(Reuters, 15.Apr.2025) — Australia’s top gas producer Woodside Energy said it had hired Sarah Bairstow, the chief executive of Mexico Pacific, for its Louisiana liquefied natural gas plant in the United States. Bairstow will join Woodside in early May as senior vice president at Louisiana LNG, said a Woodside spokesperson, confirming […]
Tag: Tellurian Inc.
Woodside Reports 3.6% Rise in Production in 2024 Driven by Sangomar Offshore Senegal
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 22.Jan.2025) — Woodside Energy reported record full-year production of 194 million barrels of oil equivalent or MMboe (530 Mboe/d) in 2024, at the top end of the Australian company’s production guidance range. This is up 3.6% compared to 187 MMboe (513 Mboe/d) […]
Woodside Completes Tellurian Acquisition
(Woodside, 9.Oct.2024) — Woodside has completed the acquisition of Tellurian Inc. and its US Gulf Coast Driftwood LNG development opportunity. Woodside has acquired all issued and outstanding Tellurian common stock for approximately $900mn cash, or $1.00 per share. The implied enterprise value is approximately $1,200mn. (1) Woodside also announced it […]
Tellurian Executives Enter in Separation Agreement
(Energy Analytics Institute, 8.Oct.2024) — On 8 Oct. 2024, Tellurian Inc. completed its previously announced merger with Woodside Energy. On said date, Woodside and Tellurian entered into a separation agreement and general release with: Daniel A. Belhumeur, President, Tellurian, Samik Mukherjee, President, Tellurian Investments, and Simon G. Oxley, Executive Vice […]
Woodside to Acquire Tellurian: Transcript
(Woodside, 22.Jul.2024) — Woodside Energy Group Limited held an investor call to discuss its $900mn all-cash acquisition of Tellurian, Inc., which is developing Driftwood LNG. ____________________
Tellurian to be Acquired by Woodside for Approximately $900mn
(Tellurian, 21.Jul.2024) — Tellurian Inc. has entered into a definitive agreement with subsidiaries of Woodside Energy Group Ltd pursuant to which Woodside will acquire all the outstanding shares of Tellurian for $1.00 per share in an all-cash transaction. “This transaction provides substantial and certain value for our shareholders. Following our […]
Woodside to Acquire Tellurian for $1/share, Create LNG Powerhouse
(Woodside, 22.Jul.2024) — Woodside has entered into a definitive agreement to acquire all issued and outstanding common stock of Tellurian including its owned and operated US Gulf Coast Driftwood LNG development opportunity. The consideration for the transaction is an all-cash payment of approximately $900mn, or $1.00 per share of outstanding Tellurian […]
Tellurian Closes $260mn Asset Sale, Retires Senior Secured Debt
(Tellurian, 1.Jul.2024) — Tellurian Inc. closed the previously reported sale of its integrated upstream assets for $260mn to affiliates of Aethon Energy Management LLC, fulfilling a key objective outlined in May and substantially strengthening its balance sheet as it advances the Driftwood liquefied natural gas (LNG) project. The company utilized […]
Aethon Completes Purchase of Tellurian Upstream, Midstream Assets
(Aethon, 1.Jul.2024) — Aethon Energy Management LLC successfully closed on the acquisition of Tellurian’s integrated upstream assets. Aethon’s footprint across its Fund II and Fund III assets in the Haynesville Shale now includes approximately 375,000 net acres with gathering and treating capacity of over 3 Bcf/d. Concurrent with the acquisition, […]
Tellurian Explores Sale of Haynesville Upstream Assets
(Tellurian, 6.Feb.2024) — Tellurian Inc. (NYSE American: TELL) has asked its financial advisor, Lazard, to explore opportunities for the sale of Tellurian’s upstream business. Chief Executive Officer Octávio Simões said, “As we commercialize Driftwood LNG, Tellurian has been reviewing its strategy, including the dynamics of the U.S. natural gas market […]
![Tellurian to Pay Over $7mn to Departing Souki [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/09/driftwood_map.png)
Tellurian to Pay Over $7mn to Departing Souki [PDF Download]
(Energy Analytics Institute, 20.Dec.2023) — Tellurian Inc., which is developing the Driftwood LNG project in Louisiana, revealed details regarding compensation for Charif Souki. “As previously disclosed, on 8 Dec. 2023 (the “Termination Date”), pursuant to and in accordance with that certain employment agreement entered into as of 1 Oct. 2021 […]
Tellurian BODs names Daniel Belhumeur as President
(Tellurian, 11.Dec.2023) — Tellurian Inc. (NYSE American: TELL) announced that following the appointment of Martin J. Houston as Chairman of the Board, the Board of Directors has named former General Counsel Daniel Belhumeur as President of Tellurian, and former Deputy General Counsel Meredith Mouer as General Counsel and Chief Compliance […]
Martin Houston Becomes Tellurian Chairman [PDF Download]
(Tellurian, 8.Dec.2023) — Tellurian Inc. (NYSE American: TELL) announced that its Board of Directors has named Martin Houston, Co-Founder and Vice Chairman, to be Chairman of the Board of Directors. Co-Founder Charif Souki will no longer serve as an executive or officer of the company or hold any managerial responsibilities. […]
Tellurian Reports Large 3Q:23 Operating Loss [PDF Download]
(Tellurian, 2.Nov.2023) — Tellurian Inc. (NYSE American: TELL) continues to progress the production and sales of natural gas and the financing and construction of its Driftwood project. President and CEO Octávio Simões said, “Tellurian’s upstream segment continues to provide growing natural gas production, improving significantly over the third quarter of […]
Tellurian and Baker Hughes Reveal Deal for Driftwood LNG Phase 1
(Tellurian, 5.Sep.2023) — Tellurian Inc. (NYSE American: TELL) and Baker Hughes (NASDAQ: BKR) announced Wednesday an agreement to supply eight main refrigerant compression packages for Phase 1 of the Driftwood LNG project. The agreement secures a delivery schedule for the eight LM6000PF+ gas turbines, main refrigerant compressors, and control units […]
Tellurian Reports Weak 1Q:23 Financial Results [PDF Download]
(Tellurian, 3.May.2023) — Tellurian Inc. (NYSE American: TELL) continued making progress on Driftwood LNG phase one construction, added to natural gas acreage, production and sales, and repaid $166.7mn in principal balance of borrowing obligations in the first quarter 2023. Subsequent to the quarter end, Tellurian also advanced Driftwood project funding […]
Tellurian Enters into Material Definitive Agreement
(Tellurian, 6.Apr.2023) — On 4 April, 2023, Tellurian Inc. entered into a binding letter of intent (the “LOI”) with a New York-based institutional investor with approximately $120bn in assets under management regarding the sale and leaseback of approximately 800 acres of land owned and/or leased by Driftwood LNG LLC, a […]
Tellurian Terminates Two SPAs
(Tellurian, 23.Sep.2022) — Tellurian Inc. (NYSE American: TELL) announced that it has updated its Driftwood LNG financing strategy to prioritize securing equity partners. Part of this strategy includes introducing flexibility in its liquefied natural gas portfolio with the termination of two current sales and purchase agreements. President and CEO Octávio […]
Tellurian Plunges After Axing $1bn Bond for LNG Plant
(Bloomberg, 19.Sep.2022) — Tellurian Inc. withdrew a $1 billion high-yield bond sale, leaving the future of its US natural gas export project in limbo. The stock plunged more than 24%. Citing uncertainty in the junk-bond market, the Houston-based company halted the offering of senior secured notes and warrants on Monday. Tellurian had […]
Tellurian’s Driftwood LNG Begins Construction
(Tellurian, 28.Mar.2022) — Tellurian Inc. (NYSE American: TELL) issued a limited notice to proceed to Bechtel Energy Inc. under its executed Engineering, Procurement and Construction (EPC) contract to begin construction of phase one of the Driftwood LNG terminal, a liquefied natural gas (LNG) export facility near Lake Charles, Louisiana. President […]