Pemex
Pemex is a Mexican state-owned petroleum corporation. It is best known for being Mexico's largest oil company, historically controlling exploration, production, refining of crude oil and natural gas, and playing a pivotal role in the country's energy sector and economy. It remains a focal point in discussions about Mexico's energy reform, fiscal stability, debt burden, and regulatory framework affecting oil production and government revenues.
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Sheinbaum dismisses US cartel allegations, affirms Mexico's sovereignty
Sheinbaum refutes U.S. accusations against Mexican officials involved with the Sinaloa Cartel, asserting Mexico's sovereignty. This marks a significant escalation in the diplomatic dispute over cartel links and extraditions, with Mexico demanding clear evidence and stressing respect.
Mexican Governors Rocha and Campos Summoned for US-Linked Drug Trafficking Inquiry
Mexican Governors Rubén Rocha Moya and Maru Campos have been summoned by the FGR to answer questions related to drug trafficking allegations linked to the US. This development heightens tensions around federal investigations into state officials' ties to organized crime.
Houston Judge Acquits Rovirosa, Dismisses Pemex-Linked Charges
A Houston court has acquitted Mexican businessman Rovirosa and dismissed charges linked to Pemex, citing insufficient evidence and procedural violations. The case's outcome emphasizes the importance of proper evidence procedures in international corruption investigations.
Mexico Implements Mandatory 28 Pesos per Liter Diesel Price Cap
Mexico has set a maximum diesel price of 28 pesos per liter, with authorities actively enforcing the limit. Industry compliance follows recent government discussions to control fuel prices and address market challenges.
Mexico faces severe fuel shortages linked to Middle East tensions and infrastructure failures
Mexico's fuel supplies are at risk due to geopolitical tensions and logistical failures at Pemex facilities. The crisis underscores systemic vulnerabilities and the need for infrastructural improvements to prevent shortages.
Pemex Finds 3 Officials Hid Oil Spill Details in Gulf of Mexico Using Internal Records
Pemex uncovered that three officials concealed information about a major oil spill in the Gulf of Mexico by using internal logs. This revelation prompts scrutiny of internal protocols and calls for stricter accountability measures.
Mexico's Pension Reform Limits Public Pensions to 50% of Presidential Salary, Impacting 93,000 Retirees
Mexico's new pension law, effective April 10, will reduce pensions for over 93,000 retirees from Pemex, CFE, and others by up to 60%. The reform aims to cap public pensions at 50% of the President's salary, sparking protests and legal disputes.
Mexico Enacts Decree to Unify Public Healthcare Under Universal Health Service
The Mexican government has officially published a decree to establish a universal health service, aiming to provide healthcare access for all citizens through public institutions. This move is expected to overhaul Mexico’s healthcare system by increasing efficiency and coverage.
Cuauhtémoc Cárdenas Named Honorary President of Pemex’s New Petroleum Commission
Cuauhtémoc Cárdenas has stepped into the role of honorary president of Pemex's new Petroleum Advisory Commission, which aims to enhance Mexico's oil strategy. This move underscores efforts to fortify national energy sovereignty amidst global market challenges.
Pemex's Deer Park refinery faces diesel spill after vessel collision, containment underway
Pemex announced a diesel spill caused by vessel collision at its Deer Park refinery in Texas. Containment efforts are underway and are expected to last two days, with authorities monitoring the situation.
Fire at Pemex Dos Bocas Refinery Triggers Health and Environmental Safety Concerns
A fire broke out at the Pemex Dos Bocas refinery, raising concerns about air quality and environmental safety. Authorities are monitoring the situation closely as operations face potential disruptions amid ongoing safety reviews.
Pemex's Strategic Moves: Expanding Fields, Financial Recovery, and Major Contracts with Slim
Pemex is deploying seven contracts to enhance production and is on a path of financial recovery, driven by new government policies. Carlos Slim’s company clinched a significant contract, indicating private sector confidence in Pemex's strategic initiatives.
Mexico recovers nearly 900 tons of hydrocarbons from Gulf beaches following spill
Mexican authorities have collected approximately 900 tons of hydrocarbons from beaches along the Gulf of Mexico. This extensive cleanup underscores ongoing efforts to mitigate ecological damage and improve spill response measures, with a new environmental observatory now operational.
Pemex Denies Gas Leak at Dos Bocas Refinery After Social Media Reports
Social media reports claimed a gas leak at the Dos Bocas refinery, prompting safety alerts. Authorities clarified that the vapor was from maintenance, and the refinery remains operational, dispelling fears of a leak.
Mexico Considers Capping State Company Pension Benefits, Facing Retiree Opposition
Mexico's president proposes a constitutional change to limit pensions of Pemex and other public sector retirees, which could cut benefits for many. Retiree groups oppose the reform, warning it could violate legal rights and create uncertainty about retirement protections.
Mexico's 2027 Fiscal Plans Questioned Amid Low Growth and Investment Drop
Mexico's Treasury has presented its 2027 fiscal policy guidelines projecting reduced spending and a positive primary balance. However, analysts question their sustainability due to the sharp drop in investment and low growth projections, raising concerns over fiscal stability.
Mexico's Fuel Reserves Cover Only 3-6 Days Against 90-Day International Norm
Mexico's fuel reserves last only 3 to 6 days, falling short of international standards of 90 days. This shortfall raises concerns about energy security and highlights the need to boost storage capacity and preparedness.
Five Die in Fire at Pemex's Olmeca Refinery Caused by Oily Water Overflow
A fire at Pemex's Olmeca Refinery in Mexico killed five people due to an oily water overflow ignited by heavy rain. The refinery returned to normal operation after the blaze was extinguished, but the fatalities raise safety concerns.
Deer Park Refinery Faces Financial Challenges After Two Losses in a Row
Deer Park refinery, owned by Pemex, continued to post losses in 2025 despite early post-acquisition gains. Its production details for petrol and gasolines remain unclear, highlighting ongoing challenges.
Oil Spill Extends to Four Veracruz Municipalities, Prompting Beach Closures
Multiple Veracruz municipalities are experiencing ongoing oil contamination, leading to beach closures. Local communities are calling for compensation and environmental action.