Tellurian – Oil & Gas 360

Woodside completes $900 million acquisition of Tellurian, Driftwood LNG project

October 10, 2024

(World Oil) – Woodside has finalized the acquisition of Tellurian Inc. and its U.S. Gulf Coast Driftwood LNG development for approximately $900 million in cash, or $1.00 per share, with an implied enterprise value of $1.2 billion. The Driftwood LNG project has been renamed Woodside Louisiana LNG. Located in Calcasieu Parish, Louisiana, it is a pre-final investment decision (FID) LNG

Tellurian asks for three-year extension to complete its driftwood LNG facility

October 11, 2023

Oil Price Tellurian has applied for a three-year construction permit extension with the Federal Energy Regulatory Authority to complete the construction of the Driftwood LNG facility. The Driftwood LNG plant, currently under construction, would be one of the biggest in the world, with a capacity of up to 27.6 million tons of liquefied natural gas annually. The price tag of the project is

FERC greenlights Tellurian’s $1.4 billion natural gas pipeline project in Louisiana

April 26, 2023

World Oil (WO) – Tellurian Inc. announced that the U.S. Federal Energy Regulatory Commission (FERC) issued the certificate on April 21, 2023 granting authorization for Driftwood Pipeline, LLC’s Line 200 and Line 300, an approximate $1.4 billion natural gas transmission project proposed to be located in Beauregard and Calcasieu Parishes, Louisiana. The pipelines will have the ability to supply up

Tellurian completes $125 million purchase of Haynesville Basin assets

August 19, 2022

World Oil Tellurian Inc. announced that its subsidiary, Tellurian Production, closed on its previously announced acquisition of $125.5 million worth of assets in the Haynesville shale basin. Tellurian purchased upstream assets from EnSight IV Energy Partners, LLC and EnSight Haynesville Partners, LLC. These will work in conjunction with Tellurian’s pipeline network and the Driftwood LNG terminal, which is west

LNG developer Tellurian reports a full-year loss

February 23, 2022

Oil and Gas HOUSTON, February 23, 2022–(BUSINESS WIRE)–Tellurian Inc. (Tellurian) (NYSE American: TELL) ended 2021 with over $300 million in liquidity and over $360 million in standardized measure of discounted future net cash flows of proved natural gas reserves. Tellurian also continued advancing the Driftwood LNG project in 2021 with the following significant accomplishments: Completed Driftwood LNG phase one liquefied

Tellurian looks to grow U.S. gas output organically and through M&A

June 30, 2021

Reuters U.S. liquefied natural gas (LNG) developer Tellurian Inc wants to grow gas production by adding to its own output and through mergers and acquisitions, the company’s executive chairman Charif Souki said this week. He said this was “a once in a life-time opportunity” for producers to merge or be acquired because they can realize much better revenue by being

Tellurian evaluates changes to Driftwood LNG project, plans shares issue

July 22, 2020

Reuters Tellurian Inc is considering changes to its Driftwood LNG export project in Louisiana that could significantly reduce the overall Phase 1 costs, the U.S. liquefied natural gas producer said on Wednesday. The company also disclosed plans to issue 35 million shares at $1 each, a 37% discount to Tuesday’s close, sending its stock plunging 27%. Shares surged more than

Tellurian rattled as Indian buyer seeks competing deal

February 27, 2020

Houston Chronicle Houston-based Telluraian, along with its $28 billion export project, has been rattled by the attempts of a potential major customer in India to probe the market for competing supplies, highlighting mounting pressure on sellers amid a global glut of the fuel. India’s largest liquefied natural gas buyer, Petronet LNG, has started soliciting offers for supply under terms similar

U.S. LNG developers push forward despite record low prices in Asia

February 14, 2020

Houston Chronicle U.S. liquefied natural gas developers are pushing forward with plans to build new export terminals along the Gulf Coast despite a global supply glut and record low prices in Asia. Over the past year, the U.S. LNG industry has brought four new plants online — raising the number of U.S. export terminals to six with a combined production

Judge dismisses Cheniere lawsuit against former CEO Charif Souki and Tellurian

January 31, 2020

Houston Chronicle A lawsuit between rival liquefied natural gas companies Cheniere Energy and Tellurian has been dismissed just days before jury selection was set to begin. State district court Judge Fredericka Phillips in Houston signed an order Thursday dismissing Cheniere’s claims against its former CEO Charif Souki and Souki’s new company Tellurian. The suit and a related $400 million claim were

Total Invests $500 Million in Tellurian, Enters Into LNG SPA

July 11, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Total commits to purchasing an aggregate of 2.5 Mtpa Total S.A. (stock ticker: TOT), through its subsidiaries Total Delaware and Total Gas & Power North America, has entered into a definitive agreement to purchase 1 Mtpa from Tellurian’s (stock ticker: TELL) Driftwood LNG terminal. Total will also invest $500 million in

United States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting onerous restrictions on companies involved in the Nord Stream 2 - Oil & Gas 360Perry Final Portrait Cropped_0

Two U.S. LNG Projects Take another Step Forward

May 2, 2019

Tellurian’s Driftwood, Sempra’s Port Arthur projects get DOE greenlight to export U.S. LNG to non-FTA nations It’s no small feat to take an LNG exporting business from conceptual idea for a natural gas liquefaction and export facility to the point of loading cargoes, and the Trump administration is taking the concept-to-market process seriously, moving LNG export project approvals ahead at

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