Puerto Vallarta News

Puerto Vallarta News

Mexico to Start Oil Auctions in Early 2015

The Mexican government expects to hold the first auctions of oil fields for private investors in the first half of 2015, officials said.

High-level officials met with foreign correspondents on Tuesday to discuss the implementing regulations for the constitutional reforms approved last December to overhaul the energy industry.

Congress plans to review the laws to implement the reforms next month and “round one” of bidding is expected to take place in the first half of next year, Energy Undersecretary for Hydrocarbons Lourdes Melgar said.

State-owned oil giant Petroleos Mexicanos, or Pemex, is expected to identify the areas it . . .

Read Full Story

Related Posts

Mayto Turtle Camp

Mayto Turtle Camp hits record season for leatherback turtle nests

Mayto Turtle Camp has already protected seven leatherback nests—its highest total ever—marking a standout season...
The Hunt for “Authentic Mexico” Is the Fastest Way to Miss Mexico

The Hunt for “Authentic Mexico” Is the Fastest Way to Miss Mexico

If you want “real Mexico,” stop hunting and start participating—quietly, consistently, without needing a story...
Pueblo Bonito Vantage Opens in San Miguel de Allende

Pueblo Bonito Vantage Opens in San Miguel de Allende

Pueblo Bonito’s Vantage hotel arrives in San Miguel with 111 rooms, wellness suites, and design-led...
Los Cabos trash pickup gaps spark sanitation worries

Los Cabos trash pickup gaps spark sanitation worries

Cabo San Lucas residents report weeks without trash pickup as Los Cabos cites broken trucks,...