Talos Energy Advances Mexico oil Reform: Breaking an 80-Year Long Monopoly

A joint venture has set a precedent in Mexican waters by sinking an oil well, allowing foreign energy companies back into business. This development has broken a strong monopoly maintained by the Mexican state, long since the nationalization of the oil industry in 1938. Three leading companies: Premier Oil, Talos Energy and Sierra Oil & Gas undertook this project and swiftly began the drilling process on May 21st. Facing this first exploration led by an offshore venture, Petroleos Mexicanos’ is no longer the only entity to launch drills in the region. As reported by Premier, in the Sureste Basin, situated off Tabasco, The Zama 1 well is occupied by an estimated amount of 100 million to 500 million barrels of crude. Drilling is said to take up to 90 days before completion, costing Premier a budget of $16 million. This prospect occurred as a result of Mexico voting to offer its oil industry to private investment. Subsequently, the three companies secured their rights to this opportunity by winning the bid.

London based analyst, Elaine Reynolds at Edison Investment Research Ltd., has stated this venture will be keenly observed by the industry, as it is the first non Pemex drilling as part of Mexico’s energy reform process. She’s also suggested the structure of the basin indicates a high geological chance of success. Moreover, according to Charlie Sharp, an analyst at Canaccord Genuity Ltd., Zama is the most interesting project well to be executed in this sector of the year.In a statement by Premier, it is found that Talos being the operator of the well owns a 35% share in this undertaking, while Sierra and Premier hold 40% and 25% respectively.

About Talos Energy

Talos Energy is a privately run oil and gas company headquartered in Houston. It operates a self owned subsidiary, Talos Production after the successful acquisition of Energy Resource Technology, also known as Helix Energy Solutions Group (a oil and gas subsidiary) for $620 million.Tim Duncan, CEO and President of Talos Energy, and his partners started Talos Energy with $600 million in equity from assets in the Gulf of Mexico and other investors. The assets are said to have produced more than 16,000 barrels of oil per day, and were operated by a team of 60+ professionals in Houston. Talos Energy struck a deal with private equity giants, Apollo Management and Riverstone Holdings, in 2012, which raised the employee count from 15 to 120 employees.Among local businesses in Houston, Talos has been named the best workplace, by WorkplaceDynamics. Duncan has shared that the motivation behind his immense success came from his bosses’ willingness to always hear him out. From being a reservoir engineer manager to CEO of Talos, he has continuously sought to work hard. He encourages his employees to come up with ideas without holding them back.

Organo Gold: A Leading Supplier of Beverages and Personal Care Products

Organo Gold Overview

Organo Gold is a company that distributes beverages, personal care products, and nutraceuticals. This organization has a long history which dates back to 2008 when it began its services. Organo Gold is initially from Richmond, B., Canada and started with only three employees. However, with determination and dedication, the company grew, and today, it is known globally.

Organo Gold has distributors in more than 50 countries. As the company continues to boost its sales, it strives to make a difference in people’s lives. It can do this through its products which help people live healthy lives. The company is also interested in creating business opportunities for the community at large. Follow Organo Gold on Facebook.

On June 30th, 2014, Organo Gold launched its new headquarters. The state-of-the-art building is designed to not only accommodate 150 corporate employees but visitors as well. During the opening of the new building, Organo Gold held a ceremony which brought together more than 500 visitors including VIPs and local dignitaries.

Products

Organo Gold produces beverages which include Cafe Latte, Café Mocha, Hot Cocoa, Green Tea, Black Ice, Red Tea, Café Supreme, Gourmet Black Coffee and King of Coffee. They also offer body management products like the Grape Seed Oil, Mycelium, Spore Powder, OGX Fenix Creamy Vanilla, and Ganoderma Lucidum. The company also produces personal care products. All these products have become popular in the market and as a result, boosting the company’s sales.

Read: https://yourbeautycraze.com/organo-gold-shares-creative-ideas-spice-international-coffee-day/

Apart from making sales, Organo Gold is also committed to the community which it takes very seriously. That is why the organization launched a foundation known as the OG Cares. The foundation’s core purpose is to empower youths by providing tools, education, and resources. Young people are tomorrow’s leaders and through the help of foundations such as OG Cares disadvantaged youths now have the chance to realize their dreams. Read more at PRNewswire about Organo Gold.

Dr. Clay Siegall Enhances The Success Of Seattle Genetics

Dr. Clay Siegall is a renowned scientist. He is credited for making positive contributions in the industry, including propelling research in field of cancer therapy. He is the CEO of Seattle Genetics, a biotech firm that specializes in the development and commercialization of antibody-based therapies for cancer and other chronic diseases. Through his transformative leadership, the company has been able to register notable achievements, including the approval of their first antibody drug conjugate-ADC, Adcetris by FDA in 2011. Moreover, he has pushed for the commercialization of Adcetris by entering into multiple partnerships.

Speaking to Inspirery, the visionary leader said that was inspired to venture into genetics after seeing a family member suffer from cancer treatment. Driven by the desire to create alternative treatments that would cause less harm to patients, he advanced his studies in genetics before co-founding Seattle Genetics. The successful company makes money from the sale of their own drugs. In addition, substantial revenues are sourced from its production collaborations. The company also makes money from licenses arising from Seattle Genetics’ technologies.

About Clay Siegall

Dr. Clay Siegall holds a BS in zoology and a PhD in genetics from the renowned University of Maryland and George Washington University respectively. His visionary leadership at Seattle Genetics has seen the biotechnology firm rise to greater heights in the industry. Under his leadership, the company has set a track record of developing the most innovative therapies that are based on rigorous research. Apart from the development and commercialization of Adcetris, Seattle Genetics has embarked on a pipeline development of more than 20 drugs. In addition, the company has entered into partnerships with other drug manufacturers like Genentech and Bayer.

Before starting his journey with Seattle Genetics, Clay Siegall had rendered his services in various companies, including the Bristol-Myers Squibb Pharmaceutical Research Institute, National Institute of Health and the National Cancer institute. Presently, he serves on the boards of Alder BioPharmaceuticals, the Washington Roundtable, Ultragenyx Pharmaceutical and Mirna Therapeutics. In 2013, the University of Maryland recognized Dr. Clay as the Alumnus of the Year for Computer, Math and Natural Sciences. The celebrated scientist has authored over 70 publications and holds 15 patents.

Highland Capital Management Co-Founder James Dondero

James Dondero started his career in the financial industry in 1984 when he was brought on as an analyst at JP Morgan in their training program. He went on from there to work at American Express as a manager specializing in fixed income funds between 1984 and 1989, and after that, he became the Chief Investment Officer for a subsidiary of the insurance company Protective Life, which he helped turn into a $2 billion enterprise. Follow James on Linkedin.

He attended the University of Virginia, earning two Bachelor of Science degrees in Accounting and Finance from its School of Commerce, and graduating with high honors. Having accounting experience, he once worked as a Certified Public Accountant before later deciding to start his own investment firm in 1993. He named the firm Highland Capital Management, and it was co-founded by his business partner Mark Okada, who, like him, is also an expert credit and equity manager.

James Dondero has over 30 years of experience in the field of financial management. His company, Highland Capital Management, is based on alternative investment solutions, where advice is given on investing in credit accounts such as, hedge funds, mutual funds, separate accounts, distressed investment funds and collaterized loan obligations, or CLOs. The company offers their expert advice and strategies at a low cost to clients.

Read: https://www.dailyforexreport.com/james-dondero-dallas-surprising-philanthropy-hero/

Besides being the co-founder and president of Highland Capital Management, James Dondero sits on the board of the Southern Methodist University Cox School of Business, as well as on the board of healthcare companies such as, CCS Medical and Cornerstone Healthcare. Additionally, he is a board member of a financial company called American Banknote, and of the popular entertainment production company MGM Studios. He is also the Chairman of the banking institution known as NexBank.

Independently owned Highland Capital Management has been in operation for more than 20 years, and under James Dondero’s leadership, it has gained over $18 billion in assets. The company is based in Dallas, Texas, but also has offices in New York, Brazil, Singapore and Seoul. Dondero’s philanthropic contributions are geared toward supporting veterans charities, as well as organizations that promote education. Read this article at barrons.com.

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