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

El Jardinero Arrest Raises New Questions for CJNG Power

U.S. expands charges against “El Jardinero,” senior CJNG figure

U.S. prosecutors added meth trafficking and money laundering allegations against Audias Flores Silva, alias El...
Mexico and the U.S. advance T-MEC review talks

Mexico and the U.S. advance T-MEC review talks

Mexico and U.S. trade teams advanced T-MEC review talks in Washington, with rules of origin...
Los Cabos Hotels Face Slower May as Bookings Slide

Los Cabos Hotels Face Slower May as Bookings Slide

Los Cabos hotels expect May occupancy near 65% to 66% as softer airport traffic and...
Housing Speculation Squeezes Mexico First-Time Buyers

Housing Speculation Squeezes Mexico First-Time Buyers

AMPI Guadalajara says real estate speculation is pushing homeownership further out of reach for young...