Hilli

New Fortress Energy Announces Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 8, 2023

Our ability to export liquefied natural gas depends on our ability to obtain export and other permits from governmental and regulatory agencies.

Key Points: 
  • Our ability to export liquefied natural gas depends on our ability to obtain export and other permits from governmental and regulatory agencies.
  • 6) Lead times and expected development times used in this Presentation indicate our internal evaluations of a project’s expected timeline.
  • For our Brazil assets we assume an average delivered cost of gas of $14.66 in 2023 based on industry averages in the region.
  • Management will host a conference call on Wednesday, November 8, 2023 at 8:00 A.M. Eastern Time.

FLNG Hilli offloads 100th LNG cargo

Retrieved on: 
Monday, October 16, 2023

Golar LNG Limited is pleased to announce that FLNG Hilli Episeyo (“Hilli”) successfully offloaded its 100th LNG cargo on Saturday October 14th.

Key Points: 
  • Golar LNG Limited is pleased to announce that FLNG Hilli Episeyo (“Hilli”) successfully offloaded its 100th LNG cargo on Saturday October 14th.
  • As the world’s first FLNG conversion that also introduced Cameroon as the world’s 20th LNG exporting nation in 2018, Hilli has maintained market leading commercial uptime since her contract start-up.
  • The 100th cargo was loaded on to MV Energy Integrity.
  • We see the proven capabilities of FLNG as increasingly valuable in today’s energy market, enabling monetization of associated and stranded gas reserves, and catering to a world dependent on energy diversification for energy security.

New Fortress Energy Announces Second Quarter 2023 Results

Retrieved on: 
Tuesday, August 8, 2023

Our ability to export liquefied natural gas depends on our ability to obtain export and other permits from governmental and regulatory agencies.

Key Points: 
  • Our ability to export liquefied natural gas depends on our ability to obtain export and other permits from governmental and regulatory agencies.
  • “Total Segment Operating Margin” is the total of our Terminals and Infrastructure Segment Operating Margin and Ships Segment Operating Margin.
  • Actual results could differ materially from management’s assumptions, and there can be no assurance that actual performance will reflect our expectations.
  • Management will host a conference call on Tuesday, August 8, 2023 at 8:00 A.M. Eastern Time.

Golar LNG Limited Interim results for the period ended March 31, 2023

Retrieved on: 
Tuesday, May 30, 2023

A Q1 2023 realized gain of $18 million was also recognized in respect of fees for the TTF linked production.

Key Points: 
  • A Q1 2023 realized gain of $18 million was also recognized in respect of fees for the TTF linked production.
  • Collectively a $57 million Q1 2023 realized gain on oil and gas derivative instruments was recognized as a result.
  • During Q1 2023, Golar repurchased $4 million of the $300 million Unsecured Bonds, reducing the outstanding balance to $155 million as of March 31, 2023.
  • The reconciliations as at March 31, 2023, from these results should be carefully evaluated.

New Fortress Energy Announces First Quarter 2023 Results

Retrieved on: 
Thursday, May 4, 2023

There is no guarantee that we will reach our goals and actual results may differ from our expectations.

Key Points: 
  • There is no guarantee that we will reach our goals and actual results may differ from our expectations.
  • For Hygo + Suape assets we assume an average delivered cost of gas of $16.00 in 2023 based on industry averages in the region.
  • Actual results could differ materially from the illustration and there can be no assurance we will achieve our goal.
  • Management will host a conference call on Thursday, May 4, 2023 at 8:00 A.M. Eastern Time.

New Fortress Energy Announces Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Tuesday, February 28, 2023

For Hygo + Suape assets we assume an average delivered cost of gas of $16.00 in 2023 based on industry averages in the region.

Key Points: 
  • For Hygo + Suape assets we assume an average delivered cost of gas of $16.00 in 2023 based on industry averages in the region.
  • We assume all Brazil terminals and power plants are Operational and earning revenue through fuel sales and capacity charges or other fixed fees.
  • Actual results could differ materially from the illustration and there can be no assurance we will achieve our goal.
  • Actual results could differ materially from the illustration and there can be no assurance we will achieve our goal.

New Fortress Energy Sells Stake in Hilli for Cash and Return of Remaining NFE Shares Held by Golar

Retrieved on: 
Monday, February 6, 2023

New Fortress Energy Inc. (“NFE” or the “Company”) (NASDAQ: NFE) announced that it has reached an agreement with Golar LNG Limited (“Golar”) (Nasdaq: GLNG) for the sale of NFE’s ownership stake in the Hilli in exchange for the return of 4.1 million NFE shares and $100 million in cash.

Key Points: 
  • New Fortress Energy Inc. (“NFE” or the “Company”) (NASDAQ: NFE) announced that it has reached an agreement with Golar LNG Limited (“Golar”) (Nasdaq: GLNG) for the sale of NFE’s ownership stake in the Hilli in exchange for the return of 4.1 million NFE shares and $100 million in cash.
  • The acquisition by NFE of all NFE shares held by Golar reduces the number of NFE shares outstanding to approximately 204.7 million shares.
  • As part of the agreement, NFE will also extinguish $323 million in debt obligations associated with its interest in the Hilli.
  • “With this transaction we will sell our minority interest in the Hilli in exchange for 4.1 million shares of NFE and $100 million in cash,” said Wes Edens, Chairman and CEO of New Fortress Energy.

Golar to acquire New Fortress Energy’s stake in FLNG Hilli

Retrieved on: 
Monday, February 6, 2023

Golar LNG Limited (“Golar” or “the Company”) has agreed to acquire the New Fortress Energy Inc. (“NFE”) ownership stake in FLNG Hilli in exchange for Golar’s remaining 4.1 million shares in NFE and $100 million in cash.

Key Points: 
  • Golar LNG Limited (“Golar” or “the Company”) has agreed to acquire the New Fortress Energy Inc. (“NFE”) ownership stake in FLNG Hilli in exchange for Golar’s remaining 4.1 million shares in NFE and $100 million in cash.
  • Golar will also take over approximately $323 million in debt obligations linked to Hilli.
  • Pursuant to the transaction, Golar will acquire the 50% interest in Trains 1 and 2 of FLNG Hilli, currently owned by a subsidiary of NFE.
  • The transaction continues our company simplification, reducing our investments in listed securities whilst unifying the ownership of the FLNG Hilli.

FLNG Hilli – Customer option exercise of TTF linked production

Retrieved on: 
Wednesday, July 27, 2022

Golar LNG Limited ("Golar") announces today that Perenco Cameroon S.A. (Perenco) and Socit Nationale des Hydrocarbures (SNH), together the customer of FLNG Hilli (Hilli), have elected to exercise 0.2 million tons per annum (MTPA) of their optional Dutch Title Transfer Facility (TTF) linked production volumes from 2023 to July 2026, continuing Hillis 2022 production volume of 1.4 million tons per annum.

Key Points: 
  • Golar LNG Limited ("Golar") announces today that Perenco Cameroon S.A. (Perenco) and Socit Nationale des Hydrocarbures (SNH), together the customer of FLNG Hilli (Hilli), have elected to exercise 0.2 million tons per annum (MTPA) of their optional Dutch Title Transfer Facility (TTF) linked production volumes from 2023 to July 2026, continuing Hillis 2022 production volume of 1.4 million tons per annum.
  • The tariff for the 0.2 MTPA from January 2023 to July 2026 is linked to TTF gas prices.
  • Based on current average 2023 TTF gas prices ($45.49/MMBtu) the 0.2 MTPA of production can generate US$135 million of incremental annual Adjusted EBITDA to Golar.
  • Hence Hilli will continue with three components to its Adjusted EBITDA generation; a fixed tariff, a Brent oil linked tariff, and a TTF gas price linked tariff.

Interim results for the period ended March 31, 2022

Retrieved on: 
Thursday, May 26, 2022

All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future are forward-looking statements.

Key Points: 
  • All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future are forward-looking statements.
  • Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements.
  • You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
  • Actual results may differ materially from those expressed or implied by such forward-looking statements.