Houston-based Talos Energy Inc., a major explorer in the Gulf of Mexico (GOM), expects to garner “several favorable provisions” from the Democrats’ Inflation Reduction Act (IRA), which would benefit the upstream business and the low-carbon ventures underway, CEO Timothy S. Duncan said.

The independent issued its 2Q2022 results earlier this month, followed by a conference call helmed by Duncan. The quarterly results preceded the IRA’s passage through Congress and President Biden’s signature. However, Duncan was optimistic during the call about the benefits for Talos, both for the upstream business and the broad sweep of proposed carbon capture and sequestration (CCS) proposals for the Gulf Coast.

“We have always believed maintaining offshore leasing in the Gulf of...