Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

For a Sustained Growth in Oil Production Mexico’s New Government Will Need to Resume Bidding Rounds Sooner Rather Than Later

For a Sustained Growth in Oil Production Mexico’s New Government Will Need to Resume Bidding Rounds Sooner Rather Than Later

Following recent statements by Fluvio Ruiz Alarcon, a current advisor to Mexico's president-elect Lopez Obrador team and former Pemex board member, Adrian Lara, Senior Oil and Gas Analyst at GlobalData , a leading data and analytics company, offers his view on the impact on the upstream sector: “Maintaining and resuming soon CNH's upstream bidding rounds should be a pragmatic move for the new government. Pemex can directly award drilling contracts for onshore and shallow water, as promised recently by Lopez Obrador to service companies, but even if this is successful in increasing domestic production . . .

Read Full Story

Related Posts

Malecón sales slump

Puerto Vallarta Shops Face 30% Sales Drop As Tourism Struggles

Canaco-Servytur says Puerto Vallarta businesses saw sales fall about 30% after February 22 security incidents...
Profepa Closes Work Sites to Protect Vallarta Turtle

Profepa Closes Work Sites to Protect Vallarta Turtle

Profepa ordered temporary closures on two Puerto Vallarta properties after finding work affecting a nesting...
puerto vallarta airport

Puerto Vallarta Airport Recovery Claim Meets Weak Data

Puerto Vallarta airport traffic fell sharply in April, even as officials point to new routes...
Why Mexico Rejected a Major Cruise Tourism Project in Quintana Roo

Why Mexico Rejected a Major Cruise Tourism Project in Quintana Roo

Mexico rejected Royal Caribbean’s Mahahual project after environmental review and public opposition raised questions about...