Oil Exports Fall: The Week in Oil and Gas

Mexico’s oil exports fell sharply in June, continuing a downward trend that has defined the first half of 2025, according to new data from INEGI. Meanwhile, Mexico's construction sector experiences a downturn, primarily driven by slow activity in the oil and petrochemical sector.

Ready for more? Here is the weekly roundup!

Mexico’s Oil Exports Plunge 30% in June, PEMEX Crude Down 39%

The decline was driven in large part by a steep fall in crude oil exports by PEMEX. In June, the NOC exported an average of 458Mb/d, or 296Mb/d less than in June 2024, a year-over-year volume decline of nearly 39%. 

PEMEX Payment Crisis Drags Down Construction

Mexico's construction sector is experiencing a significant downturn, primarily driven by an unprecedented collapse in oil and petrochemical infrastructure projects, a situation exacerbated by outstanding debts from PEMEX. INEGI reported that the total production value of construction companies registered its second consecutive monthly decline in May, falling by 2.1% (following a 0.2% drop in April). Annually, the sector contracted by 16.6%.

Trion Project 35% Complete, First Oil Set for 2028

Australian energy company Woodside Energy confirmed that its Trion deepwater oil project off Mexico’s coast reached 35% completion by the end of 2Q25, remaining on track to deliver first oil in 2028. Design and manufacturing of subsea infrastructure is progressing, while construction of the floating storage and offloading (FSO) vessel is scheduled to begin in 2H25.

Mexico Bolsters Fuel Adulteration Defenses: New Regulations

Mexico is intensifying its battle against fuel adulteration, with new regulations from the Agency for Safety, Energy and Environment (ASEA) coming into force and the industry facing increasingly sophisticated methods of illicit fuel manipulation. This ongoing challenge not only impacts vehicle performance and tax collection but also poses significant environmental and public health risks.

PEMEX Allegedly Owes Grupo Carso Over US$700 Million

PEMEX has accumulated over US$700 million in debt to Grupo Carso, according to Arturo Spínola, Director of Finance and Administration, Grupo Carso. This debt primarily stems from drilling services and integral contracts performed by Grupo Carso subsidiaries, as well as operations within its hydrocarbon division.

ASEA Proposes New Safety Rules for CNG Fueling Facilities

Mexico’s environmental and energy safety agency ASEA has launched a 60-day public consultation on a proposed update to the national standard regulating compressed natural gas (CNG) facilities for vehicle fueling.