Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Mexico announces its biggest oil discovery in three decades

Mexico said Friday that it has made the biggest oil discovery in the country since 1987 at the Quesqui field in the Gulf coast state of Tabasco.

Pemex said it first discovered the field in Tabasco state in May, before beginning studies to evaluate its viability. The site, called Quesqui, is a so-called 3P reserve, made up of deposits considered proven, probable and possible.

“With the analysis of information provided by this well and seismic data in the area, we can confirm today the existence of a giant deposit equivalent to 500 million barrels of crude oil in a . . .

Read Full Story

Related Posts

Mexico inflation rate

Mexico Inflation Jumps Ahead of Banxico Rate Decision

Mexico’s inflation rose to 4.63% in early March, driven by produce prices and complicating Banxico’s...
morning coffee news

Puerto Vallarta Morning Coffee News for Tuesday, March 24

Your March 24 Puerto Vallarta briefing on cruise traffic, roadworks, weather, health updates, and the...
Semarnat Clears 926-Room Resort North of Playa del Carmen

Semarnat Clears 926-Room Resort North of Playa del Carmen

Federal approval for a 926-room resort north of Playa del Carmen revives questions about growth,...
Playa del Carmen readies for a heavier sargassum season

Playa del Carmen readies for a heavier sargassum season

Playa del Carmen may need temporary cleanup workers this summer as rising sargassum tests beach...