Mexico is silently seeing a silent revolution of oil exploration and refining in the recent years with the privatization of the energy sector. Long heard the playground of government firms – especially Pemex – Mexico allowed access to private and foreign players into the industry in 2015. The first major movement came from a consortium led by Talos Energy as it began the process of offshore drilling on May 21, 2017. Talos Energy from Houston joined hands with Premier Oil Plc, London and Sierra Oil & Gas from Mexico and formed a consortium to bid the project.
The well is named as Zama-1 well is located in the Sureste Basin near Tabasco State, and it is expected to generate 100-500 million barrels of oil. Interestingly, the drilling was expected to complete over a period of three months at an expense of $16 million. The consortium won the rights in 2015 during the first round of bidding process after the Government of Mexico decided to open doors for the private players.
Interestingly, the industry experts are keenly watching the outcome of the drilling as everyone expects the private players like Talos Energy would revive the petroleum and energy industry of the country. The initial analysis and structure of the basin point towards higher ecological chances of success. Considering the importance of the industry, Zama can make a deciding factor for the economy of the country as well. In the consortium, Talos Energy holds 35% stake, Sierra, 40%, and Premier, 25%, Premier confirmed in a recent statement.
Talos Energy is an oil exploration firm that looks for opportunities of possible investments in Gulf Coast and the Gulf of Mexico. The company is backed by a number of investment funds from Riverstone Holdings LLC, Apollo Global Management, and more. The firm was founded in the year 2012 with an investment of $600 million in the form of equity.
Interestingly, in the initial year, Talos Energy produced over 16,000 barrels of crude oil per day. In 2013, it acquired Energy Resource Technology GOM – an oil and gas firm of Helix Energy Solutions. Since then, Talos Energy displayed consistent growth in the market with added oil wells, exploration, business, and revenue.
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The real estate sector is considered to be one of the most profitable in the market. Individuals who invest in this department make a lot of wealth. The Brazilian economy is growing, and it has attracted investors in the real estate department. At the moment, there are millions of people who are coming into the country so that they can construct houses and purchase land in the prime areas. There are some prominent businessmen who have decided to invest in department, and Jose Aurelio Neto is one of them.
Jose Neto has been in the real estate department for the longest time, and he is proving to everyone that he has everything needed to make a great investor in real estate. At the moment, Jose Aurelio is serving as the chief executive director for one of the largest real estate companies in Brazil, known as JHSF. The company has been growing under his great leadership, and it has opened several branches in several areas in Brazil.
Under leadership of Jose Aurelio Neto, the private real estate company has designed several residential and commercial properties. Most of the company projects are based in Brazil while others are found abroad. The company projects are designed by professionals who understand the needs of the modern customers, and this is why they come up with the best designs.
Jose Aurelio has a great educational background and this is most probably one of the greatest reasons he has turned out to be very successful. According to his resume, Neto went to acquire his university studies at the prestigious FAAP University where he got his skills in the real estate world. Neto’s family background has been influential in his successful career. His father was a real estate guru, and he passed his knowledge to his son. The expertise he has portrayed has brought the company where it is at the moment.
To Learn More : www.guiainvest.com.br/mural/jhsf3.aspx
Tony Petrello has been in Nabors Industries since 1991. He was elected to join the Nabors Board of Directors the same year and also joined the Executive Committee of the Board. So how did he join Nabors? Where was he before Nabors? The influential leader is a graduate of Yale University and Harvard University. He has a background in Mathematics though he changed from Mathematics to Law where he studied at Harvard. He began his career in 1979 where he started off at Baker & Baker McKenzie. He rose to become a Managing Partner.
He, later on, joined Nabors Industries in 1991 and became the Chief Operating Officer. He became the President in 1992. His tremendous achievements saw him become the Deputy Chairman of the same company from 2003-2012. Since 2012, he took up the role of Chairman of the Board at Nabors Industries. Nabors Industries was founded in 1968 and is involved in drilling services. It offers its services globally and has grown to become one of the largest oil drilling companies. The company’s operations are in onshore and offshore drilling. It manufactures drilling equipment and comes up with the advanced software involved in rig reporting. Its employee base has grown tremendously to over 27,000 employees.
Through Petrello’s administration, the company has been able to operate in 25 countries all over the world. In 2014, he was among one of the highly paid CEOs in the US. Being a leader calls for making tough decisions and being able to figure out ways to the success of the company. For Petrello, he has been a strategist who has been able to facilitate the achievement of Nabors. His selfless nature is evident in his contract at Nabors. 80% of his income is based on the company’s revenue which means that if the sales decline, his salary also declines. His company has been able to create more jobs. Nabors has over 1050 rigs that have created employment opportunities for over 100,000 people. His humble beginnings have made him accomplish what he has today as he has worked tirelessly to achieve all he has.
Some of the most significant deals Nabors has had was in 2010 when it purchased Superior Well Services at $735 million. 2nd June 2017 saw Nabors sign a Memorandum of Understanding with Gazprom, a leader in the Russian Oil Industry. The company has also been involved in the acquisition of Robotic Drilling Systems which is a drilling company based in Norway.
Read More : https://gazetteday.com/2017/07/the-real-story-behind-anthony-petrellos-success-as-ceo-of-nabors-industries/