The allure of investing in Mexico's historic oil sector opening has been dimmed by the plummeting price of crude, putting pressure on the government to offer bigger incentives to private investors in the first major round of contracts up for grabs.
Since Congress in August approved the laws governing the dissolution of Mexico's 75-year-old state oil monopoly, crude prices have plunged more than 40 percent, reducing the appeal of investing in Mexican deposits.
Mexico, the world's 10th biggest crude producer, last week announced bidding terms for the first set of production-sharing contracts, unveiling 14 . . .
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Popular posts:
US Authorities Deal a Blow to Cartels in Puerto Vallarta Puerto Vallarta, Mexico - In a significant move to dismantle the financial underpinnings of organized crime, the United States Treasury Department has sanctioned over a dozen companies associated with the Jalisco New Generation Cartel (CJNG). These actions, carried out by the Office of Foreign Assets Control (OFAC), target entities implicated in timeshare fraud schemes across…
Six of Mexico’s Top 50 Restaurants of 2023 are in Puerto Vallarta Puerto Vallarta, Mexico - In a remarkable accolade to its vibrant culinary scene, Puerto Vallarta has been named as one of Mexico's premier gourmet destinations. The prestigious recognition comes from the OpenTable platform's latest ranking, "The 50 Best Restaurants in Mexico in 2023," which features six of the city's esteemed restaurants, underscoring Puerto Vallarta's status…
New Military Forces Arrive in Puerto Vallarta to Reinforce Security Puerto Vallarta, Mexico – In a significant move to bolster security in the state of Jalisco, the Mexican government has dispatched a contingent of 2,500 soldiers to the region. Starting from the 29th of November, Puerto Vallarta has witnessed the arrival of these troops, with at least 100 units marking their presence in the city.…
New International Flight Routes to Boost Puerto Vallarta’s High Season Puerto Vallarta, Mexico – The Puerto Vallarta International Airport is set to experience a significant boost in its high season traffic with the addition of over 25,000 departure seats this year. In a strategic move to strengthen the influx of visitors, at least three new international routes are planned to be inaugurated in the final…
Puerto Vallarta International Airport Undergoes Expansion and Improvement Ahead of Winter Season Puerto Vallarta, Mexico: In a move to enhance passenger experience and manage increasing traffic, the Puerto Vallarta International Airport is undergoing a series of improvements. Christian José Amador Lizardi, the airport administrator, reported that these developments are in full swing in preparation for the upcoming winter season. According to Amador Lizardi, the airport has observed…
Jalisco Authorities Close Melaque Beach South of Puerto Vallarta Following Fatal Shark Attack Puerto Vallarta, Mexico - In a swift response to a tragic incident, authorities in Jalisco, Mexico, have closed Melaque Beach, south of Puerto Vallarta, after a woman succumbed to injuries sustained from a shark bite. The Jalisco State Civil Protection and Firefighters Unit announced this precautionary measure on Monday, November 4, at around 10:30 a.m.,…
Puerto Vallarta News Brief with Felipe Álvarez for December 1, 2023 https://youtu.be/6d5X8V5wemg Puerto Vallarta (PVDN) – The Puerto Vallarta News Brief covers the top trending stories of the week on Vallarta Daily News and is hosted by Felipe Alvarez. The stories this week. The United States Treasury Department has taken a significant step in dismantling the financial networks of the Jalisco New Generation Cartel. The Office of…
Target Coming to Mexico? Speculations Rise Over Target’s Potential Expansion into Mexico Puerto Vallarta, Mexico - Recent developments have stirred discussions about the American retail giant Target potentially entering the Mexican market, which could reshape the retail landscape dominated by Walmart and Costco. The speculation was ignited following the discovery of job listings for production and distribution managers on LinkedIn, as reported by Mexico Business News. This…
60 Americans and 10 Canadians Have Been Reported Missing in Jalisco in the Last Five Years Puerto Vallarta, Mexico - During the tenure of the current state administration in Jalisco, Mexico, a concerning trend has emerged with the disappearance of 160 foreign individuals, out of which only 54 have been successfully located. The National Registry of Missing and Unlocated Persons confirms that the fate of 106 individuals remains unknown, casting a…- Puerto Vallarta News Brief with Felipe Álvarez for December 6, 2023 https://youtu.be/lv5nAfD06hI Puerto Vallarta (PVDN) – The Puerto Vallarta News Brief covers the top trending stories of the week on Vallarta Daily News and is hosted by Felipe Alvarez. The stories this week. A troubling trend has emerged in Jalisco. Since December 2018, 106 foreigners have gone missing, with only 54 located, some deceased. This alarming rate…
