Oil Production
Gulf Energy has announced that the first batch of oil from Turkana fields will be produced in December 2026, following the completion of its buyout from Tullow Oil. Drilling is set to begin in January 2026, pending parliamentary approval of the Field Development Plan. Energy Cabinet Secretary Opiyo Wandayi highlighted the project's potential to boost Kenya's economy and create jobs.
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Petróleos Mexicanos (Pemex) seeks a 'clean slate' in 2026 regarding its debt to suppliers and contractors, accelerating payments to settle at least 180 billion pesos by year-end. Its CEO, Víctor Rodríguez Padilla, announced this before the Energy Commission of the Chamber of Deputies. The company will use a 250 billion peso Banobras mechanism and additional ones to address the total 430 billion peso debt as of the first half of 2025.