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Hey I get frustrated and lash out the FERC thing really did me in I thought everyone was getting their payday then. Oh well live for another day all good here I don’t know the industry but everybody here does keep up the good work and let’s slay these bastards
WASHINGTON POST EXCLUSIVE: FYI: TRUMP to OIL CEOs “."Trump vowed at the dinner to immediately end the Biden administration’s freeze on permits for new liquefied natural gas (LNG) exports — a top priority for the executives, according to three people present. “You’ll get it on the first day,” Trump said, according to the recollection of an attendee." “You’ve been waiting on a permit for five years; you’ll get it on Day 1,” Trump told the executives, according to the recollection of the attendee.
The roughly two dozen executives invited included Mike Sabel, the CEO and founder of Venture Global, and Jack Fusco, the CEO of Cheniere Energy, whose proposed projects would directly benefit from lifting the pause on new LNG exports. Other attendees came from companies including Chevron, Continental Resources, Exxon and Occidental Petroleum, according to an attendance list obtained by The Post. Trump told the executives that he would start auctioning off more leases for oil drilling in the Gulf of Mexico, a priority that several of the executives raised. He railed against wind power, as The Post previously reported. And he said he would reverse the restrictions on drilling in the Alaskan Arctic. https://www.washingtonpost.com/politics/2024/05/09/trump-oil-industry-campaign-money/
Giving $1 billion would be a “deal,” Trump said, because of the taxation and regulation they would avoid thanks to him, according to the people. Trump’s remarkably blunt and transactional pitch reveals how the former president is targeting the oil industry to finance his reelection bid. At the same time, he has turned to the industry to help shape his environmental agenda for a second term, including the rollbacks of some of Biden’s signature achievements on clean energy and electric vehicles
I already have it but we always want more right
"How is anything I said even remotely "nasty"? Are you being serious?"
Actually very polite, sweet and simple.
And I didn't even follow Nvidia until it was in the $500's. $370? Show me the comment date.
How is anything I said even remotely "nasty"? Are you being serious? You're the one that just made it personal. And yes, when mainstream reporters start asking why a company is funding other companies to buy their own product so they can use it as collateral to borrow funds to buy more of the product to prop up an entire market, it's usually a good idea to start realizing some gains. You obviously don't know how to from a logical argument either. If you think an unprecedented and completely unjustified increase in share price is somehow an indicator that a company is not engaged in the reported illegal activity then you're not very smart.
But, but... what happened to "generational wealth" ?
New comment posted on DOE website. Might be Chen’s?
Doomberg article link
I like Doomberg. A little crazy and a lot contrarian, but I find myself agreeing with them a lot. Some of you will enjoy this article. Highly doubt our fantasy fanatical government would ever take Doomberg's advice here. But Delfin would benefit.
There is a youngster here who has Stockholm syndrome and a few others from Austin TX. It’s fun to see who is who. Delfin might FID one day? But it won’t be with a left wing democrat in office.
Grouse I don’t know maybe we would be better off if they sold the shell to someone that would use it right away. Just because they have spent over a million to keep it clean doesn’t mean they will use it in the long run. A lot has changed since they acquired 71%
I should have been more clear. I was referring to your last line about we would be better off if Delfin sold the shell to someone else.
Well now you have to get nasty as I’ve seen you get with others as far as selling I’ll keep my 280,000 shares. As far as giving selling advice you better keep to this blog. Last year you told me to sell my 3,000 shares of Nvidia at $370.00 remember you screen shot some investors letter spewing your know it all crap. If you would have listened about Nvidia you might be in Idaho as we speak tending to your sheep
I guess I just find it difficult to believe there are as many people as there are who have spent the amount of time and money here that they have and still fundamentally don't understand the delicate and nuanced process that they invested in. Yes, if you actually believe Delfin management is full of liars you should sell and move on. Who invests in people they believe are repeatedly, and still currently, lying like its going out style? It's clear to those who have read all the documents and filings that Delfin has been waiting for a couple of years to receive a license they genuinely believed was coming at any moment. There's never been one public indication that MARAD was going to say what they did.
Not sure what you’re implying by if I really feel that way about if Delfin lied yeah I do but so what not the first company to lie or about they won’t get MARAD or DOE until after election yeah I do if you don’t that’s fine you’re entitled to your opinion. Why is it if you’re not rah rah blah blah a person should sell. I invested in TGLO 6 long years ago because I thought Delfin would RM into it still hope so. Do I have worries that they won’t dam right don’t you or everyone else for that matter. Falling in love with a stock (this not a stock but company Delfin) is the cardinal sin. As far as TGLO being valuable it is very valuable kind of the jest in my last sentence of previous post.
Sorry to say this Dallas but if you truly believe that then you better sell now. This shell is currently way over valued for a shell and for a majority of companies that would come along to pick it up if it was resold to someone else. If Delfin doesn’t RM here TGLO will never see this stock price again.
NP what I’m saying is When Delfin had the letter to FERC basically begging for an October certification so they could FID was not truthful. Whether they knew what MARAD was going to do doesn’t matter they knew they needed MARAD to issue to FID and they didn’t have it and didn’t know when they would get it. They haven’t FID without MARAD and now awaiting DOE they won’t. Do you think it was a coincidence Delfin went for 4 years with FERC if FID was imminent. Look I’m not a black helicopter flying over type of guy but I also don’t bury my head in the sand. I personally could care less about Delfin what I do care about is my TGLO investment and at the moment Delfin is what stands between TGLO and success. In my eyes we would all be better off if Delfin sold the shell but they won’t and we will continue to linger.
Now that is a fact!!
Political wind will shift this where it wants, but I’m hoping that since the government has a certain number of MTPA expected to come from these approved licenses to market, and with the heat of the pause and $19 billion on the line, that they will squeak Delfin by with the DOE extension and the government can cover themselves that they did all of their eco due diligence through MARAD’s review and delay this from starting before the election.
In regard to the DOE app, my concern is still the definition of construction being accepted and the fact that they put a condition on approval with obtaining the MARAD license, which can now be used as an excuse by the DOE to make them reapply for the NFTA license.
We shall see, but if they get the extension then I am not really concerned
You really think Delfin management knew during FERC that their multi year handholding with MARAD would result in MARAD pretending like they don't even know what Delfin is doing? You could claim they knew they would need a DOE extension just based off of the known timeline, but MARAD actually being an obvious, significant "issue" wasn't known until MARAD released that letter. I think it's pretty obvious that the deepwater port license issuance would have resulted in the FID last year, and the extension wouldn't have been a potential problem bc the slots at SHI would have been purchased and construction started.
If Biden is the democrat nominee, a vote for him is not really a vote for him.
I always knew that you would come out of the locker.
Bullish sentiment for LNG is good to see...https://www.forbes.com/sites/arielcohen/2024/04/30/lng-is-harm-reduction-for-energy/?sh=5d24ccb970f4
Especially considering these people are pushing the same old, tired "pollution and increased costs for consumers" narrative. The lack of creativity, or even facts, in the narrative is all the proof I personally need to know this isn't a serious argument that any of these talking meat puppets believe. It's just a ploy to further ulterior motives (again, imho). https://www.msn.com/en-us/news/politics/nearly-75-democratic-lawmakers-support-bidens-lng-pause/ar-BB1lYPJJ
I tend to believe from an earlier post, that political pressures will lead to some movement within DOE and maybe even MARAD. Political pressures being that no incumbent president from any party has ever been re-elected with such dismal polling across the board, specifically favorability ratings. If you just watch Mornng Joe you have no idea of what's real, unfortunately. And while polling can be misleading, the numbers for JB are so bad and the economy is so bad and the illegal alien border crossing and its intended and unintended consequences are so bad, and the world is so unhinged from appeasement policies and Iran, China and Russia, that if they wish to even make a fight of it, they will have to make some concessions (read energy) for the majority of their party at the expense of the radical, fringe minority, which will one day be squashed like a bug.
Energy is the one constant denominator that affects everything else. It ripples through every aspect of our lives and yet the admin thinks that windmills and wooden shoes will rule. NOT! Like someone mentioned, they push EV but don't provide the infrastructure to support what could one day be a viable alternative.
Never forget that it is corporate America that runs this country, not JB of DT. "It's the economy stupid "and the economy, when measured by the true cost of living, is factored into any equation, the screaming, immature, uneducated lose. Politicians lie but numbers don't.
Delfin is lucky to be where they are with their process compared to many who are the ones who should be truly concerned.
Delfin’s problems have nothing to do with any administration they are all self inflicted. They knew during FERC they didn’t have MARAD and DOE was coming up and have no plans to FID without them. They have a Senator Cruz ( loud mouth likes to hear his own voice and the last person democrats would listen to) a Italian, British, Japanese company and an American company that won’t SPA write letters, along with some IHubers. Regardless what you think the current administration is not issuing anything before the election period. I invested in TGLO a shell company that currently is being held by Delfin with no immediate plans to use it. That’s the problem wake up, if that’s Debbie Downer so be it.
Victory! That is the best post I have read this month.
You don't have to be concerned with me, I always manage to make money somewhere else. You are so caught up with my position, it's hilarious, I do enjoy living in your head for rent free. Moving forward you need to figure out, if I still own shares here. You can have as many shares as you want, they are not realized gains or losses until you sell them, as far as I am concerned, you might have to wait until never worse case scenario, best case 2029, by then you might end up taking it with you to your coffin, or hang it on your bathroom wall. They don't mean anything.
So glad I am green………… how about you, lol
Delfin has called off FID since 2022, to shift the blame on this administration somewhat is understandable, but definitely not a scapegoat. Stick to facts, you might actually get somewhere, Delfin has kicked, kicked and kicked the can down the road, it is not even funny anymore.
It was just a general comment born from that article. Don't worry wasn't directed at you. 👍
I’m posting the article in relations to delfin. Not sure where you get that im left leaning because I am far from that.
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.
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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