Mixed Contracts advance as SENER grants first contracts. In other news, President Sheinbaum confirmed petrochemicals as a priority for PEMEX’s future, while lawmakers push for a stronger focus on investment in the energy sector.
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SENER Grants PEMEX First Mixed Contracts
Mexico’s Energy Ministry granted PEMEX 10 oil and gas areas under new mixed contracts in land, shallow, and deepwater. The scheme sets cost recovery at 30%, requires development plans within 180 days, and allows private sector participation.
Sheinbaum Backs Petrochemical Revival in Veracruz
President Claudia Sheinbaum confirmed the revival of PEMEX’s petrochemical industry, highlighting the Escolín fertilizer plant in Poza Rica as a key project to boost national production and support Mexico’s agricultural sector.
Mexican Lawmakers Push Domestic Energy, Renewables, Investment
Mexico’s Senate President Laura Castillo urged a stronger focus on domestic and foreign investment in the country’s energy sector during the Bicameral Dialogue on North American Energy. Speaking within the framework of President Claudia Sheinbaum’s Plan México, Castillo emphasized the need to support private-sector investment alongside basic infrastructure projects.
Financing, Risk, Investment Outlook for the Mexican O&G Industry
Mexico’s oil and gas sector faces a pivotal financing and risk moment as 2025 progresses. PEMEX continues to carry the heaviest strain in the ecosystem: its debt load, liquidity pressures, and volatile cash flows shape how banks, insurers, auditors, and rating agencies view the country’s upstream opportunities.
Oil & Gas in Mexico: Opportunities Amid Regulatory Change
Mexico’s oil and gas sector is undergoing a period of immense transformation, shaped by recent regulatory reforms, shifts in state strategy, and evolving opportunities for private investors. At the center of this change is PEMEX, which continues to play a dominant role in exploration, production, and midstream operations.