PEMEX to Collaborate With Private Sector: The Week in Oil and Gas

PEMEX has approved a new regulatory framework to support mixed development contracts involving private sector partnerships, aimed at enhancing oil and gas production while managing project risk and cost.

Ready for more? Here is the weekly roundup!

PEMEX Approves Guidelines for Mixed Contracts

The guidelines were formalized under agreement CA-025/2025 during PEMEX’s 1035th Board of Directors meeting. The new rules outline a structure for mixed exploration and extraction schemes that rely primarily on public bidding processes but also allow direct contract awarding under defined circumstances.

Grupo México Faces Setback in Revenue Due to PEMEX Contracts

Grupo México reported an 8.1% drop in infrastructure revenue in 1Q25 due to the suspension of four oil platforms leased to PEMEX. Talks are underway to reactivate them amid Pemex's budget cuts and payment delays to contractors.

Mexico to Review Fuel Standard in Monterrey to Curb Pollution

Mexico’s Ministry of Environment and Natural Resources (SEMARNAT) will update Standard 016-CRE-2016 this year to improve the quality of gasoline and industrial fuels in Monterrey and its metropolitan area, the government announced during the seventh meeting of the Metropolitan Environmental Commission.

PEMEX Reaffirms Commitment to End Routine Flaring

PEMEX signed onto the “Zero Routine Flaring by 2030” initiative, reinforcing its pledge to end routine gas flaring in new oil fields and phase it out in existing ones by 2030, aligning with global climate and methane reduction goals.

PEMEX Posts 1Q25 Financial Results

The NOC reported a gross profit of MX$109 billion and operating income of MX$64 billion in 1Q25. EBITDA margin rose to 31.4%, and supplier debt dropped 20%. Key reforms now allow private participation in mixed development projects.