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

Mexico beachfront real estate prices

Mexico Home Prices Jump Again in Early 2026

Mexico housing prices rose 8.7% in Q1 2026, with coastal and fast-growing states seeing some...
Guanajuato Fires Have Burned 11,500 Hectares in 2026

Guanajuato Fires Have Burned 11,500 Hectares in 2026

Guanajuato has recorded 11,543 burned hectares in 2026, with San Miguel de Allende among the...
Los Cabos colonias report two months without water

Cabo Water Shortages Spark New Frustration

Cabo San Lucas residents report long waits, low pressure and water service gaps as officials...
Playa del Carmen Warns Tourists Over Beach Shells

Playa del Carmen Warns Tourists Over Beach Shells

Playa del Carmen will add beach-access warnings after tourists were reported taking conch shells from...