Mixed Contracts Advance: The Week in Oil and Gas

PEMEX has signed its first 11 mixed contracts with private partners under a new contractual framework created by Mexico’s latest energy reform, Mixed Developments, announced by President Claudia Sheinbaum during her first Sate of the Nation Address.

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PEMEX Launches US$9.9 Billion Bond Buyback for 2026–2029 Debt

PEMEX has opened a repurchase program of up to US$9.9 billion in bonds as part of efforts to manage its heavy debt burden. The state-owned oil company says that the offer applies to securities maturing between 2026 and 2029 and will run until Sept. 30.

Operators Face Key Tests in Mexico’s Oil and Gas Sector

With rising domestic demand, aging fields, and renewed debate over unconventional resources, the industry is facing urgent questions: how to secure supply, how to modernize operations, and how to define the role of private partnerships alongside PEMEX so that operators can maintain a sustainable growth and resilience in an industry plagued with uncertainty, long return on investment cycles, and many more challenges.

Mexico Sets New Record for US Natural Gas Imports In 1H25

Mexico’s natural gas imports from the United States surged 4.6% in 1H25, rising from 1.14Tcf in 1H24 to 1.20Tcf in 1H25. This marks the highest six-month total ever recorded for imports from the United States, averaging around 6.65Bcf/d via pipeline.

AMESPAC Urges Government to Settle PEMEX Arrears Immediately

Rafael Espino, President, Mexican Association of Oil Services Companies (AMESPAC), delivered a stark warning this week over the potential impact of PEMEX’s 2025-2035 strategic plan on the country’s oil services sector.

Sheinbaum Highlights PEMEX Reforms in State of the Nation Address

In her first State of the Nation address, President Claudia Sheinbaum addressed energy policy and the strategic role of PEMEX and CFE within Mexico’s national development plan. According to Sheinbaum, the new legislative agenda seeks to “restore the state’s central role” in managing the country’s resources while modernizing public infrastructure and promoting a more inclusive, sustainable economy.