Talos

Talos Expanding Deepwater GOM Holdings with $1.29B Takeover of QuarterNorth

Talos Expanding Deepwater GOM Holdings with $1.29B Takeover of QuarterNorth

Houston-based Talos Energy Inc. is snapping up QuarterNorth Energy Inc., a privately held U.S. deepwater explorer in the Gulf of Mexico (GOM), as it doubles down to expand its “operational breadth and production profile,” CEO Timothy Duncan said. The $1.29 billion cash-and-stock definitive agreement, announced on Monday, would increase Talos output for 2024 by about…

January 16, 2024
Talos Ramps Up Lime Rock, Venice Liquids-Rich Wells in Deepwater GOM

Talos Ramps Up Lime Rock, Venice Liquids-Rich Wells in Deepwater GOM

While working toward first injections at a carbon dioxide storage site to serve Freeport LNG, Houston-based Talos Energy Inc. said it has begun flowing production from two deepwater wells in the U.S. Gulf of Mexico (GOM). One year after discovering hydrocarbons, the Lime Rock and Venice wells were “brought safely online in late December 2023,” …

January 10, 2024
Talos Strikes Oil, Natural Gas from Two Discoveries in Deepwater GOM

Talos Strikes Oil, Natural Gas from Two Discoveries in Deepwater GOM

Houston-based Talos Energy Inc. has unearthed oil and natural gas at two U.S. prospects in the deepwater Gulf of Mexico (GOM).  The Lime Rock and Venice prospects “both successfully discovered commercial quantities” during sequential drilling operations in the final three months of last year, management said.  Talos holds a 60% working interest in the two…

January 11, 2023
Talos Expanding Deepwater GOM Reach with EnVen

Talos Expanding Deepwater GOM Reach with EnVen

Talos Energy Inc. plans to acquire privately held deepwater Gulf of Mexico (GOM) operator EnVen Energy Corp. in a $1.1 billion deal, the Houston-based independent said. The acquisition, slated to close by the end of the year would expand the company’s production by 40% and gross acreage by 35%. The buy would give Talos another…

September 29, 2022
Talos CEO Touts IRA Legislation’s Positives to Advance CCS, Upstream Oil and Gas

Talos CEO Touts IRA Legislation’s Positives to Advance CCS, Upstream Oil and Gas

Houston-based Talos Energy Inc., a major explorer in the Gulf of Mexico (GOM), expects to garner “several favorable provisions” from the Democrats’ Inflation Reduction Act (IRA), which would benefit the upstream business and the low-carbon ventures underway, CEO Timothy S. Duncan said. The independent issued its 2Q2022 results earlier this month, followed by a conference…

August 16, 2022
Mexico’s AMLO Meets With U.S. Energy Companies, Says LNG Projects Advancing

Mexico’s AMLO Meets With U.S. Energy Companies, Says LNG Projects Advancing

Mexico President Andrés Manuel López Obrador last week touted progress on numerous private and public sector energy projects under development in the country. On Thursday, the administration concluded meetings with 16 U.S. energy companies to discuss “matters of electricity as well as oil and gas,” the president told reporters during his morning press conference.  Among…

June 8, 2022
Talos, Carbonvert Bring Chevron Aboard to Propel CCUS Project Offshore Texas

Talos, Carbonvert Bring Chevron Aboard to Propel CCUS Project Offshore Texas

Talos Energy Inc. and Carbonvert Inc. are in talks with Chevron Corp. to join them in advancing a carbon capture hub southeast of Houston near the massive petrochemical complex. Houston-based Talos, whose upstream exploration is focused in the Gulf of Mexico, is developing several carbon capture, sequestration and utilization (CCUS) projects for the Gulf Coast.…

May 10, 2022
Talos, Freeport LNG Advancing CCS Project on Upper Texas Coast

Talos, Freeport LNG Advancing CCS Project on Upper Texas Coast

Houston-based Talos Energy Inc., which is expanding its scope beyond exploration and production to carbon capture and storage (CCS), has a preliminary agreement with Freeport LNG Development LP to sequester emissions on the Upper Texas coast. Reducing the carbon intensity of liquefied natural gas (LNG) exports has become paramount for U.S. operators in the broad…

November 16, 2021
Talos Allies with TechnipFMC to Expand Gulf Coast CCS Strategy

Talos Allies with TechnipFMC to Expand Gulf Coast CCS Strategy

Talos Energy Inc. has clinched another long-term strategic alliance, this time with TechnipFMC, to advance potential carbon capture and storage (CCS) projects on the Gulf Coast.  The new tie-up looks to combine the “operational strength and subsurface expertise” of Houston-based Talos with “TechnipFMC’s extended history in subsea engineering, system integration and automation and control.”  Talos’…

October 26, 2021
Talos Working with Authorities to ID Owner of Leaking GOM Oil Pipeline

Talos Working with Authorities to ID Owner of Leaking GOM Oil Pipeline

Talos Energy Inc. is working with state and federal authorities to identify the owner of an oil pipeline that appears to be leaking in Louisiana state waters. The Houston-based independent exploration and production (E&P) company on Tuesday said it continued to lead the efforts to contain and control the oil release, which likely occurred following…

September 8, 2021
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