International Business

Riverstone Enters Partnership to Expand Global Operations

Riverstone Holdings has been one of the leading firms in the global energy scene, offering their services in some oil and petroleum related activities. In recent events, the company entered into a merger with Miguel Galuccio, to launch their operations on an even larger scale. Their aim is to merge their assets to create an even bigger globalized presence in the field of oil and energy development.

Riverstone Holdings has been one of the largest companies in the oil and field development sector in the whole of Mexico. Since entering the market, they have significantly influenced the state of Mexico in energy production, cementing their place in the global oil industry. Around seventeen percent of the entire oil and petroleum extraction operations are conducted by Riverstone Holdings and their subsidiary companies. The company is one of the largest operators in the Gulf of Mexico, which is where the corporation conducts most of their activities. Since the company started out their businesses in the field, they have transitioned into a large $750 million company, standing as one of the biggest in the entire country.

Recently, the Mexican Government has been pushing for the development of oil and petrochemical industries, giving them subsidiaries to expand their businesses. In light of this, the government has been pushing their companies from Mexico itself to go on and take on global initiatives and bring in global investments. In light of this, mergers and partnerships like this one are on the rise more than ever.

Miguel Galuccio seemed to be a good international giant to partner with on this venture owing to the tremendous amount of experience the company he leads has in the field. Miguel Galuccio has over twenty-five years’ worth of experience in leading businesses that are divulging into the energy and petrochemical sector. Miguel Galuccio was appointed to the position of a member of the board of directors of Schlumberger which is one of the largest oil and gas services in the entire world.

Riverstone Holdings, under the leadership of founders David Leuschen and Pierre Lapeyre hopes that with this merger, the company can grow and become not just a leader in the Mexican oil and petroleum scene, but a leader in the global oil and petroleum scene in the world. The partnership will entail the growth and expansion of the company’s operations, which can lead it in a direction which is extremely favorable for its growth and development.

China Announces Tax Breaks And Subsidies To Boost Employment, Agriculture As Growth Slows

China Announces Tax Breaks And Subsidies To Boost Employment, Agriculture As Growth Slows

SHANGHAI — The Chinese government on Friday announced tax breaks and other measures aimed at creating jobs and promoting entrepreneurship, as the country seeks to boost economic growth, which slowed to 7 percent in the first quarter of 2015, its slowest rate in six years.

A circular published by China’s cabinet, the State Council, on Friday — the country’s Labor Day holiday — acknowledged that China faced “pressure in creating more jobs.” It said the nation needed to implement “more pro-active employment policies,” according to the official Xinhua news agency. The circular said the government should encourage “mass entrepreneurship and startups, so as to foster a new engine of economic growth.” Separately, the Communist Party’s ruling Politburo also called on Friday for increased public spending and further tax cuts, though it did not go into detail.

Competition for International Travel is on the Rise

Competition for International Travel is on the Rise

The U.S. has begun implementing several measures to enhance the international traveler’s arrival experience at American airports. The goal is to attract some 100 million international visitors and billions of dollars each year to the United States by 2021.

International visitors have led the recent tourism records set across South Florida, accounting for nearly three-quarters of all tourism dollars that are spent in the region. To make their arrival easier and more pleasant, the White House has asked for more automated passport control kiosks at busy international airports, elimination of paper customs forms, new technology for passport and customs information to be entered on mobile devices, and more.

Over the last five years, the number of annual international visitors to the U.S. has increased by 19 million – many of those arriving at South Florida’s major airports. As a result, the White

House’s list includes Miami International Airport, one of the nation’s busiest international gateways, and Fort Lauderdale-Hollywood International Airport, which has seen a big increase in international flights.

With an eye toward upscale international guests, CEO & Chairman of Turnberry Jeffrey Soffer has guided major enhancements at both Fontainebleau and Turnberry Isle aimed at enriching guest experiences so both properties remain in-demand resorts. As a result, Fontainebleau Miami

Beach and Turnberry Isle Miami are attractive destinations for many discerning international travelers.

In a joint letter, Department of Commerce Secretary Penny Pritzker and Department of

Homeland Security Secretary Jeb Johnson said other countries will be competing fiercely for tourists and: “First impressions matter. When overseas travelers arrive at our airports, it is important that they have a positive experience” (read more).

Following strong bookings for Turnberry Associates’ Fontainebleau Miami Beach and Turnberry

Isle Miami during Art Basel and the Miami Beach Wine and Food Festival, an influx of international tourists can be expected to boost occupancy even further.