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Talos and Storegga in US Gulf Coast CCS joint venture

Region’s industrial base sits adjacent to large natural carbon storage province located offshore in shallow waters

US independent oil and gas company Talos Energy has formed an exclusive joint venture with UK-based carbon capture and storage (CCS) specialist Storegga to source and develop CCS projects on the US Gulf Coast and Gulf of Mexico. Under the agreement, Talos— one of the leading independents in the US Gulf—will be the operating partner and costs will be shared 50/50 in the initial phases of development. As projects mature, there will be the possibility to bring in additional partners, the two companies say. “The Gulf Coast is a prime location for offshore carbon capture projects” Talos, Storegga The Gulf Coast is a prime location for offshore CCS projects, with some of America’s h

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