Golar, Hoegh Give Stolt-Nielsen’s LNG Venture Investment Boost

LONDON, Oct 1 (Reuters) - Liquefied natural gas (LNG) shipping and terminal operators Golar and Hoegh said on Monday they would invest about $50 million into an LNG company set up last year by fellow Nordic firm Stolt-Nielsen. The investments aim to build Avenir LNG into an entity with small LNG vessels and terminals that are expected to be increasingly used in remote … [Read more...]

Rosneft and Golar LNG to Cooperate on Floating LNG Projects

(Reuters) - Norwegian shipping company Golar LNG and Russian oil giant Rosneft have signed a preliminary agreement to develop floating liquefied natural gas (LNG) plants in Latin America and potentially elsewhere, Golar said on Thursday. The new concept of floating LNG production has yet to be tested and the first such plant, owned by Pacific Rubiales and built by Belgium's … [Read more...]

Golar LNG CEO Doug Arnell to Resign

For Golar LNG's CEO Doug Arnell, it's been a good ride. For the past four years his company has increased its market cap 400 percent and grown to be a leader within global LNG shipping and floating LNG storage and liquefaction. For Arnell however, he's decided that it's time to leave London and head back home to Canada and will be relinquishing his post as CEO to … [Read more...]

Golar Announces Plans for Floating LNG Facility Offshore Cameroon

Golar LNG announced plans today to develop a floating liquefied natural gas export project off the coast of Cameroon utilizing the Golar Hilli, an LNG carrier that is currently being converted into an LNG liquefaction vessel at Keppel Shipyard in Singapore. The facility, which will be converted from a Moss-type LNG carrier at a cost of USD $735 million, will be installed 20 … [Read more...]