For the first time in nearly 80 years, Mexico is allowing foreign competitors access to the oil located in their waters. This was voted in favor of in response to Mexico’s ailing oil market and with the hope that bringing outsiders in will benefit everyone. The first bid was opened and won by Houston’s Talos Energy, London’s Premier Oil, and Mexico’s Sierra Gas and Oil. Sierra Gas and Oil holds the largest portion of the venture at 40% and Premier has a 25% stake. Talos Energy has a 35% stake in addition to also being the operator of the well.
Ever since Mexico declared nationality for their oil industry, the Petroleos Mexicanos have dominated the oil industry. This is the first time a privately owned company has taken their place and been allowed to conduct the exploration. The venture is going to be called the Zama-1 well and already it is expected to be a huge success. It will take about 90 days for the entire project to be completed and it will cost Premier Oil $16 million in total. Due to the location and structure of the Zama-1 well, this exploration is considered to have a high geological chance of success. They estimate there to be anywhere from 100 million to 500 million barrels of crude oil just waiting to be discovered in the Zama-1 well.
In 2013, Talos Energy acquired the subsidiary of Helix Energy Solutions, Energy Resource Technology GOM. They obtained this company for $620 million. Energy Resource Technology GOM recently has huge success in its Wang discovery when it found over 100 feet of high quality net oil. This was discovered in the Green Canyon Block of the Phoenix Field.
The CEO and President of Talos Energy, Time Duncan, is very excited about this new portion of the company and believes it will propel Talos even further in the oil industry. The combination of Energy Resource Technology GOM’s oil assets and high cash flow will connect perfectly with the company’s large about of seismic data and experienced employees. Talos is expected to make even more advances in the near future.
For more information follow Talos Energy on Facebook.
Have you ever heard of Bruce R. Bent II ? He is an amazing American businessman and financial guru. His father invented the world’s first money market fund in 1970. Growing up with his father gave Bent II a keen sense of the financial world.
Money market funds also known as money market mutual funds that invest in short-term debt securities like the commercial paper and United States Treasury bills, to name a few. These money market funds are widely recognized to be as being safe as the bank deposits and providing a much higher yield. The primary type of customer that should have money market funds are investors. These money market funds are fully appropriate for investors who need the investment to become liquid, have an investment goal with a small time horizon or searching to diversify with a higher conservative investment.
Now on to Bent II’s life in which he was born in New York. He attended Northereastern University and then acquired his Bachelor’s in Philosophy. After college he began his amazing career in the financial industry. He has helped bankes, retail marketers, broke-dealers and various other financial institutions find creative financial solutions.
Bent’s career path eventually led him to be the Vice Chairman and President of Double Rock Corporation. Double Rock is a top financial management and technology company that aids in creative financial solutions. Bent II has made a name for himself as a great thinker, financial expert and investor.
For more information on Bruce Bent II follow him on Twitter.
NuoDB is a technology capable of dividing data elements into software objects. These are called atoms. The database is constructed to surround a durable distributed cache. The design incorporates memory caches that enable it to support cloud styled elasticity. The system ensures that all the data is maintained and safely stored.
The NuoDB system is also designed to support multi-version concurrency control which is called MVCC. This has the ability to resolve any access conflicts and detect data deadlocks. Message and object oriented computing methodologies are distributed with the use of an asynchronous communication format that operates on a peer to peer basis.
The vendor NuoDB Inc. has marketed and developed the software. Originally it was formed as NimbusDB in the year 2008. The NuoDB 1.0 was released in 2013 and became available for the use of the general public. The lead architect for the 2.0.3 software is Jim Starkey. He is a veteran in the database industry and worked on BLOB’s and MVCC’s for the Digital Equipment Corporation.
Mr. Starkey was responsible for founding two database companies before he began work on the creation of NuoDB. He has since retied from NuoDB and is now in the position of the companies strategic advisor.
Further information about NuoDB can be found on Wikipedia.
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