Golar LNG Ltd shares surged over the weekend as the company entered a definitive agreements with Pan American Energy (PAE) for a 20-year deployment of one of its floating LNG production units in Argentina to tap the vast resources of the Vaca Muerta Shale.
Perenco, the European oil and gas company that has recently been increasing its upstream assets, is in talks with BP to acquire gas field interests in the Caribbean LNG exporting nation Trinidad and Tobago.
Italian oil and gas major Eni said it closed the sale to Anglo-French energy company Perenco of Eni’s participation interest in several upstream permits in the Republic of the Congo in West Africa.
Golar LNG Ltd, the shipping company now specialising in a small but growing fleet of floating liquefied natural gas production and import project vessels, said the “Hilli Episeyo” had seen its 100th cargo lifted from offshore Cameroon in West Africa.
New Fortress Energy (NFE), the US LNG-for-power project developer has reached an agreement with shipping company Golar LNG for the sale of NFE’s ownership stake in a floating LNG production hull deployed off Cameroon in West Africa.
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.
Dutch firm Boskalis Subsea Services said it completed a multi-million-dollar contract awarded by French energy group Perenco to support a pipeline and gas lifespan extension project in the UK’s Southern North Sea in competition to liquefied natural gas deliveries.
Golar LNG, the owner and operator with its affiliates of a fleet of 27 vessels, has been experiencing setbacks in plans to spin off shipping operations and to become an infrastructure company in gas-fired power joint ventures.
Royal Dutch Shell has exported its long-awaited first LNG cargo on the 173,400 cubic metres capacity carrier “Valencia Knutsen” from its massive Prelude floating LNG plant off northwest Australia, sealing the nation’s position as the world’s top exporter of the fuel.
Royal Dutch Shell said it was taking its time to start commercial operations from its Prelude floating liquefied natural gas project offshore northwest Australia to make sure everything went according to plans.