Woodside completes $900 million acquisition of Tellurian, Driftwood LNG mission


(WO) — Woodside has finalized the acquisition of Tellurian Inc. and its U.S. Gulf Coast Driftwood LNG improvement for roughly $900 million in money, or $1.00 per share, with an implied enterprise worth of $1.2 billion.


The Driftwood LNG mission has been renamed Woodside Louisiana LNG. Positioned in Calcasieu Parish, Louisiana, it’s a pre-final funding determination (FID) LNG manufacturing and export terminal with a complete permitted capability of 27.6 million tonnes every year.

Woodside CEO Meg O’Neill highlighted the acquisition as a significant development step that considerably expands Woodside’s U.S. LNG portfolio. “This can be a main development alternative that allows us to raised serve world prospects and seize additional advertising and marketing optimization alternatives throughout each the Atlantic and Pacific Basins,” she stated.

Woodside goals for FID readiness by the primary quarter of 2025. The mission has made appreciable progress, with engineering design full and civil works properly superior.

O’Neill added that Woodside is exploring partnerships, as a number of events have proven curiosity in coming into the mission as strategic companions.





Source link

Related articles

Asia FX weakens, greenback close to 4-mth excessive as Trump commerce persists By Investing.com

Investing.com-- Most Asian currencies weakened on Tuesday, whereas the greenback traded close to a four-month excessive as merchants remained largely biased in direction of sectors anticipated to profit from a second Donald Trump...

Australian October enterprise confidence 5 vs. prior -2

Nationwide Australia Financial institution month-to-month survey of enterprise, for October 2024Enterprise Confidence +5, highest in almost two yearsEnterprise Situations +7--A number of the sub indexes:gross sales +1 to +13 (a powerful studying)profitability regular...

Seize experiences Q3 income up 17% YoY to $716M, vs $700.8M est., a $15M revenue, and raises its forecast for fiscal 2024 income; GRAB...

Zaheer Kachwala / Reuters: Seize experiences Q3 income up 17% YoY to $716M, vs $700.8M est., a $15M revenue, and raises its forecast for fiscal 2024 income; GRAB jumps 10%+ after hours  — ...

3 Meme Shares to Watch in November 2024

Identical to in 2016 and 2020, memetic warfare was a serious contributor to US presidential elections in 2024. After it was pretty sure former President Trump secured his 2nd time period, his son...

Plains All American Pipeline: Outcomes Okay, Firm Ought to Be A Good Revenue Supply (PAA)

This text was written byObserveEnergy Hedge has been masking each conventional and renewable power since 2010. He targets primarily worldwide firms of all sizes that maintain a aggressive benefit and pay dividends with...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com