SENER Addresses Fuel Theft: The Week in Oil and Gas

SENER reported that it has intensified its actions to combat fuel theft, also known as huachicol, while reaffirming the “success of the current public-oriented energy model.” During her appearance before the Senate and as part of the review of President Claudia Sheinbaum’s first government report, Minister of Energy Luz Elena González detailed the steps taken to strengthen the battle against huachicol.

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OPEC Projects Small Oil Surplus in 2026 After Output Adjustments

OPEC expects global oil market to move into a small surplus in 2026, reversing earlier projections of a deficit, according to its latest monthly report released Wednesday. The shift comes as OPEC+, which includes Russia and other producing allies, plans to pause production increases amid signs of oversupply.

Transition, MGC Sign Methanol Deal for Sinaloa Project

Transition Industries LLC and Mitsubishi Gas Chemical Company (MGC) have signed a letter of intent for a long-term methanol supply agreement  tied to Pacífico Mexinol, a large-scale methanol production facility planned for northern Sinaloa. The plant, to be built in Paredones, Ahome, will have a projected annual capacity of 2.1Mt, making it one of the world’s largest producers of ultra-low-carbon methanol.

Fossil Fuels Take Center Stage in COP30 Negotiations

Fossil fuels loomed large over COP30 as nearly 200 countries negotiated outcomes that must be acceptable both to major hydrocarbon producers and to the most climate-vulnerable states. Delegates spent two weeks wrestling with technically dense issues, including methane, finance, loss and damage, and transition language, while the presence and pressure of oil, gas and coal interests were unmistakable both inside and outside the negotiating rooms.

PEMEX Emissions Jump 15.4% in 3Q25, Highest in Three Years

PEMEX reported a second consecutive quarterly increase in carbon emissions, reaching its highest pollution levels in nearly three years and renewing concerns over the company’s environmental performance and investment priorities.