Browse Category: Company

Talos Energy introduces new rig

Talos wants to place a new oil rig in Mexican national waters. The oil and natural gas rig operations company needed to get approval from the National Hydrocarbons Committee to build the Zama-2 platform. Mexico’s government recently gave the company the green light to start building the rig.

The new rig uses the latest technologies to make the new well safe and efficient. The company believes the new rig is capable of increasing the company’s production by several hundreds of barrel equivalent per day.

The construction of any new rig brings high paying jobs to people from many different countries. It also provides additional employment opportunities on the mainland of Mexico. The newly produced jobs exist in the shipping and logistics fields.

The new oil rig employs several dozen people who live on the rig while working. People usually go to the rig for several weeks. When there shifts are done, they return home for several weeks off. Rig workers work unusual schedules and often work long shifts. Many systems on the drill need to be monitored around the clock. Each shift of workers must comprise two normal shifts. The rig must also have all the services the workers need, including access to basic medical care.

Talos operates oil and natural gas rigs throughout the gulf of Mexico. They acquired even more rig operation services when they acquire Whistler Energy earlier this year for $52 million. A company spokesperson referred to these events of bringing exciting times to the company.

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Talos Energy Preps For Big Year After Merger.

Talos Energy is a Houston-based oil and energy company that has been making headlines all around the world thanks to their historic work off of the shallow-water of the Sureste basin located in Mexico’s national waters. Talos Energy was one of three companies that was granted a winning bid in order to drill in Mexico’s waters, the first time that a foreign company has been granted the request by Mexico’s nationalist energy production network. Talos Energy holds a 35% interest in the Zama 1 Well which is being touted as one of the biggest discoveries in offshore drilling in many years. With that kind of momentum and energy behind their work, it should surprise nobody that CEO Timothy Duncan is pushing forward with some major moves, including a huge merger with Stone Energy Corporation.

It was announced that Stone Energy and Talos Energy would be merging following a unanimously approved vote from the Board of Directors at both companies. The all-stock transaction will help Talos Energy to continue pushing themselves into the upper echelon of offshore oil production companies in the world. Stone Energy and Talos Energy combined to produce roughly 47 thousand barrels of oil in 2017 and their reserves are Pro forma estimated at 136 million barrels. It’s easy to see that the combination of their efforts will lead to long-term growth for Talos Energy and their growth expectations are only fueled more by the recent discoveries of Rampart and Tornado II.

Once merged, Talos Energy and Stone Energy will seek to capitalize on their backlog of exploration prospects all across the Gulf of Mexico. As we stated above, Talos Energy made history by becoming the first foreign, private sector offshore drilling company to come into Mexico’s waters. The move set up Talos and Stone Energy for more profitable work throughout the region of which they have access to nearly 160,000 acres of coverage. Timothy Duncan has been loudly touting the benefits of the merger and he has good reason to be confident in his companies decision. With more projected growth in the coming years, Talos Energy is primed to become a premier offshore oil production and exploration team.

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End Citizens United Supports Additional Candidates Against Dark Money Amid Complaints of Voters

End Citizens United, a political action committee (PAC), has shown its political weight by supporting Democratic candidates who will no longer accept corporate PAC donations. Currently, there are at least 185 Democratic candidates who have been identified by End Citizens United and 45-percent of them have been successful in their primary election. It seems that voters in America have had enough of politicians feeding their pockets with corporate donations – otherwise known as “dark money,” and they’re taking this newfound understanding to the ballot box. Voters have become increasingly angry, once End Citizens United began divulging information, which has been kept secret by candidates in an effort to collude with billion-dollar corporations.

Due to the 2010 U.S. Supreme Court’s 4-5 vote with Citizens United v. FEC., politicians have been allowed to align themselves with corporations without any accountability of the donations. And it is perfectly legal. End Citizens United began its fight for campaign finance reform after being established in March 2015 and gained momentum within the political system by identifying key politicians of dark money. The PAC continues to average $14 from private donations. See more of End Citizens United on facebook

Among the 185 Democratic candidates identified by End Citizens United is Beto O’Rourke. Incumbent Ted Cruz was previously expected to be a slam dunk until Democrat Beto O’Rourke announced his candidacy. The unexpected victory would certainly be welcomed and a mark in history by unseating the incumbent Senator. It would also be a victory for Democrats since Cruz’s election to the Senate in 2012 was considered one of the biggest upsets by beating Lt. Governor David Dewhurst. The Republican won the election with a 14-point margin. O’Rouke would be seen by Democrats as bringing back a seat that perhaps should never have been lost, to begin with.

Other notable Democratic candidates include Cory Booker, Conor Lamb, and Kamala Harris who have pledged their support for refusing corporate PAC donations. Lamb’s decision gained him instant popularity among voters, and Harris publicly stated that her decision was based on Citizens United v. FEC. and its affect on the voters. Cory Booker, who may run for president in 2020, released a statement specifically indicating that his decision was based on the complaints of voters. Check out: https://www.youtube.com/c/EndCitizensUnitedOrg