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A district judge has temporarily suspended with general effects the amendment to the Hydrocarbons Law eliminating PEMEX’s asymmetric regulation.  Please see Legal Update at link below for all details.

https://www.mayerbrown.com/en/perspectives-events/publications/2021/06/mexico-district-judge-suspends-amendment-of-hydrocarbons-law-that-repealed-pemexs-asymmetric-regulation?utm_source=vuture&utm_medium=email&utm_campaign={vx:campaign%20name}

 

In the wake of the May 2021 ransomware attack on a major US oil pipeline, the Department of Homeland Security’s Transportation Security Administration (TSA) has released a security directive (the “TSA Directive”) to better “identify, protect against, and respond to threats to critical companies in the pipeline sector.” The TSA Directive was released on May

Please join lawyers, Greg Matlock, Phil Lau and Norman Nadorff from Mayer Brown’s Oil & Gas group for a special webinar hosted by the Brazil-Texas Chamber of Commerce on carbon capture use and sequestration.  This comprehensive, interactive event will discuss the CCUS market, how to qualify for the Section 45Q tax credit, how to finance

The amendment to the Hydrocarbons Law regarding asymmetric regulation has been published in the Federal Official Gazette, becoming effective as of May 20, 2021.  Additional details at the link below.

https://www.mayerbrown.com/en/perspectives-events/publications/2021/05/mexico-amendment-to-hydrocarbons-law-regarding-asymmetric-regulation-is-published?utm_source=vuture&utm_medium=email&utm_campaign={vx:campaign%20name}

Two district judges have temporarily suspended certain provisions of the amendment to the Hydrocarbons Law.  Please see full story at link below.

https://www.mayerbrown.com/en/perspectives-events/publications/2021/05/mexico-amendment-to-hydrocarbons-law-is-partially-suspended?utm_source=vuture&utm_medium=email&utm_campaign={vx:campaign%20name}

On May 4, 2021, the first amendment to Mexico’s Hydrocarbons Law was published in the Federal Official Gazette, with the legislative process having concluded on April 22, 2021, after a heated debate during a plenary session of the Senate (the “Amendment”).

The Amendment modifies core aspects of the permits necessary to perform midstream

Another amendment to the Hydrocarbons Law has been approved, ending the power of the Energy Regulatory Commission to enforce asymmetric regulation in the hydrocarbon, petroleum products and petrochemical markets.  The Legal Update at the link below explains the scope and implications of such proposed amendment.

https://www.mayerbrown.com/en/perspectives-events/publications/2021/04/mexico-another-amendment-to-hydrocarbons-law-would-eliminate-asymmetric-regulation-for-pemex?utm_source=vuture&utm_medium=email&utm_campaign={vx:campaign%20name}

Over the past number of weeks, a variety of legislative proposals, from both sides of the aisle, have been released that, if enacted, could drastically impact the US energy industry and, in many cases, the taxation of energy in the United States. These proposals come on the heels of the Biden administration’s American Jobs Plan

Following the Mexican government’s latest initiative to amend the Hydrocarbons Law, concerns about Mexico following in Venezuela’s footsteps to undo the energy reform are growing. It is important to keep in mind certain key differences between Venezuela and Mexico and how each country opened its oil and gas industry to private investment. This will help

The House of Representatives approved the draft of an initiative to reform the Hydrocarbons Law with minor modifications notwithstanding the antitrust watchdog (COFECE) opinion. The Senate’s approval is next.

For more details on the approval and the next steps, see our legal update.