(Offshore staff, 12.Mar.2024) — The Zama offshore oilfield development project operated by state company Pemex has been “delayed for the right reasons,” according to Talos Energy Chief Executive Tim Duncan. Duncan said that the delay will allow needed changes to the engineering design that will enable the project to move […]
Tag: Talos Energy Inc.
Talos Announces Strategic $1.3bn Acquisition of QuarterNorth
(Talos, 15.Jan.2024) — Talos Energy Inc. (NYSE: TALO) announced the execution of definitive agreements to acquire QuarterNorth Energy Inc. for $1.29bn (the “Transaction”). QuarterNorth is a privately-held U.S. Gulf of Mexico exploration and production company with ownership in several prolific offshore fields. QuarterNorth’s assets will provide additional scale from high […]
Talos Energy Completes Mexico Transaction with Grupo Carso
(Talos, 27.Sep.2023) — Talos Energy Inc. (NYSE: TALO) and its Mexican subsidiary Talos Mexico announced the closing of the sale of a 49.9% interest in Talos Mexico to Zamajal, S. A. de C.V., a wholly-owned subsidiary of Grupo Carso, a company controlled by the family of the Mexican billionaire Carlos […]
EAI’s NRGBriefs: May 2023
(Energy Analytics Institute, 31.May.2023) — Energy briefs as well as others related to finance and politics during May 2023 including Venezuela planning to issue a license next month to Eni SpA and Repsol SA to export natural gas, Petrobras receiving an arbitration award that fully rejected the claims made by […]
Talos Energy announces Mexico transaction, including stake in Zama
MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 25.May.2023, Words: 337) — Talos Energy Inc. announced that Zamajal, S. A. de C.V., a wholly owned subsidiary of Grupo Carso, agreed to acquire a 49.9% interest in Talos’s Mexican subsidiary (Talos Mexico), which holds the company’s 17.4% interest in Zama. Carso […]
Talos Energy Completes Acquisition of EnVen Energy Corporation
(Talos, 13.Feb.2023) — Talos Energy Inc. (NYSE: TALO) announced the completion of its previously announced acquisition of EnVen Energy Corporation. The company expects to provide 2023 financial and operational guidance for the combined company to investors concurrently with the fourth quarter and full year 2022 earnings press release to be issued on Tuesday, […]
Talos, Carbonvert and Chevron Propose JV to Enhance a CCS Project
(Talos, 3.May.2022) — Talos Energy Inc. (NYSE: TALO), through its Talos Low Carbon Solutions division, Carbonvert, Inc. and Chevron U.S.A., Inc., through its Chevron New Energies division, announced a memorandum of understanding (MOU) for an expanded joint venture to develop the Bayou Bend CCS offshore carbon capture and sequestration (CCS) hub […]
NRGBriefs: Trinidad’s Fuel Subsidy; Citgo Giusti Departure; “Almost Out of the Faja”
(Energy Analytics Institute, 12.Apr.2022) — Energy briefs including Trinidad and Tobago’s Finance Minister Colm Imbert commented 12 Apr. 2022 on Twitter about the twin-island country’s fuel subsidy; NewGold announcing plans to release its 1Q:22 financial results; Citgo Petroleum confirming the departure of Luis Giusti Lugo from its Board of Directors; […]
Talos Wins Bid For Carbon Capture And Storage Site
(Talos, 25.Aug.2021) — Talos Energy Inc. (NYSE: TALO), along with its partner Carbonvert, Inc., was the sole winning bidder partnership for the Texas General Land Office’s (GLO) Jefferson County, Texas carbon storage site (the “Project Site”) located near Beaumont and Port Arthur, Texas. Following finalization of lease documentation, the award […]
Talos Updates On Recent Drilling
(Talos, 26.Jul.2021) — Talos Energy Inc. (NYSE: TALO) announced preliminary production estimates for the second quarter of 2021, successful first production from the company’s Tornado Attic well and successful drilling of the company’s Crown and Anchor well. Talos estimates that average daily production for the second quarter of 2021 was […]
Talos Energy Provides Update On Zama
(Talos Energy, 5.Jul.2021) — Talos Energy Inc. (NYSE: TALO) provided an update regarding operatorship for the company’s Zama asset in offshore Mexico. On 2 July 2021, Talos was notified by Mexico’s Ministry of Energy (SENER) it had designated PetrĂłleos Mexicanos (Pemex) as the operator of the Zama unit, just three […]
Talos Energy Updates On ESG Initiatives Before Releasing ESG Report
(Talos Energy, 27.May.2021) — Talos Energy Inc. (NYSE: TALO) provided an update on its ongoing Environmental, Social and Governance (ESG) initiatives. The company further strengthened its ESG commitments with the establishment of long-term emissions reductions targets and further linked executive compensation to ESG performance. Additionally, the company provided select 2020 […]
Talos Energy Announces 1Q:21 Results
(Talos Energy, 5.May.2021) — Talos Energy Inc. (NYSE: TALO) announced its operational and financial results for the first quarter of 2021. Key Highlights: Successful high-impact sub-salt Miocene deepwater exploration discovery at Puma West, located approximately 15 miles from the prolific Mad Dog field.Successful multi-well drilling program at Green Canyon 18 […]
Talos Reports Good Results At Puma West
(Talos, 13.Apr.2021) — Talos Energy Inc., along with affiliates of bp plc and Chevron U.S.A. Inc. (collectively, the “Co-Owners”) today announced successful drilling results from the Puma West exploration project located in the U.S. Gulf of Mexico Green Canyon Block 821. The Puma West well was drilled to a total […]
AMLO’s Nationalism Casts Energy Projects Into Limbo
(Bloomberg, 22.Dec.2020) — Mexican President Andres Manuel Lopez Obrador’s hardball tactics against foreign energy companies are halting projects and reversing a process that until recently made the country one of the world’s hottest oil and renewable markets. About 200 wind farms, natural gas plants, solar arrays and other projects have […]
Talos Reveals Proposed $400mn Notes Offering
(Talos, 14.Dec.2020) — Talos Energy Inc. announced that Talos Production Inc., a wholly owned subsidiary of Talos Energy, has commenced an offering of $400mn in aggregate principal amount of new Second-Priority Senior Secured Notes due 2026 (the “new notes”). The company intends to use the net proceeds from the Offering […]
Talos Apparent High Bidder On Federal Lease Sale Blocks
(Talos, 20.Nov.2020) — Talos Energy Inc. is the apparent high bidder on two deepwater blocks in the recent Outer Continental Shelf (“OCS”) Federal Lease Sale 256, held on 18 November 2020. Talos placed a sole bid on Viosca Knoll 1000 as well as a joint bid with an affiliate of […]
Talos Energy Provides Operational Results
(Talos, 4.Nov.2020) — Talos Energy Inc. announced its financial and operational results for the third quarter of 2020. Key Highlights: — Production of 48.6 thousand barrels of oil equivalent per day (MBoe/d), of which 67% was oil and 74% was liquids. Production for the quarter was significantly impacted by deferrals […]
Sener Authorizes Unification Of Zama Shared Deposit
(Energy Analytics Institute, 8.Jul.2020) — Mexico’s Energy Secretary (Sener) instructed the unification of a shared reservoir between the Zama field discovered through Contract CNH-R01-L01-A7 / 2015 by Talos Energy Offshore and Assignment AE-0152-Uchukil which is under ownership by Mexico’s state oil company Petroleos Mexicanos (Pemex). In compliance with Article 42 […]
Talos To Announce 2Q:20 Results, Host Conference Call
(Talos, 7.Jul.2020) — Talos Energy Inc. will release second quarter 2020 results for the period ended June 30, 2020 on Wednesday, August 5, 2020 after the U.S. financial market closes. In addition to this release, Talos Energy will host a conference call, which will be broadcast live over the internet, […]
Talos Energy Conference Call And Webcast Information
(Talos, 8.May.2019) — Talos Energy Inc. will host a conference call, which will also be broadcast live over the internet, on Thursday, May 9, 2019 at 10:00 am Eastern Time (9:00 am Central Time). Listeners can access the conference call live over the internet through a webcast link on the […]
Talos Energy Reports 1Q:19 Financial, Ops Results On Mexico And US
(Talos, 8.May.2019) — Talos Energy Inc. today announced its financial and operational results for the first quarter of 2019 and an operations update. Key highlights include: — Production of 42.0 thousand barrels of oil equivalent per day (“MBoe/d”), or 3.8 million barrels of oil equivalent (“MMBoe”) in total, 70% of […]
Talos Energy To Announce 1Q:19 Results May 8, 2019
(Talos, 23.Apr.2019) — Talos Energy Inc. intends to release first quarter 2019 results for the period ended March 31, 2019 on Wednesday, May 8, 2019 after the U.S. financial market closes. In addition to this release, Talos Energy will host a conference call, which will be broadcast live over the […]
McDermott Awarded Services Contract By Talos Energy
(McDermott, 15.Nov.2018) — McDermott International, Inc. announced a contract award for concept and engineering services for Talos Energy Inc. for the Zama field development project – the first offshore Mexico block awarded to a private operator. The contract award is for engineering services, including concept selection and follow-on pre-FEED. McDermott […]
Talos Updates On Pre-Unitization Agreement With Pemex
(Talos Energy Inc., 5.Nov.2018) — Talos Energy Inc. and its partners in Block 7 offshore Mexico signed a Pre-Unitization Agreement (PUA) with Pemex that enables information sharing related to the Zama discovery and its potential extension into Pemex’s neighboring block. The agreement also establishes a clear path for the signing […]
Talos Energy, Pan American Ink Deal To Cross-Assign Interests In Mexico
(Talos Energy Inc., 5.Nov.2018) — Talos Energy Inc. entered into a transaction with, Hokchi Energy, S.A. de C.V., a subsidiary of Pan American Energy, to cross-assign its Participating Interest (PI) in Block 2 and Pan American’s PI in Block 31, both in the Sureste Basin offshore Mexico. Under the agreed […]