Golar LNG

Golar LNG Limited
Publicly traded limited company
Traded as NASDAQ: GLNG
Industry LNG carrier shipping
Founded 2001
Headquarters Hamilton, Bermuda
Area served
 Global
Key people
 John Fredriksen (Chairman), Doug Arnell (CEO)
Revenue US $244.0 million (2010)[1]
US $60.2 million (2010)[1]
Profit 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.golargas.com

Golar LNG is liquefied natural gas shipping company based in London and registered in Bermuda. The company operates 13 LNG carriers and is listed on NASDAQ and is controlled by John Fredriksen.

History

The company was founded in 1946 as Gotaas-Larsen Shipping Company. In 1970 the company entered the LNG segment.

In 1973 the Gotaaas-Larsen oil tanker SS Golar Patricia exploded and sank off the Canary Islands.[2] Her Gross Register Tonnage was 98,894 long tons (110,761 short tons; 100,481 t) and her deadweight tonnage was 216,326 long tons (242,285 short tons; 219,797 t), which at the time made was the largest ship ever lost at sea.[2]

The Singapore-based Osprey Maritime bought the company in 1997. In 2000 the 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 operates the world's first regasification vessel Golar Spirit converted from an LNG carrier.[5]

References

  1. 1 2 3 4 5 6 "Annual Report 2010" (PDF). Golar LNG. Retrieved 2011-12-18.
  2. 1 2 Lettens, Jan (2011-04-17). "Golar Patricia [+1973]". Wrecksite.eu. Retrieved 2012-07-20.
  3. ↑ "Golar LNG Limited". NewsWeb. Retrieved 2012-09-02.
  4. ↑ Reuters (11 June 2015). "Stolt-Nielsen and Golar LNG enter joint venture". Reuters. Retrieved 11 June 2015.
  5. ↑ "Golar LNG Delivers World's First FSRU to Petrobras". Downstream Today. 2009-01-30. Retrieved 2009-01-31.

External links

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