Venezuela’s financial troubles impact Texas and U.S.

Venezuela’s Financial Troubles Impact Texas and U.S.

EisnerAmper

The political turmoil in Venezuela has huge implications internationally, especially for Texas and the United States. Petroleos de Venezuela (PDVSA), the nationally owned energy company, currently owns three refineries in the U.S. – located in Corpus Christi, Lake Charles, La. and Lemont, Ill. – that refine 749,000 barrels of oil…

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Alex Mills is the former President of the Texas Alliance of Energy Producers. The Alliance is the largest state oil and gas associations in the nation with more than 3,000 members in 305 cities and 28 states.

 

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Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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