50.24$US/1 Barrel
59.20$US/1 Barrel
54.60$US/1 Barrel
74.54$US/1 Barrel
75.61$US/1 Barrel
75.71$US/1 Barrel
77.66$US/1 Barrel
70.63$US/1 Barrel
70.58$US/1 Barrel
69.28$US/1 Barrel
55.29$US/1 Barrel
61.43$US/1 Barrel
55.28$US/1 Barrel
66.43$US/1 Barrel
64.72$US/1 Barrel
60.50$US/1 Barrel
62.00$US/1 Barrel
59.00$US/1 Barrel
64.00$US/1 Barrel
65.50$US/1 Barrel
485.00$US/MT
378.00$US/MT
705.00$US/MT
585.00$US/MT
508.00$US/MT
487.25$US/MT
368.00$US/MT
395.25$US/MT
678.00$US/MT
802.00$US/MT
SEATTLE (Oil Monster):Australia-based Woodside Energy announced that it has entered into a definitive agreement towards acquisition of all issued and outstanding common stock of Tellurian including the Driftwood LNG project in Louisiana. The implied enterprise value of the deal is estimated at around $1.2 billion, which includes a cash payment of around $900 million.
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The transaction, which has already received approval of Tellurian’s Board of Directors, is expected to be completed in Q4 this year, subject to satisfaction of customary closing conditions and necessary regulatory and other approvals.
Commenting on the deal, Meg O’Neill, CEO, Woodside Energy said that the acquisition of Tellurian and its Driftwood LNG development opportunity positions the company to be a global LNG powerhouse. The complementary US position will allow the company to better serve its global customers and help capture further market opportunities across the Atlantic and pacific Basins.
The strategic acquisition will add a high-quality, fully permitted US LNG development option to Woodside’s existing portfolio. The geographic diversification will boost the company’s potentials for long-term cash flow generation. In addition, the increased exposure to LNG will support Woodside’s carbon competiveness.