Type | Publicly traded limited company |
---|---|
Nasdaq: GLNG Russell 2000 Component | |
Industry | Conglomerate |
Founded | 2001 |
Headquarters | Hamilton, Bermuda |
Area served | Global |
Key people | Tor Olav Trøim (Chairman), |
Revenue | US $244.0 million (2010) [1] |
US $60.2 million (2010) [1] | |
US $384,000 (2010) [1] | |
Total assets | US$2.078 billion (end 2010) [1] |
Total equity | US$599.3 million (end 2010) [1] |
Number of employees | 33 (end 2010) [1] |
Parent | World Shipholding (47.64%) |
Website | www |
Golar LNG owns and operates marine LNG infrastructure. The company had developed Floating LNG liquefaction terminal (FLNG) and Floating Storage and Regasification Unit (FSRU) projects based on the conversion of existing LNG carriers. Front End Engineering and Design (FEED) studies have now been completed for a larger newbuild FLNG solution. Golar is also collaborating with another industry leader to investigate solutions for the floating production of blue and green ammonia as well as carbon reduction in LNG production.
The company was founded in 1946 as Gotaas-Larsen Shipping Company. In 1970 the company entered the LNG segment.
In 1973, the Gotaas-Larsen oil tanker SS Golar Patricia exploded and sank off the Canary Islands. [2] With gross register tonnage of 98,894 and deadweight tonnage of 216,326 long tons (242,285 short tons; 219,797 t), it was at the time the largest ship ever lost at sea. [2]
The Singapore-based Osprey Maritime bought the company in 1997. In 2000 the John Fredriksen-controlled World Shipholding started a take-over of Osprey, completed in 2001 when the LNG segments of Osprey were transferred to Golar LNG. It was listed on the Oslo Stock Exchange in 2001 and NASDAQ in 2002, 30 August 2012 it was delisted from Oslo Stock Exchange. [3]
In June 2015, Golar LNG announced a joint venture with Stolt-Nielsen to pursue production and distribution opportunities. The latter also made a strategic investment in the former, acquiring a 2.3 percent stake. [4]
Golar LNG Partners LP operates the world's first regasification vessel Golar Spirit converted from an LNG carrier. [5]
A floating production storage and offloading (FPSO) unit is a floating vessel used by the offshore oil and gas industry for the production and processing of hydrocarbons, and for the storage of oil. An FPSO vessel is designed to receive hydrocarbons produced by itself or from nearby platforms or subsea template, process them, and store oil until it can be offloaded onto a tanker or, less frequently, transported through a pipeline. FPSOs are preferred in frontier offshore regions as they are easy to install, and do not require a local pipeline infrastructure to export oil. FPSOs can be a conversion of an oil tanker or can be a vessel built specially for the application. A vessel used only to store oil is referred to as a floating storage and offloading (FSO) vessel.
BW Group is a maritime company involved in shipping, floating gas infrastructure and deep-water oil & gas production. The company has over 490 vessels managed by an international team of over 12,000 staff worldwide. The group was founded by Sir Yue-Kong Pao in Hong Kong in 1955 as World-Wide Shipping. In 2003, the company acquired Bergesen d.y. ASA, Norway's largest shipping company, which was founded in 1935 by Sigval Bergesen the Younger. In 2005, the business was re-branded as BW. With its LNG and LPG fleets combined, BW Group owns and operates the world's largest gas shipping fleet of more than 200 gas vessels, including five FSRUs. Hafnia, a member of the BW Group, operates the world's largest fleet of oil product tankers, and BW Offshore comprises the second largest number of floating oil and gas production units (FPSOs). BW's controlled fleet of over 490 ships also includes crude oil supertankers and dry bulk carriers.
Stolt-Nielsen Limited (SNL) provides transportation and storage for liquids, notably specialty and bulk liquid chemicals. It also has an aquaculture division that grows turbot and other fish and fish products.
Acergy S.A. was an international offshore seabed to surface engineering and construction company previously known as Stolt Offshore and Stolt Comex Seaway and was part of the Stolt-Nielsen Group until 2005. The company was registered in Luxembourg and had its headquarters in London in the United Kingdom as well as offices in Stavanger, Norway; Aberdeen, United Kingdom; Suresnes, France; Houston, United States; Rio de Janeiro, Brazil; Perth, Australia; St. John's, Canada and Singapore. The company was listed on the Oslo Stock Exchange and NASDAQ. In 2011 the firm merged with Cayman Islands-based Subsea 7, Inc. to create Subsea 7 S.A.
Subsea 7 S.A. is a Luxembourgish-domiciled subsea engineering, construction and services company serving the offshore energy industry. The company is registered in Luxembourg with its headquarters in London. Subsea7 is a global leader in the delivery of offshore projects and services for the energy industry.
MISC Group was incorporated in 1968 as Malaysia International Shipping Corporation Berhad and is the leading international shipping line of Malaysia. In September 2005, Malaysia International Shipping Corporation Berhad adopted its present corporate identity and changed its name to MISC Berhad. Its main shareholder is Petroliam Nasional Berhad (Petronas), the national oil conglomerate of Malaysia. With over 50 years of experience, MISC's principal businesses include energy shipping, offshore floating solutions, marine repair and conversion, integrated marine services, port management and maritime services, and maritime education and training. Fleet consists of more than 100 owned and in-chartered vessels with a combined deadweight tonnage capacity of over 13 million tonnes. MISC Group is a proud constituent of the DJSI Emerging Markets Index and FTSE4Good Bursa Malaysia Index, a testament to our strong sustainability performance and ESG practices.
LNG Hrvatska d.o.o. is a company that operates a floating liquefied natural gas (LNG) regasification terminal in Omišalj on the island of Krk, Croatia. It commenced operations on 1 January 2021, with full capacity booked for the next three years.
Golar Spirit is a floating storage and regasification unit (FSRU). It is the world's first FSRU converted from a liquefied natural gas (LNG) carrier.
Qatar Gas Transport Company Limited, commonly known as Nakilat is a Qatari shipping and maritime company. Its LNG shipping fleet is the largest in the world, comprising 74 vessels. The company also jointly owns one Floating Storage Regasification Unit (FSRU) and 4 very large LPG carriers (VLGCs). Through its in-house shipmanagement, Nakilat manages and operates the four very large LPG carriers and 14 LNG carriers.
EXMAR Ship Management is a Belgian registered maritime company. It was established in 1991 as part of the shipping activities of the Compagnie Maritime Belge group, established in 1895 as a diversified shipping group with headquarters in Antwerp, Belgium. When the CMB shareholders decided on the de-merger of the company by spinning off its Gas Transport Business into a new Belgian listed public limited liability company, EXMAR Shipmanagement NV became a 100% affiliate of Exmar NV.
A floating liquefied natural gas (FLNG) facility is a floating production storage and offloading unit that conducts liquefied natural gas (LNG) operations for developing offshore natural gas resources. Floating above an offshore natural gas field, the FLNG facility produces liquefied stores and transfers LNG at sea before carriers ship it directly to markets.
SS Golar Patricia was an oil tanker built by Kawasaki Heavy Industries of Sakaide in Japan for Gotaas-Larsen Shipping Company and launched in 1969. Gotaas-Larsen is a Norwegian company but it registered Golar Patricia in Monrovia to use the Liberian flag of convenience.
Prelude FLNG is a floating liquefied natural gas (FLNG) platform owned by Shell plc and built by the Technip–Samsung Consortium (TSC) in South Korea for a joint venture between Royal Dutch Shell, KOGAS, and Inpex. The hull was launched in December 2013.
A liquefied natural gas terminal is a facility for managing the import and/or export of liquefied natural gas (LNG). It comprises equipment for loading and unloading of LNG cargo to/from ocean-going tankers, for transfer across the site, liquefaction, re-gasification, processing, storage, pumping, compression, and metering of LNG. LNG as a liquid is the most efficient way to transport natural gas over long distances, usually by sea.
Bumi Armada Berhad is an oilfield services company which provides marine transportation, engineering and maintenance services to the offshore oil and gas industry. It is based in Kuala Lumpur, Malaysia, and has operations in Southeast Asia, South Asia, West Africa, Central Africa, Europe, South America and the Caspian Sea region. It is the world's fifth largest floating production storage and offloading (FPSO) provider with six vessels.
MT GDF Suez Neptune is a liquefied natural gas (LNG) carrier, which has been used as a floating storage and regasification unit (FSRU) for LNG at the Aliaga Etki LNG terminal in Aliağa district of İzmir Province, western Turkey between 2016 and 2019.
Teekay is a Canadian shipping corporation which specialises in shipping crude oil.
MT Botaş FSRU Ertuğrul Gazi is a South Korean-built Turkey-flagged offshore support vessel certified as a floating storage regasification unit (FSRU) for liquified natural gas (LNG). She is owned by the Turkish petroleum and natural gas pipeline corporation BOTAŞ, and operated by the Norwegian maritime company Wilhelmsen Ship Management, serving at Botaş Dörtyol LNG Storage Facility in southern Turkey. This is the country's first vessel of this type.