US oil and gas mergers and acquisitions continue as Talos Energy agrees $1.29Bln deal for QuarterNorth Energy
Talos Energy, the US oil and gas company, has acquired the operator QuarterNorth Energy in a $1.29 billion cash and stock deal to boost its presence in the Gulf of Mexico in the latest of a long list of US energy industry mergers and acquisitions that included several mega-deals.
TC Energy to appeal lawsuits ruling related to 2016 US Columbia Pipeline acquisition that may cost over $400M
TC Energy, the natural gas pipeline company with assets in the US and Mexico and involved in projects like LNG Canada, expects to appeal court rulings in the US state of Delaware related to the US$13 billion acquisition in 2016 of US Columbia Pipeline Group under TC Energy’s previous name TransCanada Corp.
US shale-gas flows help fill supply gaps at much lower prices as LNG and domestic needs grow
US natural gas flows out of the Appalachian shale-gas basins into the rest of the country have continued to grow and averaged more than 16 billion cubic feet per day last month and proved useful in filling supply gaps as domestic use and LNG exports increase.
US says rising shale-gas output in Appalachia affects regional flows and boosts LNG feed-gas
US natural gas production in the Mid-Atlantic and Ohio region from the Marcellus and Utica shale basins is continuing to grow, resulting in adequate domestic supplies being available in the northern region and feed-gas been transported south for LNG plants on the Gulf Coast.
