Keppel Shipyard has confirmed a contract worth $735m to convert an existing Moss LNG carrier into a floating liquefaction (FLNG) vessel for Golar Hilli Corporation, subsidiary of Golar LNG.

Golar LNG is looking to raise $594m from a follow-on stock offering to fund initial milestone payments for a Floating LNG (FLNG) conversion at Keppel Shipyard.

Singapore’s Keppel Shipyard has entered into a conditional contract with Golar Hilli Corporation, subsidiary of Golar LNG, to perform a conversion of an existing Moss LNG carrier into a floating liquefaction vessel (FLNGV).

Golar LNG has reported a first quarter profit of $13m as lacklustre global LNG production caused negative growth and a lack of cargoes.

ABS has bagged the classification of Malaysian state-oil and gas firm Petronas’ second Floating LNG facility PFLNG 2.

Nippon Yusen Kaisha (NYK) plans to invest JPY530bn ($5.13bn) in LNG carriers and the offshore business over the next five years, while making its container and dry bulk segments more asset light.

China has officially joined the growing band of countries seeking to play a role in putting flesh on Cyprus’ multi-billion-dollar plans to develop the island’s natural gas reserves.

Daewoo Shipbuilding & Marine Engineering (DSME) has begun laying the keel for a new Petronas floating LNG liquefaction facility at its shipyard in Okpo, South Korea.

China’s first floating liquefied natural gas (FLNG) import terminal is expected to start operation next month, according to local Chinese media reports.

Braemar Shipping Services' LNG technical consultancy, Braemar Engineering, has been selected as owner's engineers on United LNG, the world's largest FLNG project.