Pemex’s Financial Debt Stood at 77.5 Billion Pesos, 9.1% Less Than in 2025
Pemex, Mexico’s state-owned oil company, cut its debt while hydrocarbon output rose 4.6% and sales revenue jumped 30.3% year on year.
Energy
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Pemex and Petrobras Sign Cooperation Memorandum on Exploration, Production, and Transformation of Hydrocarbons
The non-binding, two-year pact grew out of a March proposal by Lula to Sheinbaum; Petrobras eyes Gulf of Mexico deepwater, mature fields, refining, and fertilizers.
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Fracking: A False Solution for Mexico
Every peso spent on prolonging gas dependency is a peso not invested in electricity transmission, battery storage, distributed solar generation, wind power, energy efficiency, demand management, or grid modernization.
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President Lula Offers Petrobras-PEMEX Alliance for Gulf of Mexico Exploration
Brazilian President Luiz Inácio Lula da Silva referenced the South American company’s experience in deep-water operations in his offer to Mexican President Sheinbaum.
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Day of Mobilization at Supreme Court
Among the protesters will be the SME electrical workers union, demanding a review of the dissolution of the Luz y Fuerza del Centro public utility.
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CFE Consolidates Position as Driving Force of National Development
The director of Mexico’s public energy enterprise identified energy justice, the prohibition of profit-making, planning and expanding internet services as key elements advancing the re-socialization of the utility.
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Asymmetric Dependence, the New Economic Order
Mexico ceased to be energy sovereign in 2014, but rebuilding state-owned enterprises gives it the flexibility and capacity to avoid Trump using energy as a weapon to extract concessions and halt the national development of strategic sectors. Europe is too far gone.
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Iberdrola Out, Cox In
The Spanish multinational acquires Iberdrola Mexico for $4.2 billion; will invest $10.7 billion over five years, including Public-Private partnerships with CFE.
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Russia Offers to Supply Mexico with LNG to Strengthen Cooperation
Russia’s energy minister also stated that his country is interested in collaborating with Mexico in the electricity sector.
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CLICKS JUNE 22
Our weekly roundup of stories in the English and Spanish language press on Mexico and Mexican politics. Judicial reform, Latin American integration, public sector driven energy transition, Clara Brugada’s utopias.
