IMP at InnovaFest: The Week in Oil and Gas

The Mexican Petroleum Institute (IMP) took center stage at InnovaFest LATAM 2025, where it presented a series of new initiatives and projects aimed at boosting energy innovation across Mexico. The announcement underscores IMP’s growing role as an R&D engine for both traditional and clean energy in the country.

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PEMEX’s Salina Cruz Refinery Wins Efficiency Award

The PEMEX-managed Salina Cruz refinery has been recognized for “best energy performance” nationwide by CONUEE. The recognition comes at a time when the refinery and the NOC, continue to struggle with long-standing production, maintenance, and environmental challenges.

OPEC+ Extends Oil Output Strategy Through 2026: SENER

Mexico will maintain its current oil production commitments within the OPEC+ alliance through 2026, SENER announced following the 40th OPEC–non-OPEC Ministerial Meeting held on Nov. 30. Minister of Energy Luz Elena González represented Mexico at the session and confirmed that member countries agreed to extend the group’s coordinated extraction strategy into next year.

Flaring at PEMEX’s Deer Park Refinery

A flaring event at the PEMEX Deer Park Refinery in Texas drew attention to the Mexican state-owned oil company’s foreign operations. The flare, visible for miles, coincides with a multi-unit overhaul at the facility and underscores how maintenance, legacy incidents, and public scrutiny may affect PEMEX’s global refining strategy going forward.

Shell, Equinor Create Adura for Production in the North Sea

Global energy majors Shell and Equinor this week completed the formation of Adura, a 50-50 joint-venture that will become the largest independent producer in the UK’s North Sea. The newly formed company will oversee a portfolio of offshore assets formerly held by both firms, a shift aimed at optimizing production and long-term value in a mature basin.