Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Pemex sees oil output boost from looming joint ventures

Mexican state oil company Pemex expects to boost crude output over the next few years with a handful of joint ventures that will focus on onshore and offshore fields, a company official said, outlining areas it will seek to develop with outside producers.

New production from the future joint ventures, or farm outs, is forecast to add about 400,000 barrels in new daily crude output and bring the company's total to about 2.5 million barrels per day (bpd) in 2022, according to a presentation to investors published earlier this year.

Pemex's press office said this week . . .

Read Full Story

Related Posts

Puerto Vallarta Soccer Tournament Brings World Cup Fever

Puerto Vallarta Soccer Tournament Brings World Cup Fever

Puerto Vallarta’s Mundialito de Fútbol Bardas will bring up to 48 teams to Agustín Flores...
puerto vallarta 2026

Puerto Vallarta Lands Fresh Condé Nast Nominations

Puerto Vallarta is on the 2026 Condé Nast Traveler ballot, with voting open through June...
Mexico beachfront real estate prices

Foreign Buyers in Vallarta Face Hidden Property Risks

Foreign buyers in Puerto Vallarta can own coastal property, but weak legal structures may create...
Foreign hiker found safe after Huicicila hill rescue in Bahía de Banderas

Foreign hiker found safe after Huicicila hill rescue in Bahía de Banderas

A foreign hiker lost in Huicicila’s hills was found alive after a coordinated search by...