LNG

Kosmos Energy, the US-based shareholder in the floating liquefied natural gas joint venture offshore the West African nations of Mauritania and Senegal, swung to a profit from a prior-year loss as more progress was made on the FLNG project.

Golar LNG, which has an operated and owned fleet of 28 vessels, reported a more than four-fold increase in losses as it reorganized the business following the sale of the Hygo Energy stake and Golar LNG Partners to New York-based LNG-to-power firm New Fortress Energy.