There are few things on this planet more valuable than oil. The black substance is the backbone of many industries. So it makes sense that there would be an oil well wherever people think it may be hidden. Some countries guard their potential oil deposits from foreign competitors via laws and regulations.
Mexico was one such country until its recent oil reform. The country has decided to let a private company develop a new offshore oil well in its waters. This will be the first time Mexico has allowed a foreign competitor in its energy market in over 8 decades. Prior to the new oil reform Pemex, a Mexican state owned petroleum company, was the only company to launch an offshore exploration well since the country’s expropriation of all foreign competitors.
The project came to be because of a collaboration between three major oil and gas companies after winning bidding war for the prospect 2 years ago. Earlier this year Premiere Oil, Talos Energy, and Sierra Oil and Gas began drilling. Each Company hails from a separate continent which makes the joint venture even more interesting. The entire industry will be paying strong attention to the well.
The drill site is estimated to possess hundreds of millions of barrels of crude oil. The drilling will reportedly last at least 3 months, costing each company millions in the process.
About Talos Energy
Talos Energy is a private oil and gas company based in Houston, Texas. It was founded in 2012 by Tim Duncan and his partners and mainly focuses on prospects in Gulf of Mexico and Gulf Coast. It is known for it acquisition and exploitation of oil and gas properties.
This year the Houston Chronicle named the small company as a Top Workplace. As far as small companies go none is more profitable than Talos Energy in the oil and natural gas industry.
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The Mexican waters have been far outside the reach of private companies. It has been close to a century since any private oil drilling, or exploration company was able to navigate into the Mexican oil rich waters. The 80-year long wait has finally come to an end, and private oil corporations are setting sail to venture into the profitable oil market. The Mexican government through changing the policies regarding the country’s its oil wells are pushing for foreign investors to support its energy markets.
The key companies that have been able to achieve this milestone include; the Premier Oil Plc that has its headquarters in London, Mexico’s Sierra & Gas together with Talos Energy that is based in Houston. The companies started drilling the well back in May as per the reports released by Premier Oil Plc. Since 1938, when the Mexican government nationalized the country’s oil industry, this is the first time private companies are venturing in oil and gas exploration in Mexico’s jurisdiction, breaking the monopoly that has been long enjoyed by the country’s backed oil corporations.
The well being drilled by these companies hold a maximum of 500 million barrels of crude oil as per Premier Oil Plc. Drilling is set to run for 90 days at the cost of $16 million. Talos Energy and its exploration associates won the drilling rights of the Zama-1 well back in 2015. The events leading to this was a failing oil industry, the Mexican government saw it fit to open up its oil industry to private investors who would bring in the needed capital and infrastructure to revive the industry.
Talos Energy is an oil drilling and exploration company that has interests in the energy sector. The energy company has more than $600 million in equity from the firm’s previous backers before Talos Energy was established.
Talos Energy had its headquarters in Houston and was established during the height of the financial crisis that swept across the globe. According to Workplace Dynamics, Talos Energy is one of the best American companies to work for. Other than providing day care services for working parents, the staff at Talos Energy get to enjoy Friday happy hours.
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National Steel Car is a manufacturer of rolling stock. The biggest manufacturer of this kind in Canada that saw its birthday in 1912. They have managed to stay in top 3 manufacturers and are not showing any signs of stopping.
Their CEO currently is Mr. Gregory James Aziz, and he is one of the most capable leaders in the modern industry. The company created jobs for local communities, and their current employee numbers have reached 2000 people.
The railcar manufacturing has not wavered, and National Steel Car has seen an increase of production on their five production lines. They know how important investment is in any industry. However, they are also not afraid to take risks propelling the company forward.
Greg Aziz is a CEO who knows his business inside out. Under his leadership, this company has invested millions of dollars over a 15 year period to use the latest technology to advance the production.
Gregory J Aziz was born in London, Ontario. This Canadian Executive was born in 1949 and went to Ridley College. He later went to University of Western Ontario to read economics. After graduating from University, Aziz joined his family business called Affiliated Foods in 1971.
Greg worked in different opportunities in New York during 80s and 90s. In 1994 Aziz was involved in the purchase of National Steel Car from Dofasco because he had a vision of transforming and changing this company. His leadership style draws strength from team-building and building relationships between employees and executives.
They were able to raise the capability of their manufacturing output through smart investment. They were able to create 3500 cars before the company was taken over and Aziz helped to raise this number to 12 000 vehicles. The employment ratings grew as well.
Greg James Aziz put the pedal to the metal and helped to raise a new level in manufacturing and engineering. His efforts and the way National Steel Car was recognized by TTX SECO awarding them the highest excellence award.
This kind of manufacturing is important to communities and building infrastructure. It inspires people to follow in the footsteps of Aziz and become the next new leaders. It is not an easy task, but Aziz has shown his management skills and attitude are crucial to the way company operates. They are looking into new business opportunities when possible and expanding the manufacturing processes to supply the demand in the industry.