Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Carlos Slim’s Carso Energy Will Help Build New $767 Mil Pipeline

A consortium including an energy company controlled by billionaire Carlos Slim won a contract to build a 230 km (143 mile) pipeline to supply gas to central, northern and western Mexico, the state power company said on Thursday.

The consortium, which consisted of Slim's Carso Energy and U.S. companies Energy Transfer Partners and MasTec Inc, presented the lowest bid of $767 million for the work.

That bid was significantly below the $1.365 billion budgeted for the project by Mexico's state power company CFE.

The Waha-Presidio pipeline will run through Texas and connect with a pipeline . . .

Read Full Story

Related Posts

Mexico moves to reassure travelers with fast-response tourism campaign after security concerns

Mexico moves to reassure travelers with fast-response tourism campaign after security concerns

Mexico is targeting U.S. and Canadian travelers with a fast-response tourism campaign after security concerns...
German diver rescued after emergency near Cabo Arch

German diver rescued after emergency near Cabo Arch

Navy crews rescued and stabilized a 55-year-old German diver after a suspected pulmonary emergency near...
Puerto Vallarta Says Hotel Bookings Hold Steady

Puerto Vallarta Says Hotel Bookings Hold Steady

Puerto Vallarta says hotel cancellations have not surged after February violence, though short-term rentals slipped...
Oil, gas and the dollar rise as volatility returns

Peso slips as oil and dollar rise on conflict signals

Oil and gas climbed and the dollar strengthened as Middle East headlines revived risk-off trading,...