LNG

Golar LNG Chairman Olav Troim apologized to shareholders about the recent earnings disappointments and expressed confidence about strategy and the key role of natural gas in the energy mix for many years to come, leading to a rise in the two Golar shares listed on the Nasdaq global exchange, one by more than 5 percent.

Tellurian Inc. closed its public offering of 10 million shares at $10.00 per share and its net proceeds amounted to $94.8 million to spend mostly on engineering and development expenses for the Driftwood LNG project in Louisiana.