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

Real Estate Fraud in Mexico Rises as Scammers Target Renters and Buyers

Mexico new-home supply keeps shrinking for a decade

Registered new-home units have plunged about 60% since 2015, tightening prices and rents as households...
airport drill

Puerto Vallarta airport traffic hits record in 2025

GAP says Puerto Vallarta’s airport handled 6.9M passengers in 2025, up 2.1%, boosted by new...
puerto vallarta heat

Puerto Vallarta heat runs up to 5°C above normal now

Puerto Vallarta heat is running up to 5°C above normal this season, and the pattern...
Organized crime recruitment

Organized crime recruitment of minors is rising, report says

A report highlighted growing recruitment of minors by organized crime, outlining how criminal groups pull...