BP issues force majeure notice to Golar LNG unit on floating facility [Yahoo! Finance News]
Golar LNG Limited - Common Shares (GLNG)
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Source: Yahoo! Finance News
April 7 ) - Golar LNG Ltd said on Tuesday that it received a force majeure notice from a BP Plc unit seeking to delay taking delivery of a floating liquefied natural gas facility by a year.The notice is the latest force majeure claim issued in the LNG sector that is struggling with a seasonal plunge in demand as well as the spread of the coronavirus outbreak, which has further hammered the consumption of the super-chilled fuel globally.BP is expecting a one-year delay due to the pandemic and currently sees no possibility in reducing the duration of the new timing, according to a statement from Golar's unit Gimi MS Corp.The oil major was expected to take delivery of the facility in 2022 and charter it for 20 years to liquefy gas from its Greater Tortue Ahmeyim project on the maritime border between Mauritania and Senegal.Golar said it was in talks with BP to establish the duration of the delay and the extent to which this has been caused by the coronavirus outbreak.The plant is designe
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GLNG
News
- Golar LNG (NASDAQ:GLNG) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=GLNG&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</aMarketBeat
- Golar LNG (NASDAQ:GLNG) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Golar LNG announces successful completion of $1.2BN FLNG Gimi bank facility [Yahoo! Finance]Yahoo! Finance
- Golar LNG announces successful completion of $1.2BN FLNG Gimi bank facilityGlobeNewswire
- Golar LNG (NASDAQ:GLNG) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
GLNG
Sec Filings
- 11/25/25 - Form 6-K
- 11/13/25 - Form 6-K
- 11/5/25 - Form 6-K
- GLNG's page on the SEC website