A new offshore crude oil has been sunk in the Mexican waters. This happens for the first time in the last 80 years. The company that won the bid to sunk this oil well is Talos Energy Company. This makes it the latest step in the countries drive since it will allow international investors back in focusing on energy markets. Talos Energy Company began drilling the well in the Mexican Coast some time back in May. This well is the first offshore coast well to be exploited and oil tapped from it. This happens aside state monopoly participation because the country nationalized the oil industry.
Talos Energy Company located in Houston is going to play the critical roll in this oil exploitation. The Mexican Gulf Coast is where the Talos Company is going to row the boat together. Talos has poised by growing and hiring more human resources. This comes after acquiring other gas and oil Companies. Talos Company is a private equity company thus this makes it more entrepreneurial than being a public firm. It’s goal is to maximize the Companies output.
The first well will be drilled, and this will prove to be part of the counties energy reform process. Besides, this will be keenly watched by the Energy industry in country. The basin out of which the oil well will be drilled has high geological success chance. This implies that the Mexican Zama well will be one of the most interesting exploitation wells this year in the energy sector.
Talos Energy Company holds jointly and plays a significant role in the drilling of the well. This comes about by winning contract of drilling Zama aside other companies. Additionally, Talos Energy Company holds the significant stake and shares compared to other businesses which exceed 30% of the total stake.
Zama well drilling is going to make a massive transformation in energy sector since more crude oil will be drilled which will in turn help in significant operations like operating most machinery. The idea of Zama well drilling will be the best as this will even create employment opportunities for youths in the country. Talos Energy Company attains credit for all this!
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OSI Group is a global company operating in the food production industry. The company’s head office is based in Aurora, ILL, but has other branches spread in different parts of the world. The President of the company is David McDonald, who also doubles as its Chief Operating Officer. OSI Group specializes in the supply of protein supplement food like beef patties and sausage links. In addition, the company supplies other items such as pizza and sandwiches. David McDonald has contributed to the growth and expansion of the company since he joined it.
Acquisition of Baho Food by OSI Group
In mid-2016, OSI Group acquired Baho Food, a Dutch based food manufacturer specializing in items like snacks and deli meats. According Mr. McDonald, the deal was meant to increase the presence of OSI in Europe. He further added that the products by the two companies complements each other, hence the possibility of meeting the ever growing needs or their customers. Baho Food had five subsidiaries and was serving customers in 18 countries in Europe. It was a major achievement for David McDonald and his company because they had expanded their operation to new markets. McDonald believes the success achieved by his company is as a result of partnering with other companies specializing in similar line of business from different parts of the world.
David McDonald’s Work and Education Background
Mr. McDonald received his bachelor’s degree in animal from Iowa State University in 1987. Soon after graduating, he joined OSI Industries where he began his career. He climbed up the ladder and became the company’s President and COO. McDonald is involved in numerous activities at Iowa State including the Alpha Gamma Rho. In 2011, he sponsored a group of student to visit the company’s facilities in China. OSI Group has operated in China for the last 20 years.
OSI Group’s Operations in China
According to David McDonald, as the Chinese economy continues to grow, the presence of OSI Group in the country has also continued to grow. They have continued to focus on the country because it has the largest consumer market in the world. McDonald explains that they have several great customers in the country who have enjoyed successful growth and it is their duty to keep serving them. Some of the customers served by OSI Group in China include Starbucks, Burger King, Yum, Saizeriya and others. McDonald believes the company’s operations in China will continue to grow and expand in the future.
Learn More: www.bloomberg.com/profiles/people/17665897-david-mcdonald