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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Talos Energy Inc | NYSE:TALO | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.77 | -5.49% | 13.25 | 13.88 | 13.16 | 13.88 | 1,216,037 | 23:39:39 |
From Apr 2023 to Apr 2024
By Dominic Chopping
Equinor said it has acquired a 25% stake in Bayou Bend CCS, a carbon capture and storage project on the Texas Gulf coast.
The project's location will provide a potential decarbonization option for industries such as refining, cement, steel, chemicals, and manufacturing and supports Equinor's ambition to mature and develop 15-30 million metric tons of carbon dioxide transport and storage capacity a year by 2035, it said.
Equinor has acquired its 25% share through the purchase of Texas Carbon 1, a subsidiary of carbon capture and storage project development and finance company Carbonvert. Chevron is the operator of the project with a 50% interest, and Talos Energy holds 25%.
Financial terms weren't disclosed.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
August 28, 2023 08:17 ET (12:17 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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