Carbon capture and storage technology (CCS) has been around for decades. But widespread adoption has remained elusive. However, companies and policy are taking a renewed look at CCS as part of global commitments to reduce carbon emissions.
Dramatic increases in the use of the technology will be required to keep the world on track to meet its climate targets.
Talos Energy, a Texas-based oil and gas exploration and production company is applying its expertise in conventional geology and offshore energy operations in order to position itself for carbon capture and storage business opportunities. Last August, for instance, it was deemed winner and operator of the first and only large-scale offshore carbon storage lease in the United States.
In this interview, Ash Shepherd, Director of Business Development Carbon Capture and Storage at Talos Energy, discusses the challenges and opportunities for CCS and what he sees as the tipping point for the technology to become economic to apply to a broader range of emissions.
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