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.

Golar LNG Ltd, which still has 25 owned or operated vessels in its fleet, reported a profit in a hectic first quarter that saw the departure of its Chief Executive Iain Ross, the sale of US unit Golar LNG Partners to New Fortress Energy, along with Golar’s half share in the Hygo Energy Transition business in Brazil.

Dec 17 (LNGJ) - Golar LNG, the fleet owner and project developer, said it was advancing with a contract awarded by the Mauritania-Senegal joint venture partners, BP of the UK and Kosmos Energy of the US, for the provision of a floating liquefaction vessel to serve the Greater Tortue and Ahmeyim gas fields offshore West Africa. Golar said it had received a limited notice to proceed, furthering its previous preliminary agreement and heads of terms for the charter first announced in April 2018. The vessel conversion would take place at Keppel Shipyard after the Singapore yard’s delivery of FLNG hull, “Hilli Episeyo”, using liquefaction technology from Black and Veatch Corp. of the US. “Discussions regarding a minority investment in the vessel are also being progressed,” said Golar.