Tellurian | Jotup

Tellurian Board of Directors names Daniel Belhumeur as President, Meredith Mouer as General Counsel and Chief Compliance Officer

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月曜日, 12月 11, 2023

Energy, Utilities, Oil, Gas, Vice, Andrews Kurth, NYSE, EnQuest, General counsel, BG Group, Public Interest Declassification Board, Driftwood, BUPA, Cheniere Energy, Severn Trent, Inc., Tellurian Inc, Management, Tellurian

Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) announced today 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 Officer of Tellurian.

Key Points:

Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) announced today 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 Officer of Tellurian.
Chief Executive Officer Octávio Simões said, “This is an important moment for Tellurian as we navigate several key initiatives.
Mr. Belhumeur has served as the General Counsel of Tellurian since February 2017 and as Chief Compliance Officer since March 2017.
Prior to joining Tellurian, he served as Vice President, Tax and General Tax Counsel, Tax Director and Domestic Tax Counsel at Cheniere Energy, Inc.
Ms. Mouer has served as Deputy General Counsel since February 2017, and was formerly a partner at Andrews Kurth LLP.

Martin Houston Becomes Chairman of Tellurian Inc.

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金曜日, 12月 8, 2023

Energy, Utilities, Oil, Gas, NYSE, Inc., Tellurian Inc, Entrepreneurship, Management, Insurance, Tellurian

Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) announced today that its Board of Directors has named Martin Houston, Co-Founder and Vice Chairman, to be Chairman of the Board of Directors.

Key Points:

Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) announced today 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.
Mr. Souki remains a member of the Board of Directors.
These changes are not the result of any material or unexpected financial events.

Tellurian and Baker Hughes Announce Agreement for Driftwood LNG Phase 1 Liquefaction Equipment

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水曜日, 9月 6, 2023

Machinery, Energy, Manufacturing, Oil, Gas, Tellurian Inc, Inc., ICL, Driftwood, Multimedia, Natural gas, NYSE, Tellurian, LNG

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.

Key Points:

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 required for Phase 1, supporting Driftwood’s ability to achieve initial liquefied natural gas (LNG) production in 2027.
Tellurian President and CEO Octávio Simões said, “Bechtel has done a tremendous job preparing the site and has already completed the piling and compressor foundations for Plant 1 of Driftwood LNG.
This agreement with Baker Hughes firms up our plans to secure the critical technology for Driftwood Phase 1.

Tellurian Reports Fourfold Increase in Natural Gas Production In 2022

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水曜日, 2月 22, 2023

Professional Services, Environmental, Social and Governance (ESG), Environment, Oil, Gas, Sustainability, Energy, Environmental Health, NYSE, Natural gas, Carbon, Inc., Tellurian Inc, Tellurian

Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) ended the fourth quarter of 2022 with the first phase of Driftwood LNG under construction, and $474.2 million of cash and cash equivalents.

Key Points:

Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) ended the fourth quarter of 2022 with the first phase of Driftwood LNG under construction, and $474.2 million of cash and cash equivalents.
Tellurian also increased natural gas production fourfold to approximately 225 million cubic feet per day (MMcfd) in the fourth quarter of 2022 as compared to approximately 55 MMcfd in the fourth quarter of 2021.
We have also significantly increased our natural gas production and reduced carbon impact through nature-based solutions.
At the same time, we are diligent in our search to secure a financing package to support long-term returns for shareholders.”

Tellurian Reports 25% Increase in Natural Gas Production for Third Quarter 2022

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水曜日, 11月 2, 2022

Tellurian ended the third quarter of 2022 with approximately $1.4 billion in total assets, including approximately $607.5 million of cash and cash equivalents.

Key Points:

Tellurian ended the third quarter of 2022 with approximately $1.4 billion in total assets, including approximately $607.5 million of cash and cash equivalents.
Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide.
Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline.
Tellurian will post a video by Executive Chairman Charif Souki on its website at www.tellurianinc.com/news-and-presentations at 10 am Central on November 2, 2022.

Tellurian updates financing process for Driftwood LNG

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金曜日, 9月 23, 2022

Tellurian Inc. (Tellurian) (NYSE American: TELL) announced today that it has updated its Driftwood LNG financing strategy to prioritize securing equity partners.

Key Points:

Tellurian Inc. (Tellurian) (NYSE American: TELL) announced today that it has updated its Driftwood LNG financing strategy to prioritize securing equity partners.
In addition, we will add to our value when our fully permitted Driftwood LNG project is completed, and we can reach the global markets with LNG sales at global prices.
Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline.
Forward-looking statements herein relate to, among other things, the capacity, timing, and other aspects of the Driftwood LNG project, the construction and financing of the project, and cash flows, production, sales, profitability and asset values.

Tellurian Announces Withdrawal of Public Offering of Senior Secured Notes

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月曜日, 9月 19, 2022

Maritime, Other Energy, Utilities, Transport, Oil, Gas, Energy, Tellurian Inc, Company, SEC, Marketing, Inc., Review, NYSE, Private Securities Litigation Reform Act, Forward-looking statement, Security (finance), Tellurian, LNG

Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) today announced that, due to uncertain conditions in the high-yield market, it has withdrawn its proposed public offering of units consisting of 11.25% senior secured notes due 2027 and warrants to purchase shares of Tellurian common stock.

Key Points:

Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) today announced that, due to uncertain conditions in the high-yield market, it has withdrawn its proposed public offering of units consisting of 11.25% senior secured notes due 2027 and warrants to purchase shares of Tellurian common stock.
Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline.
Tellurian is based in Houston, Texas, and its common stock is listed on the NYSE American under the symbol TELL.
Forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from the forward-looking statements.

Tellurian Announces Public Offering of Senior Secured Notes

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月曜日, 8月 29, 2022

Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) today announced that it intends to offer and sell units consisting of 11.25% senior secured notes due 2027 ($1,000 principal amount per note) and warrants to purchase shares of Tellurian common stock in an underwritten public offering.

Key Points:

Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) today announced that it intends to offer and sell units consisting of 11.25% senior secured notes due 2027 ($1,000 principal amount per note) and warrants to purchase shares of Tellurian common stock in an underwritten public offering.
There can be no assurance as to whether or when the offering may be completed, or as to the size or terms of the offering.
B. Riley Securities, Inc. is acting as sole bookrunning manager for the offering.
The offering may be made only by means of a prospectus supplement and the accompanying prospectus.

Tellurian reports 47% increase in natural gas production for second quarter 2022

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水曜日, 8月 3, 2022

Oil, Gas, Energy, U.S. Securities and Exchange Commission, Upstream, GAAP, Annual report, NYSE, SEC, Security (finance), Driftwood, Natural gas, Forward-looking statement, Company, Acquisition, Marketing, Tellurian, Haynesville Shale, LNG

Tellurian generated approximately $61.3 million in revenues from natural gas sales, compared to $5.6 million in the second quarter of 2021.

Key Points:

Tellurian generated approximately $61.3 million in revenues from natural gas sales, compared to $5.6 million in the second quarter of 2021.
Tellurian ended its second quarter of 2022 with approximately $823 million of cash and cash equivalents and approximately $1.34 billion in total assets.
Tellurian intends to create value for shareholders by building a low-cost, global natural gas business, profitably delivering natural gas to customers worldwide.
Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline.

Tellurian Reports First Quarter 2022 Results

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水曜日, 5月 4, 2022

Oil, Gas, Energy, U.S. Securities and Exchange Commission, Forward-looking statement, Inc., NYSE, Public expenditure, Hand, Natural gas, Security (finance), Annual report, Marketing, SEC, CEO, Tellurian Inc, LNG, Driftwood, Tellurian

Tellurian Inc. (Tellurian) (NYSE American: TELL) ended the first quarter with nearly $300 million in cash on hand and total assets of more than $700 million.

Key Points:

Tellurian Inc. (Tellurian) (NYSE American: TELL) ended the first quarter with nearly $300 million in cash on hand and total assets of more than $700 million.
During the quarter, Tellurian generated $26 million in revenues from natural gas sales on an increase of production of approximately 24% as compared to the previous quarter.
Tellurian produced 6.1 billion cubic feet (Bcf) of natural gas for the quarter ending March 31, 2022 as compared to 4.9 Bcf for the previous quarter.
Tellurian ended its first quarter of 2022 with approximately $296 million of cash and cash equivalents and approximately $732 million in total assets.