Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico 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

BCS weighs housing commission as Los Cabos strain grows

Baja California Sur lawmakers are reviewing a permanent housing commission as Los Cabos emerges as...
Los Cabos transport strain grows as diesel fuel increases

Los Cabos transport strain grows as diesel fuel increases

Diesel near 30 pesos a liter is squeezing Los Cabos transport operators and could reopen...
Human remains found in a clandestine grave in Santa Anita

Human remains found in a clandestine grave in Santa Anita

Human remains found in San José del Cabo have renewed scrutiny of search efforts, forensic...
Gran Fondo Riviera Nayarit Brings a Cycling Weekend

Gran Fondo Riviera Nayarit Brings a Cycling Weekend

Bahía de Banderas is preparing for Gran Fondo Riviera Nayarit, a cycling weekend aimed at...