LNG

Golar LNG Ltd, the shipping company now specialising in a small but growing fleet of floating LNG project vessels, reported first-quarter net losses as it maintained “strong engagement with prospective FLNG” clients, including signing an accord with Nigeria National Petroleum Corp. (NNPC) for offshore liquefaction projects.

May 14 (LNGJ) - Golar LNG Ltd named Karl Fredrik Staubo as the new Chief Executive. Staubo had since May 2020 been the CEO of Golar LNG Partners LP, recently sold to New Fortress Energy. Previous Golar LNG Ltd CEO Iain Ross resigned after nearly four years with the Norwegian-founded LNG shipping and projects company as it was completing the sell-off of assets to New York-based firm New Fortress.

   “Staubo has a broad shipping-energy background from Clarksons Platou Securities and Magni Partners,” said a statement. Eduardo Maranhao was named as Golar LNG Ltd’s Chief Financial Officer. “Through the company’s strong strategic positions through the LNG value chain, including upstream, midstream, and downstream, Golar is well positioned to take an active part in the ongoing energy transition with the target to deliver cheaper and cleaner energy,” stated Golar Chairman Tor Olav Troim.