NY court blocks Singapore creditors from seizing Oro Negro oil rigs
An oil rig off the Gulf of Mexico (Credit: istock.com/kodda)
Mexican oil-driller Oro Negro has obtained a temporary restraining order from a New York bankruptcy court to prevent a group of Singaporean creditors who own its rigs from seizing them pursuant to a Mexican criminal court ruling, after a messy confrontation in the Gulf of Mexico last weekend.
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