Car Wash fails to deter Golar investors

摘要

BRAZILIAN oil giant Petrobras has said it will review Golar Power's participation in a tender for the lease of a regasification terminal in Bahia after the Norwegian company's chief executive was last week named in a Brazilian corruption investigation. State-controlled Petrobras is also scrutinising a partnership between Golar Power and BR Dis-tribuidora, a former fuePdistribu-tion subsidy in which the oil company retains a 38% stake. Petrobras said the integrity analysis was standard procedure when compliance risks are flagged, but served another blow to Golar LNG after the Norwegian company was forced last week to suspend an initial public offering of Hygo Energy Transition, a liquefied natural gas transport and infrastructure spin-off.