TotalEnergies Holdings USA, Inc. agreed to acquire Talos Low Carbon Solutions LLC from Talos Energy Inc. (NYSE:TALO) for approximately $150 million on January 1, 2024. As a part of consideration, TotalEnergies Holdings USA, Inc. will pay $125 million plus customary reimbursements, adjustments and retention of cash, combined totaling approximately $148 million and Talos may realize additional future cash payments upon achievement of certain milestones at the Harvest Bend or Coastal Bend projects or upon a subsequent sale of these projects by TotalEnergies. Robin Fielder will continue as Vice President, Low Carbon Strategy and Chief Sustainability Officer of Talos Energy Inc. Morgan Stanley & Co.

LLC acted as a financial advisor and Latham & Watkins LLP acted as a legal advisor to Talos Energy Inc. White & Case LLP acted as a legal advisor to Talos Energy Inc. (NYSE:TALO).