Latest news with #GolarLNG
Washington Post
28-05-2025
- Business
- Washington Post
Golar LNG: Q1 Earnings Snapshot
HAMILTON, Bermuda — HAMILTON, Bermuda — Golar LNG Ltd. (GLNG) on Tuesday reported net income of $8.2 million in its first quarter. The Hamilton, Bermuda-based company said it had net income of 8 cents per share. Earnings, adjusted for non-recurring costs, were 38 cents per share. The operator of carriers for natural gas shipping posted revenue of $62.5 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on GLNG at
Zawya
14-05-2025
- Business
- Zawya
Africa's Liquefied Natural Gas (LNG) Growth Hinges on Investment, Strategic Partnerships
Accelerating Africa's liquefied natural gas (LNG) ambitions will depend on mobilizing risk-tolerant investment, building strong technical and commercial partnerships, and committing to local capacity-building, according to panelists at the Invest in African Energy (IAE) Forum in Paris. Speaking during a discussion on monetizing African gas sponsored by Perenco, UTM Offshore Managing Director Julius Rone emphasized that LNG demand remains robust, but the missing piece is financing. 'Investment is required. The market is there. LNG is not going anywhere – global gas demand is increasing every year. Therefore, we need the right investors to enable us to monetize our gas.' The $5 billion UTM FLNG project offshore Nigeria is currently in its pre-construction phase. Rone emphasized that indigenous players like UTM Offshore are capable of forming the right partnerships to drive development, with plans to take FID in the coming months, move into the construction phase and expand the company's FLNG technologies beyond Nigeria into other African markets. Competitiveness Starts at the Wellhead For international players, the viability of LNG in Africa hinges on low-cost resources and predictable legal frameworks. Golar LNG's Chief Commercial Officer Federico Petersen noted that while Africa holds a geographic edge over the U.S. in terms of access to global markets, project economics must work from the start. 'In the U.S., both the liquefaction and transport sides are increasing – if Africa can beat the U.S. at the wellhead, then it can have competitive liquefaction and it is closer to Europe and Asia,' said Petersen. He added that technical capability and financial strength are key to delivering projects at scale, along with speed and access to low-cost gas. 'The asset needs to be cheap gas. We look at the asset, the contract and the partner… On the contract side, the legal framework and the stability needs to be there, both for upstream operators and for us.' Infrastructure-First Approach Gas infrastructure must come before LNG exports, according to Denis Chatelan, Head of Business Development at Perenco. The company's strategy has focused on domestic gas use as a foundation for future liquefaction, citing gas-to-power and gas-to-industry projects in Gabon and Cameroon. 'We did not start with liquefaction, but to develop the gas resources… We managed to find the right compromise of investment, ROI and infrastructure,' said Chatelan. 'At Perenco, we have deployed equity. If you want big rewards, then you have to take some risk. We have taken the risk of infrastructure, which is a very important first step to develop the gas resources of a country.' Local Support Critical to Long-Term Success Jiří Rus, Sales&Business Development Director at Neuman&Esser, stressed the importance of original equipment manufacturers building in-country operational support to sustain LNG and gas projects. 'Within our partnerships, we focus on operation. We need to support projects not from Germany, but through local service centers. We have one in Port Harcourt in Nigeria, for example, to support future projects, and now we are doing so in Mozambique,' said Rus. Dominique Gadelle, VP of Upstream&LNG at Technip Energies, echoed the importance of anchoring projects in local benefits. 'Boosting local economies, power generation... This is a must before going to international exports,' he said. 'We can also look at monetizing gas in different ways – fertilizers, for instance. We also need to promote regional cooperation, and we cannot forget local skills, employment and education and training programs.' Distributed by APO Group on behalf of Energy Capital&Power.
Yahoo
03-05-2025
- Business
- Yahoo
Why Golar LNG Limited (GLNG) Went Down On Friday
We recently published a list of . In this article, we are going to take a look at where Golar LNG Limited (NASDAQ:GLNG) stands against other Friday's worst performers. Wall Street's major indices ended the trading week on a strong note, clocking in robust gains as investors cheered better-than-expected non-farm payrolls last month while digesting more corporate earnings results. The tech-heavy Nasdaq led the rally among all major indices, finishing up 1.51 percent. The S&P 500 clocked in a 1.47-percent gain, while the Dow Jones grew by 1.39 percent. Despite the broader market optimism, 10 companies managed to register declines amid dismal earnings performance in the first quarter of the year. In this article, let us explore Friday's 10 worst performers and the reasons behind their decline. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. An aerial view of offshore rigs with oil storage tanks, reflecting the company's marine infrastructure. Golar LNG Limited (NASDAQ:GLNG) Golar LNG snapped an eight-day winning streak on Friday, dropping 6.84 percent to close at $39.64 each as investors resorted to profit-taking to take advantage of gains from the previous days' rally. In recent news, Golar LNG Limited (NASDAQ:GLNG) said that it expects to rake in some $13.7 billion from two long-term charter agreements, which include the 20-year deployment of its FLNG Hilli Episeyo vessel to serve Southern Energy SA off the coast of Argentina. In parallel, Golar LNG Limited (NASDAQ:GLNG) also signed another 20-year binding contract for its MKII FLNG vessel, which is currently under transformation at a shipyard in Yantai, China. According to the company, a notable provision allows it to earn approximately $100 million for each dollar increase above $8 per mmbtu, once both vessels become fully operational. Additionally, Southern Energy has the option to shorten its charter to 12 years for FLNG Hilli and 15 years for MKII FLNG, subject to a three-year notice and associated fees. Overall, GLNG ranks 10th on our list of Friday's worst performers. While we acknowledge the potential of GLNG as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GLNG but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Zawya
25-04-2025
- Business
- Zawya
Golar Liquefied Natural Gas (LNG),Chief Commercial Officer (CCO) Joins Invest in African Energy (IAE) 2025 Speaker Lineup
Federico Petersen, Chief Commercial Officer (CCO) of Golar LNG, will join the upcoming Invest in African Energy (IAE) 2025 Forum in Paris to discuss scaling LNG in Africa, overcoming infrastructure challenges and attracting investment. With Africa rapidly expanding its gas infrastructure, Petersen's insights are expected to showcase how innovative LNG solutions can support sustainable energy growth across the continent. As a global leader in floating LNG (FLNG) solutions, Golar LNG is advancing gas monetization across Africa. The company is actively involved in several key projects, including the Hilli Episeyo FLNG facility off the coast of Cameroon, operational since 2018, which plays a crucial role in unlocking regional gas resources with cost-effective, scalable LNG production. Golar LNG is also a key player in the Greater Tortue Ahmeyim project offshore Senegal and Mauritania, where it owns and operates the Gimi FLNG, which received its first feed gas in January 2025, marking a major milestone in LNG export operations. IAE 2025 ( is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit To sponsor or participate as a delegate, please contact sales@ Additionally, Golar LNG is exploring further opportunities across the continent, including ventures in the Republic of Congo and Nigeria. In June 2024, the company signed an agreement with the Nigerian National Petroleum Corporation to deploy an FLNG vessel in the Niger Delta, utilizing 500 million cubic feet of gas per day to generate LNG, propane and condensate, with a final investment decision expected later this year. The growth of LNG in Africa is set to accelerate in the coming years as key markets seek to tap into their vast natural gas reserves. As such, Petersen's participation at IAE 2025 is poised to showcase the pivotal role of FLNG in enhancing energy security, driving economic growth and fostering regional cooperation. As the global energy landscape shifts toward cleaner, more sustainable sources, LNG will remain crucial in powering Africa's future, offering a reliable transition fuel to support the continent's ambitious energy goals. With IAE 2025 as a platform for high-level dialogue and partnerships, the forum will provide an invaluable opportunity for stakeholders to explore the latest LNG developments, deepen collaboration and drive investments that will shape the future of African energy. Distributed by APO Group on behalf of Energy Capital&Power.
Yahoo
24-04-2025
- Business
- Yahoo
Golar LNG Limited – Q1 2025 results presentation
Golar LNG's 1st Quarter 2025 results will be released before the NASDAQ opens on Wednesday, May 21, 2025. In connection with this, a webcast presentation will be held at 1:00 P.M (London Time) on Wednesday May 21, 2025. The presentation will be available to download from the Investor Relations section at We recommend that participants join the conference call via the listen-only live webcast link provided. Sell-side analysts interested in raising a question during the Q&A session that will immediately follow the presentation should access the event via the conference call by clicking on this link. We recommend connecting 10 minutes prior to the call start. Information on how to ask questions will be given at the beginning of the Q&A session. There will be a limit of two questions per participant. a. Listen-only live webcast linkGo to the Investors, Results Centre section at and click on the link to "Webcast". To listen to the conference call from the web, you need to have a sound card on your computer, but no special plug ins are required to access the webcast. There is a 'Help' link available on the webcast pages for anyone who may have issues accessing. b. Teleconference Conference call participants should register to obtain their dial in and passcode details. This process eliminates wait times when joining the call. When you log in, you can either dial in using the provided numbers and your unique PIN, or select the 'Call me' option and type in your phone number to be instantly connected to the call. Use the following link to register. Please download the presentation material from (Investors, Results Centre) to view it while listening to the conference. If you are not able to listen at the time of the call, you can assess a replay of the event audio for a limited time on (Investors, Results Centre). This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading in to access your portfolio
