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. (NASDAQ: TELL) announced its subsidiary Driftwood Pipeline LLC has filed an application with FERC for the construction of a 37-mile interstate pipeline. This dual 42-inch pipeline aims to connect natural gas supply to demand in the Lake Charles area, reducing transportation complexity. The project proposes to cut carbon emissions by over 99% through electric-driven compression, leading to a significant reduction in greenhouse gas emissions. Tellurian's strategy includes various environmental initiatives, advancing cleaner energy solutions while expanding its natural gas business.
Tellurian Inc. (NASDAQ: TELL) has secured a liquefied natural gas (LNG) sales and purchase agreement (SPA) with Vitol Inc. for three million tonnes per annum, valued at approximately $12 billion over ten years. This agreement is based on the Japan Korea Marker (JKM) and the Dutch Title Transfer Facility (TTF) prices, minus transportation charges. Tellurian's CEO highlighted the growing demand for reliable energy and the success in finalizing the SPA with a leading energy trader. This marks a significant step in Tellurian's LNG marketing strategy, contributing to its overall revenue goals.
Tellurian (NASDAQ: TELL) has entered into a liquefied natural gas (LNG) sales and purchase agreement with Gunvor for 3 million tonnes per annum over ten years. The agreement's revenues are projected at approximately $12 billion, linked to the Japan Korea Marker and Dutch Title Transfer Facility indices. Tellurian's Driftwood LNG facility, with a capacity of 27.6 mtpa, is located near Lake Charles, Louisiana. The company aims to build a low-cost, global natural gas business.
Tellurian Inc. (NASDAQ: TELL) announced that Executive Chairman Charif Souki will engage in a Fireside Chat during the Citi 2021 Global Energy & Utilities Virtual Conference on May 12, 2021, at 12:50 p.m. Eastern Time. The event will be accessible via a live webcast at a direct link. Tellurian is focused on building a low-cost global natural gas business and developing an LNG export facility.
Tellurian (NASDAQ: TELL) focuses on building its integrated global natural gas business while reducing debt. Following a $17 million voluntary debt repayment in April 2021, the company eliminated all borrowing obligations. As of March 31, 2021, Tellurian produced 3.3 Bcf of natural gas and reported $8.7 million in revenue, ending the quarter with $58.7 million in cash. Despite a net loss of $27 million for the quarter, CEO Octávio Simões expressed optimism about expanding their drilling program in the Haynesville Shale.
Cushing Asset Management and Swank Capital announced a change to The Cushing® 30 MLP Index. Following a merger agreement between Enable Midstream Partners (ENBL) and Energy Transfer (ET), ENBL common units will cease trading by May 10, 2021. A majority of ENBL unitholders have approved the merger. Consequently, Tellurian Inc (TELL) will replace ENBL in the Index after market close on May 7, 2021. The Index tracks 30 midstream energy companies, calculated by S&P Dow Jones Indices.
Tellurian Inc. (NASDAQ: TELL) has fully repaid its 2019 Term Loan, making a voluntary prepayment of approximately $38 million, thus reducing its outstanding debt to around $21 million. President and CEO Octávio Simões highlighted the company’s commitment to deleverage the balance sheet and anticipates paying off the remaining debt using cash flows and cash reserves. Tellurian aims to build a low-cost natural gas business, developing an LNG export facility and related infrastructure to add shareholder value.
Tellurian Inc. (NASDAQ: TELL) reported a substantial net loss of approximately $210.7 million for the fiscal year ended December 31, 2020, impacted by an $81.1 million non-cash impairment charge. Despite this, the company emphasized its strong liquidity position with $78.3 million in cash and a focus on expense and debt reduction. Production increased to 16.9 billion cubic feet (Bcf) of natural gas, up from 13.9 Bcf in 2019. Tellurian is advancing its integrated LNG operations and aims to capitalize on growing natural gas demand globally.
Tellurian Inc. (NASDAQ: TELL) has announced a voluntary principal prepayment of $43 million on its 2018 Term Loan, funded by cash and its subsidiary, Tellurian Production Holdings LLC. This move is expected to save approximately $2.4 million in interest for 2021. Additionally, the company repaid $13.6 million to other creditors, totaling a $57 million debt reduction. After this prepayment, Tellurian maintains around $80 million in unrestricted cash and $25 million in borrowings due in 2021. CEO Octávio Simões emphasized the company's focus on debt reduction and its strategic positioning in the LNG market.
Tellurian Inc. has appointed Octávio Simões as President and CEO, enhancing its leadership team. Simões previously served at Sempra LNG & Midstream, overseeing significant LNG projects. The company also welcomed Jonathan Gross and Jean Abiteboul as independent Board members, both bringing extensive knowledge in LNG and upstream sectors. With this new leadership, Tellurian aims to advance its Driftwood LNG project, contributing to the U.S. liquefaction capacity. Former CEO Meg Gentle is leaving the company, marking a significant leadership change.
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?
