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Talos Energy

All articles tagged with #talos energy

business-and-energy2 years ago•2 min saved

"Talos Energy's $1.29B Acquisition Expands Gulf of Mexico Holdings"

Talos Energy, a New York-listed company, has agreed to acquire QuarterNorth Energy for $1.29 billion, expanding its deep-water asset base in the Gulf of Mexico. The deal, expected to close by the end of the first quarter of 2024, will be paid for with 24.8 million shares of Talos's common stock and approximately $965 million in cash. The acquisition is anticipated to add approximately 30,000 barrels of oil equivalent per day to Talos's production in 2024 and is described as immediately accretive to Talos shareholders. This move aligns with Talos's strategy of leveraging existing infrastructure and complementary acreage to accelerate shareholder value creation.

via Upstream Online|

#acquisition #business-and-energy #gulf-of-mexico

environment2 years ago•1 min saved

"Unprecedented Gulf of Mexico Oil Spill Threatens Houston Companies and Wildlife"

Offshore oil production in the Gulf of Mexico has been halted by a major oil spill, which is being described as the worst since the Deepwater Horizon disaster in 2010. The spill, caused by a subsea pipeline rupture, has resulted in the release of approximately 26,000 barrels of oil into the Gulf of Mexico near Louisiana. Companies such as Occidental, W&T Offshore, and Talos Energy have been forced to shut down about 62,000 barrels of daily oil production. The incident is under investigation, and production will remain halted until the source of the leak is identified and repairs are made. If confirmed, the spill would rank as the 11th largest oil spill in U.S. history.

via OilPrice.com|

#environment #gulf-of-mexico #occidental