Woodside Energy to Buy LNG Developer Tellurian for $900 Million
Tellurian said on July 21 that Woodside Energy Group Ltd. has entered...
Tellurian said on July 21 that Woodside Energy Group Ltd. has entered into a definitive agreement to buy Driftwood LNG developer Tellurian Inc. for approximately $900 million.
Subsidiaries of Australian E&P Woodside Energy will acquire all the outstanding shares of Tellurian in an all-cash transaction for $1 per share.
The acquisition price represents a 75% premium to Tellurian’s closing price of $0.571 per share on July 19 and a 48% premium to Tellurian’s 30-day volume weighted average price, the company said in a press release.
ONEOK invests $480M to address Denver area fuel demand
ONEOK has announced a $480...
ONEOK has announced a $480 million investment to boost refined product flows from the Midcontinent and Gulf Coast to the Greater Denver Area. The project involves a new 230-mile pipeline from western Kansas to the Denver International Airport and pump station upgrades and additions. It is expected to be completed by mid-2026 and aims to meet the region's increasing fuel demand.
Hydraulic fracturing, traditionally used in oil and natural gas extraction,...
Hydraulic fracturing, traditionally used in oil and natural gas extraction, is being harnessed to access geothermal energy through enhanced geothermal systems that provide continuous carbon-free power from underground heat. However, challenges such as lengthy permitting processes, high drilling costs and limited underground heat availability are preventing the technology from expanding fast enough to make a difference for the climate, highlighting the importance of government funding and streamlined regulatory frameworks.
Let the Paris Games begin: The opening ceremony for...
Let the Paris Games begin: The opening ceremony for the Paris Olympics will take place on the Seine on Friday, with organizers hoping the nearly four-hour visual feast will spur enthusiasm for the Olympics, which hasn’t been seen in quite some time. While certain people on your social media timeline are sure to spend two weeks portraying themselves as die-hard trampoline fans, US ratings have been down for recent Olympics, which have taken place during the heart of a pandemic and at inconvenient hours for American viewers. Some performers for the ceremony have yet to be announced, but it will be hard to top Mr. Bean in London in 2012.
At least two people have died in the US from a listeria outbreak connected to meat sliced at deli counters. The CDC says it is aware of 28 people who have been infected. Here’s what to do with your deli meat.
Xander Schauffele won the British Open, his second golf major of the year. American golfers have swept all four majors this year for the first time since 1982.
The WNBA All-Stars beat Team USA 117–109 in the final tuneup game before the national team heads to Paris. In related “Oh no, what’s going on with our national basketball team” news, the US men’s team escaped with a one-point win over South Sudan, which entered the exhibition game as a 43-point underdog.
Some overheated beverages on Southwest Airlines flights have been exploding mid-flight, causing injuries to nearly two dozen flight attendants.
Stock futures inch higher, but Biden’s withdrawal adds to uncertainty
President Joe Biden has officially withdrawn from the presidential race, injecting even more uncertainty...
President Joe Biden has officially withdrawn from the presidential race, injecting even more uncertainty into the outlook for markets at an increasingly critical juncture.
The announcement landed shortly before 2 p.m. Eastern on Sunday, roughly four hours before U.S. equity futures opened at 6 p.m. Eastern. Biden’s decision followed days of mounting pressure from fellow Democrats, and reports late last week that he was considering stepping aside.
Initial reaction across markets Sunday night saw bitcoin prices BTCUSD, 0.36% dive before rebounding. The price of the pioneering cryptocurrency was up 1% at more than $68,000, its highest level in more than a month. Stock futures also opened slightly higher, with futures tied to the S&P 500 ES00, 0.18% up 0.1% at 5,560, while Nasdaq-100 futures NQ00, 0.34% were up 0.2% at 19,732 and Dow Jones Industrial Average futures YM00, 0.10% up 8 points, or less than 0.1%, at 40,586.
