Cotemar Flourishing Under the Changing Energy Sector Landscape in Mexico

 

The changing landscape of the Mexican energy industry looks like it will be tough for companies that won Round 1 tenders. It already seems like they may face challenges in making their investments profitable in an environment where there was only one supplier, customer, operator, and partner. For Pemex, the challenge will be to learn how to co-exist with the new entrants into the market.

 

New companies like Cotemar already own wells. The challenge for them will be resolving land conflicts inherited from Pemex. One such area of conflict is Veracruz, which is under Cotemar. Other challenges will include how to deal with infrastructural theft as well as the threat of organized crime. Despite these difficulties, there is hope for a positive outcome in the revolution of the Mexican oil sector.

 

The energy sector revolution must take into consideration three goals that include increasing output, guaranteeing national interests of tax collection, and offering attractive incentives to companies willing to invest in the sector.

 

About Cotemar

 

Cotemar is a 100 percent Mexican firm that operates in the oil and gas sector of the country’s economy. The company’s services include maintenance and construction, offshore oil fields development, transportation of personnel and supplies, catering, and accommodation.

 

The company has at least 37 years of experience in the provision of services to Pemex. The company has put in a lot of effort to ensure that it meets the needs of its primary customer, Pemex. It regularly revamps its services throughout the value chain of the oil sector. By combining highly skilled employees with useful indicators, it has managed to stay ahead of the game.

 

Cotemar was started in 1979 with the aim of offering services to the energy sector. It has since excelled in that role to become the leading provider of services related to offshore oil extraction. By 1981, Cotemar had strengthened its position as a market leader. It had a fleet of vessels for use in the transportation of equipment and personnel.

 

By 1985, Cotemar had penetrated the rig business. It acquired an accommodation rig that could provide food and housing services. In 2015, the company entered the oil exploration business; this was after the government began to lessen its grip on the Mexican energy sector. Cotemar won the Cuichapa Poniente area contract in the Moloacan municipality in the state of Veracruz. Today, the principals of integrity, reliability, humility, and innovation guide the company in all its services

A Review Of UAE’s Leading Real Estate Developer, Hussain Sajwani

Hussain Sajwani is a United Arab Emirates billionaire and businessman. He is the founder of DAMAC Properties, a real estate residential developer. Sajwani founded the firm in 2002. He capitalized on the Dubai government’s ruling, which allowed nonnatives to own property in the Emirate. Hussain Sajwani bought land in the undeveloped parts of the city. He managed to sell his first residential building, a 38-story property, six months prior to starting construction. Since then, Sajwani has put Dubai on the world map by constructing different properties.

DAMAC Properties partnered with Trump to build two golf courses in Dubai. Their partnership started before Trump became president. The two exceptional businessmen have developed a relationship that goes beyond business. The first Trump branded golf course, the Trump International Golf Course, opened in February 2017. The second development, Trump World Golf Course, designed by Tiger Woods is expected to be opened in 2018. After he was elected as the President of the United States, Trump praised Hussain Sajwani saying that he was an amazing man.

Hussain Sajwani started his career by working in the food industry. Owing to extensive experience in the construction industry, Hussain has worked with different companies, including Bechtel, a construction giant and the U.S. military. Hussain Sajwani has stakes in the food service industry. DAMAC Properties has continued to provide people with affordable properties. Presently, DAMAC Properties is considering undertaking an initial public offering (IPO). One of the potential venues for the IPO is the London Stock Exchange.

Hussain Sajwani is a strong supporter of philanthropic activities. Recently, he gave a cheque of AED two million in support of a Ramadhan campaign. The initiative sought to provide millions of underprivileged children with clothing. His highness Sheikh Mohammed bin Rashi Al Maktoum played an instrumental role in ensuring success of the program. His Highness is the vice president, prime minister, and ruler of Dubai. The proprietor of DAMAC Properties made the donation as part of his firm’s continued support of the government’s efforts to enhance the standard of living worldwide. Hussain Sajwani noted that the young people are the leaders of tomorrow. To this end, Hussain posits that they should be offered with a favorable environment to grow and learn. This way, the children will have a better start in life. https://www.bloomberg.com/profiles/people/15249401-hussain-ali-habib-sajwani