocarbons legislation championed by President Andres Manuel Lopez Obrador that gave the state authority to revoke permits, a court document seen by Reuters showed on Monday.

The decision suspended certain parts of the law that strengthens state oil company Petroleos Mexicanos (Pemex), which Congress approved last month, the document showed.

The judge's ruling paused provisions in the legislation that would allow authorities to cancel permits or occupy installations of permit holders, the court document said.

It also prevents authorities from revoking permits that fail to comply with minimum storage requirements set by the government when the law was enacted last week, a provision which analysts said only Pemex was well placed to satisfy. 

(Reporting by Adriana Barrera; Editing by Aurora Ellis)

Categories: Energy Industry News Activity North America Gulf of Mexico Regulations

Related Stories

Equinor Reaches Financial Close for Empire Wind 1 Offshore Wind Project

Vantage Drilling Names New COO

Seatrium Gets EPC Contract for BP’s Kaskida Floating Production Unit

Current News

Abu Dhabi's NMDC Group Gets $1.1B Subsea Gas Pipeline Job in Taiwan

BP Targets 44% Oil, 89% Gas Increase from India’s Mumbai High Field

Kongsberg Discovery Acquires Naxys Technologies

Shell Comes Up Dry Offshore Namibia

Subscribe for OE Digital E‑News