A privately held company has sunk a new oil well in Mexico. This is the most recent Mexico’s step in allowing foreign competitors back into its energy market. An amalgamation of Premier Oil Plc, which is based in London, Talos Energy LLC of Houston and Sierra Oil and Gas of Mexico, started drilling the well on May 21. The project is the first offshore probe to be someone other Petroleos Mexicanos, which is the state-run monopoly since the oil industry was nationalized.
Zama One Well, situated at Sureste Basin is estimated to hold 100 million to 500 million barrels of crude. Its drilling is expected to take up to three months to be done at the cost of $16 million. The three partners obtained the rights to the prospect in 2015. This was in the first round of request after Mexico voted to liberalize its ailing oil sector,opening it to private investment.
A Keenly Watched Well
The Zama well will be the center of attraction in the industry since it’s the first non-Pemex oil well to be exploited in the history of Mexico’s oil exploration. The launch was part of the reformation process of the country’s energy. The report is from Elaine Reynolds, an analyst who works at Edison Investment Research Limited, who further states that due to the structure of the basin it has a high chance of success.
The Mexican market implies that Zama is among hilarious exploration wells to be drilled in the oil industry currently. This is from Charlie Sharp, Canaccord Genuity Limited analyst. Zama well is closely held by Talos Energy, which holds 35 percent stake in the prospect.
Talos Energy at a Glance
Talos Energy LLC is a private oil and gas company. It is based in Houston. The company is led by Tim Duncan, who has proved to be an excellent leader. It is engrossed in the exploitation and exploration of gas and oil properties. It is affiliated with Apollo Global Management, LLC and Riverstone Holdings, LLC. To know more click here.
In order to provide its partners and associates with the latest information, Market America sponsors several annual conventions in different cities. The United States version of the Market America convention 2017 had scheduled, placed it in the scenic area of Greensboro, North Carolina. Not only did this event take place during the more enjoyable months of fall, but it was also held inside the Greensboro Coliseum, which accommodated over 20,000 guests. Marking the company’s 25th anniversary, this convention celebrated the milestone by having several silver-anniversary events held on a centrally located stage within the Colosseum.
While the convention was designed to share information on a variety of aspects associated with the company, the corporate team from Market America made sure to emphasis the shopping rewards provided through monetary profits. As a company that focuses on helping people attain a better way of life even in a harsh economy, the team believes its franchise opportunities and partners are still the soul of the business. The Market America convention 2017 held in Greensboro, also featured many key speakers who shared their expertise in how to increase sales, productivity and profits. They also stressed the importance of following the proven business model established by the company.
As an event designed to provide attendees with information, the 2017 convention offered a variety of seminars and sessions that included some of the company’s top selling lines. Market America carries a large line of nutritional supplements and vitamins, which are designed to improve a person’s overall state of health. To help convey the importance of these lines, the 2017 convention offered lectures on the company’s Isotonix brand of vitamins, the TLS Weight Loss brand of natural products and Royal Spa’s new line of beneficial essential oils. The entire convention took place over a 4-day period, with several recaps of information from previous lectures.
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For most people, José Auriemo Neto’s name is not well known. But people from Brazil have certainly heard of him. His company JHSF works in real estate. The projects include apartments and other residential properties as well as commercial lots.
All Projects Start Small
They have spent time researching the market and going after various new development options that bring in revenue. They are not only re-shaping the market but also Brazil. At first, the company only developed residential properties in the different neighborhoods. Later they shifted their attention to projects that would continue bringing in revenue after the refurbishment was finished.
The company itself started its work in 1972 under the leadership of Fabio Auriemo from Brazil. They worked on smaller projects before the company could expand. At the moment the company has projects in Brazil, Uruguay as well as the US.
In the United States, the company has buildings in New York City. They also invested in development in Uruguay which is now a residential project in Las Piedras in Punta del Este.
Taking Risks to Grow
One of the projects JHSF worked on was the Shopping Metro Santa Cruz. It was the first shopping center in Brazil that also had its subway station.
José Auriemo Neto was the overseer of one of the first retail developments the company took on. It was a big deal since they had secured a contract with the retail giants such as Hermes and Pucci.
The luxury brands were looking into expanding to Brazil, and JHSF saw a new investment option. JHSF also secured a contract with Jimmy Choo, another business giant seeking to broaden the trade in Brazil. These contracts mostly helped to raise the prestige of the company. It also elevated the shopping center to the next level.
Leading by Example
José Auriemo Neto graduated from Fundação Armando Álvares Penteado University in Brazil. He began his career with JHSF in 1993 and started gathering real estate experience straight away. He also participated in founding Parkbem, a parking lot managing company to add to the company’s retail empire.
He leads by example and works hard to pursue different new projects the company could invest in further reshaping the real estate market in the world.