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Golar LNG Ltd (GLNG.OQ)

GLNG.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Golar LNG Ltd announces pricing of $350 mln of 2.75% convertible senior notes due 2022
Tuesday, 14 Feb 2017 

Golar LNG Ltd : Golar LNG Limited announces pricing of $350 million of 2.75% convertible senior notes due 2022 .Golar LNG Ltd - will use approximately $27.1 million of net proceeds from sale of notes to fund cost of initial capped call transactions.  Full Article

Schlumberger and Golar LNG form joint venture
Monday, 25 Jul 2016 

: Golar LNG and Schlumberger form OneLNG joint venture . Joint venture is created to rapidly develop low cost gas reserves to LNG . "The combination of Schlumberger reservoir knowledge, wellbore technologies and production management capabilities, with Golar's low cost FLNG (Floating LNG) solution, will offer gas resource owners a faster and lower cost development thereby increasing the net present value of the resources" . Golar and Schlumberger have 51/49 ownership of the joint venture . Golar and Schlumberger have agreed an initial investment commitment to cover the estimated equity needed to develop the first project . After reviewing the current market opportunities where 40% of the world's gas reserves can be classified as stranded, both parties are excited at the future prospects of OneLNG and are confident that it would conclude 5 projects within the next 5 years (Reporting By Oslo Newsroom) ((stine.jacobsen@thomsonreuters.com;)).  Full Article

Golar says OneLNG targets development of low cost gas reserves to LNG
Monday, 25 Jul 2016 

Golar Lng Ltd : Golar and Schlumberger have 51/49 ownership of joint venture. . Co, Schlumberger will on a project-by-project basis discuss additional debt capital as required . Golar and Schlumberger form OneLNG joint venture: OneLNG targets development of low cost gas reserves to LNG . Golar and Schlumberger have agreed an initial investment commitment to cover estimated equity needed to develop first project .Future financing to take into account Golar's flng intellectual property through equitable contribution mechanism to be agreed between parties.  Full Article

Golar LNG LTD and Stonepeak launch 50/50 JV, Golar Power
Monday, 20 Jun 2016 

Golar Lng Ltd : Golar LNG ltd says Stonepeak is committing $290 million in new equity to develop golar power . Has entered into a 50/50 joint venture with investment vehicles affiliated with private equity firm stonepeak infrastructure partners .Golar LNG ltd says Stonepeak with initial commitment of $290 million, will hope to invest up to $500 million in coming years.  Full Article

Golar LNG says Oscar Spieler to replace Gary Smith as CEO
Tuesday, 10 May 2016 

Golar Lng Ltd : Intends to seek additional capital to fund Golar Power, is engaged in talks with a private equity fund to jointly develop this company . Gary Smith is resigning from his position as chief executive;Oscar Spieler will be appointed to replace Gary as CEO . To explore development of a downstream LNG company comprising implementation of strategic LNG entry points in emerging markets .Board has engaged Krzysztof Zielicki to structure cooperation with Schlumberger.  Full Article

Pakistan LNG passes on Trafigura, Gunvor cargo deliveries - trade

LONDON Pakistan LNG Ltd has decided against awarding in a tender three liquefied natural gas (LNG) cargoes due to be delivered by trading house Trafigura and Gunvor between December and January, trade sources said.