Welcome to our dedicated page for Golar LNG news (Ticker: GLNG), a resource for investors and traders seeking the latest updates and insights on Golar LNG stock.
Golar LNG Ltd (GLNG) generates frequent news flow through its activities in floating liquefied natural gas (FLNG), long-term LNG contracts and capital markets transactions. Company announcements and Form 6-K filings highlight developments in its FLNG fleet, including operational updates for FLNG Hilli and FLNG Gimi and progress on the 3.5 MTPA MKII FLNG conversion project in China. These updates often cover cargo offload milestones, performance optimization periods and preparations for redeployment and life extension work.
Investors following GLNG news can track key commercial milestones such as 20-year charter agreements with Southern Energy S.A. in Argentina, including Final Investment Decision and satisfaction of conditions precedent for the MKII FLNG charter. News releases detail the fixed charter hire components, commodity-linked tariff structures and the associated multi-year EBITDA or earnings backlogs that underpin Golar’s long-term business outlook.
Golar LNG’s news flow also includes financing and balance sheet events. Recent announcements describe a $1.2 billion asset-backed bank facility for FLNG Gimi, a private offering of senior unsecured notes due 2030, and convertible senior notes used to fund growth and share repurchases. Dividend declarations, share buyback program approvals and updates on legacy FSRU operate and maintain agreements are also disclosed in periodic interim results.
On this GLNG news page, readers can review company-issued press releases and related regulatory disclosures that cover operational performance, chartering activity, financing transactions and corporate actions. For those monitoring the LNG and FLNG space, Golar’s news provides insight into the evolution of floating liquefaction projects, long-term LNG export arrangements and the company’s approach to capital structure and commodity-linked earnings exposure.
Golar LNG Limited has engaged DNB Markets and Pareto Securities as Global Coordinators for a potential USD 4-year senior unsecured bond issue, pending market conditions. Proceeds will refinance maturing convertible bonds and support general corporate purposes. The company has also secured terms for two new bank financing facilities: a $200 million Revolving Credit Facility to replace a $100 million facility, and a $182 million refinancing facility for the Golar Tundra. Both facilities are subject to final documentation and will lower the interest rates significantly.
Golar LNG Limited held its 2021 Annual General Meeting on August 10, 2021, in Hamilton, Bermuda. Key highlights included the presentation of audited financial statements for the year ended December 31, 2020. Resolutions passed at the meeting featured the re-election of directors Tor Olav Trøim, Daniel Rabun, Thorleif Egeli, Carl Steen, Niels G. Stolt-Nielsen, Lori Wheeler-Naess, and Georgina E. Sousa. Additionally, Ernst & Young LLP was re-appointed as auditors, and the Board's remuneration was approved at a maximum of US$1,750,000 for 2021.
Golar LNG reported a record net income of $471.4 million for Q2 2021, driven by the successful sale of Hygo Energy and Golar Partners to New Fortress Energy at a significant gain. The company recorded an Adjusted EBITDA of $67 million, maintaining 100% uptime for Hilli, which now has increased capacity utilization. The FLNG Hilli's operational cash flows are expected to rise with Brent crude prices. Golar's debt was reduced by $102 million, enhancing liquidity. Overall, Golar anticipates substantial cash generation improvement due to favorable LNG market conditions.
Golar LNG will announce its 2nd Quarter 2021 results before NASDAQ opens on August 9, 2021. A webcast presentation is scheduled for 3:00 P.M. (London Time) the same day, accessible through the Golar LNG website. Participants may join via a live webcast or teleconference. The Q&A will follow the presentation, limited to two questions per participant. Replay information will be provided for those unable to attend.
Golar LNG Limited has reached an agreement with Perenco Cameroon and Société Nationale des Hydrocarbures to enhance the capacity utilization of the FLNG Hilli Episeyo. Starting in 2022, this will add 200,000 tons of LNG, totaling 1.4 million tons for the year. The capacity increase could yield an additional US$26.1 million in Adjusted EBITDA, contingent on European gas prices. Additionally, there's potential for a further 400,000 tons of capacity from January 2023, which may generate an expected US$30.4 million.
Golar retains an 86.9% interest in the incremental EBITDA generated.
Golar LNG Limited has announced that its 2021 Annual General Meeting will take place on August 10, 2021. The company provided a link to the Notice of Annual General Meeting and its Annual Report on Form 20-F, which can be accessed on their official website. This annual meeting is an important event for shareholders, providing insights into the company's performance and future plans.
The press release was issued on June 28, 2021, from Hamilton, Bermuda.
Golar LNG Limited has announced its 2021 Annual General Meeting (AGM) scheduled for August 10, 2021. Shareholders should note that the record date for voting at the AGM is set for June 16, 2021. The agenda, notice, and other materials related to the meeting will be distributed ahead of time.
The announcement comes from Golar LNG Limited in Hamilton, Bermuda, dated June 8, 2021.
The recent press release from Golar outlines substantial advancements following the transactions with New Fortress Energy, closing on April 15, which have bolstered Golar's balance sheet. Shipping rates remain strong at approximately $70,000 per day, exceeding seasonal expectations. Golar anticipates an ongoing growth in LNG trade at a 4% CAGR, supporting future earnings. The company has appointed new CEO Karl Fredrik Staubo and CFO Eduardo Maranhao, facilitating leadership continuity. Financially, Golar reports a net income of $25.36 million, a significant recovery from a loss of $104.25 million in Q1 2020.
Golar LNG Limited has released its 2020 Environmental, Social, and Governance (ESG) report, highlighting its commitment to a lower carbon future and the role of LNG as a transitional fuel. The report outlines targets for 2030 in key areas like Health, Safety, Environmental Impact, and Governance. Key ambitions include a 25% reduction in carbon intensity and a lost-time injury frequency below 0.8. CEO Karl Fredrik Staubo emphasizes teamwork in achieving these goals, aiming to improve employee well-being and reduce emissions.
The board of Golar LNG Limited has appointed Karl Fredrik Staubo as the new CEO and Eduardo Maranhao as CFO as of May 13, 2021. Staubo, previously CEO of Golar LNG Partners LP and acting CFO, has significant experience in shipping and energy. Maranhao has been with Golar since 2015 and brings extensive international energy project experience. Chairman Tor Olav Troim expressed confidence in the new management team's ability to enhance operations and leverage opportunities in the LNG market, aiming for cheaper and cleaner energy solutions.
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