One of the key areas for improvement at Ameratex Energy is the transition from the construction phase to an operating asset.

11 Jul

Ameratex Energy Oil and Gas expects to continue providing production updates on a going-forward basis shortly after the end of each fiscal quarter once the majority of quarterly production data becomes available. Ameratex Energy’s significant inventory of non-operated wells, management believes these continued quarterly updates will be an effective way to supplement the annual guidance previously provided.

And on other news, the International Energy Agency (IEA) forecasts that the energy industry will spend nearly US$38 trillion globally on investments for global energy projects through 2035(1), chiefly to maintain existing assets such as pipelines and electric grids and to build new assets.

“Energy companies will need to continue to work diligently to develop talent, increase the labor pool and build skills in project leadership, construction and managing assets in order to overcome some of the key challenges that arise when launching large capital projects,” Ameratex said.

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