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Well then I guess you will get what you deserve then.
Here’s hoping the DOE has a backbone and approves the extension, otherwise it’s political BS. I may be an independent leaning democrat, but after moving to Nevada and the DOE denies, will definitely show my anger in my vote in a crucial Swing State.
He sounds like one of those climate co2 idiots, oops excuse me "experts" they had before congress that didn't even have a clue what % of the atmosphere is co2. Just hand them a paper to read and their experts.
Haha, 31 attachments with their motion. What a bunch of losers.
Are you an Attorney?
Sierra motion was just posted. Not too concerned as the same Modus Operandi in every application they oppose it seems. Look at the attack they launched on the Corpus Christi Project here:
https://www.energy.gov/fecm/articles/corpus-christi-liquefaction-llc-ccl-midscale-8-9-llc-and-cheniere-marketing-llc-ccl
, of note is that the application in the link was approved with order granting posted on 7/19/2023, even before the Answer in Opposition was posted, 7/24/2024 (based on the docket) with the application getting partial approval within 12 days.
Enbridge’s Energy Infrastructure Projects pamphlet was updated on March 18, 2024 (cover page), and available publicly via the link I listed before. MARAD issued its letter on April 17, 2024, a month later. MARAD, with little due diligence, could have discovered the true ownership facts but it appears that it didn’t. The Judges sitting on the bench in the Fifth Circuit in LOUISIANA are definitely not the Biden Administration, and they may and probably will, look at these facts and circumstance differently.
Speaker Johnson was just on Capitol Hill 10:27 Eastern Time admonishing the administration for its energy policy, specifically LNG.
Personally, I don't think the administration gives a s_it. Just look at the border. Stroke of a pen and the border is improved overnight. End of story.
Smells like grounds for an Extraordinary Writ. Enbridge owns 5.77% of Delfin not "Delphin" lol lol. It definitely looks like a typo in their letter as they also claim ownership here: https://www.enbridge.com/~/media/Enb/Documents/Factsheets/FS_EnergyInfrastructureProjects.pdf?la=en (p.22 of 27). But seriously the fact that they confirm ownership, along with other factors, might just be the legal grounds for the Extraordinary Writ , NOT a lawsuit, claiming that the MARAD's letter/decision was arbitrary and capricious and based on wrong facts! GLTA!
Delfin and "Delphin"? Typo or clue?
LNG Allies really hit a home run with this letter.
AND as we NOW know Enbridge owns 5.77% of Delfin!
Didn’t MARAD tell us that Enbridge was no longer involved in the project? As part of their reasoning for denial of the final license? WTF LGB
Enbridge just posted at letter on DOE website
MONEY...Hunter is not on the board.
Is the Biden Administration really going to block clean energy ( American LNG) from our allies at a time of great need? WHY?
MOL has the Biggest tube steak on this board, is Brandon and his cohorts really going to screw this company and Country, who are of our closest friends?
Calling on Cayo, Wiwineit, and the likes, What is going on? Why is the executive branch of our government putting their foot on the neck of America?
I am so confused, why would President Joe Biden’s Administration, try to under cut our strategic allies? Isn’t Japan, thus MOL the largest shipping company in the world our ally? What is going on?
Thanks for all the posts North, great stuff!
I always said TGLO would never do anything until Delfin and TGLO were used in the same sentence. I never thought it would be used as a negative but that’s okay if they know about it others will too in a good way
Old enough to remember. You don't know where you're going unless you understand the past. Many of these young kids today, not all thank God, aren't given the chance to understand the past. On purpose of course.
Whoever wrote that letter, could very well be from this board too.
I bet they have shares in $TGLO.
I'll say it before anyone else does --- who da F*CK is this dude lol --- he has NO idea what the structure looks like LOL --- but I'm glad he mentioned us bwahhhhhhhh!!!!!!!! good press bad press it's all GOOOOD press lol
You guys wanted TGLO mentioned with Delfin? Not the best mention, but here you go:
One of Delfin LNG’s financing vehicles is a shell company theglobe.com which is
listed on the over-the-counter penny stock market and currently trades for about 20
cents a share. The lack of market interest in this capital financing structure is one
indication that the ownership and financing structure of Delfin LNG is the problem.
Wow, very nice!! Thank you.
Compare the address on the one that downloads to any of those do not. You will see the right after the http the ones that will not open have incorrect addresses. Simply change that first word in the browser window to match the Devon preface and they open. Or in other words, just get rid of the word "fossil" Presto.
Weird that they are not allowing downloads of the letters. All of the letters after Devon just lead to a "timed out" error page.
2 More Companies in support of Delfin!
Pacific Summit Energy and Argent Mineral Management LLC!
Thanks for the support (friday) VITOL-$VTOL+ (today) Pacific Summit Energy LLC ----thanks to the person who bought 45k shares in one swoop!!!! Great moves today!
SEE companies joing here https://fossil.energy.gov/ng_regulation/delfin-lng-llc-fe-dkt-13-147-lng-nfta
Mon, Apr 29, 2024 09:34:40 AM 0.21 289
Mon, Apr 29, 2024 09:30:52 AM 0.20 2,350
Mon, Apr 29, 2024 09:30:01 AM 0.21 70
Mon, Apr 29, 2024 09:30:01 AM 0.21 45,769
Mon, Apr 29, 2024 09:29:48 AM 0.21 2,500
Mon, Apr 29, 2024 09:29:48 AM 0.21 2,500
A website called Open secrets says Delfin Midstream donated $160k and good thing they did.
Good find. The list of state governors joining in continues to increase as well.
Vitol has joined the party in support of DOE ext. That's a good sign these players are focusing on DOE decision and not changing course due to MARAD letter.
"The European Commission is considering sanctions against Russian liquefied natural gas (LNG), according to two EU diplomats, a move that would mark the first time Brussels has dared to go after Moscow's gas sector."
"Sanctions on Russian gas from the Yamal LNG project would cause prices to spike and profit global gas sellers"
https://www.reuters.com/business/energy/totalenergies-chief-calls-potential-eu-sanctions-russian-lng-financial-boon-2024-04-26/
https://www.politico.eu/article/eu-weighs-sanctions-on-russian-liquefied-natural-gas/#:~:text=Brussels%20hasn't%20yet%20gone%20after%20Moscow's%20gas%20sector.&text=The%20European%20Commission%20is%20considering,go%20after%20Moscow's%20gas%20sector.
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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