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Golar LNG Ltd. has closed its acquisition of New Fortress Energy Inc.’s interest in a floating LNG facility in Hilli, offshore Kribi, Cameroon.
Golar LNG’s deal, announced in February, includes the return of 4.1 million shares of New Fortress Energy stock and $100 million in cash. The transaction, which has a Jan. 1, 2023 effective date, includes the assumption of $323 million in debt associated with operations in Hilli.
New Fortress Energy is a global energy infrastructure company.
2024-01-11 - U.S. midstream and energy infrastructure has a mixed outlook for 2024, with a possible loss in demand and stronger focus on renewables offset by solid oil prices and a healthy midstream industry with pockets of growth.
2024-01-04 - Analyst: More deals like Williams’ $1.95 billion acquisition of natural gas storage in Louisiana and Mississippi could be on the horizon as limited capacity becomes a challenge.
2024-01-19 - Kinder Morgan reports customers may need more space on its Gulf Coast Express by 2027.
2024-02-20 - Export demand drives a record fourth quarter as companies including Enterprise Products Partners, MPLX and Williams look to expand in the NGL market.
2023-12-13 - The East Daley Analytics webinar ‘Dirty Little Secrets’ forecasts instability over the mid-term as major changes come to most sectors of the oil and gas industry.