Welcome to our dedicated page for Tellurian news (Ticker: TELL), a resource for investors and traders seeking the latest updates and insights on Tellurian stock.
Tellurian Inc. (TELL) is a U.S.-based independent oil and gas exploration and production company dedicated to revolutionizing the natural gas market. Headquartered in Houston, Texas, Tellurian Inc. is focused on creating a robust portfolio of natural gas production, LNG (Liquefied Natural Gas) marketing, and infrastructure assets that position it as a leader in the energy sector.
The company's flagship project, Driftwood LNG, aims to produce approximately 27.6 million tonnes per annum (mtpa) of LNG, making it a significant player in meeting global energy demands. Tellurian's operations are divided into three primary segments:
- Upstream: Responsible for the exploration and production of natural gas.
- Midstream: Focuses on the transportation and storage infrastructure necessary to support LNG production and distribution.
- Marketing & Trading: This segment handles the purchasing and selling of natural gas, oversees the marketing of Driftwood LNG’s production capacity, and manages the trading of LNG cargoes globally.
Under the leadership of industry veterans Charif Souki, Martin Houston, and Meg Gentle, Tellurian Inc. has made significant strides in developing new markets and fostering strategic partnerships. The company prioritizes sustainability and ethics, emphasizing honesty, integrity, accountability, and respect in all its operations. By listening to the needs of its global customers, investors, and employees, Tellurian aims to deliver clean, low-cost, flexible, and reliable energy solutions that contribute to improved air quality and environmental standards.
Tellurian's commitment to innovation and entrepreneurial culture ensures it remains at the forefront of global thought leadership in the energy industry. The company's approach not only creates value but also delivers significant benefits to its stakeholders by paving the way for a cleaner and more sustainable energy future.
Recent news highlights the company's ongoing developments and achievements in the LNG sector:
- Expansion of the Driftwood LNG project.
- New strategic partnerships with global energy firms.
- Successful trading of LNG cargoes in emerging markets.
- Environmental initiatives to reduce carbon footprint.
- Updates on financial performance and market outlook.
Tellurian Inc. (TELL) reported nearly
Tellurian Inc. has issued a limited notice to proceed to Bechtel Energy Inc. to commence construction of phase one of the Driftwood LNG terminal in Lake Charles, Louisiana. The terminal aims to enhance energy security and is expected to start delivering liquefied natural gas (LNG) in 2026. Currently, detailed engineering is approximately 30% complete, and major equipment orders are progressing. The facility is designed for an export capacity of up to 11 million tonnes per annum. Tellurian is focused on creating a low-cost global natural gas business.
Tellurian Inc. (NYSE American: TELL) reported over $300 million in liquidity and $360 million in discounted future net cash flows from proved natural gas reserves at the end of 2021. Key milestones include completing liquefied natural gas (LNG) sales agreements for 9 mtpa, initiating the Driftwood LNG financing process, and drilling four new wells, boosting proved reserves by 51 Bcf. The company ended 2021 with $305.5 million in cash but reported a net loss of $114.7 million, or $0.28 per share.
Tellurian Inc. has appointed Claire R. Harvey as an independent Board member, enhancing its leadership team with her vast energy investment expertise. Harvey has a notable background, having founded ARM Resource Partners and previously led Gryphon Oil and Gas. Executive Chairman Charif Souki expressed confidence in her ability to support the company as it moves forward with the financing of the Driftwood LNG project, with construction scheduled to commence in early 2022. Tellurian aims to develop a low-cost global natural gas business, including a significant LNG export facility.
Tellurian Inc. has successfully completed an underwritten public offering of $50 million in 8.25% senior notes due 2028, netting approximately $47.1 million after fees. The company has also granted underwriters a 30-day option to purchase an additional $7.5 million in notes. The funds will be used for general corporate purposes, including potential upstream asset acquisitions. The offering received a BBB+ investment grade rating from Egan-Jones Ratings Company.
Tellurian has priced a public offering of $50 million in 8.25% senior notes due 2028. There is also a 30-day option for underwriters to purchase an additional $7.5 million in senior notes. The proceeds will be used for general corporate purposes, including potential acquisitions of upstream assets. The offering is expected to close around November 10, 2021, pending customary closing conditions. B. Riley Securities, Ladenburg Thalmann, and William Blair are joint book-running managers for this offering.
Tellurian Inc. (NYSE American: TELL) is set to offer 8.25% senior notes due 2028 in an underwritten public offering, with a possible 30-day option for underwriters to purchase additional notes. The proceeds will be utilized for general corporate purposes, including potential acquisitions. B. Riley Securities, Ladenburg Thalmann, and William Blair are leading this offering. The company’s registration statement with the SEC is effective, though completion timelines and details remain uncertain.
Tellurian Inc. (TELL) finalized sales agreements for three million tonnes per annum (mtpa) from Driftwood LNG's capacity and raised approximately
Tellurian Inc. is transitioning its stock listing from Nasdaq Capital Market to NYSE American, effective November 2, 2021, maintaining the ticker symbol 'TELL'. Executive Chairman Charif Souki highlighted the necessity for enhanced liquefaction export capacity amid global natural gas shortages. The company is preparing for the construction phase of the Driftwood LNG project with its partner Bechtel, aiming to enhance its operations in the natural gas industry. Tellurian is focused on building a low-cost, global natural gas business to increase shareholder value.
FAQ
What is the current stock price of Tellurian (TELL)?
What is the market cap of Tellurian (TELL)?
What does Tellurian Inc. do?
What is Driftwood LNG?
Who are the key leaders at Tellurian Inc.?
How is Tellurian Inc. structured?
What is the focus of Tellurian's Upstream segment?
What does the Midstream segment do?
What is Tellurian's approach to sustainability?
How does Tellurian Inc. contribute to global thought leadership?
What recent achievements has Tellurian made?
How does Tellurian Inc. ensure ethical operations?
