Welcome to our dedicated page for Crown LNG Holdings Ordinary Shares news (Ticker: CGBS), a resource for investors and traders seeking the latest updates and insights on Crown LNG Holdings Ordinary Shares stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Crown LNG Holdings Ordinary Shares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Crown LNG Holdings Ordinary Shares's position in the market.
Crown LNG Holdings (Nasdaq: CGBS) has finalized two strategic acquisitions: KGLNG in Kakinada, India, and LNG import terminal assets in Grangemouth, Scotland. The Kakinada project acquisition, valued at $60 million in Crown LNG shares, includes an operating license for a planned LNG import terminal that will operate year-round in harsh weather conditions, supporting India's goal to increase natural gas usage to 15% by 2030. The Grangemouth project, acquired for $25 million in shares from GBTron Lands , aims to enhance UK's energy security, where LNG imports increased 74% from 2021 to 2022.
Crown LNG Holdings , a provider of LNG liquefaction and regasification terminal technologies for harsh weather locations, has announced the filing of unaudited financial statements for its wholly owned subsidiary, Crown LNG Holding AS, for the six-month period ended June 30, 2024. The filing, submitted on Form 6-K to the U.S. Securities and Exchange Commission (SEC) on October 16, 2024, is accessible through the SEC's website.
Crown LNG reaffirms its commitment to its strategic priorities, which include:
- Advancing its India and Scotland projects towards Final Investment Decision
- Pursuing revenue-generating mergers and acquisitions
- Exploring opportunities for liquefied natural gas export facility development
These strategic objectives were previously outlined in Crown's Corporate Update, available on the company's Investor page.
Crown LNG Holdings , a provider of LNG terminal technologies, has received a notification from Nasdaq on September 3, 2024, regarding non-compliance with the minimum bid price requirement. The company's stock has traded below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). Crown LNG has until March 3, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. If unsuccessful, the company may be eligible for an additional 180-day compliance period. Crown LNG is considering options to address this issue, including a potential reverse stock split. However, there is no guarantee that the company will regain compliance with the Bid Price Rule.
Crown LNG Holdings (NASDAQ: CGBS), a provider of LNG regasification and liquefaction terminal technologies for harsh weather locations, has issued a corporate update. The company aims to capitalize on growing customer demand and emerging market conditions. Key points include:
1. Advancing projects toward Final Investment Decision (FID), including the GBS project in Kakinada, India (target FID: Q3 2025) and a floating LNG import terminal in Firth of Forth, Scotland (target FID: Q2 2025).
2. Evaluating revenue-generating M&A opportunities to expand capabilities in the LNG value chain.
3. Exploring liquefaction opportunities in key production markets like the USA and Canada.
Crown LNG is positioned to address the increasing demand for weather-resistant, critical LNG infrastructure as global energy needs grow.
Crown LNG Holdings (NASDAQ: CGBS) has appointed Andrew Judson as Chairman of the Board, effective August 2, 2024. Judson replaces Jørn Husemoen, who will continue as a Board member and CFO. Judson, an independent director since July 2024, brings extensive experience in finance and energy sectors. He currently serves as a Senior Advisor at Fort Capital and has held leadership positions at Camcor Partners and FirstEnergy Capital. Judson also serves on the boards of Pieridae Energy and Condor Energies Inc.
Crown LNG, a provider of LNG terminal technologies for harsh weather locations, views this appointment as strategic for navigating complex financial and geopolitical landscapes as they begin their journey as a public company. The company aims to leverage Judson's expertise to execute their growth strategy effectively.
Crown LNG Holdings has selected IKM Engineering & Environmental Consultants as its partner for the design and engineering of a planned floating LNG import terminal in the Firth of Forth, Scotland. This marks a significant step towards the Final Investment Decision (FID) for the Grangemouth project, targeted for late 2024. The project aims to enhance the UK's energy security, addressing increased LNG imports and geopolitical impacts on energy markets.
IKM's role will encompass Pre-FEED and FEED phases, including project management, execution planning, consenting, process design, facility layout optimization, detailed engineering, and procurement support. The project will utilize floating storage and regasification unit (FSRU) technology. A site study has been completed, and Crown will proceed with the consenting process with Scottish and UK Governments.
FAQ
What is the current stock price of Crown LNG Holdings Ordinary Shares (CGBS)?
What is the market cap of Crown LNG Holdings Ordinary Shares (CGBS)?
