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

Mexican peso appreciates

Mexican Peso Hits One-Month High Against the Dollar

The Mexican peso reached its strongest level in a month against the dollar, giving travelers...
BCS government keeps talks open with Los Cabos tourist transport operators

BCS government keeps talks open with Los Cabos tourist transport operators

BCS says talks remain open with Los Cabos tourist transport operators as QR rules, permits...
U.S. orders review of Mexico’s 53 consulates

U.S. orders review of Mexico’s 53 consulates

A U.S. review of Mexico’s 53 consulates could affect services used by Mexican citizens and...

Puerto Vallarta Airport Sees Sharper Air Travel Drop

Puerto Vallarta airport logged a third month of falling international passengers, raising questions about air...