NOTE : In this article, "LNG" exclusively refers to Cheniere Energy, Inc. and should not be confused with the acronym for liquefied natural gas. While "LNG" is both the ticker symbol for Cheniere Energy and a common acronym for liquefied natural gas, in this article, it will onlyI am set to join UCLA's Master of Financial Engineering program this fall. I hold undergraduate degrees in finance and computer science from Indiana University Bloomington. My professional background includes internships in private ...

Suphanat Khumsap More than three years ago, New Fortress Energy (NFE) acquired Golar LNG Partners in a $1.9 billion transaction that likely saved the debt-laden partnership from a potential bankruptcy filing. Shortly after closing, the partnership decided to delist its 8.75% Series A Cumulative Redeemable Preferred Units (OTC:GMLPF) from Nasdaq. With the preferred units now trading on the OTC Expert Market, the majority of investors is precluded from trading in the securities except for closing existing pos ...

Golar LNG’s (GLNG) financial stability is challenged by inflationary pressure pushing up the operating expenses. Elevated vessel operating expenses are further putting a strain on the company’s bottom line, making it an unattractive choice for investors’ portfolios.Let’s delve deeper.Southward Earnings Estimate Revision: The Zacks Consensus Estimate for current-quarter earnings has been revised 34.6% downward in the past 90 days. For the current year, the consensus mark for earnings has moved 31.3% south in ...

As the global shift toward cleaner energy sources accelerates, the demand for liquefied natural gas (LNG) is projected to rise significantly, with the United States emerging as a key exporter. In response to this growing demand, energy companies are making substantial investments in liquefaction facilities. Leading players such as Cheniere Energy Inc (LNG) , Sempra (SRE) and Kinder Morgan Inc (KMI) are at the forefront of this expansion, driving innovation and increasing capacity to capitalize on the burgeo ...

Golar LNG Limited (“Golar”) has mandated DNB Markets and Pareto Securities as Global Coordinators and Joint Bookrunners, and Clarksons Securities and Fearnley Securities as Joint Bookrunners, to arrange a series of fixed income investor meetings commencing Monday 2 September 2024. A new USD denominated 5-year senior unsecured fixed rate bond issue may follow, subject to inter alia market conditions. The net proceeds from the contemplated bond issue are to be applied for capital expenditure and/or refinancin ...

Fokusiert/iStock via Getty Images Introduction Although the main entity Hoegh LNG Partners was delisted upon the acquisition, the preferred shares are still trading but on an over the counter basis with (OTC:HMLPF) as ticker symbol. It goes without saying the lack of access to a Tier-1 listing hurts the share price of the preferred shares. That being said, ever since the delisting, Hoegh LNG Partners continued to pay the preferred dividends while it also still publishes detailed financial statements on ...

ExxonMobil Corporation (XOM) and QatarEnergy have requested a three-year extension from U.S. regulators to complete the construction of the $10-billion Golden Pass liquefied natural gas (LNG) export project on the Texas coast. The extension appeal, submitted to the Federal Energy Regulatory Commission (“FERC”), is intended to accommodate scheduling uncertainties and a change in primary contractors, per a Reuters report. The project, originally slated for completion by November 2026, is now set to be accompl ...

Key Highlights: 2nd Quarter operating netbacks of $5.08/Mcf natural gas and $51.58/bbl condensate ($29.74/boe).Conditionally awarded two Productive Participation Contracts to develop and produce hydrocarbons in Venezuela.Creation of new Oilfield Services Division to capitalize on LNG Energy Group’s unique vertical integration.Repayment of $11.8 million in senior secured bank indebtedness to date. TORONTO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (F ...

TORONTO, Aug. 22, 2024 (GLOBE NEWSWIRE) -- LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FWB: E26) (the “Company” or “LNG Energy Group”) is excited to announce the creation of its new Oilfield Services Division at its wholly owned subsidiary, Lewis Energy Colombia, Inc. (“LEC”). Distinct from most other E&P companies, LEC owns and operates three rigs – two drilling and one workover – capable of executing a wide range of well services, including new exploration and development wells. “L ...

BP plc (BP) , the UK supermajor, and Bermuda-based Golar LNG have successfully settled a payment dispute related to the Floating Liquefied Natural Gas (“FLNG”) unit, Gimi, which is set to operate at the Greater Tortue Ahmeyim (“GTA”) gas project off the coasts of Mauritania and Senegal. The agreement involves a commercial reset that simplifies contractual cash flows and resolves previous disagreements concerning payment mechanisms for pre-commercial operations.New Payment Structure and Milestone-Based Bonus ...