$GLNG

3 stories mentioning GLNG

Every FINWIRES story that references GLNG, newest first.

Golar LNG Reports Higher Q1 FLNG Production as Argentina Projects Advance

Golar LNG (GLNG) reported Q1 earnings on Wednesday, highlighting stronger Q1 operational performance from its floating liquefied natural gas fleet.FLNG Gimi produced above its contracted 2.4 million tons per annum capacity during Q1, lifting invoiced day rates 19% above contractual levels, while FLNG Hilli maintained 100% economic uptime through the quarter, the company said.FLNG Gimi completed 10 cargo offloads in the quarter, compared with four cargoes from FLNG Hilli.Golar LNG is upgrading FLNG Hilli ahead of its redeployment from Cameroon to Argentina, with operations expected to begin in the second half of 2027.The company continued construction work on its MKII FLNG project in Argentina, where conversion exceeded 60% completion after more than 10 million manhours without lost-time incidents, according to Golar LNG.Golar LNG expects MKII FLNG to start operations in Argentina in the second half of 2028 with 3.5 million tons per annum capacity, while the project remains on track for delivery during Q4 2027, the company added.Golar LNG also narrowed the concept selection for a fourth FLNG unit and aims to place an order within 2026 as commercial discussions accelerate across Africa, the Middle East and South America, the company said.Price: $56.30, Change: $+0.65, Percent Change: +1.17%

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Sectors26d ago

Sector Update: Energy Stocks Lean Lower Premarket Wednesday

Energy stocks were leaning lower premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.7%.The United States Oil Fund (USO) was down 2.8% and the United States Natural Gas Fund (UNG) was 1.9% lower.Front-month US West Texas Intermediate crude oil was 0.8% lower at $107.77 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 2.3% to $108.68 per barrel, and natural gas futures were down 2.1% at $3.05 per 1 million British Thermal Units.Golar LNG (GLNG) stock was up more than 3% after the company posted higher Q1 net income and operating revenue.Dorian LPG (LPG) shares were up more than 4% after the company reported higher fiscal Q4 adjusted earnings and revenue.Shell (SHEL) unit BG International has sold participating interests in three exploration blocks offshore Uruguay to QatarEnergy. Shell shares were 0.4% lower pre-bell.

$GLNG$LPG$SHEL$UNG$USO$XLE

Sectors26d ago

Sector Update: Energy

Energy stocks were leaning lower premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.6%.The United States Oil Fund (USO) was down 2.5% and the United States Natural Gas Fund (UNG) was 1.6% lower.Front-month US West Texas Intermediate crude oil was 0.8% lower at $107.77 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 2.9% to $108.10 per barrel, and natural gas futures were down 1% at $3.08 per 1 million British Thermal Units.Golar LNG (GLNG) stock was up more than 3% after the company posted higher Q1 net income and operating revenue.

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