SENER published new rules defining how oil and gas contracts can be terminated under force majeure, aiming to clarify the process for companies operating in the hydrocarbon sector. The guidelines establish requirements for notifying and demonstrating causal links between qualified events and contractual non-performance, broadening legal certainty for producers in exceptional circumstances.

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PEMEX Reports Pipeline Leak in Tabasco

PEMEX reported a hydrocarbon leak in a pipeline in the municipality of Centla, Tabasco, after detecting a loss of containment in one of its facilities, according to a statement released by the company on Sunday. PEMEX said it immediately activated its emergency response protocols, suspended operations at the affected pipeline and deployed technical personnel to control the incident.

Shell Withdraws From Argentina LNG Project With YPF

Shell has withdrawn from the initial phase of the Argentina LNG export project being developed with state-controlled energy company YPF, the companies confirmed this week, marking a shift in the early planning of one of South America’s planned liquefied natural gas ventures.

PEMEX, CFE, SENER Oversee Installation at Salina Cruz Refinery

SENER, PEMEX and CFE oversaw the installation of a hydro-treatment reactor at the Salina Cruz refinery, PEMEX said in a press release. The reactor is part of a broader effort to improve fuel quality and advance the modernization of the nation’s refining infrastructure.

BP to Sell 65% of Castrol to Stonepeak for US$10 Billion

BP has agreed to sell a 65% stake in its Castrol lubricants unit to US investment firm Stonepeak at an enterprise value of US$10 billion. The move is part of BP’s broader US$20 billion divestment program aimed at reducing debt and streamlining its operations, with net proceeds of approximately US$6 billion earmarked to lower BP’s net debt.BP has agreed to sell a 65% stake in its Castrol lubricants unit to US investment firm Stonepeak at an enterprise value of US$10 billion. The move is part of BP’s broader US$20 billion divestment program aimed at reducing debt and streamlining its operations, with net proceeds of approximately US$6 billion earmarked to lower BP’s net debt.