Talos Energy, an oil and gas company, agreed to acquire QuarterNorth, an oil and gas company, for $1.29bn. “Today’s announcement marks one of Talos’s most significant milestones as we build a large-scale offshore exploration and production company. The addition of QuarterNorth’s overlapping deepwater portfolio with valuable operated infrastructure will increase Talos’s operational breadth and production profile while enhancing our margins and cash flow,“ Timothy S. Duncan, Talos President and CEO.