Total + Tellurian to develop integrated gas project together Total (ticker: TOT) is acquiring approximately 23% of Tellurian Investments, an early stage U.S. LNG export project that was founded by former Cheniere Energy (ticker: LNG) CEO Charif Souki and former BG COO Martin Houston. The transaction is at $5.85 per share for an amount of $207 million. Driftwood LNG is Tellurian’s planned LNG
Tellurian+Magellan merger is expected to close Q4 On October 11, Magellan Petroleum (ticker: MPET) filed an S-3 Registration Statement with the SEC paving the way to sell up to $500 million in common stock, warrants and units, the proceeds to be used for general corporate purposes for the company which is moving toward LNG development. Magellan’s previously announced reverse merger
M&A activity down in terms of volume, but Shell-BG megadeal pushes overall dollar value up The second quarter of 2015 showed the largest amount of activity in mergers and acquisitions (M&A) in the oil and gas sector by value since the fourth quarter of 2012, reports the Energy Information Administration (EIA). $115 billion of M&A activity was reported in Q2,
Shell/BG will not be the harbinger of more LNG M&A The recent proposed $70 billion purchase of BG Group (ticker: BG) by Royal Dutch Shell (ticker: RDSA) will make the industry’s liquefied natural gas giant even bigger. Shell already had liquefaction capacity of 26 million tons per annum (mtpa) at year-end 2014, according to a report from Pavel Molchanov at
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