Gladstone LNG

Golar Power takes major step towards one of world’s largest GHG reduction initiatives

Retrieved on: 
Thursday, July 23, 2020
Petroleum production, Petroleum industry, Fuels, Energy, Golar LNG, Liquefied natural gas, Gladstone LNG, Floating production storage and offloading

Golar Power Limited (Golar Power), a joint venture between Golar LNG Limited (NASDAQ ticker: GLNG) and Stonepeak Infrastructure Partners, is pleased to announce today the execution of a Memorandum of Understanding with Norsk Hydro to develop the first LNG terminal in the North of Brazil, a major step towards one of the largest greenhouse gas reduction initiatives, globally.

Key Points: 
  • Golar Power Limited (Golar Power), a joint venture between Golar LNG Limited (NASDAQ ticker: GLNG) and Stonepeak Infrastructure Partners, is pleased to announce today the execution of a Memorandum of Understanding with Norsk Hydro to develop the first LNG terminal in the North of Brazil, a major step towards one of the largest greenhouse gas reduction initiatives, globally.
  • Alunorte will also be the first operational customer for the Barcarena FSRU that Golar Power plans to bring into operation during the first half of 2022.
  • Once the terminal becomes operational, Golar Power also expects to operate a comprehensive LNG distribution network across the state of Par and the region.
  • This trend creates a massive opportunity for Golar Power to replicate the initiative in different countries over the years to come.

KBR Awarded Energy Efficiency Opportunities Study for Gladstone LNG

Retrieved on: 
Thursday, May 28, 2020
Gladstone LNG, Gladstone, Queensland, Fuels, Energy, Industries, KBR, Liquefied natural gas, Santos Limited

HOUSTON, May 28, 2020 /PRNewswire/ --KBR (NYSE: KBR) announced today that it has been awarded an energy efficiency opportunities study at Gladstone LNG (GLNG) by Santos Ltd., a leading energy group in Australia.

Key Points: 
  • HOUSTON, May 28, 2020 /PRNewswire/ --KBR (NYSE: KBR) announced today that it has been awarded an energy efficiency opportunities study at Gladstone LNG (GLNG) by Santos Ltd., a leading energy group in Australia.
  • Building on KBR's strong and successful portfolio within the LNG sector, the study seeks to explore opportunities to improve the overall energy efficiency of the plant and reduce CO2 emissions associated with the GLNG liquefaction facility.
  • KBR will assist GLNG in identifying and screening potential modifications to enhance the operational facility through improvements of thermal efficiency while also accounting for the associated reduction in carbon emissions.
  • KBR is a global provider of differentiated professional services and technologies across the asset and program lifecycle within the Government Solutions and Energy sectors.

FLNG Gimi Force Majeure claim

Retrieved on: 
Tuesday, April 7, 2020
Oil companies, Companies, Petroleum industry, BP, Force majeure, Golar LNG, Gladstone LNG, Force majeure, Liquefied natural gas

Gimi MS Corp. (the Company), a subsidiary of Golar LNG Ltd (Nasdaq: GLNG), received written notification of a force majeure claim (the Notice) from BP Mauritania Investments Ltd (BP) under the Lease and Operate Agreement, dated February 26, 2019, between the Company and BP (the Agreement), relating to the Greater Tortue Ahmeyim project.

Key Points: 
  • Gimi MS Corp. (the Company), a subsidiary of Golar LNG Ltd (Nasdaq: GLNG), received written notification of a force majeure claim (the Notice) from BP Mauritania Investments Ltd (BP) under the Lease and Operate Agreement, dated February 26, 2019, between the Company and BP (the Agreement), relating to the Greater Tortue Ahmeyim project.
  • BP estimates at this stage that the consequential delay caused by the claimed force majeure event is in the order of one year and that it is not currently possible to mitigate or shorten this delay.
  • Golar has asked BP to clarify how a force majeure event discovered as recently as the end of March 2020 could immediately impact the schedule by an estimated one year.
  • Based on the information received as of today the Company is engaging in clarification and an active dialogue with BP to establish the duration of the delay and the extent to which this has been caused by the claimed force majeure event.

Golar Power reaches COD at 1.5GW Sergipe Power Plant

Retrieved on: 
Monday, March 23, 2020
Petroleum production, Energy, Petroleum industry, Fuels, Golar LNG, Floating production storage and offloading, Gladstone LNG, Liquefied natural gas, Brazilian Electricity Regulatory Agency

Golar LNG Limited ("Golar") announces today that Golar Power Limited ("Golar Power"), a joint venture with Stonepeak Infrastructure Partners, has reached COD on the 1.5GW Porto de Sergipe I Power Project (the "Project").

Key Points: 
  • Golar LNG Limited ("Golar") announces today that Golar Power Limited ("Golar Power"), a joint venture with Stonepeak Infrastructure Partners, has reached COD on the 1.5GW Porto de Sergipe I Power Project (the "Project").
  • On March 21 Golar Power received its commercial operations certificate from ANEEL (Brazilian Electricity Regulatory Agency).
  • Golar LNG (GLNG) owns 25% of the power station through its 50% investment in Golar Power.
  • Commencement of power plant operations also triggered the start of bareboat charter payments for the 100% Golar Power owned FSRU Golar Nanook.

Golar Power forms Partnership with BR Distribuidora

Retrieved on: 
Tuesday, February 18, 2020
Fuels, Petroleum production, Golar LNG, Liquefied natural gas, Gladstone LNG, Petrobras Distribuidora, Natural gas, Chemistry, Golar Spirit

Golar Power Limited (Golar Power) and Petrobras Distribuidora S.A. (BR Distribuidora) announce today the formation of a Partnership for the development of an LNG distribution businesses in Brazil.

Key Points: 
  • Golar Power Limited (Golar Power) and Petrobras Distribuidora S.A. (BR Distribuidora) announce today the formation of a Partnership for the development of an LNG distribution businesses in Brazil.
  • Both Golar Power and BR Distribuidora believe that LNG is an innovative and potentially disruptive solution for the transportation sector in Brazil that delivers environmental benefits as well as important economic gains for customers, society and for Brazil as a whole.
  • Golar Power, a 50/50 Joint Venture between Golar LNG Limited (Golar) (NASDAQ: GLNG) and the North American investment fund Stonepeak Infrastructure Partners has an important presence in the LNG chain in Brazil.
  • The partnership between Golar Power and BR Distribuidora foresees the use of the entire network of gas stations and supply bases of BR Distribuidora as well as Golar Power's LNG terminals and ships to facilitate the comprehensive rollout of LNG supply to Brazils transportation and industrial sectors, particularly in regions not supplied by gas pipelines.