The energy market has experienced a lot of changes in the recent times, there have been many companies coming up so that they can bring the reforms everyone has been looking for. Mexico has not been left behind in the energy reforms. In the last eighty years, the country has registered several changes. More than eighty years ago, the powerful nation announced that it had decided to clock all the foreign countries who wanted to show any interest in venturing into the Mexican energy market. The state had its reasons for embarking on this move. However, the country has decided to make changes to this law in the recent times. According to the energy ministry, a private company delivered its products through the Mexican waters just recently. According to the ministry, this has happened after waiting for the last eighty years.
Talos industries is the company that is responsible for the new developments in the competitive department. Talos energy is considered to be among the most powerful in the world, and this is one of the reasons it has embarked on this venture. According to the energy ministry, Talos Energy partnered with a company called Sierra Gas and Oil so that it could make the operation successful. The two companies embarked on the drilling of the well in May this year, and they have worked with several professionals so that the operations can be successful. The stakeholders in the competitive industry are very excited concerning the new developments in the energy market.
This is the first time Mexico has introduced a different company to carry out a major operation in the Mexican waters. Before, Petroleos Mexicano es was the only institution that was allowed to carry out any operations in the last eight decades. The company is owned and also managed by the state, and this is one of the reasons it has a lot of powers in the country. This will not be the case anymore. On the other hand, Talos energy is excited to get the opportunity. The private firm has a lot of expertise in the energy industry, and this is one of the main reasons it has been doing so well in the competitive market.