Shell Exits Retail Fuel: The Week in Oil and Gas

Shell has signed an agreement to sell Shell Mobility Mexico to Iconn, operator of Petro-7 and 7-Eleven stations. In other news, PEMEX advances with overdue supplier payments but significant debt remains.

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Shell, Iconn Enter Sale Agreement in Mexico

British oil and gas giant Shell has entered an agreement to sell its Mexican Shell Mobility brand and company to the Mexican service station company Iconn, pending regulatory review by the competent authorities. The company started the process of acquiring Shell Mobility’s Mexican portfolio. This includes gas stations, convenience stores, and Shell’s Shell Solutions fleet operations. The acquisition is estimated to take place in 3Q25 according to the memo, and it is intended to better position Iconn within the gas sector in the country.

Payments to Suppliers Are Coming, Beware Scams: Sheinbaum

During her morning press conference on Monday, President Claudia Sheinbaum addressed a question regarding PEMEX’s outstanding debt with providers. She said the debt is being paid “little by little” and that an important part of it had already been paid.

Enrique Felix Robelo Assumes ONEXPO Presidency

Enrique Felix Robelo assumed the presidency of the National Organization of Oil Retailers (ONEXPO) for the 2025-2026 period during the ONEXPO 2025 conference in the Riviera Maya this past week.

PEMEX Highlights Fertilizer Program's Role in Food Security

PEMEX Director General, Víctor Rodríguez, stated that the Fertilizers for Well-Being program is a key part of Mexico’s broader national strategy on sovereignty, dignity and security. The remarks were made during a fertilizer delivery event in Zacatecas, where Rodríguez emphasized the program's alignment with President Claudia Sheinbaum's energy policy.