Oil Production
Pemex promises clean slate with suppliers in 2026
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.
Suriname pursues offshore oil amid carbon-negative goals
Suriname, the world's most forested country and a carbon-negative nation, is set to launch major offshore oil production in 2028 despite its environmental credentials. The project with TotalEnergies promises economic growth but raises questions about balancing fossil fuels with green development. Leaders aim to use oil revenues to fund sustainable initiatives while preserving the Amazon rainforest.