Golar LNG

Golar LNG is a liquefied natural gas shipping company registered in Bermuda. The company operates 26 LNG carriers and is listed on NASDAQ.

Golar LNG Limited
TypePublicly traded limited company
NASDAQ: GLNG
Russell 2000 Component
IndustryLNG carrier shipping
Founded2001
HeadquartersHamilton, Bermuda
Area served
Global
Key people
Tor Olav Trøim (Chairman),
RevenueUS $244.0 million (2010)[1]
US $60.2 million (2010)[1]
US $384,000 (2010)[1]
Total assetsUS$2.078 billion (end 2010)[1]
Total equityUS$599.3 million (end 2010)[1]
Number of employees
33 (end 2010)[1]
ParentWorld Shipholding (47.64%)
Websitewww.golarlng.com

History

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 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]

References
  1. "Annual Report 2010" (PDF). Golar LNG. Retrieved 18 December 2011.
  2. Lettens, Jan (17 April 2011). "Golar Patricia [+1973]". Wrecksite.eu. Retrieved 20 July 2012.
  3. "Golar LNG Limited". NewsWeb. Retrieved 2 September 2012.
  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. 30 January 2009. Retrieved 31 January 2009.
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