$TALO

Talos Energy (TALO) expanded its credit agreement to $850M and increased its letter of credit capacity to $300M. The company has seen significant stock performance, with a 90-day return of 27.12% and a year-to-date return of 49.16%. Talos Energy is executing a $100M annual initiative in operational efficiencies, aiming to enhance free cash flow and net margins. Analysts suggest the stock is 14.7% undervalued with a fair value of $19.67.

Shell plc completed the sale of its 50% interest in the Na Kika platform and 100% in the Coulomb tieback in the Gulf of America to Talos Energy and Ridgewood Energy for $840 million. The transaction aligns with Shell's strategy to reshape its Upstream portfolio. The assets were sold for $840 million in cash, adjusted for changes between July 1, 2025, and the closing date.

Shell paused its Aphrodite gas project in Trinidad and Tobago due to unresolved commercial terms, delaying first gas until 2027. Meanwhile, bp agreed to acquire Woodside's stake in the Calypso gas project. In Venezuela, a bp-led partnership secured a license for the Loran Phase 2 gas field. Petrobras and Ecopetrol made a new gas discovery in Colombia. United Oil & Gas is assessing drilling options in Jamaica, and Talos Energy expanded its exploration portfolio in Honduras.

Talos Energy (TALO) appointed retired U.S. Air Force Major General Barbara J. Faulkenberry to its Board. The company projects $2.3b revenue and $63.1m earnings by 2029, with 5.2% yearly revenue growth. Analysts highlight operational and risk oversight as key focuses, while noting potential upside or downside based on execution and market conditions.

Shell completed the sale of Gulf of Mexico assets to Talos Energy and Ridgewood Energy for $840 million. Talos acquired a 50% working interest in Coulomb and a 25% stake in Na Kika. Shell will receive additional payments through 2027. The sale supports Shell's portfolio reshaping strategy, while Talos aims to enhance its offshore portfolio.

Talos Energy, backed by Carlos Slim and Ridgewood, acquired several deepwater assets in the Gulf of Mexico from Shell. The deal expands Talos' offshore oil portfolio.

TALOS ENERGY INC. (TALO) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Exhibit 99.1 Talos Energy Appoints Barbara Faulkenberry to Board of Directors Houston , Texas, September 23, 2026 – Talos Energy Inc. (“Talos” or the “Company”) (NYSE: TALO) today announced the appointment of Barbara J. Faulkenberry, Major General, U.S. Air Force (Retired), to it

Talos Energy (TALO) shares rose 3% after announcing a new board director and benefiting from rising oil prices. The stock closed at $16.97, up 2.5% from the previous day. Talos Energy's shares have seen significant volatility, with 28 moves greater than 5% over the past year. The company's stock is up 50.9% year-to-date.

Talos Energy closed its $420-million acquisition of deepwater assets from Shell, including interests in the Coulomb field and Na Kika platform. The deal adds 23 MMBoe of proved reserves and 10 MMBoe of probable reserves, with first-quarter 2026 production averaging 16 MBoe/d. Talos funded the acquisition through cash and debt, securing $150 million in incremental commitments.

Shell completed the sale of its stake in the Na Kika platform and associated fields to Ridgewood Energy and Talos Energy, receiving $840 million. Shell will receive additional payments and royalties. The deal supports Shell's portfolio reshaping. Na Kika produced 37,000 boe/day in 2025. Shell also acquired stakes in U.S. and Brazil exploration leases from BP, and made other U.S. investments and divestments.