CNE Takes Over: The Week in Oil and Gas

Regulatory authority over the energy sector has been transferred to the newly created National Energy Commission (CNE), OPEC revised its 2025 global oil demand growth forecast downward, and the Mexican Senate ratified four independent board members for CFE and PEMEX.

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CRE Dissolved as CNE Takes Over Energy Oversight

Following CRE’s dissolution of CRE on March 19, 2025, regulatory authority over the energy sector has been transferred to the newly created National Energy Commission (CNE), marking a major structural shift. This transition aligns regulatory responsibilities directly with the Ministry of Energy (SENER), removing the constitutional autonomy previously held by CRE.

OPEC Lowers 2025 Global Oil Demand Forecast

OPEC revised its 2025 global oil demand growth forecast downward by 150Mb/d, according to its latest monthly report released Monday. OPEC now expects demand to rise by 1.3MMb/d next year, citing weaker 1Q25 data and uncertainty stemming from new US trade tariffs.

TotalEnergies Grows Renewable Portfolio

TotalEnergies has finalized three major acquisitions in the European Union, Africa and North America to strengthen its integrated power operations and advance its goal of reaching 35GW of gross renewable capacity by 2025, the company announced.

Senate Confirms Independent Board Members for CFE, PEMEX

Mexico’s Senate ratified four independent board members for CFE and PEMEX, following nominations by President Claudia Sheinbaum. Each appointment was approved separately by a two-thirds majority during a plenary session. Cecilia Martín del Campo and Héctor Sánchez were confirmed for the CFE board, while María del Rosío Vargas and Juan José Paullada were approved for PEMEX.

Russian Firms Eye Joint Ventures With PEMEX for Oil Projects

Russian companies are open to develop joint ventures with PEMEX to develop heavy crude oil extraction projects, according to Aleksandr Abrámov, Russia’s Trade Representative in Mexico. The announcement was made during the first Russia-Mexico Business Forum held in Mexico City, organized by the Roscongress Foundation.