Golar Bullish on LNG Shipping
Supported by low LNG prices, the LNG spot and short term market continues to represent an ever increasing share of global LNG trade, said Golar LNG, a liquefied natural gas shipping company registered in Bermuda."Continued strong growth in LNG production around the world and associated lower pricing together with customer’s increased focus on their ESG responsibility is also accelerating their appetite to switch from burning coal, fuel oil and diesel to cheaper and cleaner LNG…
Golar Power Wins Brazil Plant Gig
Golar LNG, a liquefied natural gas shipping company registered in Bermuda, said that its joint venture with Stonepeak Infrastructure Partners, Golar Power Limited has been awarded a 25 year power purchase agreement (PPA) for the construction of a 605MW combined cycle thermal power plant.The LNG-to-power Project will be developed by CELBA (Centrais Eletricas Barcarena S/A), a special purpose company 50% controlled by Golar Power.Located in the Brazilian city of Barcarena, State of Pará…
Keppel to Start Work on Golar's FLNG vessel
Keppel Shipyard Ltd (Keppel Shipyard), has received the Final Notice to Proceed (FNTP) from Gimi MS Corporation, a subsidiary of Golar LNG Limited, to commence full conversion works for the Gimi Floating Liquefaction Vessel (FLNG) project.The wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M) said in a press release that the total contract is worth US$947million and builds on the issuance of the Limited Notice to Proceed (LNTP) on 17 December 2018.Keppel Shipyard's…
Keppel, Golar to Build FLNG Facility
Keppel Corporation will partner liquefied natural gas (LNG) shipping company Golar LNG to develop a floating LNG facility (FLNG) facility to be located on the Mauritania and Senegal maritime border.Keppel will partner Golar by subscribing for 30 per cent in Gimi MS Corporation, through Keppel's indirect wholly owned subsidiary First FLNG Holdings (FFH). The remaining 70 per cent in Gimi MS Corporation will be subscribed by Golar.Gimi MS will build and operate the facility, said the company.Keppel and Golar have previously partnered on the FLNG Hilli Episeyo…
LNG Shipping Rates Spike with No Respite Seen Through 2019
The price of shipping liquefied natural gas (LNG) has spiked in September and is likely to remain high next year, buoyed by rising production from new plants and concerns that demand for LNG vessels will outpace supply.The rate for vessels shipping LNG from the Atlantic Basin to Asia has jumped to $90,000 to $95,000 a day this week from $75,000 a day at the end of August, brokers and traders said.Rates, which broadly hovered around $30,000 to $40,000 a day from 2015 to 2017, have risen due to longer distances covered to transport LNG from new terminals in the United States and Arctic Russia…
Golar LNG Closes FLNG Hilli Episeyo Financing
Owner and operator of LNG carriers Golar LNG has secured $ 200 million in additional liquidity as part of a debt financing deal related to the Hilli Episeyo. Golar LNG announced that following the June 4th announcement of commercial acceptance of Hilli Episeyo, the Company has repaid the $640 million drawn under the $700 million construction financing facility and drawn down on the post acceptance $960 million lease financing facility provided by CSSC Leasing. After the closing therefore an additional $320 million of liquidity has been received by Golar.
Golar LNG Enters Preliminary Deal for BP FLNG
Golar LNG Limited announced it has entered into a Preliminary Agreement and exchanged Heads of Terms (HoT) for an FLNG vessel for phase 1A of the Greater Tortue / Ahmeyin field, located offshore Mauritania and Senegal.The Preliminary Agreement with BP Mauritania Investments Ltd and BP Senegal Investments Ltd creates obligations on Golar to progress FEED work and be ready for a vessel conversion from July 1, 2018 onward, which would be contingent on Project FID, expected end 2018.The vessel conversion would take place at Keppel Shipyard Ltd, building on Keppel's delivery of the FLNG Hilli Episeyo, utilizing Black and Veatch Corporation's…
Golar LNG Appoints Iain Ross as CEO
Shipping company Golar LNG Ltd said it has appointed Iain Ross as its new chief executive. Ross succeeds Oscar Spieler, who was appointed as CEO last year after having previously led the company between July 2009 and June 2011. Spieler was in charge of the company's FLNG Hilli Episeyo project and is leaving after its delivery, but would remain with the group as executive adviser, the company said in a statement. Ross has joined Golar from project delivery company WorleyParsons Ltd, Golar LNG said. Reporting by Kanishka Singh
Briggs Marine Adds New Vessel in Liverpool
U.K. marine contractor Briggs Marine said it is set to further increase its fleet with the delivery of a new vessel following trials earlier this month. A total of three ORC 171 Fast Pilot vessels were ordered in 2016 and have been designed by French naval architect Pantocarene for the builder, Goodchild Marine in Great Yarmouth. The 17 meter craft Kittiwake, which is the first of the three vessels to be completed, wrapped up trials early May and is set to join Briggs’ long-term contract in the Port of Liverpool, as part of a fleet renewal. Further orders are in the pipeline.
Briggs Marine Expanding in Liverpool
U.K. marine contractor Briggs Marine is expanding in the North West of England with new water-side facilities in Port of Liverpool. The 500 sq m building will allow Briggs to offer a greater range of services, and will assist the company in further developing its offering in renewables, sub-marine engineering and port services in this busy region. The company currently has approximately 80 personnel based in the region, with plans to increase this number as a result of the growing presence and anticipated future work.
Serco Takes Delivery of 27th Damen Vessel
Serco took delivery of its 27th Damen vessel in the Port of Amsterdam as a three-year contract for 29 vessels nears completion. In 2007, Serco placed the multi-vessel order with the Damen Shipyards Gorinchem to enable the international services to support the British Royal Navy at its bases in Portsmouth, Devonport and the Clyde. The order included pilot boats, supply boats, tugboats, high-speed craft and barges. All of the vessels are specifically built for the naval contract. The very latest delivery, the SD Christina, is the third of four sister ASD tugs.