Petrobras–Pemex Agreement for Deepwater Exploration and Production Under Discussion

During President Claudia Sheinbaum Pardo’s press conference on June 2, 2026, the President stated that an agreement will be signed with Petrobras, which she described as an expert in deepwater exploration and production. She also noted that the company has specialized technology to determine whether additional oil reserves may exist at greater depths in previously exploited mature fields that currently produce only limited volumes of oil, such as Cantarell.

Source: Presidency of the Republic

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R&I Affirms Mexico’s Sovereign Credit Rating at BBB+ with a Stable Outlook

Rating and Investment Information, Inc. (R&I) affirmed Mexico’s long-term foreign-currency sovereign credit rating at BBB+ with a stable outlook.

The agency highlighted the Government of Mexico’s commitment to fiscal consolidation and the gradual reduction of the deficit, which will help keep public debt on a sustainable and manageable path. It also underscored the strength of Mexico’s export sector, the Government of Mexico’s commitment to fiscal consolidation, and a sustainable debt trajectory.

With this decision, Mexico maintains investment-grade status with all eight credit rating agencies that assess its sovereign debt.

Source: Ministry of Finance and Public Credit (SHCP)

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