Finance News

Talos Energy Inc (NYSE: TALO) has announced full year 2020 operating and financial guidance. The Company also announced that it expects to close the previously announced acquisition of affiliates of ILX Holdings, among other entities (the "Acquired Assets", the "Acquisition", or the "Transaction"), on February 28, 2020.

MacArtney’s 2018/19 financials demonstrate a growing top and bottom line with increased activity in key underwater technology industries. With a continued presence in Oil & Gas, Ocean Science, Defence, Civil Engineering and a renewed strategy for Offshore Renewable Energy, MacArtney are increasing revenue today while supporting the development of tomorrow.

Natural gas production from Indonesia’s legacy fields supplying major liquefied natural gas (LNG) plants is declining through 2030. Gas supply may pick up from 2026 but this depends on the progression of two announced mega natural gas and LNG projects – Gendalo-Gehem and Abadi, says GlobalData, a leading data and analytics company.

Recent discoveries in the Guyana-Suriname basin have proven a wider petroleum system and may cause an upgrade in resource estimates, drawing extra attention to upcoming wells. Meanwhile global oil firms are preparing to spend more than $53 billion in Guyana’s coveted Stabroek Block during the coming decade, Rystad Energy research shows.

Aker BP has entered into an agreement with PGNiG Upstream Norway AS to swap its 3.3 percent interest in the non-operated Gina Krog field and an 11.9175 percent interest in license 127C, in exchange for a 5 percent interest and operatorship in license 838 and a cash consideration.

Oil production estimated at 1.2 million barrels per day by 2030, Guyana’s total annual oil revenues could approach $30 billion within 10 years, according to fresh research by Rystad Energy.

Global demand for liquefied natural gas (LNG) grew by 12.5% to 359 million tonnes in 2019, according to Shell’s latest annual LNG Outlook published today – a significant increase that bolsters LNG’s growing role in the transition to a lower-carbon energy system.

Brazil’s natural gas demand is set to climb to a record in 2020‒2021 at 39 billion cubic meters (bcm) per year, giving the country one of its biggest demand-supply deficits in history. After that, however, surging production could make the country a net gas exporter from as early as 2025, a Rystad Energy analysis showed.

Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) will host its first-ever analyst and investor event on Thursday, March 12, 2020 at 2:00 PM Eastern Time, during which members of Talos's management team will discuss the Company's strategic and execution milestones, assets, portfolio and future outlook for the business, among other topics.

ICR Integrity (ICR), a leading global provider of integrated maintenance and integrity solutions to the oil and gas, power, chemical and defence industries, has posted its annual results (year ending May 2019) reporting revenue of £31m representing a 12% increase on the prior year. Underlying earnings before interest, taxes and amortization (EBITDA) was £8.8m (FY18 £8.7m) after £1.1m opex investment in global operations.

Fugro is pleased with today’s press release from HC2 Holdings, Inc. (HC2), announcing the sale of Global Marine Group (GMG). Through its ownership of 23.6% in GMG, Fugro will monetize the remainder of its non-core interest in GMG, which is expected to result in proceeds for Fugro of close to USD 40 million.

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