Skip to content
  • Home
  • World News
  • Business
  • Aviation
195 news

195News

All the news that's fit to print

  • Home
  • World News
  • Business
  • Aviation
  • Toggle search form
  • FAA Proposes $2.9 Million in Penalties Against Asia Pacific Airlines Aviation
  • Club Rouge Beaverton Now Open
    Club Rouge Beaverton Now Open Business
  • IF YOUR FINANCIAL ADVISOR RECOMMENDED PACIRA BIOSCIENCES INVESTMENTS PLEASE CONTACT KT LAW
    IF YOUR FINANCIAL ADVISOR RECOMMENDED PACIRA BIOSCIENCES INVESTMENTS PLEASE CONTACT KT LAW Business
  • Agency Fast Track Launches The Ultimate SEO Profit Blueprint Training Program
    Agency Fast Track Launches The Ultimate SEO Profit Blueprint Training Program World News
  • B&H Worldwide Spreads Festive Cheer Through The Giving Tree Initiative
    B&H Worldwide Spreads Festive Cheer Through The Giving Tree Initiative World News
  • Key Drivers, Trends, Growth Opportunities, And Forecast 2025-2034
    Key Drivers, Trends, Growth Opportunities, And Forecast 2025-2034 World News
  • Announcing the Release of ‘Unlocking Destiny: The Journey Within’
    Announcing the Release of ‘Unlocking Destiny: The Journey Within’ World News
  • Opportunities and Challenges for Traders in Argentina
    Opportunities and Challenges for Traders in Argentina World News
Gulf of Mexico Carbon Capture and Sequestration Partnership Hub Announces Development of One of the Largest CO2 Offshore Storage Projects

Gulf of Mexico Carbon Capture and Sequestration Partnership Hub Announces Development of One of the Largest CO2 Offshore Storage Projects

Posted on December 20, 2022 By NewsEditor
Gulf of Mexico Carbon Capture and Sequestration Partnership Hub Announces Development of One of the Largest CO2 Offshore Storage ProjectsDALLAS - December 20, 2022 - (Newswire.com)

Carbon-Zero US LLC, Cox Operating LLC, Crescent Midstream and Repsol are pleased to announce a partnership to develop one of the Gulf Coast's largest offshore hubs for the permanent storage of carbon dioxide.

Cox is among the largest owners of energy infrastructure in the offshore Gulf of Mexico and intends to repurpose facilities and equipment to lower the Carbon Capture and Sequestration project's carbon footprint during market-based energy transition. Cox's current leasehold consists of more than 600 wells in 66 offshore fields potentially containing the largest carbon dioxide storage volume owned by a single operator in the Gulf of Mexico.

Crescent Midstream, a Louisiana-based pipeline operator, has extensive onshore and offshore pipeline construction and operations experience in the Gulf of Mexico.

In conjunction with its CCS hub partners, Carbon-Zero recently submitted an application to the Department of Energy for the CarbonSAFE program for a pilot in one of their proposed carbon dioxide sequestration locations. The proposed project accesses offshore storage fields from Crescent and Cox's Grand Isle, Louisiana, facilities.

An initial FEED study has been completed by Crescent Midstream for a 110-mile carbon dioxide pipeline from Geismar to Grand Isle, utilizing existing Crescent pipeline rights of way.

Jerry Ashcroft, CEO of Crescent Midstream, said, "Crescent has the knowledge and experience to create and operate the vital connection between carbon dioxide emitters and sequestration providers. Crescent also has one of the lowest carbon footprints of any oil and gas company and will achieve carbon neutrality at the beginning of 2023."

Brad Cox, Chairman of Cox Operating and Carbon-Zero, said, "We are thrilled to be part of a market-based solution that is leading the way for CCS in the Gulf of Mexico. The way we see it is that CCS equals jobs."

David Ramos, Geological Low Carbon Solutions Director for Repsol, said, "Repsol is committed to advancing low carbon technologies such as carbon capture and storage as a necessary lever for achieving net zero emissions and driving the energy transition to a decarbonized model."

About Cox Operating, LLC
Cox Operating owns and operates assets in the Gulf of Mexico. Since 2004, the company has grown through enhanced development of production and reserves of existing assets along with strategic acquisitions. Cox Operating is active in both the Gulf of Mexico Outer Continental Shelf and in the waters of Louisiana. The company currently operates more than 600 wells from approximately 500 structures over approximately one million acres. These operated assets span from Texas to Florida. Cox is headquartered in Dallas, Texas, with operations in New Orleans, Louisiana, and Houston, Texas.

About Carbon-Zero US LLC
Carbon-Zero US, LLC was formed to accelerate energy transition projects on the Gulf Coast and elsewhere. Carbon-Zero is uniquely positioned with access to one of the largest assemblages of offshore structures, pipelines and leaseholds in the Gulf of Mexico operated by Cox Operating. Carbon-Zero's mission is to collect, transport and permanently sequester carbon dioxide from industrial emitters on the Gulf Coast.

About Crescent Midstream, LLC
Crescent Midstream aims to utilize its significant midstream infrastructure, expansive right-of-way access and operating presence to connect industrial carbon emitters to carbon sequestration sites both onshore and offshore to facilitate CCUS and storage along with enhanced oil recovery ("EOR") to further full development of the reserves that exist in federal waters of the United States. Environmental sustainability is a key pillar of Crescent's corporate strategy and Crescent is committed to leveraging its footprint to reduce greenhouse gas emissions in Louisiana. Crescent Midstream currently moves approximately 25% of the Gulf of Mexico crude oil output onshore, connecting to refineries in Louisiana and Texas.

About Repsol
Repsol is a global multi-energy company that is leading the energy transition with its ambition of achieving zero net emissions by 2050. Present throughout the energy value chain, the company employs 24,000 people worldwide and distributes its products in nearly 100 countries to around 24 million customers. The company is deploying an integrated model of decarbonization that combines all technological solutions to prevent and remove carbon emissions from the atmosphere, including carbon capture and storage, and has set a target to reduce the carbon intensity of its upstream activity by 75% in the period from 2021 to 2025.

Media contacts
Cox Operating, L.L.C.
Vincent Devito
[email protected]
214-420-7710

Carbon-Zero US, LLC
Ken Jackson
[email protected]

Crescent Midstream
985-872-3100
[email protected]


Contact Information:
Crescent Midstream
Crescent Midstream
[email protected]
985-872-3100

Ken Jackson
Carbon-Zero US, LLC
[email protected]

Vincent DeVito
EVP & GC
[email protected]
2144207710
Related Files
carbonzero press release.pdf



Press Release Service by Newswire.com

Original Source: Gulf of Mexico Carbon Capture and Sequestration Partnership Hub Announces Development of One of the Largest CO2 Offshore Storage Projects Gulf of Mexico Carbon Capture and Sequestration Partnership Hub Announces Development of One of the Largest CO2 Offshore Storage Projects
World News

Post navigation

Previous Post: Claritas Selects Stenograph’s MAXScribe and CaseTestify as Their Remote and Hybrid Deposition Solutions
Next Post: Introducing the Team Rethinking Zero Waste at Impact Recycling Partners

Related Posts

  • Pugachev’s interview to Gordon on Putin’s values and personal relations. 2022-09-21 pt2
    Pugachev’s interview to Gordon on Putin’s values and personal relations. 2022-09-21 pt2 World News
  • Meeting of the President’s Interagency Task Force to Monitor and Combat Trafficking in Persons
    Meeting of the President’s Interagency Task Force to Monitor and Combat Trafficking in Persons World News
  • Prism Digital wins website development mandate for Carpe Diem
    Prism Digital wins website development mandate for Carpe Diem World News
  • War Day 92: war diaries w/ Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Фейгин
    War Day 92: war diaries w/ Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Фейгин World News
  • Cority and 3E Partnership Wins Environmental Protection New Product of the Year
    Cority and 3E Partnership Wins Environmental Protection New Product of the Year World News
  • Secretary Antony J. Blinken Opening Remarks Before the House Committee on Foreign Affairs On the FY24 Department of State Budget Request
    Secretary Antony J. Blinken Opening Remarks Before the House Committee on Foreign Affairs On the FY24 Department of State Budget Request World News
June 2025
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30  
« May    
last celebrity gossip
Gossip Stone - celebrity life and gossip

Recent Posts

  • Jerry Brodsky Launches New Construction Law Firm After Decades of Industry-Leading PracticeJune 15, 2025
  • UK Minister for the Indo-Pacific Catherine West MP Visits Shield Works in Zhuhai for High-Level Business RoundtableJune 15, 2025
  • Travis Stovall Launches New Speaker Website to Empower Leaders with Core Values Index InsightsJune 14, 2025
  • A Journey in Precision AutomationJune 14, 2025
  • Copperloy Launches New Shopping Platform to Guide Safer Forklift Ramp PurchasesJune 13, 2025
Brand Values Content
VUGA Enterprises - media network PR & Marketing
  • Global Specialists Unite to Launch Groundbreaking Applied AI and Frontier Technology Water Accelerator Program
    Global Specialists Unite to Launch Groundbreaking Applied AI and Frontier Technology Water Accelerator Program World News
  • Secretary Antony J. Blinken And Indonesian Foreign Minister Retno Marsudi Before Their Meeting
    Secretary Antony J. Blinken And Indonesian Foreign Minister Retno Marsudi Before Their Meeting World News
  • The Mulong by Tiago Russo and Katia Martins Wins Gold in A’ Packaging Design Awards
    The Mulong by Tiago Russo and Katia Martins Wins Gold in A’ Packaging Design Awards World News
  • Spotter Global and CCTV Sweden AB Announce Partnership to Bring Solutions to Customers in Sweden and the Nordic region
    Spotter Global and CCTV Sweden AB Announce Partnership to Bring Solutions to Customers in Sweden and the Nordic region World News
  • privateer station Live Stream
    privateer station Live Stream World News
  • Opeeka Announces Hiring of Ramona Marshall as Chief Operating Officer
    Opeeka Announces Hiring of Ramona Marshall as Chief Operating Officer Business
  • Key Drivers, Trends, Growth Opportunities, And Forecast 2025-2034
    Tech Innovations Boost Maritime Navigation and Safety World News
  • FAA Summer 2023 Operational Summit Readout
    FAA Summer 2023 Operational Summit Readout Aviation
aerospace company
stem cell clinic in kiev
medical spa in miami
Fashion TV free

Copyright © 2023 195 News. All Rights Reserved by Coolaser | Partner of VUGA Enterprises |  Advertising: Get Published

Powered by .