OKEA unloads another Draugen oil cargo using a Teekay shuttle tanker

OKEA unloads another Draugen oil cargo using a Teekay shuttle tanker

Oil and gas company OKEA has unloaded another oil cargo from the Draugen field located offshore Norway using a Teekay shuttle tanker. OKEA said on Tuesday that the Teekay shuttle tanker Amundsen Spirit on July 27 …
Jul 30, 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
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
Wärtsilä Fleet Operations solution to increase safety and efficiency in sensitive Arctic waters

Wärtsilä Fleet Operations solution to increase safety and efficiency in sensitive Arctic waters

The technology group Wärtsilä has been contracted by Sovcomflot, Russia’s largest shipping company, to roll out a Wärtsilä Fleet Operations solution for Sovcomflot’s fleet of Arctic …
May 2, 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
Shuttle tanker Mikhail Ulyanov loads 10-millionth tonne of oil produced at Prirazlomnaya platform

Shuttle tanker Mikhail Ulyanov loads 10-millionth tonne of oil produced at Prirazlomnaya platform

On 10 April 2019, the Arctic shuttle tanker Mikhail Ulyanov loaded the milestone 10-millionth tonne of commercial oil produced at Prirazlomnaya offshore platform in the Pechora Sea. This cargo of oil has become the 150th …
Apr 10, 2019 /  Vessels
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
Wärtsilä and Samsung to co-develop most efficient LNG Carrier & Shuttle Tanker solutions

Wärtsilä and Samsung to co-develop most efficient LNG Carrier & Shuttle Tanker solutions

The technology group Wärtsilä and Samsung Heavy Industries (SHI) have signed a Joint Development Project (JDP) agreement aimed at establishing a more efficient solution for LNG Carrier and Shuttle Tanker …
Apr 4, 2019 /  Curious
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