Monday, December 23, 2013

US-Mexico Transboundary Hydrocarbons Agreement enacted as part of the budget act

The US-Mexico Transboundary Hydrocarbons Agreement, which establishes a framework for US offshore oil and gas companies and Mexico?s Petroleos Mexicanos (PEMEX) jointly to develop transboundary reservoirs (earlier post), was enacted today as part of the Bipartisan Budget Act (H.J.Res.59) which President Obama signed into law.The Transboundary Agreement removes uncertainties regarding development of transboundary resources in the resource-rich Gul ...



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