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hey 524 club!!! any updates on the red tape issues from the last couple of weeks, havent had a chance to read the board every day lately...best wishes guys and gals...Gute
Long read but very insightful and interesting to get a glimpse inside a LNG giant like Venture Global. Delfin Midstream mention in the list at the bottom of the article too.
https://www.1012industryreport.com/construction-design/venture-global-kicks-off-louisianas-construction-thrill-ride/
I don't have time to play and watch the shady market makers but SERIOUSLY 100 shares and we are down .02 cents lol some on someone buy 100 shares lol to get us back 18
I’m conservative but abstained from voting Trump last two elections because I’ve had doubts about his characters. Well, I now admire his character under fire and will vote for him this round, assuming he survived the likely attempts on his life.
I think that’s what we’re all hoping and MARAD just took the heat to delay this a bit.
This election is mostly either a vote for or against Trump rather than one for Joe Biden, so doubtful anyone will be abandoning him over approving little ol’ Delfin
Good article.
Maybe instead of an outright abandonment, the administration approves Delfin as a tiny good faith gesture considering the political and corporate pressure being exerted.
Those stats and speculation seem legitimate. But bare in mind I'm not a basher, I've followed Dino into a few stocks over the years and vice versa....
But I would consider the worst case scenario simply because the world is moving away from reliance and relationships with America and the west these years. So the decisions made and the leadership in the upcoming months ahead will further impact our foreign trade, developments, relationships and thus our economy. The U.S and Canada are up for an economic disaster and the cards and data are on the table for those able to see.
I'm hoping for the best too, but that's just wishful thinking. A lot of domestic money is leaving Canada and the U.S as of 2020. Germany lost some big corporations to China and India this past year due to stupid taxes and stupid policies... Greed has gotten the best of our sh!tty leaders and while their pockets are being lined for the looming economic strife ahead, ours likely are not. So be very careful in how much weight of importance you give blindly to stats and figures of estimated output. In the past, those were great indicators of future performance. But BRICS is going to make sweeping changes in the years ahead... does it mean our economy comes to a halt, of course not, but it means whatever markets are over-saturated would likely suffer... Supply & Demand... For example, too much immigration, not enough jobs & lower productivity? Okay, lower the cost of labor... Some will survive, many will suffer... I noticed the biggest slow down in my business and amongst my peers in the past few months... it's frustrating and infuriating to see the cr@ckhea!ds in power
Normally, we come out of these up and down trends like repetitive cycles... the difference today is, the downtrend will be a big one in this particular cycle... commodities is our best option these days.
The West has been engaged in a lot of deceitful practices of pillaging & destabilizng other nations to line their own pockets... As the Hindus would say, the Karma is coming lol...
I've been watching this ticker too, I stayed away from the market all winter focused on other things, stepped away since the end of 2021 over all because it's become a gamble...
Let's hope you guys are right on this one.
Pitts: US, Qatar Face off in LNG ‘Olympics’
By Pietro D Pitts
Hart Energy
Fri, 05/03/2024 - 03:00 PM
If you believe the numbers published by the U.S. Department of Energy (DOE), the U.S. will easily retain its ranking as the world’s leading exporter of LNG by 2030.
By then, back-of-the-envelope calculations pointed to U.S. LNG export capacity reaching 196 million tonnes per annum (mtpa) or 25.9 Bcf/d versus Qatari LNG export capacity of around 142 mtpa.
The U.S. gets there by adding 87.8 mtpa of capacity from five projects under construction at Corpus Christi, Golden Pass, Port Arthur, Venture Global Plaquemines and Rio Grande LNG. This compares to existing operating capacity of 108.4 mtpa, according to the DOE. This will allow the U.S. to boast an 81% liquefaction growth rate between now and 2030.
Qatar gets there by adding 65 mtpa of capacity to come from its North Field West project. This compares to existing operating capacity of 77 mtpa, or a growth rate just 84%.
Still, one needs to take into account that the average annualized utilization rate in the U.S. was 94% in 2023, compared to around 104% in Qatar, according to data firm Kpler.
In the LNG exporting space, the U.S. will outpace its fiercest competitor, Qatar, and both countries are expected to outpace Australia. As it stands for the LNG export Olympics, the medals would be awarded in 2030 like this: the Americans, gold; the Qataris, silver; and the Aussies, bronze.
And this will be the case despite the infamous “Biden pause” announced in January. And it’s no small feat, considering the U.S. joined the LNG exporter’s club as recently 2016 with the start of the first export train at Sabine Pass.
The DOE said the pause is designed to give the agency time to review applications for permits to export LNG to non-free trade agreement (non-FTA) countries, and for the DOE to update economic and environmental analysis to assess whether the applications were in the public interest.
The temporary nature of the pause was again stressed by Energy Secretary Jennifer Granholm during CERAWeek by S&P Global in late March, when she said that within a year, the pause would “be well in the rearview mirror.”
And the numbers for the U.S. only get better.
Taking into account authorized projects not yet under construction, the U.S. has another 123.6 mtpa of export capacity tied to pending final investment decisions or FIDs.
That said, total U.S. export projects—operating, under construction and authorized—with non-FTA countries is 319.8 mtpa, a massive volume. And that doesn’t include 47.9 mtpa tied to LNG projects located in northwest Mexico that will source feedgas from the Permian Basin and serve LNG demand centers in Asia.
These figures compare similarly to bear and bull estimates from East Daley Analytics, which call for 204.9 mtpa and 262.6 mtpa, respectively, of LNG capacity by year end 2030.
Again, for its part, Qatari LNG export capacity is only expected to reach around 142 mtpa by the end of the decade, according to data from state entity Qatar Energy.
No doubt, the Biden pause has generated strong reactions within and outside the U.S. as future LNG demand estimates are large and mainly tied to Europe, but also Asia, as countries and regions from China, South Asia and Southeast Asia continue to switch from coal to gas. By 2040, LNG demand is expected to reach 625 mtpa to 685 mtpa, Shell revealed in a recent study. That’s up from 404 mtpa in 2023.
Executives from American gas producers and LNG exporting entities continue to argue the benefits of U.S. energy. They say American energy helps allies and other countries lower their greenhouse-gas emissions while providing energy security, especially in the aftermath of Russia’s invasion of Ukraine in 2022, which drastically interrupted the flow of gas to Europe and Asia.
While the Biden pause is real, it’s important to remember its temporary nature and the possibility of outright abandonment during the tribulations of a presidential election year. The U.S. and Qatar liquefaction build-outs are also real and the numbers point to the U.S. winning on that front by 2030 and even by 2050. Maybe it’s not a blowout, but it will still be a U.S. win and the “Star-Spangled Banner”’ will still play during the medal ceremony.
https://www.hartenergy.com/exclusives/pitts-us-qatar-face-lng-olympics-209034
Not sure if fired is the right choice of words there.
The only thing that matters to the current administration is remaining in power. LNG appears to be a political agenda item just as student loan debt, men in girls locker rooms, support for Hamas, guns for the Jews, Illegal immigration. They will stop at nothing for votes, however this has been an overt play on both sides of many issues, we the people see what is going on. Biden will be fired.
I was just laughing at all the credit X was giving him. ....and now you too.
You bet and then he decided it was a good idea to sabotage the whole US LNG industry for the purpose of climate change and give that LNG money that was going to be spent anyways straight to Qatar and Saudi Arabia, what a genius!
wow!
If they needed more than what they currently have they would have acquired it back when they made the $25K deal with Egan (IMHO). All they have to do to dilute minority ownership in TGLO now and increase their control (if needed) is issue more shares in a private placement with Talisman or another controlled entity and then combine it all under one corporate structure when they reverse merge. This would max out the AS at 500,000,000 where it can languish for a couple years and have the price beat up until production is a go. This is why I think DLFN will end up trading on the AMEX exchange where TELL is. The AMEX is a good exchange for this project bc the requirements are much less stringent to stay in compliance and they can get access to large institutions. They could then do a reverse split and setup the share structure how they want a couple of years down the road as the project really ramps up and there are more vessels in the production pipeline. There are many options available to Delfin when it comes to going public through TGLO.
No, you just exaggerate my points to fit some opposing absolutist narrative that I must subscribe to.
If Delfin was ready under Trump and had everything lined up then they would’ve FID’d, but they weren’t and they didn’t. That was almost 4 years ago.
It’s just unfortunate now that they are further along that they are caught in a liberal admin with a vendetta against LNG.
Saying this rejection from MARAD and delay of two years would probably not have happened under a Republican or DJT admin is not an out there statement. Response times went from a few months to over a year when the new admin came in.
In fact, the Republicans are the ones who went to bat for Delfin and wrote a letter of Support.
It’s also not crazy to say, as XL has, that under a Biden admin this LNG war with Russia might have helped in its own way and brought Delfin closer then it ever could’ve gotten on its own, while still being held back ultimately by this same impetus.
I can also see both sides, but to say if Republicans were in power this would be a less likely situation with MARAD is not crazy
Most are salivating to see how this unfolds, not that it means anything. But when this merger goes through this is the next meme stock, not because of being on IHUB top of the charts but because the whole World will know about Delfin and TGLO.
https://investorshub.advfn.com/boards/most_read.aspx?p=h
No matter which side you are or Republican or Democrat, the fact still remains, Delfin needs way North of 71% to make this ticker a viable merger, not to mention the first sign we need to see on OTC Markets is Egan gone and Jones is listed and business description of Delfin to know wheels are in motion, as of right now Delfin's website hasn't even been updated since last year, maybe they have too much headache with MARAD and DOE, hopefully by June 1st we hear something from them.
https://www.otcmarkets.com/stock/TGLO/profile
"Beep Boop Beep." Wow - I love how you keep proving my points and you can't even see it. It's actually a bit concerning. Can you not understand the subtext of my posts? Don't answer that. You'll just prove another one of my points. It's like I'm rubber and you're glue.
So we’re supposed to expect admiral Buzby or now Admiral Philips, who take orders for a living and are head of a government agency under the DOT, to just defy the current administration’s directives or give them an easy pass under DJT and just bypass the whole evaluation process? Not likely
It doesn’t have to be binary. They can be both be causes for the same failures or different ones.
It’s Delfin’s fault they played this admin wrong in many ways, but also this admin’s fault they’re so hostile to LNG.
Nothing that crazy about saying this would be less likely under a republican admin.
Before the War between Hamas and Israel, couple of months before, Biden made a trip to the region, particularly Saudi Arabia and Israel. This war was bound to happen, the signs were there.
No worries, Brapp. Feel better!
My bad senor. I am sick and it's late. You are correct.
The good thing is Szabat is still serving under Biden. Maybe we should write him a letter asking for help.
Also Dino "Republican or Democrat, Delfin needs way more than 71% control to make this ticker a viable merger candidate, period."
Am I missing something here too?
Brapp - I thought you knew me better. You should also know that I like f'ing with X, so there's that. Buuutttt.....If presidents are all powerful and can make everything right (like DJT will do once he's in power again for Delfin), then his appointee Buzby could have just cut all the red tape and said, "Here, Delfin, you've done enough in my mind. Thank you for the updates. Here's your license." But he didn't....that's how he's relevant based on the logic of some here. But we both know better...or at least I do.
All of this ( Delfin, Tglo, lng) has seriously been effected by world events (wars) that were created because of Lack of effective American leadership. The end.
So wait - it's Delfin's fault when they're mismanaging, and it's Biden's and Dem's fault when it's convenient for anything else...and DJT had no role in any of this until he's president again BUT will get all the credit once Delfin receives their license, makes FID, and reverse merges because he's president...again...for the second time - full stop. Got it. "I am a robot. Beep boop beep."
You don't know me well enough. I clearly don't always agree with everything I say here. I'm not an absolutist. I can blame Biden and the Dems and those little brats on all the college campuses when I feel like blame is warranted. I can see both sides. My argument is again to make a point with someone who cannot see both sides.
I don't support this administration, I can't stand this administration. The Sierra Club members are definitely amongst us, I don't know who, but likely one person that wrote a letter to DOE opposing Delfin and even going as far as flagging down TGLO, for not being viable for the merger.
I don't understand why Buzby is relevant.
The 2017 approval was signed by Szabat, before Buzby arrived. Delfin didn't meet the financial conditions for licensing during Buzby's time in office. By the time financing was achieved, Buzby was out.
If agencies want a project to go forward, they'll overlook minutia. And if they don't, they'll dig their heels in.
One of MARAD's original conditions was for Delfin to get DOE approval. MARAD delayed Delfin to put the DOE approval at risk. It's agency ping pong.
We are not going to get into the probabilities, again, bottom line is did Delfin accomplish anything from 2016-2020? 4 years is a long time, no matter how time consuming this venture is, not to mention they have been at this since 2013.
I know there are many here who support the current administration and I honestly can’t figure that out. But what I really would like to know is how many Sierra Club members are here? Buying lng stock?
That was almost 4 years ago now. If they aren’t ready now then how can anyone expect them to be ready then?
They would probably not have been rejected by MARAD though, I can tell you that.
I will admit that my early confidence lead me to buy many many shares foolish thinking that this project was imminent. However China, EU, Asia, etc was not going to buy American lng, it was too expensive. Biden fostered the Ukraine war and recently seriously destabilized the Middle East. Thus American lng is now more valuable than ever.
I wasn't talking about me, but if you must know, a Zero. The fact still remains, like I have asked before maybe 2-3 times already, what did Delfin accomplish when Trump was the President? Nothing, nada, zilch. Republican or Democrat, Delfin needs way more than 71% control to make this ticker a viable merger candidate, period.
To be fair, in hindsight, Delfin probably didn’t have a chance under trump because we would still have peace on earth. It took Brandon’s incompetence to get Russia to move on Ukraine.
LOL - that was funny. But still....a Classic MAGA deflection....can't accept the truth and facts: BUZBYYYYYYYYYYY.
WHO thinks that investing in oil and lng and voting democrat are compatible? Go tglo January 20, 2025
So DJT is at fault because Delfin didn’t get their stuff together in time?
Or should we expect someone appointed by him who takes orders for a living in the military to go against the status quo set by this admin?
Yes, if Trump was in we probably wouldn’t have this issue, but then again it might have incentivized Delfin to keep taking their sweet time. They def miscalculated this whole thing.
Should you be on a college campus somewhere? November thing will change
Curious what your rating is?
Classic MAGA baby - blaming someone else when your guy doesn't get the job done. Your boy DJT had more than THREE f'ing years (and 2 w/the House, Senate, and SCOTUS) to get MARAD to issue Delfin's license. Wait - you're calling who an idiot? LOL. Now that's just dumb. I mean really, really dumb. DJT even appointed the guy and still didn't get Delfin what it needed LOL - we're FUKD!
Mark Howard Buzby (born October 6, 1956)[2] is a retired United States Navy rear admiral who served as the Administrator of the United States Maritime Administration.[3][4][5][6] He retired from the Navy in 2013 and joined Carnival Cruise Line's Safety & Reliability Review Board.[7] Buzby was nominated to be MARAD Administrator in June 2017 by President Donald Trump, and confirmed to the position by the United States Senate on August 3, 2017
https://en.wikipedia.org/wiki/Mark_H._Buzby
This thing won’t happen until 2025 after DJT is elected president. I will enjoy my 1.75M shares then. But until then Let’s go Brandon.
The dumbest of the dumb are the one that invested in oil and gas AND voted Biden.
Wow, look at this scambakaroo.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174361625
Nothing you have said so far has been right, likely you will be wrong on this one too, then your report card will be big fat "F".
Wowza, look at this scambakaroo.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174361863
It’s hinging on the election in November. FJB and all who voted for that idiot
TGLO (theglobe.com)
Delfin Midstream LLC. (Parent Company)
LNG developer Delfin Midstream LLC is the majority owner (71%) of TGLO with 312,825,952 shares
(https://delfinmidstream.com)
DELFIN DOE EXTENSION REQUEST:
05/31/2024: Notice Tolling Expiration of Non-FTA Authorization Pending DOE Action
03/01/2024: Request of Delfin LNG LLC for Supplemental Order Granting Conditional Extension of the Time for Long-Term Authorizations to Export Liquefied Natural Gas
DELFIN FERC STATUS UPDATE:
10/05/2023: FERC Grants Delfin's Request for a 4-Year Extension
RECENT MEDIA NEWS/BILLION DOLLAR AGREEMENTS:
2/14/2024: Chesapeake Energy Corporation, Delfin LNG and Gunvor Sign Long-Term Liquefaction Offtake Agreement Indexed to Japan Korea Marker
11/27/2023: Delfin Midstream Signs Long-Term LNG Supply Agreement with Gunvor
8/22/2023: Delfin Accelerates the Development of FLNG Vessels in Partnerships with Wison Offshore & Marine
7/11/2023: Centrica Sings Major LNG Supply Agreement
6/8/2023: Delfin Enters Strategic Investment Agreement with Mitsui O.S.K Lines
4/24/2023: Delfin Signs LNG Sale and Purchase Agreement with Hartree
9/5/2022: Delfin Midstream and Devon Energy Enter into LNG Export Partnership
8/9/2022: Delfin signs LNG agreement with Centrica (15 year, estimated at $8 billion)
7/13/2022: Delfin finalizes offtake agreement (15 year, estimated $3 billion in revenue) with Vitol which includes a strategic investment in Delfin
REVERSE MERGER POTENTIAL:
Event Date: 12/31/2017: Delfin Midstream, LLC. became the majority owner (70.9%) of TGLO (theglobe.com) with 312,825,952 shares. Below are the corresponding filings and a subsequent article, alluding to the possiblity of a reverse merger based on the trend of other LNG companies performing reverse mergers (e.g., TELL). NOTE: As of TGLO's last 10Q filing (May 14, 2024), Delfin has continued to fund TGLO through loans, totaling $1,330,000.
1/10/2018: Delfin Midstream, Inc., Form 3
1/11/2018: TGLO, Form 13D
1/11/2018: S&P Global Article: "Delfin LNG developer says it may merge into idled company it bought 71% of"
The developer of the proposed Delfin LNG export project said in a Jan. 11 filing with the SEC that it may complete a reverse merger with theglobe.com after buying a 71% stake in the idled technology company on the last day of 2017.
In the filing, Fairwood Peninsula Energy Corp., which owns LNG developer Delfin Midstream LLC, said it was appointing Fairwood Director William "Rusty" Nichols as chairman of the board, CEO and CFO of theglobe.com. "In addition, Delfin Midstream currently anticipates that it may enter into an agreement with the Issuer to merge into the Issuer, sell its assets to the Issuer or otherwise consolidate all of substantially all of the Issuer's business with Delfin Midstream," the filing said. "However, there can be no assurance that the Issuer will be successful in consummating any such transaction in the near future, if at all."
Delfin on Dec. 31, 2017, closed a $25,000 deal to buy a majority stake in idled tech company theglobe.com Inc. for less than a penny per share. As of market close on Jan. 11, Delfin's nearly 313 million shares were worth nearly $63 million.
A source familiar with the matter had previously told S&P Global Market Intelligence on condition of anonymity that a reverse merger was one of the options the company was considering. The Jan. 11 filing is the first official word from the company on the development.
Two other U.S. LNG export hopefuls have gone public via a reverse merger over the past year as they seek access to capital markets to help finance multibillion-dollar project proposals. Tellurian Inc., which was co-founded by the former CEO of U.S. LNG export pioneer Cheniere Energy Inc., in February 2017 closed on a reverse merger with the former Magellan Petroleum Corp. NextDecade Corp. in July 2017 completed a deal with blank-check company Harmony Merger Corp. Both Tellurian's Driftwood LNG and NextDecade's Rio Grande LNG projects are awaiting approval from the Federal Energy Regulatory Commission.
The $7 billion Delfin LNG export terminal is one of four fully permitted U.S. projects awaiting a final investment decision. The developer has signed a nonbinding agreement with China Gas Holdings Ltd. for 3 million tonnes per annum of LNG for 15 years starting in 2022.
The 13 mtpa project in June 2017 received authorization from the U.S. Department of Energy to export to countries with which the U.S. does not have a free trade agreement. The location of the proposed facility, about 40 nautical miles off the coast of Cameron Parish, La., makes the offshore portion of the project subject to the Deepwater Port Act and the jurisdiction of the U.S. Coast Guard and the U.S. Department of Transportation's Maritime Administration, which approved the project in March 2017.
The Delfin LNG project would be the first offshore liquefaction terminal in the U.S.
DELFIN MIDSTREAM'S PROJECTS:
Delfin LNG Overview
Delfin LNG is a brownfield Deepwater Port requiring minimal additional infrastructure investment to support up to four FLNG Vessels producing up to 13 million tonnes of LNG per annum. Delfin purchased UTOS pipeline, the largest natural gas pipeline in the Gulf of Mexico, in 2014 and submitted its Deepwater Port license application in 2015. Delfin LNG received a positive Record of Decision from the Maritime Administration (MARAD) and approval from the Department of Energy for long-term exports of LNG to countries that do not have a Free Trade Agreement with the United States for up to 13 MTPA.
https://delfinmidstream.com/wp-content/uploads/2024/06/Delfin-Midstream-Corporate-Presentation-June-2024.pdf
Avocet LNG Overview
Delfin owns a second pipeline system (Grand Chenier) which can be used for either:
-A second Deep Water Port (Avocet LNG) or a Delfin LNG expansion for an additional 2 FLNGVs of up to 8 MTPA in total; or
-An increased feedgas supply option for the Delfin LNG Deep Water Port allowing Delfin LNG to be fed by two pipeline systems, giving increased gas supply flexibility and security for the Delfin FLNG Vessels.
Avocet LNG’s MARAD permitting process will be significantly cheaper and more efficient as the company can leverage the Delfin LNG’s successful permitting work.
The GrandChenier pipeline system connects to major interstate pipelines providing access to abundant pipeline-quality natural gas.
DELFIN AND TGLO MANAGEMENT:
Dudley Poston
Chief Executive Officer
-EVP at Golar LNG from 2010-2018, focusing on the commercial development of Floating Storage and Regasification Units, Floating Liquefication, and small-scale LNG
-Prior to joining Golar, 16 years of experience in the U.S. natural gas industry as a financial and physical trader for Koch Industries, The Williams Companies, and Citigroup
-B.A. in Government from the University of Texas, M.A. in Economics from The State University of New York, and M.S. in Finance from Texas A&M University
Wouter Pastoor
Chief Operating Officer
-Head of Commercial and Director of FLNG Development at Golar from 2014-2018, focusing on the Hilli, Fortuna and Tortue projects and leading new FLNG design & business developments
-Prior to joining Golar, 13 years of experience in the LNG industry, primarily focused on technical and commercial development of Floating LNG projects
-Ph.D. and M.Sc. in Naval Architecture and Ship Hydromechanics from the Delft University of Technololgy in the Netherlands
Oscar Spieler
Executive Chairman of the Board
-Previous CEO at Golar LNG, Frontline and Sea Production and Chairman of Quantafuel
-Board experience from multiple companies within the shipping, drilling and finance sectors, including Offshore Merchant Partners, Energy Drilling Ltd, Jasper Investments, Archer, Avenir LNG, North Atlantic Drilling and Sealift
-M.Sc in Naval Architecture and Engineering from the Norwegian University of Science and Technology
TGLO (theglobe.com) Management
Frederick P. Jones
President, Chief Executive Officer, CFO & Director, theglobe.com, Inc.
Frederick P. Jones founded Fairwood Peninsula Energy Corp. and Delfin Midstream LLC. In his past career, he held the position of Chief Executive Officer of Fairwood Peninsula Energy Corp. and Chief Executive Officer at Delfin Midstream LLC. Mr. Jones was a founder-shareholder of March Rich and Co. AG, now Glencore plc. He is also a former Advisor to the President of OPEC. Mr. Jones was one of the early investors in U.S. shale gas. Together with his partners he developed assets in the Barnett shale starting in the mid-1990s.
Throughout his 40 years of experience in the energy industry, Mr. Jones has developed projects and businesses in LPG marketing, coal bed methane extraction, hydroelectric power, and natural gas. He has led numerous ventures with various public and private entities throughout the world.
SHARE STRUCTURE, FILINGS, LINKS, ETC.
TGLO Share Structure (as of last filing, May 14, 2024)
Common Stock
Authorized Shares: 500,000,000
Issued: 441,480,473
Preferred Stock
Authorized Shares: 3,000,000
Issued: 0
Delfin Midstream Ownership Structure (as of June 12, 2018 - 95.43% reported)
Ownership Reference Document:
https://fossil.energy.gov/ng_regulation/sites/default/files/programs/Delfin_CIC_07_11_18.pdf
Fairwood Peninsula: 30.7%
Talisman (Global Alternative Master 25.5% and Global Capital Master 20.1%; Indirect ownership through Fairwood shares 8.17% ): 53.77%
Frederick Jones (9.3% Delfin Midstream and 1.66% indirect ownership through Fairwood shares): 10.96%
Filings
https://www.otcmarkets.com/stock/TGLO/disclosure
Significant Headlines:
2.13.24 https://lngprime.com/americas/chesapeake-seals-lng-deal-with-delfin-and-gunvor/104761/
"US shale gas producer Chesapeake Energy has entered into an offtake deal with Delfin Midstream, the US developer of a floating LNG export project in the Gulf of Mexico, to supply LNG to Geneva-based trader Gunvor. Chesapeake said in a statement on Tuesday that the LNG export deal includes executed sales and purchase agreements for long-term liquefaction offtake. Under the SPA, Chesapeake will buy about 0.5 million tonnes per annum (mtpa) of LNG from Delfin at a Henry Hub price with a targeted start date in 2028... Delfin said in November it had secured commercial agreements for LNG sales and liquefaction services and the firm was “in the final phase towards FID on its first three FLNG vessels”.
11.27.23 https://www.reuters.com/business/energy/delfin-signs-15-year-lng-supply-agreement-with-gunvor-2023-11-27/
Nov 27- Delfin Midstream Inc said on Monday it had entered into a long-term liquefied natural gas (LNG) supply agreement with global commodity trader Gunvor.....The company secured commercial agreements for LNG sales, liquefaction services and is in the final phase towards final investment decisions (FID) on its first three floating LNG vessels, the release added.
8.26.23 https://maritime-executive.com/corporate/delfin-accelerates-the-development-of-flng-vessels-with-wilson-offshore
Delfin Midstream announced today that it has entered into a design and engineering contract with Wison Offshore & Marine to develop Floating LNG (FLNG) vessels for application on the Company’s Deepwater Port projects currently under construction in North America... Commenting on the announcement Wouter Pastoor, COO of Delfin says: “Wison has been visionary to develop its design, engineering, and construction capabilities for the LNG industry and in particular the floating LNG segment. Sharing our commitment and entrepreneurial spirit, Wison’s goal is to continue into a full FEED later this year such that FLNG vessel construction can start at their shipyard in mid 2024.”
07.11.23 https://www.centrica.com/media-centre/news/2023/centrica-signs-major-lng-supply-agreement/
"Centrica and Delfin Midstream Inc. today announced the signature of a long-term Sale and Purchase Agreement for 1.0 million tonnes per annum (MTPA) of Liquefied Natural Gas (“LNG”) for 15-years on a Free on Board (“FOB”) basis at the Delfin Deepwater Port, located 40 nautical miles off the coast of Louisiana. This agreement will see Centrica take delivery of around 14 LNG cargoes per year and could provide enough energy to heat 5% of UK homes for 15 years."
6.08.23: https://www.globenewswire.com/news-release/2023/06/08/2685156/0/en/Delfin-Enters-Strategic-Investment-Agreement-with-Mitsui-O-S-K-Lines.html
"We are delighted to announce our partnership with Delfin, marking the beginning of a fruitful endeavor together. Drawing on our extensive expertise gained from previous LNG Carrier and FSRU projects and other ventures, we anticipate collaborating with Delfin to successfully drive forward this project toward our initial shared goal of quickly making Final Investment Decision on the first FLNG vessel."
3.27.23: https://lngprime.com/lng-terminals/delfin-plans-to-take-fid-on-first-floating-lng-producer-in-q2/77184/
“With fully termed agreements signed and others under negotiation, Delfin is well on its way to FLNG 1 FID and has laid the foundation for FLNG 2 FID,” the firm said in the presentation. Delfin plans to FID on the first vessel by the end of Q2 2023.
9.30.22: https://pemedianetwork.com/petroleum-economist/articles/gas-lng/2022/delfin-eyes-emerging-us-export-strategy/
9.12.22: https://oilprice.com/Energy/Natural-Gas/This-Large-US-Driller-Just-Made-A-Big-Move-Into-LNG.html
1.19.22: https://jpt.spe.org/delfin-lng-expects-investment-decision-on-floating-lng-project-this-year
10.15.20: https://www.rivieramm.com/news-content-hub/news-content-hub/first-us-floating-lng-export-facility-clears-engineering-feat-61305
6.1.17: https://www.energy.gov/articles/us-department-energy-authorizes-additional-liquefied-natural-gas-exports-offshore-project
https://delfinmidstream.com/wp-content/uploads/2024/06/Delfin-Midstream-Corporate-Presentation-June-2024.pdf
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