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Segment Information
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATIONIn the 2020 Form 20-F, we changed the way in which we report and measure our reportable segments. The main driver of the change is the alignment of presentation and contents of financial information provided to our chief operating decision maker
(our Board of Directors), required to allocate resources, evaluate and manage both our standalone operating segments and our overall business performance. The key impacts are our segments' profit measure are now based on Adjusted EBITDA across our four reportable segments: Shipping; FLNG; Power and Corporate and other. Refer to note 6 to our consolidated financial statements filed with the 2020 Form 20-F for additional details.

In January 2021, following the board of directors' approvals of the GMLP Merger and Hygo Merger with NFE (note 9), we determined that our share of the net earnings/(losses) in Golar Partners and Hygo and the respective carrying values of our investments in affiliates have to be presented as net income/(loss) from discontinued operations and assets held for sale, respectively (note 9). Consequently, for the six months ended June 30, 2021, we ceased to consider Power as a reportable segment. Management has therefore concluded that we provide and operate three distinct reportable segments as follows:

•Shipping – This segment is based on the business activities of the transportation of LNG carriers. We operate and subsequently charter out LNG carriers on fixed terms to customers.
•FLNG – This segment is based on the business activities of FLNG vessels or projects. We convert LNG carriers into FLNG vessels and subsequently charter them out to customers. We currently have one operational FLNG, the Hilli, one undergoing conversion into a FLNG, the Gimi (note 13), and one LNG carrier earmarked for conversion, the Gandria.
•Corporate and other – This segment is based on the business activities of vessel management and administrative services and our corporate overhead costs.
Six months ended June 30, 2021
(in thousands of $)ShippingFLNG
Corporate and other (1)
Total results from continuing operationsResults from discontinued operationsTotal
Statement of Operations:
Total operating revenues104,699 110,134 15,281 230,114 — 230,114 
Vessel operating expenses
(30,902)(26,046)(5,181)(62,129)— (62,129)
Voyage, charterhire and commission expenses
(9,389)(300)(41)(9,730)— (9,730)
Administrative expenses
(253)(328)(17,887)(18,468)— (18,468)
Project development expenses
— (745)(149)(894)— (894)
Realized gains on oil derivative instrument (note 2)— 2,975 — 2,975 — 2,975 
Other operating income2,770 — — 2,770 — 2,770 
Adjusted EBITDA66,925 85,690 (7,977)144,638 — 144,638 
Balance Sheet:June 30, 2021
(in thousands of $)ShippingFLNG
Corporate and other (1)
Segment assets from continuing operationsAssets held for saleTotal assets
Total assets1,837,620 2,150,736 957,741 4,946,097 — 4,946,097 
Investment in affiliates (note 14)— — 51,292 51,292 — 51,292 
Six months ended June 30, 2020
(in thousands of $)ShippingFLNG
Corporate and other (1)
Total results from continuing operationsResults from Discontinued operationsTotal
Statement of Operations:
Total operating revenues105,572 109,048 10,181 224,801 — 224,801 
Vessel operating expenses
(27,796)(26,971)291 (54,476)— (54,476)
Voyage, charterhire and commission expenses
(6,366)— — (6,366)— (6,366)
Administrative expenses
(980)(597)(17,158)(18,735)— (18,735)
Project development expenses
(66)(1,399)(3,472)(4,937)— (4,937)
Realized gains on oil derivative instrument (note 2)— 2,539 — 2,539 — 2,539 
Other operating income532 — — 532 — 532 
Adjusted EBITDA70,896 82,620 (10,158)143,358 — 143,358 
Balance Sheet:December 31, 2020
(in thousands of $)ShippingFLNG
Corporate and other (1)
Segment assets from continuing operationsAssets held for saleTotal assets
Total assets1,870,819 1,933,677 241,967 4,046,463 267,766 4,314,229 
Investment in affiliates (note 14)— — 44,385 44,385 — 44,385 
(1) Includes inter-segment eliminations arising from vessel and administrative management fees revenue between segments.