Pemex Archives - Energy Analytics Institute (EAI)

Slim’s Grupo Carso inks $2bn deal with Mexico’s Pemex for Ixachi wells

MEXICO CITY, MEXICO (By Reuters, 29.Sep.2025, Words: 235) — Grupo Carso, the holding company controlled by the family of Mexican mogul Carlos Slim, said on […]

Pemex’ Olmeca takes 3rd place in mega-project category at event in Berlin

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 22.Sep.2025, Words: 262) — Mexico’s state-owned Petróleos Mexicanos (Pemex) said its Olmeca refinery, located in Paraíso, […]

Pemex reports accident at Cosoleacaque Petrochemical Complex, 5 workers impacted

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 19.Sep.2025, Words: 180) — State-owned Petróleos Mexicanos (Pemex) reported 5 workers were impacted by hot carbonate […]

Mexico includes $14 billion in 2026 budget to pay Pemex debt

MEXICO CITY, MEXICO (By Scott Squires, Bloomberg, 9.Sep.2025, Words: 505) — Mexico’s budget includes 263.5 billion pesos ($14.1 billion) for its embattled state oil company […]

Sheinbaum’s 2026 economic package addresses welfare programs, Pemex bailout

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 9.Sep.2025, Words: 791) — Mexico’s president Claudia Sheinbaum Pardo submitted Mexico’s 2026 economic package, which includes […]

Moody’s confirms Pemex’ BCA, upgrades Pemex’ CFR [pdf download]

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 8.Sep.2025, Words: 278) — Moody’s Ratings confirmed Petroleos Mexicanos‘ (Pemex) baseline credit assessment (BCA) of ca, […]

Fitch places Pemex on rating watch positive following tender offer announcement

NEW YORK, NEW YORK (By Fitch, 9.Sep.2025, Words: 1,225) — Fitch Ratings has placed Petroleos Mexicanos’ (PEMEX) ‘BB’ Long-Term Local and Foreign Currency Issuer Default […]

Sheinbaum says no former or present Pemex engaged in corruption will be protected

MEXICO CITY, MEXICO and HOUSTON, TEXAS (By Fidencio Casillas and Pietro D. Pitts, Energy Analytics Institute, 29.Aug.2025, Words: 351) — Mexico’s president Claudia Sheinbaum Pardo […]

Mexican government highlights earnings, pension payments to former Pemex workers

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 29.Aug.2025, Words: 245) — In the case of state-owned Petróleos Mexicanos (Pemex), 15 people earn more […]

Pemex responds to oil spill along Poza Rica-Salamanca pipeline in Puebla

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 24.Aug.2025, Words: 221) — Petróleos Mexicanos (Pemex) said specialized personnel of the Catalina pipeline sector activated […]

Pirates attack Pemex’ Akal-R platform, stealing breathing equipment

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 20.Aug.2025, Words: 203) — State-owned Petróleos Mexicanos (Pemex) filed a complaint with the Attorney General’s Office […]

Mexico’s regular petrol price at $4.72/gallon, according to Profeco [pdf download]

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 18.Aug.2025, Words: 263) — The average petrol price per liter in Mexico for the week of […]

SENER head Luz Elena says Plan Pemex 2025-2035 viewed positively by Moody’s [statement]

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 18.Aug.2025, Words: 1,000) — News that Moody’s Rating has placed Petróleos Mexicanos or Pemex’ ratings under […]

Pemex says there is no shortage of gasoline and that supply has been restored

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 17.Aug.2025, Words: 211) — State-owned Petróleos Mexicanos (Pemex) remains steadfast in its response that there is […]

Pemex taking actions to resolve fuel supply situation in Mexico City and surroundings

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 14.Aug.2025, Words: 215) — State-owned Petróleos Mexicanos (Pemex) is reportedly taking immediate actions to boost the […]

EAI brief: Pemex eyes work at Deer Park refinery in Houston

HOUSTON, TEXAS (By Isaac Silvestre, Energy Analytics Institute, 15.Aug.2025, Words: 193) — State-owned Petróleos Mexicanos (Pemex) is preparing to refurbish a “large block” of its […]

EAI quick takeaway: Mexico imports 7.4 Bcf/d from the US, still over reliant on US piped-gas supply

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 14.Aug.2025, Words: 211) — Mexico imported 7.4 billion cubic feet per day (Bcf/d) of piped natural […]

ASEA and Pemex to strengthen environmental protection of Mexico’s hydrocarbon sector

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 13.Aug.2025, Words: 627) — The Safety, Energy and Environment Agency (ASEA) and state-owned Petróleos Mexicanos (Pemex) […]

US DOJ charges 2 Mexican nationals with bribing Pemex officials

WASHINGTON, DC (By DOJ, 11.Aug.2025, Words: 564) — The US Department of Justice charged two Mexican nationals for bribing officials with state-owned Petróleos Mexicanos (PEMEX). […]

Mexico pivots towards fracking to lift Pemex oil and gas production

MEXICO CITY, MEXICO (By Adriana Barrera, Reuters, 7.Aug.2025, Words: 574) — Mexico is planning to increase the use of hydraulic fracturing to tap unconventional hydrocarbon deposits […]

Pemex plan disappoints suppliers awaiting billions in overdue payments

MEXICO CITY, MEXICO (By Reuters, 7.Aug.2025, Words: 439) — The head of an association representing global oilfield service firms in Mexico said on Thursday that a […]

Plan Pemex 2025-2035: higher production, lower debt [Plan Pemex pdf download]

MEXICO CITY, MEXICO AND HOUSTON, TEXAS (By Fidencio Casillas and Pietro D. Pitts, Energy Analytics Institute, 5.Aug.2025, Words: 940) — Mexico’s president Claudia Sheinbaum Pardo […]

EAI brief: Plan Pemex aims to reduce Pemex debt by $10bn by Dec. 2025; to $77.3bn by 2030

HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 5.Aug.2025, Words: 136) — The 2025-2035 strategic plan for Petróleos Mexicanos (Pemex) aims to boost crude […]

Mexico reveals plans to address Pemex debt, boost investment

MEXICO CITY, MEXICO (By Reuters, 5.Aug.2025, Words: 273) — Mexico’s government on Tuesday announced a plan aimed at moving its highly indebted state oil company […]

EAI brief: Fitch raises Pemex’ rating B+ to BB with a stable outlook

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 4.Aug.2025, Words: 188) — Last Friday, Fitch Ratings raised Petróleos Mexicanos or Pemex’ rating from B+ […]

EAI brief takeaway: Pemex’ 1.6 MMb/d production falling short, very short

HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 2.Aug.2025, Words: 240) — Claudia Sheinbaum’s vision to see state-owned Petróleos Mexicanos (Pemex) produce up to 1.8 million […]

Pemex says CASES has trained 134,338 workers in safety and survival techniques

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 1.Aug.2025, Words: 189) — State-owned Petróleos Mexicanos (Pemex), through its Training Center in Safety, Ecology and […]

Pemex reports 2Q:25 financial and operational results [pdf downloads]

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 28.Jul.2025, Words: 125) — Petróleos Mexicanos (Pemex) reported its financial and operating results for the second-quarter […]

EAI brief: Woodside says Trion project at 35% completion mark at end of 2Q:25

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 23.Jul.2025) — Australia’s Woodside Energy said the Trion project offshore Mexico was 35% complete at the […]

EAI brief: Pemex owes $700mn to Carso Group

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 23.Jul.2025, Words: 116) — State-owned Petróleos Mexicanos (Pemex) reported owes $700mn to Carlos Slim’s company Carso […]

Mexico to inject between $7bn-$10bn in Pemex, according to Moody’s analyst

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 23.Jul.2025, Words: 215) — Plans revealed this week by Mexico’s Ministry of Finance and Public Credit […]

EAI brief: Pemex reports financial debt of $98.8bn, others amounts owed to providers

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 23.Jul.2025, Words: 98) — Petróleos Mexicanos (Pemex) reported total financial debt of $98.8bn at end of […]

Mexico seeks up to $10bn in debt sale to back Pemex: Bloomberg

MEXICO CITY, MEXICO (By Bloomberg, M.E. Vizcaino, M. O’Boyle, K. Butler, S. Squires, 23.Jul.2025, Words: 743) — Mexico is looking to raise between $7 billion and […]

Mexico’s Ministry of Finance to take action to strengthen Pemex’s financial position

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 22.Jul.2025, Words: 293) — Mexico’s Ministry of Finance and Public Credit (SHCP), as part of the […]

EAI brief: Pemex bonds move on debt mandate

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 22.Jul.2025, Words: 156) — The bonds of Petróleos Mexicanos’ (Pemex) rose on news of a mandated […]

Mexico’s crude oil export price closes at $63.67/bbl

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 20.Jul.2025, Words: 70) — Mexico’s crude oil export basket closed the week above the $60 per barrel […]

Fact sheet: Mexico’s 4 crude oil grades, API gravities and sulfur content

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 19.Jul.2025. Words: 175) — Mexico has 4 primary crude oil grades — Isthmus, Maya, Olmeca (the […]

Sheinbaum warns services providers to avoid payment collection “coyotes”

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 11.Jul.2025, Words: 158) — Mexico’s president Claudia Sheinbaum Pardo, speaking about state-owned Petróleos Mexicanos (Pemex) — […]

Pemex conducts emergency drills for chemical emergencies [photo journal]

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 11.Jul.2025, Words: 152) — Staff from various Petróleos Mexicanos (Pemex) facilities and locations participated in drills […]

Harbour Energy eyes optimum Zama development concept in 2025

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 11.Jul.2025, Words: 323) — Harbour Energy, through the Wintershall Dea transaction, expanded its asset base in […]

FT: Can a $20bn refinery make Mexico’s energy ‘dream’ come true?

MEXICO CITY, MEXICO (Christine Murray in Mexico City and Martha Muir in New York, Financial Times, 8.Jul.2025, Words: 740) — Amid the mangroves that line Mexico’s Gulf coast, […]

Fact sheet: elimination of independent regulatory agencies in Mexico

MEXICO CITY, MEXICO (By Editors at Energy Analytics Institute, 8.Jul.2025, Words: 434) — Earlier this year, Mexico’s president Claudia Sheinbaum Pardo signed a decree related […]

EWTC calls on Sheinbaum to address non-payments by Pemex

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 8.Jul.2025, Words: 443) — The Energy Workforce & Technology Council (EWTC), an US national trade association […]

EAI brief: Pemex liquids production and oil exports on downward trends [2 pdf charts]

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 7.Jul.2025, Words: 252) — Petróleos Mexicanos’ (Pemex) liquids production (with partners) and crude oil exports continue […]

EAI brief: Mexico continued to send oil, gasoline and refined products to Cuba during 1Q:25

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 7.Jul.2025, Words: 150) — Mexico’s state-owned company Petróleos Mexicanos (Pemex) continued to send crude oil, gasoline […]

Pemex looks to turn hard to renewables to diversify Mexico’s energy mix

HOUSTON, TEXAS (By Pietro D. Pitts and Piero Stewart, Energy Analytics Institute, 3.Jul.2025; Words: 650) — Diversification of Mexico’s energy mix — currently heavily weighted […]

Borr Drilling says Odin rig received a notice of a 30-day temporary suspension from Pemex

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 2.Jul.2025, Words: 433) — Borr Drilling Limited received notice from state-owned Pemex to temporarily suspend the […]

EAI Brief: Sheinbaum says Pemex executives to reveal Pemex transformation details

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 2.Jul.2025, Words: 104) — Mexico’s president Claudia Sheinbaum Pardo said executives with Mexico City-based Petróleos Mexicanos […]

Billionaire investor Carlos Slim says Pemex “solution must be found”

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 1.Jul.2025, Words: 264) — During an event in Mexico, billionaire Carlos Slim warned that a solution […]

Mexico seizes 2 million liters of hydrocarbons in Saltillo operation

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 29.Jun.2025, Words: 162) — Mexico carried out a search in Saltillo, Coahuila, where a property used […]