ECO-friendly shuttle tankers secure financing of innovative new VOC technology developed in Norway

ECO-friendly shuttle tankers secure financing of innovative new VOC technology developed in Norway

Teekay Offshore has secured long-term financing from the Norwegian Government for four new shuttle tankers being built at Samsung Heavy Industries (SHI) in South Korea. The shuttle tankers are all equipped with a new …
May 22, 2019 /  Vessels
Teekay Offshore Partners Announces $100 Million FPSO Fleet Refinancing

Teekay Offshore Partners Announces $100 Million FPSO Fleet Refinancing

Teekay Offshore Partners L.P. (Teekay Offshore) (NYSE:TOO) announced yesterday that it has secured a new $100 million revolving credit facility for the Piranema Spirit, Voyageur Spirit, and Petrojarl Varg FPSO …
May 2, 2019 /  Finance
Watson Farley & Williams advises Teekay Offshore on US$414m ECA-backed shuttle tanker newbuild loan

Watson Farley & Williams advises Teekay Offshore on US$414m ECA-backed shuttle tanker newbuild loan

Watson Farley & Williams (WFW) advised long-standing client Teekay Offshore Partners L.P. (Teekay Offshore) on a US$414m debt facility to fund four LNG-fuelled newbuild shuttle tankers. The facility, which bears …
Apr 11, 2019 /  Finance
Teekay Offshore Partners Secures New $414 Million Debt Facility for Four Shuttle Tanker Newbuilds

Teekay Offshore Partners Secures New $414 Million Debt Facility for Four Shuttle Tanker Newbuilds

Teekay Offshore Partners L.P. (Teekay Offshore) (NYSE:TOO) announced yesterday that it has secured a new $414 million long-term debt facility that will be used to finance four LNG-fueled Suezmax DP2 shuttle tanker …
Apr 5, 2019 /  Finance
Teekay Offshore: Construction of the fourth and final E-Shuttle Tanker Newbuilding Underway

Teekay Offshore: Construction of the fourth and final E-Shuttle Tanker Newbuilding Underway

On March 4th 2019, the steel cutting for Teekay Offshore’s fourth and final E-Shuttle has officially begun. The vessel, which will be named Current Spirit, is now officially in production. Mr. Seatae Kim, Lead …
Mar 5, 2019 /  Vessels
Teekay and Samsung opt for Hydroniq Coolers

Teekay and Samsung opt for Hydroniq Coolers

Norwegian supplier Hydroniq Coolers has won contracts from Samsung Heavy Industries Co. Ltd. to deliver the cooling system for the engines of the six LNG-fuelled shuttle tankers the shipbuilder is constructing for Teekay …
Feb 28, 2019 /  Vessels
LIBRA FPSO produces more than 9 million barrels of oil in first year

LIBRA FPSO produces more than 9 million barrels of oil in first year

The FPSO Pioneiro de Libra completed its first year of operation and produced more than nine million barrels of oil since achieving first oil in November 2017. The FPSO operates at the Mero field and concluded the first …
Dec 19, 2018 /  Vessels
Teekay Offshore Partners announces settlement agreements with Petrobras

Teekay Offshore Partners announces settlement agreements with Petrobras

Teekay Offshore Partners L.P. (NYSE:TOO) (Teekay Offshore) announced today that certain of its subsidiaries have entered into a settlement agreement with Petróleo Brasileiro S.A. and Petroleo Netherlands B.V. …
Oct 29, 2018 /  Finance
Teekay books extensions for FPSO duo; Eyeing future redeployment options

Teekay books extensions for FPSO duo; Eyeing future redeployment options

Teekay Offshore has won extensions for its FPSO duo Petrojarl Cidade de Rio das Ostras, and Voyageur Spirit in Brazil and the UK, respectively. In Brazil, the national oil company Petrobras has elected to extend the …
Aug 3, 2018 /  Vessels
Teekay Offshore awards FPSO contract to Bilfinger

Teekay Offshore awards FPSO contract to Bilfinger

Bilfinger Salamis UK has been awarded a significant contract from Teekay Offshore, building on a positive first quarter for the industrial services firm. The new three-year contract, with the option of two one-year …
Jun 20, 2018 /  Vessels