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

Mexico beachfront real estate prices

Mexico Home Prices Jump Again in Early 2026

Mexico housing prices rose 8.7% in Q1 2026, with coastal and fast-growing states seeing some...
Guanajuato Fires Have Burned 11,500 Hectares in 2026

Guanajuato Fires Have Burned 11,500 Hectares in 2026

Guanajuato has recorded 11,543 burned hectares in 2026, with San Miguel de Allende among the...
Los Cabos colonias report two months without water

Cabo Water Shortages Spark New Frustration

Cabo San Lucas residents report long waits, low pressure and water service gaps as officials...
Playa del Carmen Warns Tourists Over Beach Shells

Playa del Carmen Warns Tourists Over Beach Shells

Playa del Carmen will add beach-access warnings after tourists were reported taking conch shells from...