Mexico: Judge Orders Freeze of New Oil and Gas Law

Published

For Illustration; Pemex's platforms offshore Mexico - Image by BoH/Wikimedia Commons - CC BY-SA 3.0
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)

Current News

UTEC Deploys Hybrid Acoustic-Inertial Positioning System for Offshore Construction

UTEC Deploys Hybrid Acoustic-I

Singapore Seeks LNG Floating Storage Operators to Expand Bunkering Ops

Singapore Seeks LNG Floating S

Vår Energi Taps SLB for Drilling Services on Two Rigs off Norway

Vår Energi Taps SLB for Drilli

Petrobras Eyes Stake in BP's Giant Bumerangue Oil Discovery

Petrobras Eyes Stake in BP's G

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine