CNE Takes Over: The Week in Oil and Gas

Mexico’s National Energy Commission (CNE) officially eliminated all asymmetric regulations governing PEMEX and its subsidiaries, ending a decade-long framework that dictated how the state-owned company interacted with private clients.

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Fitch Upgrades PEMEX to BB+ On Stronger Government Support

Fitch Ratings has upgraded PEMEX’s long-term foreign and local currency ratings from BB to BB+, removing them from Rating Watch Positive and assigning a Stable Outlook. The move comes after the state-owned oil company successfully executed a US$9.9 billion tender offer across eight bond series, a deal financed directly by the Mexican government.

SENER Takes Over Hydrocarbon Oversight

SENER has assumed expanded powers over hydrocarbon assignments and policy-making following the publication of the new Regulations on the Hydrocarbon Sector Law. This redefines administrative responsibilities within the oil and gas sector, consolidating SENER’s authority alongside CNE.

IMP Underscores Innovation, Equity at Energy Congress 2025

The Mexican Oil Institute (IMP) participated  in the opening of the 6th International Energy Congress 2025, an academic and technical gathering that brought together university leaders, industry experts, and energy professionals under the theme “Redefining the course of energy in the face of climate change.”

Sulzer Chemtech Urges PEMEX to Settle MX$528M in Overdue Invoices

Swiss engineering firm Sulzer Chemtech has demanded that PEMEX settle more than MX$528 million in overdue payments for work carried out across the National Refining System (SNR), according to Proceso.