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Golar LNG - GLNG STOCK NEWS

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.

About Golar LNG (GLNG)

Golar LNG Limited (NASDAQ: GLNG) is a globally recognized provider of innovative liquefied natural gas (LNG) midstream infrastructure solutions. With over 40 years of experience in the LNG industry, Golar has established itself as a pioneer in floating LNG (FLNG) technology, enabling the efficient monetization of natural gas reserves. The company specializes in the liquefaction, transportation, and regasification of LNG, delivering flexible and cost-effective solutions to meet the needs of natural gas producers, energy companies, and utilities worldwide.

Core Business Areas

Golar LNG operates at the intersection of upstream, midstream, and downstream LNG operations, offering a vertically integrated approach to the LNG value chain. The company's primary business areas include:

  • Floating Liquefaction (FLNG): Golar's FLNG vessels convert natural gas into LNG directly at offshore locations, providing a cost-efficient alternative to onshore liquefaction facilities. This technology reduces project timelines and capital expenditures, making it an attractive solution for monetizing stranded or remote gas reserves.
  • Floating Storage and Regasification Units (FSRUs): These units facilitate the storage and regasification of LNG, enabling a seamless transition from sea-based transportation to land-based energy distribution. FSRUs offer a fast-track, scalable solution for meeting regional energy demands.
  • Power Generation: Through its joint venture Golar Power, the company integrates LNG infrastructure with power generation capabilities, providing end-to-end solutions that extend from natural gas extraction to electricity production.

Market Position and Competitive Landscape

Golar LNG has strategically transitioned from its legacy LNG shipping business to focus exclusively on FLNG and FSRU infrastructure, positioning itself as a leader in the floating LNG market. This specialization allows Golar to differentiate itself from competitors by offering innovative, low-cost, and adaptable solutions tailored to a dynamic energy landscape. Key competitors include traditional LNG infrastructure providers and specialized floating solution companies, but Golar's technological expertise and joint ventures, such as OneLNG with Schlumberger, enhance its competitive edge.

Technological Expertise and Innovations

Golar's FLNG technology is a cornerstone of its operations, enabling the company to liquefy natural gas directly at offshore sites. This innovative approach eliminates the need for extensive onshore infrastructure, reducing environmental impact and project costs. The company's FSRUs further enhance its portfolio by offering scalable, mobile solutions for LNG storage and regasification. These technologies position Golar as a key enabler of global LNG trade, particularly in regions with limited access to traditional energy infrastructure.

Operational Flexibility

Golar's floating solutions are designed to thrive in low commodity price environments, providing clients with adaptable and economically viable options for LNG projects. The company's ability to deploy assets quickly and efficiently ensures that it remains a preferred partner for energy producers and utilities seeking reliable LNG infrastructure.

Conclusion

Golar LNG Limited stands at the forefront of the LNG midstream sector, offering innovative, flexible, and cost-effective solutions that address the evolving needs of the global energy market. Through its focus on FLNG and FSRU technologies, Golar continues to play a pivotal role in enabling the monetization of natural gas reserves and supporting the transition to cleaner energy sources.

Rhea-AI Summary
Golar LNG Limited (Golar) announces that FLNG Gimi has arrived at the GTA field offshore Mauritania and Senegal, marking a significant milestone for the company's long-term relationship with bp and the GTA partners. The CEO, Karl-Fredrik Staubo, expressed his satisfaction with the arrival, highlighting the excitement to integrate the Golar FLNG Facility with the GTA hub and commence LNG production. Rahman Rahmanov, bp's vice president projects for Mauritania & Senegal, emphasized the achievement as a major step forward for the overall delivery of the GTA1 project.
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Golar LNG Limited (Golar) announces the re-sale of $30.5 million notional value of its senior unsecured bonds and an update on its share buyback program. The company has bought back 1,126,682 shares, reducing the total outstanding shares to 104,798,000. Golar maintains $130.6 million notional value of unsecured bonds in treasury, with $92.9 million remaining for further share repurchases.
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Golar LNG (GLNG) declares a total dividend of $0.25 per share to be paid on or around December 11, 2023, with a record date of December 1, 2023. Due to the CSDR, shares registered in Norway's VPS will receive dividends in NOK. Ex-date is November 30, 2023.
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Golar LNG (GLNG) reports Q3 2023 net income of $114 million and Adjusted EBITDA of $75 million. The company achieved an operating milestone with FLNG Hilli and finalized the sale of LNG carrier Gandria. Golar also declared a dividend of $0.25 per share for the quarter.
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Golar LNG Limited (Golar) announces the departure of FLNG Gimi from Singapore's Seatrium Shipyard. The vessel is sailing to BP's GTA hub offshore Mauritania and Senegal, with expected cash flows under a 20-year Lease and Operate Agreement. CEO Karl-Fredrik Staubo expresses gratitude to suppliers and looks forward to doubling the operating fleet of FLNGs.
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Pioneer Power Solutions, Inc. (Nasdaq: PPSI) has announced a significant expansion in the South Central Region by providing an e-Boost electric vehicle charging solution to MACAW Energies. This solution will support MACAW's low carbon LNG to ultra high-speed EV charging in Texas, aiming to accelerate EV adoption for fleet customers through a pilot project.
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Golar LNG will release its 3rd Quarter 2023 results on November 21, 2023. A webcast presentation will be held at 1:00 P.M (London Time) on the same day.
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Golar LNG Limited announces presentation and FLNG Gimi vessel tour in Singapore on September 6, 2023.
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Golar LNG Limited (GLNG) declares a total dividend of $0.25 per share to be paid on or around August 29, 2023. The record date is August 21, 2023. Due to the implementation of the CSDR, dividends payable to shares registered in the VPS will be distributed in NOK. Ex-date is August 18, 2023.
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Golar LNG Limited reports Q2 2023 net income of $7 million and adjusted EBITDA of $83 million. The company has executed amendments to reduce debt service cost and has agreed to sell an LNG carrier for $15 million. They have also signed an agreement with Nigeria National Petroleum Corporation for joint development of gas fields using FLNG. FLNG Gimi conversion works are 97% complete and the yard departure is scheduled for September 2023. Golar has repurchased 1.4 million shares and declared a dividend of $0.25 per share for the quarter.
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FAQ

What is the current stock price of Golar LNG (GLNG)?

The current stock price of Golar LNG (GLNG) is $33.07 as of March 6, 2025.

What is the market cap of Golar LNG (GLNG)?

The market cap of Golar LNG (GLNG) is approximately 4.3B.

What does Golar LNG (GLNG) do?

Golar LNG provides floating liquefied natural gas (FLNG) and regasification solutions, enabling efficient natural gas liquefaction, storage, and transportation.

How does Golar LNG generate revenue?

Golar LNG generates revenue through its FLNG and FSRU operations, offering cost-effective infrastructure solutions for natural gas producers and energy companies.

What are Golar's competitive advantages?

Golar's competitive advantages include its innovative FLNG technology, operational flexibility, and vertically integrated approach to the LNG value chain.

Who are Golar LNG's key competitors?

Golar LNG's competitors include traditional LNG infrastructure providers and specialized floating solution companies like Shell and Höegh LNG.

What is the significance of Golar's FLNG technology?

Golar's FLNG technology enables the offshore liquefaction of natural gas, reducing project costs and timelines while providing a scalable solution for monetizing remote gas reserves.

What is the role of FSRUs in Golar's operations?

FSRUs facilitate the storage and regasification of LNG, offering a fast-track, mobile solution for transitioning LNG from sea-based transportation to land-based energy distribution.

How does Golar LNG support the global energy transition?

Golar LNG supports the global energy transition by providing innovative LNG infrastructure solutions that enable cleaner energy production and distribution.

What is Golar Power's role in the company's business model?

Golar Power, a joint venture, integrates LNG infrastructure with power generation capabilities, offering end-to-end solutions from natural gas extraction to electricity production.

Why did Golar LNG exit its shipping business?

Golar LNG exited its legacy shipping business to focus exclusively on higher-margin FLNG and FSRU infrastructure, aligning with its strategic vision of becoming a specialized LNG midstream company.

What industries does Golar LNG serve?

Golar LNG serves natural gas producers, energy companies, and utilities, providing infrastructure solutions for LNG liquefaction, transportation, and regasification.
Golar LNG

Nasdaq:GLNG

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4.27B
97.76M
10.85%
73.64%
4.09%
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