Tellurian Inc. is shifting personnel as the company continues to right itself after 2023 saw the ouster of former executive chairman Charif Souki and a warning that the company was struggling financially.
Executive Chairman Martin Houston said that since December, the company has focused on delivering value for our shareholders and customers and Tellurian’s recent activities support that focus.
“I am encouraged by Tellurian’s progress in the last few months, and we will continue to focus on delivering Driftwood LNG,” Houston said in a March 18 press release.
Tellurian announced that Samik Mukherjee, president of Driftwood Assets, has been appointed president of Tellurian Investments, and has responsibility for the development of all Tellurian’s assets, including upstream, Driftwood LNG and pipeline, as well as permitting, safety and asset integrity.
RELATED
Tellurian Exploring Sale of Upstream Haynesville Shale Assets
The company also announced:
Daniel Belhumeur, president of Tellurian Inc., will retain accountability for finance, investor relations, legal, public and government affairs and human resources;
Presidents Samik Mukherjee and Daniel Belhumeur will jointly manage Tellurian’s commercial activities; and
Tellurian CEO Octávio Simões will move into an advisory role, as previously announced, and will retire in June 2024.
“We are grateful for Octávio’s guidance over the past several years. He has helped position Tellurian for the future, and we wish him the best of fortune as he transitions to retirement,” Houston said.
Recommended Reading
Barnett & Beyond: Marathon, Oxy, Peers Testing Deeper Permian Zones
2024-04-29 - Marathon Oil, Occidental, Continental Resources and others are reaching under the Permian’s popular benches for new drilling locations. Analysts think there are areas of the basin where the Permian’s deeper zones can compete for capital.
Initiative Acquires Equity in Renewable Firm ArtIn Energy
2024-04-28 - Initiative Equity Partners is taking steps to accelerate deployment of renewable energy globally, including in North America.
Keeping it Simple: Antero Stays on Profitable Course in 1Q
2024-04-28 - Bucking trend, Antero Resources posted a slight increase in natural gas production as other companies curtailed production.
NOV Announces $1B Repurchase Program, Ups Dividend
2024-04-28 - NOV expects to increase its quarterly cash dividend on its common stock by 50% to $0.075 per share from $0.05 per share.
Repsol to Drop Marcellus Rig in June
2024-04-28 - Spain’s Repsol plans to drop its Marcellus Shale rig in June and reduce capex in the play due to the current U.S. gas price environment, CEO Josu Jon Imaz told analysts during a quarterly webcast.