The Port Arthur refinery
Gulf Coast CCUS draws new entrants as projects advance
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
The CCUS industry on the US Gulf Coast is evolving as projects slowly progress and new players move in. Their entry could help spur development of the industry, which is already advanced on the Gulf Coast compared with most other parts of the world, with the exception of the North Sea. One of the most recent examples of a new player moving into Gulf Coast CCUS is that of TotalEnergies. In mid-March, the French major acquired 100% of Talos Low Carbon Solutions (TLCS), a subsidiary of Talos Energy, for $148m including customary reimbursements, adjustments and retention of cash. The acquisition includes Talos’ interests in three CCUS projects along the Gulf Coast—a 25% stake in Bayou Bend, a 65
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