Tellurian could be close to selling its upstream production business. The LNG project developer could also soon secure another commercial contract for Driftwood.
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.
Energy stocks have been sizzling over the past few months. That comes as oil prices have surged amid rising inflation and worsening geopolitical concerns.
Tellurian (TELL) stock price has come under intense pressure this year as concerns about the company remained. It crashed to $0.50 on Monday, its lowest level since February 8th of this 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.
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