Vladimir Voronin, Delivery of the Fourth ARC 7 Ice Breaking LNG Newbuilds

Vladimir Voronin, Delivery of the Fourth ARC 7 Ice Breaking LNG Newbuilds

Four out of six Arc 7 Ice breaking LNG new builds delivered to Teekay. Named after the famous Soviet sea captain, Teekay has recently taken final delivery of Vladimir Voronin HN 2431, the fourth in the series of …
Aug 15, 2019 /  Vessels
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 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