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Aethon Energy will acquire Tellurian's upstream assets for $260 million and purchase two million tons per annum (mtpa) of liquefied natural gas (LNG) from its Driftwood LNG plant, the companies said on Wednesday.
HOUSTON & DALLAS--(BUSINESS WIRE)---- $TELL #LNG--Tellurian and Aethon sign HOA for 2 mtpa of Driftwood LNG and agreement for sale of upstream assets.
Tellurian (TELL) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
Tellurian could be close to selling its upstream production business. The LNG project developer could also soon secure another commercial contract for Driftwood.
Tellurian Inc. (TELL) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.05 per share a year ago.
U.S. liquefied natural gas (LNG) developer Tellurian Inc. has sent home more than a dozen workers from its upstream gas production business, according to three people familiar with the matter.
Top executives of U.S. liquefied natural gas developer Tellurian Inc could earn tens of millions of dollars if its proposed Driftwood LNG plant gets a green light, or if company is sold, a proxy filing released on Thursday showed.
Today's CPI report came in hotter than expected. In response, long-term interest rates rose to their highs for the year.
Tellurian's new CEO since December has already resigned. The Company appears unable to find customers or new financing for its under-construction Driftwood LNG plant.
Williams looked into acquiring LNG developer Tellurian. It passed on the opportunity because it believes the Driftwood LNG project is too risky.