Teekay Offshore Partners Announces Termination of Cheviot Field Opportunity and Availability Of Petrojarl Varg FPSO

Teekay Offshore Partners Announces Termination of Cheviot Field Opportunity and Availability Of Petrojarl Varg FPSO

In October 2018, certain subsidiaries of Teekay Offshore Partners L.P. (Teekay Offshore) entered into an agreement with Alpha Petroleum Resources Limited (Alpha Petroleum) to use Teekay Offshore’s Petrojarl Varg …
Jun 24, 2019 /  Vessels
Teekay Offshore Partners Secures $450 Million Shuttle Tanker Fleet Refinancing

Teekay Offshore Partners Secures $450 Million Shuttle Tanker Fleet Refinancing

Тeekay Offshore Partners L.P. (Teekay Offshore) (NYSE:TOO) announced Thursday (May23) that in accordance with previously noted financing plans, it has secured a new $450 million revolving credit facility for sixteen …
May 27, 2019 /  Finance
Teekay Corporation Announces Banff FPSO Contract Extension

Teekay Corporation Announces Banff FPSO Contract Extension

Teekay Corporation (Teekay) (NYSE:TK) has entered into an agreement with a subsidiary of Canadian Natural Resources Ltd. (CNR) to extend the employment of the Petrojarl Banff FPSO unit (Petrojarl Banff) on the Banff …
May 27, 2019 /  Vessels
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
Teekay LNG Partners Declares 36% Increase in Common Unit Distribution and Secures New 3-Year Charter

Teekay LNG Partners Declares 36% Increase in Common Unit Distribution and Secures New 3-Year Charter

Teekay GP LLC, the general partner of Teekay LNG Partners L.P. (Teekay LNG) (NYSE: TGP), has declared a cash distribution of $0.19 per common unit for the quarter ended March 31, 2019, representing a 36 percent increase …
Apr 24, 2019 /  Vessels
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
Spotted: Naming ceremony of 4 new building Arctic-class LNG of Yamal Project held in South Korea

Spotted: Naming ceremony of 4 new building Arctic-class LNG of Yamal Project held in South Korea

On March 28, 2019, a naming ceremony of co-invested 4 new built LNG carriers by Teekay and CLNG was grandly held in DSME shipyard in South Korea. The 4 new buildings are specialized for Yamal project. Vice chairman of …
Apr 3, 2019 /  Vessels
Spotted: Teekay’ first E-Shuttle, Aurora Spirit, launched at Samsung Shipyard

Spotted: Teekay’ first E-Shuttle, Aurora Spirit, launched at Samsung Shipyard

In late March, the Teekay's first E-Shuttle, Aurora Spirit was launched from the G3 floating dock at Samsung. Next steps are to install the LNG tank, various VOC equipment and the BLS module, and then commence sea …
Mar 26, 2019 /  Vessels