Abra Group announced in a securities filing on late Thursday that it has ceased negotiations in regards to a potential merger between Brazilian carrier Gol, which it controls, and rival Azul. That alt... ...

By Gabriel Araujo and Luciana Magalhaes SAO PAULO (Reuters) -Airline group Abra has decided to terminate talks on a potential merger between Brazilian carrier Gol, which it controls, and rival Azul, a securities filing showed late on Thursday. The move ends prospects for the creation of a dominant airline in Latin America's largest economy, which would have held roughly 60% of the domestic market, surpassing the local unit of Chile-based LATAM Airlines. Abra Group - the majority investor in Gol and Colo ...

Core Viewpoint - Golar LNG Limited has announced a private offering of $500 million in unsecured senior notes due 2030, with an interest rate of 7.500% per year, maturing on October 2, 2030 [1]. Group 1: Offering Details - The offering consists of $500 million in aggregate principal amount of unsecured senior notes [1]. - The notes will bear an interest rate of 7.500% per year and will mature on October 2, 2030 [1]. - The notes will be issued at par and will be senior unsecured obligations of the company [1]. Group 2: Settlement Information - The sale of the notes to the initial purchasers is expected to settle on October 2, 2025, subject to customary closing conditions [2]. Group 3: Regulatory Information - The notes are being offered in the United States only to qualified institutional buyers under Rule 144A and to persons outside the United States in compliance with Regulation S [4]. - The notes have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption [4].

Core Viewpoint - Golar LNG Limited has initiated a series of fixed income investor meetings to discuss a potential offering of benchmark 5NC2 senior unsecured notes, subject to market conditions [1] Group 1: Offering Details - The company has mandated a syndicate of banks to arrange investor meetings starting September 22, 2025 [1] - The offering may consist of USD 144A/Reg S denominated benchmark 5NC2 senior unsecured notes [1] Group 2: Regulatory Considerations - The offering of the notes may be restricted by law in certain jurisdictions, and recipients of the announcement should inform themselves about such restrictions [3] - The notes have not been registered under the U.S. Securities Act and may not be offered or sold within the United States except under specific exemptions [4] - The announcement is directed only at professional investors and not retail investors in the European Economic Area or the United Kingdom [5][6] Group 3: Forward-Looking Statements - The announcement contains forward-looking statements reflecting management's expectations and projections regarding the offering of notes and intended use of proceeds [9] - These statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual outcomes to differ materially [10]

Core Insights - Golar LNG Limited has secured a 20-year charter agreement for the FLNG Hilli in Argentina, generating a net charter hire of $285 million per year, totaling $5.7 billion over the contract term [2][6][7] - The company reported a Q2 2025 net income of $16 million and an Adjusted EBITDA of $49 million, with a total cash position of $891 million [6][20][27] - Golar's share of contractual debt as of June 30, 2025, is approximately $2.05 billion, reflecting a significant increase from the previous year [20][28][38] Financial Performance - The company experienced a 13% decrease in net income year-over-year for Q2 2025, with total operating revenues increasing by 17% [20][21] - Adjusted EBITDA backlog increased by $13.7 billion, with significant upside potential from commodity-linked tariffs [6][11] - The company declared a dividend of $0.25 per share for Q2 2025, with a total of 102.3 million shares outstanding [18][20] Operational Developments - The FLNG Gimi achieved Commercial Operations Date (COD) in June 2025, with Golar owning 70% of the asset and an expected net earnings backlog of approximately $3 billion [4][6] - The MKII FLNG conversion project is on schedule, with $0.8 billion spent to date, and is expected to be delivered in Q4 2027 [5][8] - Golar is exploring additional FLNG growth units and has engaged with three prospective shipyards for future projects [12][13] Market Position and Strategy - Golar is positioned as a leading provider of FLNG solutions, capitalizing on the increasing demand for flexible LNG export options [13][14] - The company aims to optimize asset-level debt and secure attractive financing for future FLNG projects [3][5] - Golar's 10% ownership in Southern Energy S.A. (SESA) provides additional commodity exposure, equating to approximately $28 million in annual commodity exposure for every $1/MMBtu change in achieved FOB prices [10][11]

Core Viewpoint - Golar LNG Limited has announced that Southern Energy S.A. has reached a Final Investment Decision (FID) for the charter of Golar's 3.5MTPA MK II FLNG, marking a significant milestone for both companies in establishing Argentina as a key LNG exporter [1][4]. Group 1: Charter Agreement Details - The 20-year charter agreement includes a net charter hire of US$ 400 million per year, along with a commodity-linked tariff component of 25% of FOB prices exceeding US$ 8/mmbtu [2]. - The MKII FLNG is currently being converted in China and is expected to sail to Argentina, with contract start-up anticipated in 2028 [2]. - The combined nameplate capacity of the MKII FLNG and the FLNG Hilli is 5.95MTPA, which is expected to yield significant operational efficiencies and synergies [2]. Group 2: Company Background and Ownership - Southern Energy S.A. is formed to facilitate LNG exports from Argentina and is owned by a consortium of Argentinian gas producers, including Pan American Energy (30%), YPF (25%), Pampa Energia (20%), Harbour Energy (15%), and Golar (10%) [3]. - The MKII FLNG project is subject to regulatory conditions and customary closing conditions, which are progressing as scheduled and expected to be completed by 2025 [3]. Group 3: Financial Implications - The FID solidifies $8 billion of net earnings visibility over 20 years for Golar, with potential upside from the FLNG commodity tariff component and Golar's shareholding in SESA [4].

Core Viewpoint - Golar LNG Limited announces the appointment of Mr. Stephen J. Schaefer to its Board of Directors effective August 1, 2025, highlighting his extensive experience in the natural gas and electricity markets [1][3]. Company Summary - Mr. Schaefer has been involved in the natural gas and electricity sectors since 1993 and currently serves as Chairman of Talen Energy Corporation and is a board member of GenOn Energy [2]. - His previous roles include Chairman of GenOn Energy and Texgen Power LLC, and board member for Homer City Holdings LLC and Element Markets LLC [2]. - Prior to retirement in 2015, Mr. Schaefer was a Partner at Riverstone Holdings, focusing on energy investments, and was a Managing Director at Huron Consulting Group, where he founded its Energy Practice [2]. - From 1998 to 2003, he served as Managing Director and Vice President of Duke Energy North America, overseeing mergers and acquisitions [2]. - Mr. Schaefer is a Chartered Financial Analyst and holds a B.S. in Finance and Accounting from Northeastern University [2]. Industry Insight - The appointment of Mr. Schaefer is expected to enhance Golar's growth ambitions due to his deep expertise in global energy markets and strategic vision [3]. - The company anticipates valuable insights and leadership from Mr. Schaefer, which will be instrumental in advancing its objectives [3].

Core Viewpoint - Golar LNG Limited has released its 2024 Environmental, Social and Governance (ESG) report, which is available on the company's website [1]. Group 1 - The 2024 ESG report is now issued by Golar LNG Limited [1].

Core Points - Golar LNG will release its Q2 2025 results before the NASDAQ opens on August 14, 2025 [1] - A webcast presentation will take place at 1:00 P.M (London Time) on the same day [1] - Participants are encouraged to join the conference call via the live webcast link [1] Webcast and Teleconference Details - The live webcast can be accessed through the Investors, Results Centre section on Golar LNG's website [2] - Conference call participants must register to obtain dial-in and passcode details to avoid wait times [3] - Presentation materials can be downloaded from the website to view during the conference [4]

Core Points - Golar LNG Limited announced the closing of a $575 million offering of 2.75% Convertible Senior Notes due 2030, with $75 million from the initial purchasers' option [1][2] - The Notes are senior, unsecured obligations with a conversion rate of 17.3834 common shares per $1,000 principal amount, equating to an initial conversion price of approximately $57.53 per share, representing a 40% premium over the recent closing price [2] - A portion of the proceeds will be used to repurchase 2.5 million common shares, reducing the total outstanding shares to 102.3 million, while the remaining proceeds will support general corporate purposes, including growth investments and debt repayment [3] Summary by Sections Offering Details - The offering consists of 2.75% Convertible Senior Notes due 2030, sold in a private placement to qualified institutional buyers [1] - The Notes bear interest at 2.75% per annum, payable semi-annually, and mature on December 15, 2030 [2] Conversion Features - The initial conversion rate is set at 17.3834 common shares per $1,000 principal amount, with an initial conversion price of approximately $57.53 per share, reflecting a 40% premium over the closing price of $41.09 on June 25, 2025 [2] Use of Proceeds - The company plans to use part of the net proceeds to repurchase 2.5 million common shares and intends to cancel these shares, reducing the outstanding share count [3] - Remaining proceeds will be allocated for general corporate purposes, including future growth investments and debt repayment [3]