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 and its Driftwood LNG export project move forward Tellurian Investments Inc. announced that GE Oil & Gas has made a $25 million preferred equity investment in Tellurian Investments with an implied Tellurian common stock value of $5.94 per share. Tellurian is in the engineering design and pre-filing stage for a proposed 26 million tonnes per annum Driftwood LNG export
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
Merger with Magellan Delivers Capital Market Access to Tellurian’s Gulf Coast LNG Project Denver’s Magellan Petroleum Corporation (ticker: MPET) has entered into a definitive merger agreement with Tellurian Investments Inc., the recently formed private company founded by ex-Cheniere CEO Charif Souki and ex-BG COO Martin Houston. Tellurian is focused on the development of a mid-scale liquefied natural gas (LNG) facility on
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