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Stock impact report

New Tech Drives Renaissance in Offshore Drilling [Yahoo! Finance]

Talos Energy, Inc. (TALO) 
Last talos energy, inc. earnings: 3/11 06:00 pm Check Earnings Report
Company Research Source: Yahoo! Finance
And it's not a moment too soon, as many analysts believe shale is nearing its peak. Also, with the energy transition not going as fast as hoped, some new oil and gas supply would come in quite handy. Earlier this year, the U.S. Energy Information Administration said that it expected crude oil output from Gulf of Mexico fields to rise from the current 1.8 million barrels daily to 2.4 million barrels daily as early as 2027. “We believe that offshore production will play an increasingly larger role in filling the global energy demand,” the chief executive of Talos Energy, Paul Goodfellow, said a few months ago during a conference call. “Questions are starting to arise about the continued long-term economic viability of onshore basins... At the same time, technological advancements have unlocked significant deepwater reserves,” he elaborated. These technological advancements concern many aspects of offshore drilling, but one has been called a breakthrough: drilling in ultra-high pre Show less Read more
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