LNG

Baker Hughes-GE, the energy services company and LNG equipment supplier, reported sluggish first-quarter earnings even as it logged two important turbomachinery contracts for projects in West Africa and the US Gulf Coast.

KBR, the US engineering and hydrocarbon services company, reported an increase in net profits amid optimism about the liquefied natural gas market as it looked forward to securing more mid-scale projects with joint venture partner ConocoPhillips.

Golar LNG, the fleet owner and project company, reported mixed fortunes for the floating production ventures it is involved in offshore four nations in West Africa, Equatorial Guinea, Cameroon, Senegal and Mauritania.

Kosmos Energy, the US company based in Dallas with plans for floating LNG projects offshore the West African states of Senegal and Mauritania, saw its net losses widen in the first quarter as it continued to develop its joint venture with BP of the UK.

Golar LNG, the Bermuda-based fleet operator and project company, has signed a preliminary charter agreement on the provision of a floating liquefied natural gas production hull for the BP-led FLNG venture planned for offshore the West African states of Senegal and Mauritania.

Kosmos Energy, the stakeholder with BP of the UK in two floating LNG production projects for natural gas discoveries in the Greater Tortue fields offshore Senegal and Mauritania in West Africa, said it completed its latest drilling in a Mauritanian exploration well and would be moving on for a two-month drilling campaign near existing feed-gas finds.

Kosmos Energy, the partner of BP in the offshore West Africa floating LNG projects using feed-gas from Senegal and Mauritania, said it was continuing its drilling programme in what is the early stages of opening a newly emerging basin containing multiple leads and prospects.

Kosmos Energy, the Dallas-based exploration and production company developing West African floating liquefied natural gas projects with BP of the UK, saw its shares fall 7.5 percent in its first full day of trading on the London Stock Exchange where it now has a secondary listing.