Bayou Bend Collection and Gardens

Equinor third quarter 2023

Retrieved on: 
Friday, October 27, 2023
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Power production from renewable energy sources was 373 GWh in the quarter, up from 294 GWh in the same quarter last year.

Key Points: 
  • Power production from renewable energy sources was 373 GWh in the quarter, up from 294 GWh in the same quarter last year.
  • Equinor maintains a strong financial position with adjusted net debt to capital employed ratio* at negative 22.9% by the end of the third quarter, from negative 35.1% at the end of the second quarter of 2023.
  • The Equinor shares will trade ex-dividend on Oslo Børs and New York Stock Exchange from and including 14 February 2023.
  • The third tranche of the share buy-back programme for 2023 was completed on 20 October 2023 with a total value of up to USD 1.67 billion.

Carbonvert Sells Interest in Bayou Bend CCS Project to Equinor

Retrieved on: 
Monday, August 28, 2023
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Carbonvert Inc., is pleased to announce the sale of 100% of its ownership interest in the Bayou Bend carbon capture and sequestration project (“Bayou Bend”) in Southeast Texas to Equinor.

Key Points: 
  • Carbonvert Inc., is pleased to announce the sale of 100% of its ownership interest in the Bayou Bend carbon capture and sequestration project (“Bayou Bend”) in Southeast Texas to Equinor.
  • Carbonvert is incredibly proud of its foundational role in the origination and early development of the Bayou Bend project.
  • As the first Carbon Capture, Transport, and Storage (“CCS”) project to receive an offshore lease dedicated to CO2 sequestration in the U.S., Bayou Bend has been pivotal in inspiring a new era of CCS projects across the Gulf of Mexico region.
  • Equinor’s acquisition fuels the continued expansion of the CCS sector and enables Carbonvert to scale and develop its expansive CCS project pipeline.

Bayou Bend Expands Carbon Capture Project to Onshore Southeast Texas

Retrieved on: 
Monday, March 6, 2023
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Bayou Bend CCS LLC (“Bayou Bend”), a carbon capture and sequestration project located along the Texas Gulf Coast, announced today an expansion of its carbon dioxide (“CO2”) storage footprint through the acquisition of nearly 100,000 acres onshore in Chambers and Jefferson Counties, Texas.

Key Points: 
  • Bayou Bend CCS LLC (“Bayou Bend”), a carbon capture and sequestration project located along the Texas Gulf Coast, announced today an expansion of its carbon dioxide (“CO2”) storage footprint through the acquisition of nearly 100,000 acres onshore in Chambers and Jefferson Counties, Texas.
  • The increased acreage positions Bayou Bend to be one of the largest carbon storage projects in the United States.
  • View the full release here: https://www.businesswire.com/news/home/20230306005314/en/
    Combined with the previously announced approximately 40,000 acres offshore Beaumont and Port Arthur, Texas, the expanded Bayou Bend project now encompasses nearly 140,000 acres of pore space for permanent CO2 sequestration.
  • Today’s announcement solidifies Bayou Bend’s position as Southeast Texas’s leading carbon sequestration project.”
    Alex Tiller, President and CEO of Carbonvert, said: “Expanding Bayou Bend, alongside our partners Chevron and Talos, is Carbonvert’s next step to enabling critical large-scale carbon removal and reduction projects.

Bayou Bend Expands Carbon Capture Project to Onshore Southeast Texas

Retrieved on: 
Monday, March 6, 2023
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HOUSTON, March 6, 2023 /PRNewswire/ -- Bayou Bend CCS LLC ("Bayou Bend"), a carbon capture and sequestration project located along the Texas Gulf Coast, announced today an expansion of its carbon dioxide ("CO2") storage footprint through the acquisition of nearly 100,000 acres onshore in Chambers and Jefferson Counties, Texas.

Key Points: 
  • HOUSTON, March 6, 2023 /PRNewswire/ -- Bayou Bend CCS LLC ("Bayou Bend"), a carbon capture and sequestration project located along the Texas Gulf Coast, announced today an expansion of its carbon dioxide ("CO2") storage footprint through the acquisition of nearly 100,000 acres onshore in Chambers and Jefferson Counties, Texas.
  • The increased acreage positions Bayou Bend to be one of the largest carbon storage projects in the United States.
  • Combined with the previously announced approximately 40,000 acres offshore Beaumont and Port Arthur, Texas, the expanded Bayou Bend project now encompasses nearly 140,000 acres of pore space for permanent CO2 sequestration.
  • Robin Fielder, Executive Vice President – Low Carbon Strategy and Chief Sustainability Officer of Talos, said: "We are excited about Bayou Bend and building the best regional carbon sequestration hub with the right storage infrastructure adjacent to two major Southeast Texas industrial corridors.

Chevron, Talos and Carbonvert announce closing of previously announced joint venture expansion of the Bayou Bend CCS project offshore Jefferson County, Texas

Retrieved on: 
Tuesday, May 24, 2022
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Equity interests in the joint venture are now 25 percent Talos, 25 percent Carbonvert, and 50 percent Chevron, and Talos is the operator.

Key Points: 
  • Equity interests in the joint venture are now 25 percent Talos, 25 percent Carbonvert, and 50 percent Chevron, and Talos is the operator.
  • We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world.
  • Carbonvert Inc. is a carbon capture and storage project development and finance company that simplifies decarbonization for industrial clients.
  • Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.

Talos Energy To Host Analyst & Investor Day Today

Retrieved on: 
Tuesday, May 24, 2022
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We caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control.

Key Points: 
  • We caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control.
  • "Risk Factors" of Talos Energy Inc.'s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on February 25, 2022 and Talos Energy Inc's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022, filed with the SEC on May 5, 2022.
  • These estimates are subject to greater uncertainties, and accordingly, are subject to a substantially greater risk of actually being realized.
  • We expect the variability of these items to have a significant, and potentially unpredictable, impact on our future GAAP financial results.

Chevron, Talos and Carbonvert Announce Proposed Joint Venture Expansion to Enhance the Bayou Bend CCS Project Offshore Jefferson County, Texas

Retrieved on: 
Tuesday, May 3, 2022
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In 2021, a joint venture between Talos and Carbonvert (now known as Bayou Bend CCS) was the winning bidder for the Texas General Land Offices (GLO) Jefferson County, Texas, carbon storage lease, located in state waters offshore Beaumont and Port Arthur, Texas.

Key Points: 
  • In 2021, a joint venture between Talos and Carbonvert (now known as Bayou Bend CCS) was the winning bidder for the Texas General Land Offices (GLO) Jefferson County, Texas, carbon storage lease, located in state waters offshore Beaumont and Port Arthur, Texas.
  • The Bayou Bend CCS lease is the first and only offshore lease in the U.S. dedicated to CO2 sequestration.
  • Under the terms of the MOU, Talos and Carbonvert would contribute the Bayou Bend CCS lease to an expanded joint venture including Chevron in exchange for consideration of cash at closing and capital cost carry through project FID.
  • Upon closing of the joint venture, equity interests in the joint venture would be 25 percent Talos, 25 percent Carbonvert and 50 percent Chevron, and Talos would remain the operator.

Talos Energy Announces Formal Execution of Texas GLO Carbon Capture Site Lease and Establishes Strategic Alliance with Core Lab

Retrieved on: 
Wednesday, March 16, 2022
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Talos separately announced that it had established a CCS strategic alliance with Core Laboratories N.V. ("Core Lab") (NYSE: CLB) (Euronext Amsterdam: CLB)to provide technical evaluation and assurance services for CCS subsurface analysis, including the Company's upcoming 2022 stratigraphic evaluation wells.

Key Points: 
  • Talos separately announced that it had established a CCS strategic alliance with Core Laboratories N.V. ("Core Lab") (NYSE: CLB) (Euronext Amsterdam: CLB)to provide technical evaluation and assurance services for CCS subsurface analysis, including the Company's upcoming 2022 stratigraphic evaluation wells.
  • On March 11, 2022, the Venture jointly executed lease documentation with the GLO establishing the first ever major offshore carbon sequestration site in the United States.
  • Our bid for the large-scale permanent sequestration site was selected from a highly competitive process in August last year.
  • Core Lab is a leading global provider of reservoir description and enhancement products and services and currently partners with Talos on numerous upstream subsurface activities.