Author Topic: Talos feels squeeze as Pemex aims to flex muscles again  (Read 864 times)

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Offline Elderberry

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Talos feels squeeze as Pemex aims to flex muscles again
« on: November 08, 2019, 07:05:14 pm »
Houston Chronicle by  Jordan Blum Nov. 8, 2019

A little-known Houston oil company called Talos Energy struck it big in 2017 when it became the first private company to make a major discovery offshore of Mexico.

The Zama discovery put Talos on the map and, one year later, Talos expanded and went public when it merged with Louisiana-based Stone Energy.

But, now, Talos finds itself in the middle of geopolitical tensions as Mexico’s state energy company Pemex aims to flex its muscles again under Mexican President Andres Manuel Lopez Obrador, known as AMLO. The president, who took office in 2018, has flirted with undoing some of Mexico’s energy reforms that opened the country up to private investments — and ended Pemex’s 75-year monopoly in the country — to make Pemex great again.

More: https://www.houstonchronicle.com/business/energy/article/Talos-feels-squeeze-as-Pemex-aims-to-flex-muscles-14818563.php

Offline IsailedawayfromFR

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Re: Talos feels squeeze as Pemex aims to flex muscles again
« Reply #1 on: November 08, 2019, 10:50:39 pm »
One has to know who one is dealing with.

In this case, Medico is a notoriously poor choice, and Talos will suffer.
“You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing.” Thomas Sowell