Talos, Carbonvert and Chevron to form a joint venture.

Talos, a technically driven independent exploration and production company, Carbonvert, a carbon capture and storage project development and finance company, and Chevron, an integrated energy company, to form a joint venture, to enhance offshore Jefferson County Texas. Financial terms were not disclosed. "Since our establishment of Chevron New Energies, we have been consistent in our communication that partnerships will be required to grow successful lower carbon businesses. This venture is an example of the potential that partnering can have in moving large-scale lower carbon projects forward. Talos and Carbonvert have worked to rapidly advance this project, and as a priority project for Chevron in a key industrial area, we are excited to contribute our experience and capability to develop the leading offshore carbon sequestration hub for the region," Chris Powers, Chevron Vice President.