Golar LNG saw year-on-year growth in its core business of LNG shipping, but still came up short of analysts consensus estimates for the first quarter.

But investors appear to be most concerned about delays to the Fortuna floating LNG project. Schlumberger, which had been a partner in the project, plans to back out due to delays in financing Fortuna.

The Tor Olav Troim-backed company reported a net loss of $21m for the quarter, compared to a $64.2m