Category Archives: Oil Companies

The Game Changing Merger of Talos Energy

Talos Energy LLC is a highly experienced off-shore exploration and petroleum production company, based in Houston, Texas. Talos has many years of experience using state-of-the-art technology in the Gulf of Mexico. In fact, the company has a deep knowledge and expertise in oil and natural-gas exploration as well as extraction in the Gulf region. The years of experience have endowed the company with unparalleled knowledge, specifically in the Gulf of Mexico region.

Recently, Talos Energy merged with Stone Energy to create an oil exploration company that is slated to become a game changer of sorts. The new company will be traded on the New York Stock Exchange as “TALOS”. CEO Timothy Duncan has said that this merger will give shareholders an opportunity to invest in a company with great “scale and liquidity.” After the merger, the company is now known as Talos Energy Inc. Stone energy used to be headquartered in Lafayette, Louisiana and its primary area of interest were in the Appalachian basin and the Gulf of Mexico.

The primary reason for the significance of the merger between Talos and Stone Energy is the big increase in the acreage footprint available for exploration. The total amount has increased to 12 million acres. A portion of this is located offshore of Mexico. In fact, Talos Energy was involved in the Zama oil discovery, which was the first ever privately funded oil exploration exercise in Mexico. The Zama discovery is expected to produce around 2 billion barrels of oil. Apart from sizable oil reserves, what makes the Zama basin attractive is that it is located in relatively shallow waters. This, in turn, means that Talos is capable of high-impact exploration in the region.

Citigroup and UBS Investment Bank acted as the financial advisors for the merger between Talos and Stone energy.

Click here : https://www.crunchbase.com/organization/talos-energy

The Secret behind Cotemar Company Success

Cotemar Mexico has been well established because of petroleum revolution effects. The presence of Cotemar Industry in Mexico has led to the development growth in many sectors of the country’s economy such as transportation and industries sector. They heavily inspect their vessels which are also used for transporting people to and from their respective working place. Cotemar Mexico has taught their clients how to use modern technology on their oil rigs. In return, they produce high-quality products and are able to maintain their level of production even during the hurricane threat. They ensure that their tools and equipment are of the highest standards a fact that has enabled Cotemar to remain relevant in the market till date. The Cotermar Mexico has well-skilled professionals who perform their duties keenly which include fixing up oil rigs so that they can be in good working condition whenever they may be required for use. Cotemar plays a great role in helping Petroleos Mexicanos with experience to maintain their good reputation.

To fulfill sustainability obligations, cotemar Mexico offers their staff favorable working conditions and good health care. Moreover, they ensure that their employees are well skilled and equipped with the required knowledge and experience. They provide job opportunities to over 9000 employees and operate about 35 vessels in its various duties of keeping Mexican petroleum economy stable. Furthermore, cotemar Mexico provides the best food services to the employees. This makes them keep fit and be of good health enhancing the provision of better services.

The company has maintained its good history of providing the best in petroleum production. It takes a significant role in stabilizing the country’s economy as it generates a return from both domestic and foreign exchange. It contributes a significant percentage of the country’s gross income. Also, Cotemar Company assists the community by providing their services at an affordable cost. Cotemar Mexico is the best firm to work with, and most qualified personnel should seek vacancies in the company as they never disappoint.

http://www.bnamericas.com/company-profile/es/cotemar-sa-de-cv-cotemar