Save for later Print Download Share LinkedIn Twitter Spanish major Repsol is teaming up with Louisiana-based Cox Oil to explore the development of carbon capture and sequestration (CCS) projects on the US Gulf Coast. The agreement calls on Cox subsidiary Carbon-Zero US and Repsol to first focus on capturing and storing carbon emissions in Louisiana, where the US independent has existing operations in the shallow waters of the US Gulf of Mexico. The news came one day after Exxon Mobil ponied up $14.9 million in high bids for close to 100 shallow-water blocks in the US Gulf. The region remains a “prime location for offshore carbon capture projects, with some of the nation's highest concentrations of power generation, industrial and petrochemical facilities,” Repsol and Cox said in a joint release.
