Articles from Golar LNG

Golar LNG's 4th Quarter 2024 results will be released before the NASDAQ opens on Thursday, February 27, 2025. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Thursday February 27, 2025. The presentation will be available to download from the Investor Relations section at www.golarlng.com

Golar LNG Limited (“Golar”) has entered into a share purchase agreement for the sale of all its shares in Avenir LNG Limited ("Avenir LNG" or “Avenir”) to Stolt-Nielsen Gas Ltd. for a total consideration of approximately USD 40 million (the "Transaction"). The Transaction is expected to be completed during the first quarter of 2025, subject to fulfilment of the conditions under the share purchase agreement.

Golar LNG Limited (“Golar”) is pleased to announce that on January 18, 2025, FLNG Gimi received feed gas from the bp operated FPSO on the Greater Tortue Ahmeyim (“GTA”) project offshore Mauritania and Senegal. Full commissioning of the FLNG has now commenced. Prior to achieving this key milestone, gas from the LNG carrier British Sponsor was being used to undertake advanced commissioning work. Receipt of gas from the FPSO allows the full commissioning activity to ramp up. The first LNG export cargo is now expected within Q1 2025, and full Commercial Operations Date (“COD”) is expected within Q2 2025, subject to all conditions being met.

Golar LNG Limited ("Golar" or "the Company") is pleased to announce that the company has acquired Seatrium’s and Black & Veatch’s minority ownership interests in the FLNG Hilli. The acquisitions comprise all third-party interests in the asset, including a total of 5.45% common units, 10.9% Series A shares and 10.9% Series B shares. The transaction is equivalent to ~8% of the full FLNG capacity. The total consideration for the acquisitions is $90.2 million, of which $59.9m is in equity and $30.3 million is a pro-rata share in the existing FLNG Hilli debt facility. The full economic interest of the increased ownership in FLNG Hilli will be effective from 1st of January 2025.

Reference is made to the third quarter 2024 report released on November 12, 2024. Golar LNG Limited (“Golar”), NASDAQ ticker: GLNG, has declared a total dividend of $0.25 per share to be paid on or around December 2, 2024.  The record date will be November 25, 2024. Due to the implementation of the Central Securities Depository Regulation (“CSDR”), please note the information below on the payment date for the small number of Golar shares registered in Norway’s central securities depository (“VPS”):

Highlights and subsequent events

Golar LNG's 3rd Quarter 2024 results will be released before the NASDAQ opens on Tuesday, November 12, 2024. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Tuesday November 12, 2024. The presentation will be available to download from the Investor Relations section at www.golarlng.com

Golar LNG Limited (“Golar” or “the Company”) announces today that it has signed an Engineering, Procurement and Construction (“EPC”) agreement with CIMC Raffles (“CIMC”) for a MK II Floating LNG Production (“FLNG”) vessel with an annual liquefaction capacity of 3.5 million tons of LNG per annum (“MTPA”). Under the agreement with CIMC, Black & Veatch will provide its licensed PRICO® technology, perform detailed engineering and process design, specify and procure topside equipment and provide commissioning support for the FLNG topsides and liquefaction process, similar to Black & Veatch’s role in the construction of Golar’s existing assets, the FLNG Hilli and FLNG Gimi.

Golar LNG Limited (the “Company”) has today successfully priced USD 300 million in senior unsecured bonds in the Nordic bond market. The bonds will mature in September 2029 and bear interest at 7.75% per annum. Net proceeds from the bond issue will be applied towards capital expenditure, refinancing of debt and general corporate purposes. An application will be made for the bonds to be listed on the Oslo Stock Exchange.

Golar LNG Limited (“Golar”) has mandated DNB Markets and Pareto Securities as Global Coordinators and Joint Bookrunners, and Clarksons Securities and Fearnley Securities as Joint Bookrunners, to arrange a series of fixed income investor meetings commencing Monday 2 September 2024.

Reference is made to the second quarter 2024 report released on August 15, 2024. Golar LNG Limited (“Golar”), NASDAQ ticker: GLNG, has declared a total dividend of $0.25 per share to be paid on or around September 3, 2024.  The record date will be August 26, 2024. Due to the implementation of the Central Securities Depository Regulation (“CSDR”), please note the information below on the payment date for the small number of Golar shares registered in Norway’s central securities depository (“VPS”):

Highlights and subsequent events 

Golar LNG Limited (the “Company”) advises that the 2024 Annual General Meeting of the Company was held on August 13, 2024 at 10:00 ADT at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda.  The audited consolidated financial statements for the Company for the year ended December 31, 2023, were presented at the Meeting.

Golar LNG Ltd. (“Golar”), and bp, as Operator of the Greater Tortue-Ahmeyim LNG Project, have executed agreements to implement a commercial reset for FLNG Gimi. The commercial reset agreement simplifies contractual cash flows and settles previous disputes related to payment mechanisms for pre-commercial operations date (“Pre-COD”) contractual cash flows. Golar and bp have agreed an updated schedule of daily payments until the Commercial Operations Date (“COD”). The daily payments have step-up mechanisms based on project milestones up to COD and are secured by long stop dates. Golar will also be entitled to certain lump sum bonus payments subject to achievement of certain project milestones. These Pre-COD cash flows are expected to be deferred on the balance sheet and amortized over the 20-year contract term from COD.

Golar LNG Ltd. (“Golar”) has entered into definitive agreements with Pan American Energy (“PAE”) for a 20-year deployment of a Floating Liquefied Natural Gas (“FLNG”) vessel in Argentina. The FLNG project will monetize Argentine gas, tapping into the vast resources from the Vaca Muerta shale formation in the Neuquina Basin, the world's second-largest shale gas resources. The project is expected to start LNG exports within 2027, establishing Argentina as an LNG exporter.

Golar LNG's 2nd Quarter 2024 results will be released before the NASDAQ opens on Thursday, August 15, 2024. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Thursday August 15, 2024. The presentation will be available to download from the Investor Relations section at www.golarlng.com

Further to the press release of June 10, 2024 giving notice that the Golar LNG Limited 2024 Annual General Meeting will be held on August 13, 2024, a copy of the Notice of Annual General Meeting and associated information including the Company’s Annual Report on Form 20-F can be found on our website at https://www.golarlng.com and in the attachments below.

Golar LNG Limited advises that its 2024 Annual General Meeting will be held on Tuesday August 13, 2024.  The record date for voting at the Annual General Meeting is set to June 13, 2024. The notice, agenda and associated material will be distributed prior to the meeting.

Reference is made to the first quarter 2024 report released on May 28, 2024. Golar LNG Limited (“Golar”), NASDAQ ticker: GLNG, has declared a total dividend of $0.25 per share to be paid on or around June 17, 2024.  The record date will be June 10, 2024. Due to the implementation of the Central Securities Depository Regulation (“CSDR”), please note the information below on the payment date for the small number of Golar shares registered in Norway’s central securities depository (“VPS”):

Highlights and subsequent events

Golar LNG Limited (“Golar”) is pleased to announce that it has issued its 2023 Environmental, Social and Governance (“ESG”) report. This comprehensive report details how Golar’s technology and business model including its flagship FLNG business and promising small-scale Flare to Gas (F2X) business, which captures and monetizes flare gas onshore, can help advance the global energy transition to a lower carbon future whilst benefitting the communities we operate in.

Golar LNG's 1st Quarter 2024 results will be released before the NASDAQ opens on Tuesday, May 28, 2024. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Tuesday May 28, 2024. The presentation will be available to download from the Investor Relations section at www.golarlng.com

Golar LNG Limited announces that it has filed its Form 20-F for the year ended December 31, 2023 with the Securities and Exchange Commission in the U.S.

Reference is made to the fourth quarter 2023 report released on February 29, 2024. Golar LNG Limited (“Golar”), NASDAQ ticker: GLNG, has declared a total dividend of $0.25 per share to be paid on or around March 20, 2024.  The record date will be March 12, 2024. Due to the implementation of the Central Securities Depository Regulation (“CSDR”), please note the information below on the payment date for the small number of Golar shares registered in Norway’s central securities depository (“VPS”):

Highlights and subsequent events

Golar LNG's 4th Quarter 2023 results will be released before the NASDAQ opens on Thursday, February 29, 2024. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Thursday February 29, 2024. The presentation will be available to download from the Investor Relations section at www.golarlng.com

Golar LNG Limited (“Golar” or the “Company”) announces that FLNG Gimi arrived at the GTA field offshore Mauritania and Senegal on January 10, 2024. Golar has notified bp of FLNG Gimi’s arrival. Following completion of all preparatory activities FLNG Gimi will be maneuvered to her berth at the hub and for her subsequent connection to the feed gas pipeline. Golar and bp have agreed that FLNG Gimi will proceed to moor offshore Tenerife while awaiting completion of the necessary preparatory activities.

Golar LNG Limited (“Golar” or the “Company”) announces that it has recently re-sold $30.5 million notional value of its senior unsecured bonds maturing 20 October 2025 (ISIN NO0011123432) which were previously held in treasury. Following the sale, Golar maintains $130.6 million notional value of unsecured bonds in treasury.  

Reference is made to the third quarter 2023 report released on November 21, 2023. Golar LNG Limited (“Golar”), NASDAQ ticker: GLNG, has declared a total dividend of $0.25 per share to be paid on or around December 11, 2023.  The record date will be December 1, 2023. Due to the implementation of the Central Securities Depository Regulation (“CSDR”), please note the information below on the payment date for the small number of Golar shares registered in Norway’s central securities depository (“VPS”):

Highlights and subsequent events 

Golar LNG Limited (“Golar”) is pleased to announce that the FLNG Gimi departed Singapore’s Seatrium Shipyard today, November 19, 2023. FLNG Gimi is now sailing under its own propulsion, supported by an escort tug, toward BP’s purpose-built Greater Tortue Ahmeyim (“GTA”) hub offshore Mauritania and Senegal. The voyage is expected to take around 60 days, including refuelling stops in Mauritius prior to rounding the Cape of Good Hope and in Namibia prior to its arrival. Upon arrival, FLNG Gimi will notify BP that it is ready to be moored and connected to the hub, which is expected to trigger the start of contractual cash flows under the 20-year Lease and Operate Agreement on the GTA field.

Golar LNG Limited is pleased to announce that FLNG Hilli Episeyo (“Hilli”) successfully offloaded its 100th LNG cargo on Saturday October 14th. As the world’s first FLNG conversion that also introduced Cameroon as the world’s 20th LNG exporting nation in 2018, Hilli has maintained market leading commercial uptime since her contract start-up. The 100th cargo was loaded on to MV Energy Integrity.

Golar LNG's 3rd Quarter 2023 results will be released before the NASDAQ opens on Tuesday, November 21, 2023. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Tuesday November 21, 2023. The presentation will be available to download from the Investor Relations section at www.golarlng.com

Golar LNG Limited (“Golar” or “the Company”) announces today that it will be hosting a presentation and FLNG Gimi vessel tour at Singapore’s Seatrium Benoi Yard on September 6, 2023 coinciding with Gastech 2023 and ahead of FLNG Gimi’s expected yard departure. Shareholders, analysts and other interested stakeholders are invited to join senior management in Singapore for this unique opportunity to learn more about Golar’s impressive second FLNG vessel ahead of her departure for the Greater Tortue Ahmeyim project.

Reference is made to the second quarter 2023 report released on August 10, 2023. Golar LNG Limited (“Golar”), NASDAQ ticker: GLNG, has declared a total dividend of $0.25 per share to be paid on or around August 29, 2023.  The record date will be August 21, 2023. Due to the implementation of the Central Securities Depository Regulation (“CSDR”), please note the information below on the payment date for the small number of Golar shares registered in Norway’s central securities depository (“VPS”):

Highlights and subsequent events

Golar LNG Limited (the “Company”) advises that the 2023 Annual General Meeting of the Company was held on August 8, 2023 at 10:00 ADT at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda.  The audited consolidated financial statements for the Company for the year ended December 31, 2022 were presented at the Meeting.

Golar LNG's 2nd Quarter 2023 results will be released before the NASDAQ opens on Thursday, August 10, 2023. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Thursday August 10, 2023. The presentation will be available to download from the Investor Relations section at www.golarlng.com

Further to the press release of June 14, 2023 giving notice that the Golar LNG Limited 2023 Annual General Meeting will be held on August 8, 2023, a copy of the Notice of Annual General Meeting and associated information including the Company’s Annual Report on Form 20-F can be found on our website at http://www.golarlng.com and in the attachments below.

Golar LNG Limited advises that its 2023 Annual General Meeting will be held on August 8, 2023.  The record date for voting at the Annual General Meeting is set to June 15, 2023. The notice, agenda and associated material will be distributed prior to the meeting.

Golar LNG Limited (“Golar”) is pleased to announce that it has issued its 2022 Environmental, Social and Governance (“ESG”) report. This comprehensive report describes Golar’s important role in advancing the global energy transition to a lower carbon future - championing LNG as a transition fuel in partnership with renewables, and as a reliable alternative for those in need of energy security today.

Reference is made to the first quarter 2023 report released on May 30, 2023. Golar LNG has declared a total dividend of $0.25 per share to be paid on June 16, 2023. The record date will be June 12, 2023.

Highlights and subsequent events

Pursuant to the announcement dated May 9, 2023 where Golar LNG Limited (“Golar” or the “Company”) instructed Nordic Trustee AS to summon a Written Resolution for the Company's senior unsecured bonds maturing 20 October 2025 (ISIN NO 0011123432), Golar announces today that the Proposed Resolution (as defined in the Summons) was adopted according to the voting requirements of the Bond Terms. The Bond Trustee is therefore authorized to take the necessary actions to implement the Proposed Resolution. In connection with this, on June 2, 2023 Golar will pay a fee, equivalent to 3.75% of the Nominal Amount to bondholders of record on May 31, 2023.

Golar LNG Limited (“Golar” or the “Company”) has today instructed Nordic Trustee AS to summon a written resolution for the Company's senior unsecured bonds maturing 20 October 2025 (ISIN NO 0011123432). The purpose of the written resolution is to consider a proposal for certain amendments to the bond terms (the “Proposal”).

Golar LNG's 1st Quarter 2023 results will be released before the NASDAQ opens on Tuesday, May 30, 2023. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Tuesday May 30, 2023. The presentation will be available to download from the Investor Relations section at www.golarlng.com

Golar LNG Limited announces that it has filed its Form 20-F for the year ended December 31, 2022 with the Securities and Exchange Commission in the U.S.

Further to the announcement on February 6, 2023, Golar LNG Limited (“Golar”) is pleased to confirm today that the agreement to acquire New Fortress Energy Inc.’s (“NFE”) interest in FLNG Hilli, effective January 1, 2023, has closed. 

Golar’s streamlined focus on FLNG positions the company to take advantage of the most profitable segment of the LNG value chain. The recently announced Hilli transaction, the upcoming commencement of the 20-year Gimi contract, and cash flows locked in through the TTF hedges secure strong growth in free cash flow from operations. A strong balance sheet position, low leverage and strong cash flow from operations allow for expansion of the FLNG business and return of value to shareholders. The board and management are exploring alternatives to commence a dividend and/or a new share buyback program.

Golar LNG Limited (“Golar” or “the Company”) has agreed to acquire the New Fortress Energy Inc. (“NFE”) ownership stake in FLNG Hilli in exchange for Golar’s remaining 4.1 million shares in NFE and $100 million in cash. Golar will also take over approximately $323 million in debt obligations linked to Hilli.

Golar LNG's 4th Quarter 2022 results will be released before the NASDAQ opens on Tuesday, February 28, 2023. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Tuesday February 28, 2023. The presentation will be available to download from the Investor Relations section at www.golarlng.com

Golar LNG Limited (“Golar”) announces today that it has unwound the majority of its swap arrangements for its Dutch Title Transfer Facility (“TTF”) linked production on the FLNG Hilli:

12 December 2022

5 December 2022

FLNG operations: Distributable Adjusted EBITDA1 from FLNG Hilli increased by $1.9 million from $92.5 million in Q2 2022 to $94.4 million in Q3, of which Golar's share was $64.1 million, compared to $62.5 million in Q2. FLNG Hilli's scheduled maintenance window during the quarter was extended by several days as a result of unscheduled maintenance work. Accruals for overproduction during Q1 and Q2 2022 amounting to $14.4 million were reversed and an estimated $0.9 million of revenue reduction due to demurrage delays was incurred in Q3. After receiving instruction that FLNG Hilli should continue to produce 0.2MTPA of TTF linked production from 2023 until the end of the current contract in July 2026, Golar entered into three swap transactions collectively securing, subject to vessel availability, around $250 million of incremental earnings attributable to Golar:

Golar LNG Limited (“Golar”) announces today that it has sold around 8 million shares in Cool Company Ltd. (“CoolCo”) raising net proceeds of approximately $100 million. Following the sale Golar will own around 4.5 million CoolCo shares, representing 8.3% of CoolCo.

Golar LNG's 3rd Quarter 2022 results will be released before the NASDAQ opens on Wednesday, November 16, 2022. In connection with this a webcast presentation will be held at 1:00 P.M (London Time) on Wednesday November 16, 2022. The presentation will be available to download from the Investor Relations section at www.golarlng.com

Golar LNG Limited ("Golar") announces today that Perenco Cameroon S.A. (“Perenco”) and Société Nationale des Hydrocarbures (“SNH”), together the customer of FLNG Hilli (“Hilli”), have elected to exercise 0.2 million tons per annum (“MTPA”) of their optional Dutch Title Transfer Facility (“TTF”) linked production volumes from 2023 to July 2026, continuing Hilli’s 2022 production volume of 1.4 million tons per annum.