Talos Energy to Name Paul Goodfellow their New CEO 

Talos Energy, the fifth-largest oil and natural gas producer in the USA, is about to appoint its new CEO. According to Mint and its sources, the company is expected to name veteran Shell executive Paul Goodfellow as its next CEO. The sources say Goodfellow, the chief internal auditor at Shell, will be appointed as soon as this week, but nothing can be said for certain. 

Goodfellow will be replacing Tim Duncan, the founder and long-time CEO of Talos Energy, who abruptly left the company after helping it become the 5th largest oil and natural gas producer in the US during his 12-year stint as the CEO of the company. 

A Shell veteran, Goodfellow has been in the company for almost 34 years and has held numerous roles at the energy giant, which is the largest operator in the Gulf of Mexico. During his 34-year stint in the energy giant, he has served as the executive vice president for deep-water operations and as the chairman of Shell Midstream Partners. 

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Duncan established Talos in 2012 with financial support from private equity firms Apollo Global Management and Riverstone Holdings, which collectively invested $600 million into the company.

In 2018, the oil producer became publicly traded by merging with offshore operator Stone Energy through a reverse merger. As per its latest quarterly earnings report, Talos averaged a daily output of 96,500 barrels of oil equivalent during the third quarter.