Talos Energy Inc. TALO signed a letter of intent with Freeport LNG Development LP to develop a carbon capture and sequestration ("CCS") project on the Gulf Coast.Known as the Freeport LNG CCS project ("FLNG CCS"), the facility will be developed beside Freeport LNG's natural gas pre-treatment facilities along the Gulf Coast. The proposed facility would capture and store carbon emissions from Freeport LNG's liquefaction and export facility near Freeport, Texas.Beside this, the project site is situated near major industrial facilities, which can provide up to an additional 15 million metric tons per annum (mpta) of carbon dioxide (CO2) emissions. This offers further scope for development.Freeport LNG's liquefaction facility produces 90% less emissions as it uses electric motors instead of gas turbines to drive the liquefaction compressors on its trains. The development of the CCS project will reduce the amount of carbon emissions produced from the facility.Talos Energy will serve as the manager and operator of the project for 30 years along with partner Storegga. Storegga and Talos Energy formed a partnership that leverages their expertise for the rapid and profitable delivery of CCS clusters in the Gulf Coast region.The FLNG CCS project, which is expected to start up by 2024 end, follows several major developments in the companies' CCS portfolio. It is expected to be the first of such projects from the Talos Energy-Storegga partnership to serve Gulf Coast industrial facilities and significantly contribute to a carbon-neutral future in the United States.Oil and gas companies are getting actively involved in CCS-related projects as the same offers a transition pathway for the rapid and effective reduction of CO2 emissions beyond what can be achieved by alternative methods like electrification and renewable fuels. Talos Energy aims to become a leader in Gulf Coast CCS opportunities by leveraging its expertise in offshore drilling and production to its carbon management goals.Company Profile & Price PerformanceHeadquartered in Houston, TX, Talos Energy is a leading upstream company that engages in the exploration, development, and production of oil and gas properties.Shares of the company have underperformed the industry in the past three months. The stock has gained 17.4% compared with the industry's 40.9% growth. Image Source: Zacks Investment Research Zacks Rank & Stocks to ConsiderThe company currently has a Zack Rank #3 (Hold).Investors interested in the energy sector might look at the following stocks that presently carry a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.Petrobras S.A. PBR: Petroleo Brasileiro or Petrobras is one of the largest publicly-traded Latin American oil companies, which dominates Brazil's oil and gas sector. PBR produces most of Brazil's crude oil and natural gas and accounts for almost the entire refining capacity of the country. Petrobras is currently valued at $67.4 billion.In the past year, shares of Petrobras have gained 19.5% against the industry's 3.1% decline. PBRis expected to see earnings growth of 579.1% in 2021. PBR currently has a Zacks Style Score of A for both Value and Growth. In the third quarter of 2021, Petrobras generated a positive free cash flow for the 26th consecutive quarter, with the metric coming at $9,019 million, rising from $7,468 million recorded in last year's corresponding period.Exxon Mobil Corporation XOM: ExxonMobil's bellwether status in the energy space, optimal integrated capital structure and management's track record of capex discipline across the commodity price cycle make it a relatively lower-risk energy sector play. ExxonMobil plays an important role in meeting society's need for energy, while committing to make efforts to mitigate the risk of climate change.In the past year, shares of ExxonMobilhave surged 82.6% compared with the Zacks Oil and Gas Integrated Industry's growth of 55.2%. XOM's earnings for 2021 are expected to surge 1,636.4% year over year. ExxonMobilrecently announced its fourth-quarter dividend at 88 cents per share, reflecting an increase from 87 cents in the previous quarter. Looking at the dividend history, it has been clear that XOM is strongly focused on returning capital to shareholders. Since more than 39 consecutive years, the energy firm has hiked its annual dividend payment.Continental Resources, Inc. CLR: Oklahoma City, OK-based Continental Resources is an explorer and producer of oil and natural gas. CLR operates resources across the East, South and North areas in the United States. Continental Resources' strategic water assets add huge value to its operations in Bakken and Oklahoma. As of Dec 31, 2020, CLR's estimated proved reserves were 1,103.8 MMBoe.In the past year, shares of Continental Resources' have surged 203.8% compared with the industry's growth of 141.7%. CLR's earnings for 2021 are expected to surge 486.3% year over year. CLR currently has a Zacks Style Score of A for Growth, and B for Value and Momentum. Notably, CLR's board of directors increased its quarterly dividend payment to 20 cents per share from 15 cents in the previous quarter. Continental Resources also resumed its existing stock repurchase program. CLR already executed $65 million of share repurchases in the September-end quarter, while $618 million of the share-repurchase capacity remains available. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Exxon Mobil Corporation (XOM): Free Stock Analysis Report Petroleo Brasileiro S.A. Petrobras (PBR): Free Stock Analysis Report Continental Resources, Inc. (CLR): Free Stock Analysis Report Talos Energy Inc. (TALO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research