Golar LNG posts USD 7.8 million profit in Q3

Golar LNG posts USD 7.8 million profit in Q3

Golar LNG reported a $7.8 million net profit in the third quarter of 2014, compared to a $24.2 million net loss in Q2.

During the quarter Golar LNG closed a secondary offering of 32,000,000 World Shipholding shares and sold a 10% stake in the Hilli entity to a Keppel Corporation unit.

The company’s third quarter vessel utilization increased from 47% to 56% increasing revenues by 37% to $28.8 million. Golar LNG also took delivery of two newbuild LNG carriers, Golar Penguin and Golar Bear.

The company still expects the chartering market to be challenging through mid-2015, despite the improved utilisation.

LNG World News Staff; Image: Golar LNG

Share this article

Follow LNG World News

One thought on “Golar LNG posts USD 7.8 million profit in Q3”

Comments are closed.

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >