Schlumberger’s withdrawal from an FLNG project involving Golar has reduced the chances of the project progressing but does not mean the death knell has been sounded for Equatorial Guinean scheme, analysts say.
Golar revealed on Friday that Schlumberger had terminated discussions with Ophir Energy to partner in the Fortuna FLNG scheme, sending shares in the shipowner crashing.
Jonathan Chappell, an analyst at Evercore, says investors should not confuse a hiccup with choking.
Chappell
