Golar LNG Ltd, the shipping company with a small but growing fleet of floating liquefied natural gas production and project vessels including the “Hilli Episeyo” offshore Cameroon and the “FLNG Gimi” for offshore Mauritania and Senegal, swung to a profit from a previous loss.

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Saipem, the Italian subsea and drilling company, has been awarded contracts in the LNG-producing nation of Angola for the Azule Energy joint venture and for wells in the Côte d'Ivoire where the West African nation is aiming to boost oil and gas production.

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UK major BP reported a loss for the third quarter of $2.5 billion, explained as the accounting effects of liquefied natural gas risk management, compared with a $3.1Bln profit for the previous 2021 quarter and $450M of losses posted in the same three months of 2020.

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