FLNG Gimi Force Majeure claim
Golar LNG Limited - Common Shares (GLNG)
US:NASDAQ Investor Relations:
golarlng.com/investors
Company Research
Source: GlobeNewswire
Gimi MS Corp. (the “Company”), a subsidiary of Golar LNG Ltd (Nasdaq: GLNG), received written notification of a force majeure claim (the “Notice”) from BP Mauritania Investments Ltd (“BP”) under the Lease and Operate Agreement, dated February 26, 2019, between the Company and BP (the “Agreement”), relating to the Greater Tortue Ahmeyim project. The Notice received from BP claims that due to the recent outbreak of the novel coronavirus (COVID-19) around the globe, BP is not able to be ready to receive the floating liquefied natural gas facility “GIMI” on the target connection date in 2022. BP estimates at this stage that the consequential delay caused by the claimed force majeure event is in the order of one year and that it is not currently possible to mitigate or shorten this delay. Golar has asked BP to clarify how a force majeure event discovered as recently as the end of March 2020 could immediately impact the schedule by an estimated one year. Based on the information
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News
- Golar LNG Q3 Earnings Beat, Revenues Match Estimates [Yahoo! Finance]Yahoo! Finance
- Golar LNG Limited (NASDAQ: GLNG) was downgraded by analysts at Fearnley Fonds from a "strong-buy" rating to a "hold" rating.MarketBeat
- Golar LNG Limited (NASDAQ: GLNG) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- Golar LNG Ltd (GLNG) Q3 2024 Earnings Call Highlights: Strategic Expansions and Financial Challenges [Yahoo! Finance]Yahoo! Finance
- Key information relating to the cash dividend to be paid by Golar LNG Limited (Ticker: GLNG)GlobeNewswire
GLNG
Sec Filings
- 11/12/24 - Form 6-K
- 11/12/24 - Form 6-K
- 11/8/24 - Form SC
- GLNG's page on the SEC website