Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Mexico to Auction Off 29 Oil-Producing Areas in 5 States

Details of the third phase of the Round One oil and gas offerings will be released next week, with 29 onshore areas in five states to be auctioned off, the Mexican Energy Secretariat said.

The auction rules for the areas in Chiapas, Nuevo Leon, Tabasco, Tamaulipas and Veracruz states will be made public on May 12, the secretariat said in a statement.

Contracts covering the areas included in the third phase of the auction process will be awarded in November.

The auction provides an "opportunity for Mexican companies, both existing and newly created ones, to operate in fields of this . . .

Read Full Story

Related Posts

Lake Chapala and Ajijic Week in Review: What Residents Need to Know

Ajijic and Lake Chapala saw movement on cable work, transit, tourism, lake levels, sports, health...
Cancun beach restoration

Cancún Week in Review: What Residents Need to Know

Cancún’s week brought anniversary events, bridge updates, planning debates, health investments, sargassum prep and public...
Cancún Gets Early Warning on 2026 Hurricane Season

Cancún Gets Early Warning on 2026 Hurricane Season

Conagua expects 11 to 15 Atlantic systems in 2026, prompting Quintana Roo officials to urge...

Mérida Week in Review: What Residents Need to Know

Mérida’s week brought heat warnings, tourism plans, public projects, safety data, and coming events from...