AmericasCorporate

Golar’s JV Hygo Energy launches IPO

By Mirza Duran
FSRU Golar Nanook
FSRU Golar Nanook (Image: Golar LNG)

Golar LNG’s joint venture with Stonepeak Infrastructure Partners, Hygo Energy Transition, has launched an initial public offering.

The offering is for 23.1 million shares at a price between $18.00 and $21.00 per common share, Golar LNG said on Thursday.

This follows a registration statement previously filed with the US SEC by Hygo Energy, formerly known as Golar Power.

In addition, Hygo intends to grant the underwriters a 30-day option to purchase up to an additional 3.46 million shares.

Hygo has applied to list the common shares on the Nasdaq Global Select Marketplace under the ticker symbol “HYGO.”

Following the consummation of the initial public offering, Golar will own 50 million shares in Hygo, it said.

Most Popular

Contracts and Tenders

Wison to work on FLNG solutions with Bumi Armada and FPSO Ventures

Chinese FLNG builder Wison New Energies is joining forces with Malaysia's Bumi Armada and FPSO Ventures to jointly advance lease-and-operate solutions for the FLNG market.
Contracts and Tenders

China’s ENN inks LNG cooperation pact with Trafigura

Chinese independent gas distributor ENN has signed a memorandum of understanding with commodity trader Trafigura to explore cooperation in liquefied natural gas (LNG).
Contracts and Tenders

Technip Energies bags Amigo LNG gig

French LNG engineer Technip Energies has been selected by LNG Alliance Pte for an enhanced project management consultant role for the Amigo LNG project in Mexico.

More News Like This

LNG Terminals

Golar eyes fleet of more than seven FLNGs

Floating LNG player Golar LNG has made a pathway to increase its FLNG fleet to over seven units after ordering its fourth unit and securing two more shipyard slots, according to CEO Karl Fredrik Staubo.
Contracts and Tenders

Golar inks LoI with Seatrium for new FLNG conversion

Floating LNG player Golar has entered into a letter of intent with Singapore's Seatrium to secure incremental FLNG yard capacity for another FLNG conversion.
LNG Terminals

Golar orders fourth FLNG in China

Floating LNG player Golar LNG said that it had executed an engineering, procurement, and construction (EPC) agreement with China's Yantai CIMC Raffles Offshore for its fourth FLNG and second MKII FLNG with an annual liquefaction capacity of 3.5 mtpa.
LNG Terminals

Golar’s FLNG on way to Singapore from Cameroon

Golar LNG's FLNG Hilli, which has worked offshore Cameroon’s Kribi since 2018, has left the country under tow and is on its way to Seatrium’s shipyard in Singapore, where upgrades and life extension work will be carried out prior to its deployment in Argentina.