Woodside Energy Group, the Australian energy powerhouse, has officially closed its $1.2 billion acquisition of US-based Tellurian Inc. and its major Gulf Coast liquefied natural gas (LNG) project, Driftwood LNG. The deal, announced earlier in July 2024, concluded with an all-cash transaction amounting to approximately $900 million, alongside assumed debt, valuing the total enterprise at […]
Tellurian Inc., a U.S.-based liquefied natural gas (LNG) developer, has secured a significant step towards its financial stability, as shareholders voted in favor of a $1.2 billion acquisition by Australian energy conglomerate Woodside Energy Group. This strategic acquisition includes Tellurian’s flagship Gulf Coast Driftwood LNG export project, which is poised to become a cornerstone asset […]
Tellurian Inc. (NYSE American: TELL) has received an extension from the U.S. Federal Energy Regulatory Commission (FERC) for the construction of its Driftwood LNG project located near Lake Charles, Louisiana. The extension, announced recently, sets a new deadline for the completion of construction by April 18, 2029. This development is a significant step for Tellurian, […]
Tellurian Inc. (NYSE American: TELL), a notable player in the global natural gas market, has announced a strategic shift by engaging its financial advisor, Lazard, to explore potential opportunities for selling its upstream business. This move aligns with Tellurian’s ongoing commercialization efforts for the Driftwood LNG project and reflects a strategic reassessment of its assets […]
Tellurian Inc. (NYSE American: TELL) and Baker Hughes (NASDAQ: BKR) have announced a pivotal agreement to supply key equipment for Phase 1 of the Driftwood LNG project. The deal includes the delivery of eight main refrigerant compression packages, featuring LM6000PF+ gas turbines, main refrigerant compressors, and control units. This significant partnership strengthens Driftwood’s ability to […]
Petronet LNG Limited India and its affiliates will negotiate the purchase of up to five million tons per annum (5 mtpa) of liquefied natural gas (LNG) from Driftwood LNG export terminal following a memorandum of understanding (MOU) with Tellurian. For the supply of 5 mtpa of LNG a year for more than 40 years, Petronet […]