Mexico: Judge Orders Freeze of New Oil and Gas Law

Adriana Barrera
Tuesday, May 11, 2021
For Illustration; Pemex's platforms offshore Mexico - Image by BoH/Wikimedia Commons - CC BY-SA 3.0

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

Venture Global to Supply LNG to Italy's Eni Under 20-Year Deal

Venture Global to Supply LNG to Italy's Eni Under 20-Year Deal

Expro Gets Woodside Job at Trion Deepwater Project off Mexico

Expro Gets Woodside Job at Trion Deepwater Project off Mexico

GE Vernova Reaches $10.5M Settlement for Vineyard Wind 1 Turbine Blade Incident

GE Vernova Reaches $10.5M Settlement for Vineyard Wind 1 Turbine Blade Incident

Current News

Serica Energy Strengthens North Sea Portfolio with Parkmead E&P Acquisition

FairWind Names Regional Chief for Northern Central Europe

Eco Wave Power Signs Up Local Contractor for California Wave Energy Pilot

OMV Petrom, NewMed Energy Hire Noble Drillship for Black Sea Ops

Subscribe for OE Digital E‑News

Offshore Engineer Magazine