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

Yucatán sargassum biofertilizers

Quintana Roo’s Sargassum Crisis Now Poses Health Risks

Decomposing sargassum on Quintana Roo’s beaches releases toxic gases and contaminants—adding health dangers to an...
mexico cartel extradition

Mexico Transfers 37 High-Risk Cartel Suspects to US Custody

Mexico has handed 37 alleged cartel members to U.S. custody, calling them a security threat....
Cancun news today

Today’s news roundup in Cancún (Jan. 20, 2026)

A quick, clear look at the stories shaping Cancún today—from safety and tourism to city...
Los Cabos news today

Los Cabos today daily news roundup for January 20, 2026

Los Cabos on Jan. 20, 2026: fire response in Cabo San Lucas, road repairs, gas...