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Talos Energy Inc. (TALO)

NYSE - Nasdaq Real Time Price. Currency in USD
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13.89+0.24 (+1.76%)
As of 12:57PM EDT. Market open.
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  • Zacks

    TotalEnergies (TTE) Advances Its Carbon Capture Initiatives

    TotalEnergies (TTE) is set to acquire Talos' (TALO) carbon capture and sequestration business, Talos Low Carbon Solutions LLC, for a total consideration of $148 million.

  • Reuters

    Talos Energy to sell carbon capture unit to TotalEnergies for $148 mln

    U.S. oil and gas producer Talos Energy said on Monday it will sell its carbon capture and sequestration unit to French firm TotalEnergies for about $148 million. Talos intends to use the proceeds from the sale to immediately repay borrowings under its credit facility and other corporate purposes, it said in a statement. Talos is entitled to additional future cash payments upon achievement of certain milestones or upon a subsequent sale of these projects by TotalEnergies, it said.

  • PR Newswire

    Talos Energy Announces Divestiture of Talos Low Carbon Solutions Subsidiary to TotalEnergies

    Talos Energy Inc. ("Talos") (NYSE: TALO) today announced that it has entered into an agreement for the sale of its wholly owned subsidiary, Talos Low Carbon Solutions LLC ("TLCS"), to TotalEnergies E&P USA, Inc. ("TotalEnergies") for a purchase price of $125 million plus customary reimbursements, adjustments and retention of cash, combined totaling approximately $148 million. The transaction was based on an effective date of January 1, 2024 and will close later today. Talos intends to use the pr