Talos Energy, Inc. - TALO STOCK NEWS

Talos Energy (TALO) announced a memorandum of understanding (MOU) to expand its joint venture with Carbonvert and Chevron for the Bayou Bend carbon capture and sequestration (CCS) project offshore Jefferson County, Texas. The Bayou Bend CCS site, covering 40,000 acres, could sequester 225 to 275 million metric tons of CO2. The partnership will see 25% equity for both Talos and Carbonvert, and 50% for Chevron, with Talos remaining the operator. This initiative aims to reduce regional carbon emissions and promote decarbonization, subject to regulatory approvals.

Chevron, Talos Energy, and Carbonvert have signed a memorandum of understanding (MOU) to expand their joint venture on the Bayou Bend CCS project in Texas. This hub aims to sequester up to 275 million metric tons of CO₂. Chevron will hold a 50% equity stake, with Talos and Carbonvert each holding 25%. The joint venture is positioned as a significant step in the development of offshore carbon capture and storage in the U.S., following the initial 2021 lease win.

On April 12, 2022, Talos Energy (NYSE: TALO) announced that CEO Timothy S. Duncan will engage in a one-on-one fireside chat with Jeff Robertson of Water Tower Research. The session is scheduled for April 14, 2022, at 9:00 AM CT and will focus on Talos's strategic direction, capital allocation for 2022, and their expanding carbon capture and sequestration business. The chat will last about an hour and is open for registration to all interested parties.

To register, investors can visit this link.

Talos Energy Inc. (NYSE: TALO) will release its first quarter 2022 financial results on May 4, 2022, after the U.S. market closes. A conference call to discuss these results will take place on May 5, 2022, at 10:00 AM ET. Investors can access the call via the company's website or by telephone. Talos Energy, a leading independent producer in the Gulf of Mexico, is focused on maximizing long-term value through efficient operations in oil and gas exploration and production. The company is also exploring carbon capture opportunities to reduce emissions.

Talos Energy (NYSE: TALO) will hold its inaugural analyst and investor day on May 24, 2022, at 2:00 PM Eastern Time. The management team will discuss strategic milestones, portfolio assets, and future business outlook. Institutional investors and analysts interested in attending should contact Rose & Company. A live webcast along with presentation materials will be available on the Company’s website, with a replay option afterwards. Talos operates in the U.S. and offshore Mexico, focusing on oil and gas exploration and carbon capture initiatives.

On March 28, 2022, Talos Energy (NYSE: TALO) announced the final Unitization Resolution from Mexico's Ministry of Energy regarding the Zama field's development, appointing Pemex as the operator. Talos retains a 17.35% interest and plans to submit a Unit Development Plan within 6-12 months, leading to a Final Investment Decision (FID) anticipated in 2023. The Zama field holds recoverable resources estimated at 735-950 million barrels, with potential production exceeding 160,000 barrels daily. Talos has invested $104 million since 2015, maintaining its 2022 capital expenditure guidance.

Core Laboratories N.V. (CLB) and Talos Energy Inc. (TALO) have formed a strategic alliance focused on carbon capture and sequestration (CCS) technologies. This collaboration aims to leverage Core Lab's reservoir optimization expertise and Talos's subsurface characterization skills to evaluate CCS sites effectively. The companies will utilize advanced reservoir characterization techniques, promoting transparency in CO₂ monitoring. Talos is also a member of Core Lab's CCS consortium to address challenges in subsurface CO₂ storage. Their combined efforts are positioned to enhance CCS solutions and contribute to climate initiatives.

Talos Energy announced the execution of lease documentation with the Texas General Land Office for the Bayou Bend carbon capture and sequestration (CCS) site, covering over 40,000 acres offshore Jefferson County, Texas. This site has a CO₂ sequestration capacity of 225-275 million metric tons. Additionally, Talos established a strategic alliance with Core Laboratories for technical evaluation and assurance services related to CCS. Talos aims to scale its CCS platform under its subsidiary, Talos Low Carbon Solutions, enhancing its position in the growing carbon management sector.

Talos Energy (NYSE: TALO) has partnered with Howard Energy Partners to explore carbon capture and sequestration (CCS) at the Port of Corpus Christi. The agreement covers approximately 13,000 acres, aiming to sequester 1.0 to 1.5 million metric tons of CO₂ annually. The project could scale to capture 6 to 10 million metric tons based on market demand. This initiative aims to provide a comprehensive CCS solution to over 200 Port customers, enhancing environmental stewardship and reducing carbon emissions in the region.