Archive for June 28th, 2017

Mexico Loosense Eenrgy Monopoly, Talos Starts Drilling06.28.17

The Talos energy company announced that after the Mexican government announced that it would consider allowing private entities to invest in its energy resources, that it has secured first-drilling rights in their waters.

Since 1938 the Mexican government has had an enduring ban on private money venturing into its territories to drill for oil. For nearly 80 years private money, whether domestic or foreign, was prohibited from threatening the existing monopoly. Tat changed in 2015 when the Mexican government announced that, for the first time in nearly eight decades, it would consider allowing private investor to lobby for rights to drill. Talos, along with partners Premier Oil and Sierra Oil, lobbied the government back then and managed to secure the first-drilling rights.

Talos and partners started drilling in May of this year. The $16 million agreement allows them to continue their operations at the Zama-1 well, off the Sureste Basin near Tobasco, for 90 days. In that time Talos expects to extract somewhere between 100 and 500 million barrels of crude oil.

This first step for Talos and Mexico is being talked about as one of the biggest stories to come out of the energy industry in 2017, but it also points towards the future. Market speculators see this as an opportunity to bring in even more competition into Mexico’s resource market. This will prove beneficial for the Mexican economy and energy prices abroad, but it may increase global competition if other countries see the benefits that Mexico is receiving from this initiative and decide to do likewise.

About Talos Energy:

Talos Energy, based out of Houston, Texas, is an American oil and gas company that manages shelf and deep-water assets in the Gulf of Mexico. Since 2012 Talos Energy has increased its development of offshore exploration, spearheading efforts to discover wells in challenging waters.

With an intrepid corporate culture, Talos Energy has applied new techniques and made use of emerging technologies to excel in energy production. By expanding its influence in just five short years, Talos Energy has been able to cultivate lasting relationships in the industry as well as break into new territories with cautious nations.

For more information on Talos Energy follow them on Facebook.

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Omar Yunes’ Secret to being the Best in Franchising06.28.17

Omar Yunes has grown to be one of the best entrepreneurs in the food industry. His franchise business, Sushi Itto, which is based in Mexico, has won him critical acclaim as a businessman to be emulated. The industry players in his category have also noted his success, and thus, in 2015, Omar was named Best Franchisee of the World. An article that ran on the Entrepreneur detailed his success noting that Omar triumphed over contestants from 34 countries that included France and Italy.
Yunes was born in 1978, and he began his business career when he was just 21 years old. Being the youngest in his family did not hinder him from consistently putting in hard work and aiming for success. Currently, Omar Yunes holds 10 percent of the Sushi Itto brand through the 13 branches that he operates in different cities in Mexico. Yunes has also expanded his business to include real estate.
Being named the Best Franchisee in the World was an honorable fete for Omar. However, he attributes his success to the more than 400 workers who run the Sushi Itto franchises in Mexico. Omar noted in his acceptance speech that if it were not for the dedication and hard work that employees put in, he would not have won the award.
Omar’s relationship with his employees is one of the main factors that led the jury to crown him the winner. His strive to motivate his workers has been described as unmatched by many. Omar has also been known to go out of his way to help his employees achieve their goals.
Omar’s victory also brought glory to his home country, Mexico. The achievement proves that Mexican brands and franchises are well managed and offer high-quality service such that they can compete with other international brands. Furthermore, his victory speaks of the larger establishment that is Sushi Itto. The group’s CEO, Benjamin Cancelmo noted that Omar’s dedication to improving the brand is a microcosm example of the whole brand’s commitment to providing quality service to its clients.

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OSI Group Expanding Their Empire Rapidly!06.28.17

The OSI group is establishing itself as one of the leading food service and retail food brands. It has a strong foothold in multiple countries operating more than 65 facilities in 17 countries. The group had three significant acquisitions related to the food service industry in the later part of 2016. With their manufacturing facilities spread worldwide these acquisitions helps further expanding their market.

On June 8th 2016, OSI group has opened a food processing and storage warehouse in Chicago, which was formerly owned by Tyson foods. The plant is close to another OSI facility in the area and covers 200,000 sq.ft. providing necessary infrastructure for their business growth.

On August 8th 2016, OSI acquired Baho Food, a Dutch manufacturer of convenience foods and deli meats as a part of expanding their business in Europe. The Baho Food GmbH is around for nearly 60 years with processing plants in Germany and Netherlands and serving customers in 18 European countries.

The OSI group acquired Flagship Europe limited on December 20, 2016. Flagship had a prestigious customer base within sectors of food service industry supplying products across UK. The CEO of Flagship Europe Russell Maddock is very positive about the acquisition and he is hoping that “as a part of OSI group, the increased resources along with access to new clients would strengthen their position in the market and enables them to serve their customers better.”

With their ever expanding business, another notable trait of the OSI Group is their commitment in maintaining positive and sustainable relationship with the communities and environments worldwide. OSI has sponsored multiple animal welfare initiatives such as workshops and training sessions for raising awareness of this issue across their global organization. In November 2016, OSI Food Solutions UK has been awarded the prestigious Globe of Honor Award for the year 2016, from the British Safety council for their exemplary management of environmental risks.

Read more on Crunchbase.

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