Talos Energy attracts investors

Private equity firms Apollo Global Management and Riverstone Holdings said yesterday they will back a new company that will invest in oil and gas opportunities in the US Gulf Coast and Gulf of Mexico regions. The private equity firms said in a statement that they will invest up to $600m (£378m) in Talos Energy, backing a management team that has worked with Riverstone previously. The Talos management team's previous company Phoenix Exploration was sold to Apache Corp last year for an undisclosed sum.