PEMEX Plan Still Cause for Concern: The Week in Oil and Gas

The federal government has presented a new plan to support PEMEX as it faces financial hurdles. However, the plan still poses concerns, experts say. Meanwhile, AMESPAC members expressed disappointment over the lack of clarity for supplier payments.

Ready for more? Here is the weekly roundup!

PEMEX Plan Targets Financial Relief but Faces Operational Hurdles

The recently introduced PEMEX recovery plan aims to address concerns over the sustainability of the NOC’s operations and finances, but industry stakeholders warn that structural and operational issues remain unresolved.

Moody’s Places PEMEX on Upgrade Review After Strategic Plan

Moody’s Ratings has placed PEMEX under review for a potential upgrade, citing a stronger commitment from the Mexican government to stabilize the state oil company’s finances through a new strategic plan.

Sheinbaum Denies Fuel Shortages, Blames Logistics Setbacks

President Claudia Sheinbaum dismissed reports of widespread fuel shortages in Mexico, insisting that supply remains secure despite recent disruptions in several regions. Speaking at her morning conference, the president said there is no shortage of gasoline nationwide and attributed delays to transport and logistical setbacks.

Ministry of Finance Plans Third Debt Rescue for PEMEX

The Ministry of Finance will launch a third financial support package for state oil company PEMEX aimed at refinancing market debt under more favorable terms, Deputy Minister of Finance María del Carmen Bonilla told lawmakers ahead of the confirmation.

Former PEMEX Director Carlos Treviño Detained in the US

President Claudia Sheinbaum has confirmed the arrest of Carlos Treviño, a former director of PEMEX, in the United States. He will be deported to Mexico to face corruption charges related to the Odebrecht case. Sheinbaum stated that Treviño will "finally be found and will be judged in Mexico." The detention is a result of an extradition request issued five years ago.