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

Puerto Vallarta airline seats

Puerto Vallarta airline seats set new December record

GAP projections show Puerto Vallarta will offer 928,102 airline seats in December, up 10%, with...

Puerto Vallarta tours add Islas Marías and pirates

Puerto Vallarta tours expand in 2026 with a weekend Islas Marías ferry package and the...
playa del carmen christmas parade

Playa del Carmen Christmas Parade Lights Up Fifth Ave

Fifth Avenue became a holiday street party as Playa del Carmen’s Grand Christmas Parade capped...
Los Cabos hotel occupancy

Los Cabos hotel occupancy nears 90% this holiday season

Los Cabos hotels are near 90% occupancy in late December, and industry forecasts put 2025’s...