PEMEX Addresses Norway’s Pension Fund: The Week in Oil and Gas

PEMEX clarified the recent announcement from Norway’s Government Pension Fund Global. In other news, the company came in third in ethical performance and anti-corruption practices on the IC-500. Still, the NOC is linked to 79% of soil contamination cases. 

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Norway’s Pension Fund Completes PEMEX Divestment Process

PEMEX clarified that the recent announcement from Norway’s Government Pension Fund Global regarding its divestment from the NOC reflects the conclusion of a process that began in 2014, not a new decision based on current developments.

PEMEX Drilling Activity Falls Amid Production Decline

PEMEX completed drilling of only 17 wells during 1Q25, the lowest figure for a similar period in 30 years, according to the company’s quarterly financial report.

Advario, Braskem Idesa Inaugurate Ethane Terminal in Veracruz

Advario and Braskem Idesa inaugurated a US$500 million ethane import terminal in Coatzacoalcos, Veracruz, marking the completion of a key infrastructure project aimed at securing long-term feedstock supply for Mexico’s petrochemical sector.

PEMEX Ranks Third in Ethics and Anti-Corruption Index

PEMEX made third place among Mexico’s largest companies in ethical performance and anti-corruption practices, according to the 2024 edition of the Corporate Integrity Index (IC-500). The NOC received a score of 96.1 in the latest evaluation.

PEMEX Linked to 79% of Mexico's Soil Contamination Cases

The Ministry of Environment and Natural Resources (SEMARNAT) reported that from 2008 to 2024, Mexico has recorded 1,146 cases of soil pollution caused by hydrocarbons, affecting 17.2 million m3 of land. Of this total, 79% is attributed to PEMEX, making the state-owned company the leading contributor to environmental degradation from hazardous spills in the country.