Teekay Shipping Company News

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Jurong Shipyard Bags $696M FPSO Conversion Deal for Brazil's Libra Project
Jurong Shipyard bags a $696 million floating production, storage and offloading conversion contract from the Odebrecht Oil & Gas-Teekay Offshore joint venture for the Libra project offshore Brazil.
8:00 PM EST | October 12, 2014
Petrobras Inks LOI with Odebrecht-Teekay to Charter FPSO for Libra Project
Petrobras inks a letter of intent with Odebrecht-Teekay for the charter of a floating production, storage and offloading-type platform for the Libra project in Santos Basin, offshore Brazil.
8:00 PM EST | October 09, 2014
Report: Russia's Yamal LNG Chooses Gas Carriers
The Yamal LNG project in Russia's Arctic region chooses Sovkomflot, Mitsui OSK and Teekay LNG to build gas carriers worth $5 billion.
8:00 PM EST | April 22, 2014
Fish-Inspired Vessel Joins Brazil Offshore Oil Boom
The Norwegian-built HiLoad DP unit No. 1 is designed to load oil from deep sea FPSO vessels directly onto a standard tanker with no extra equipment.
8:00 PM EST | August 07, 2013
Teekay Exits Tough Year, Expects Higher 2010 Cashflows
During the fourth quarter of 2009, the Teekay Offshore Partnership generated distributable cash flow of $18.2 million, an increase from $13.4 million in the previous quarter.
7:00 PM EST | March 03, 2010
Teekay, Det Norske to Develop North Sea Export Solution
Teekay and Det norske have signed a cooperation agreement to jointly develop further the Teekay FlexShuttle concept, a patented export solution for advanced future offshore operations.
7:00 PM EST | February 08, 2010
Teekay, Merrill Lynch to Develop Kitimat FLNG Vessel
Teekay announced an agreement with Merrill Lynch to jointly develop a project to convert the S/S Arctic Spirit into a floating liquefied natural gas plant to be moored alongside a pier near Kitimat, British Columbia.
8:00 PM EST | March 12, 2009
Gasol, Teekay Team Up to Develop LNG Solution in West Africa
Gasol and Teeky have signed a MOU to develop a viable alternative liquefaction solution for stranded gas in West Africa.
7:00 PM EST | February 11, 2009
Teekay Corp. Declares Cash Dividend
Teekay has voted to declare a cash dividend on its common stock payable on January 30, 2009.
7:00 PM EST | January 05, 2009
NOPSA Investigates Fatal Accident Aboard Karratha Spirit Facility
NOPSA is currently investigating a fatal accident which occurred on the Karratha Spirit facility offshore Australia during disconnection of the facility from its mooring buoy in response to adverse weather arising from Tropical Cyclone Billy.
7:00 PM EST | December 30, 2008
Aker to Supply Offshore Loading Systems for Brazil Ops, Usan FPSO
Aker Solutions has been awarded several contracts for the supply of offshore loading systems and deck machinery for offshore Brazil and Nigeria operations.
7:00 PM EST | December 17, 2008
Teekay Offshore Completes Financial Restatement
Teekay Offshore has restated its previously reported financial results, including results for fiscal years 2003 through 2007 and the first and second quarters of 2008.
7:00 PM EST | November 24, 2008
EnerMech Snaps Up Norwegian North Sea Crane Division
EnerMech have hit the acquisition trail again with the purchase of Bjorge ASA's crane division, which gives EnerMech a significant entry point into the Norwegian North Sea crane and heavy lift sector.
8:00 PM EST | October 29, 2008
Teekay Reveals Net Increase, Plans to Restate Financial Results
Teekay reported net income of $19.2 million for the quarter ended June 30, 2008, compared to net income of $3.7 million for the same period last year. The Company also plans to restate financial results for accounting under SFAS 133.
8:00 PM EST | August 06, 2008
Prosafe Sells Its 30% of Teekay Petrojarl for $258MM
Prosafe Production Public Limited has today sold 22,603,832 shares in Teekay Petrojarl ASA to Teekay at a price of NOK 59.00 per share.
8:00 PM EST | June 19, 2008
ABS Evaluating New Teekay Floating Offshore Gas Concept
Class society ABS has been selected by Teekay Corporation to provide its technical evaluation to the basic design concept of a floating offshore gas liquefaction unit.
8:00 PM EST | May 04, 2008
Teekay Corporation Declares Dividend
Teekay Corporation announced that its Board of Directors has voted to declare a cash dividend on its common stock of $0.275 per share, payable on January 25, 2008 to all shareholders of record as at January 11, 2008.
7:00 PM EST | January 06, 2008
Prosafe: Best Results Ever
Prosafe said that its net financial costs in the fourth quarter equaled USD 5.1 million (USD 5.9 million).
7:00 PM EST | February 08, 2007
Teekay Acquires 50.3% of Petrojarl
Teekay Shipping Corporation has acquired, through its wholly owned subsidiary TPO Investments AS, 50.3% of the shares of Petrojarl ASA.
8:00 PM EST | October 17, 2006
Prosafe Declines Teekay Offer
The board of directors of Prosafe ASA has decided to decline the mandatory offer for the purchase of shares of Petrojarl ASA, put forward by TPO Investments AS, a wholly owned subsidiary of Teekay Shipping Corporation.
8:00 PM EST | October 12, 2006
Teekay Increases Dividend by 14%
Teekay Shipping's Board of Directors has voted to declare a cash dividend on its common stock of $0.2375 per share, representing a 14 percent increase over the previous quarterly dividend of $0.2075 per share.
8:00 PM EST | October 04, 2006
Teekay Launches Mandatory Bid for All Shares in Petrojarl
Teekay Shipping's wholly-owned subsidiary, TPO Investments AS, has launched a mandatory bid for all of the shares in Petrojarl ASA at a price of Norwegian Kroner 70 per share, payable in cash.
8:00 PM EST | September 17, 2006
Teekay Takes 40% Stake in Petrojarl
Teekay Shipping Corporation has acquired, through its wholly owned subsidiary TPO Investments AS, over 40% of the shares of Petrojarl ASA.
8:00 PM EST | August 31, 2006
Teekay to Increase Share Repurchase Program
Teekay Shipping announces that it is plans to buy back $150 million more in outstanding shares.
8:00 PM EST | June 11, 2006
Teekay to Create Teekay Offshore Partners for Offshore Energy Work
Teekay Shipping announced its plan to create a new publicly-traded master limited partnership called Teekay Offshore Partners L.P. that will focus on providing marine solutions to the offshore energy sector.
8:00 PM EST | June 11, 2006
Teekay Enters JV with PGS Production to Pursue FPSO Projects
Teekay Shipping has entered an agreement with PGS Production to form a jv company called Teekay Petrojarl Offshore that will focus on pursuing opportunities in the rapidly growing global market for mobile production solutions.
7:00 PM EST | February 20, 2006
Statoil & Partners Develop New Concept for Transporting CNG
A new concept for transporting compressed natural gas (CNG) is being developed and commercialized jointly by Statoil, Canadian-owned Teekay Shipping and Norway's Leif Höegh & Co.
8:00 PM EST | August 23, 2004
Teekay Shipping Wins FSO Contract for Unocal Thailand
Teekay Shipping has signed a contract to provide a Floating Storage Offtake (FSO) unit to Unocal Thailand for a period of 10 years, with options to extend the term to 15 years.
8:00 PM EST | August 12, 2003