FLNG’s speedy development times suggest it could play a major role in responding to heightened LNG demand as Europe turns away from Russian gas. [Gas in Transition, Volume 2, Issue 3]
Golar LNG picks new CEO
May 14, 2021 7:19:am
Summary
by: Joseph Murphy
Posted in:
Golar LNG picks new CEO
Bermuda-headquartered LNG vessel operator Golar LNG said on May 13 its board had appointed Karl Fredrik Staubo as its CEO, following the abrupt departure of his predecessor Iain Ross in April.
Staubo has been CEO since May last year of Golar LNG Partners, a subsidiary that was sold to US-based New Fortress Energy in April. He has also worked as CFO of the parent company. Golar LNG s board has picked Eduardo Maranhao to replace Staubo as CFO. We are convinced that the company has a strong management team ready to stream-line Golar’s existing operations and also explore the opportunities we see in the LNG market today, Golar chairman Tor Olav Troim said in a statement. Through the company’s strong strategic positions through the LNG value chain, including upstream, midstream, and downstream, Golar is well positioned to take an active part in the ongoing energy tran
US-based New Fortress builds LNG footprint
Apr 16, 2021 1:45:pm
Summary
by: Daniel Graeber
US-based LNG company New Fortress Energy announced April 15 it had completed acquisitions that build up its capabilities in the Brazilian market and in international LNG.
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New Fortress Acquires Golar Units for $5bn: Update
Jan 13, 2021 3:00:pm
Summary
by: Joe Murphy
Posted in:
New Fortress Acquires Golar Units for $5bn: Update
US LNG developer New Fortress Energy (NFE) announced on January 13 it had agreed to buy Hygo Energy Transition and Golar LNG Partners (GMLP), two subsidiaries of Bermuda-registered LNG shipping group Golar LNG, for a combined $5bn.
NFE will buy 100% of Hygo, a joint venture between Golar LNG and US investment firm Stonepeak Infrastructure Partners. Formerly known as Golar Power, Hygo was set up in 2016 to develop LNG-based transportation and power infrastructure. The business controls a floating storage and regasification unit (FSRU) in Sergipe, Brazil, and a 50% interest in a 1,500-MW power plant that receives its gas. It has two other planned FSRUs due to support 1,200 MW of power generation in Brazil. Hygo s fleet also includes two LNG carriers (LNGCs).