Puerto Vallarta News

Puerto Vallarta News

It’s official, Mexico’s Oil is Open to Private Investment and Exploration

President Enrique Pena Nieto signed into law on Monday new rules governing a historic opening of Mexico's state-run oil, gas and electricity industries to foreign and private companies.

Pena Nieto said the government will let potential investors know by Wednesday which blocks of gas and oil fields will be open for them. The state-owned oil company, Petroleos Mexicanos, or Pemex, has the right under the new rules to take first dibs and set aside some fields for itself. Pena Nieto said those set-asides will also be made public Wednesday.

The president also promised to start putting . . .

Read Full Story

Related Posts

The Plaza de Armas is filled with color for the XVIII Madonnari Festival 2026

Madonnari Festival 2026 fills Plaza de Armas in Puerto Vallarta

More than 150 chalk artists turn Puerto Vallarta’s Plaza de Armas into a pop-up gallery...
Mexican skater Donovan Carrillo makes history with second Olympic run

Mexican skater Donovan Carrillo makes history with second Olympic run

Mexican skater Donovan Carrillo ends his second Olympic campaign at Milano-Cortina with a season-best score...
VINOMA 2026 Puerto Vallarta

Vinoma Fest 2026 brings wine & food back to Puerto Vallarta

Vinoma Fest 2026 returns to Puerto Vallarta March 5–7, uniting world-class wines with gourmet cuisine...
August sargassum forecast challenges Riviera Maya tourism

Record Sargassum May Soon Hit Riviera Maya Beaches

Monitors warn of heavy sargassum heading for Quintana Roo. Riviera Maya towns ready barriers, cleanup,...