US GoM decarbonisation: a basin with nine lives, is CCS a tenth? Report

Insight 24 October 2022

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Report summary

Carbon capture and storage (CCS) will be instrumental to help the US reach its greenhouse gas emission reduction targets. The Gulf Coast and US GoM regions which are no stranger to reinvention will be influential to reach this target. There are multiple sources of carbon emissions and corporations are gearing up for the challenge. Companies like Chevron, ExxonMobil, and Talos Energy are stepping up as the early innovators in GoM CCS. Now, can they execute in time? Our analysis focuses on a few of the many technical and regulatory components that will need to be sorted before the US GoM can become the next large-scale sequestration hub.

Executive summary
- Why CCS, why here, and why now
- Diverging corporate strategies
What are the GoM innovators up to?
- Talos Energy
- ExxonMobil
- Repsol and Carbon-Zero
- Occidental
- Others
- What needs to be done
- Market
- Regulatory
- Workforce
- The CO 2 highway
- Subsurface
Renaissance is progressing forward