Wednesday, November 27, 2024

Selling Equity at $1,500 per Tonne: Tellurian Offers Up Ownership in its Driftwood LNG Project

60%-75% stake in Driftwood Holdings up for grabs, successful sale would raise $25-$31 billion Tellurian is looking to modify its business model, bringing in external investors and customers, according to the company’s latest presentation. Tellurian is a Texas-based LNG export developer, currently working to bring the 27.6 MTPA Driftwood LNG project online. In addition to the facility itself, Tellurian is

U.S. Rig Count Reverses Last Week’s Gains

Only one inland waters rig left Drilling activity in the U.S. decreased this week as rigs continue to seek equilibrium, according to Baker Hughes Weekly Rig Count. A total of four rigs shut down this week, almost entirely reversing the gains established last week. There are now 936 drilling rigs operating in the U.S. Three land-based rigs shut down, leaving